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The company may no longer be operating, as it has been acquired. Find out why through their latest events.
ForgeRock 과거 순이익 실적
과거 기준 점검 0/6
ForgeRock 의 수입은 연평균 -29.1%의 비율로 감소해 온 반면, Software 산업은 연평균 24.9%의 비율로 증가했습니다. 매출은 연평균 29.4%의 비율로 증가해 왔습니다.
핵심 정보
-29.12%
순이익 성장률
23.91%
주당순이익(EPS) 성장률
| Software 산업 성장률 | 17.33% |
| 매출 성장률 | 29.42% |
| 자기자본이익률 | -28.26% |
| 순이익률 | -33.58% |
| 최근 순이익 업데이트 | 30 Jun 2023 |
최근 과거 실적 업데이트
Recent updates
Seeking Alpha • Jan 12
ForgeRock falls as shareholders approve sale to Thoma Bravo
ForgeRock (NYSE:FORG) fell 2.6% as shareholders voted to approve the planned sale to Thoma Bravo. ForgeRock (FORG) holders vote to approve the deal at a 12pm holder vote, according to an trader who listened to a broadcast of the meeting. ForgeRock (FORG) investors are likely disappointed that an unidentified strategic bidder that was considering an offer for the company didn't make a bid for the identification-verification software before the vote. ForgeRock disclosed last month that an unidentified strategic buyer, identified as "Party E," was considering making an offer for the company. Investors are worried after ForgeRock said last month that it received request for more information from the Dept. of Justice in regards to its $23.25 a share planned sale to Thoma Bravo. There's concern that DOJ may try to block the deal due to potential concentration in the identity management sector. The Thoma Bravo deal for ForgeRock (FORG) followed the private equity firm agreeing to buy Ping Identity for $2.8 billion in August and SailPoint Technologies for $6.9 billion in April.Seeking Alpha • Dec 22
ForgeRock falls after DOJ request for more information on Thoma Bravo deal
ForgeRock (NYSE:FORG) dropped 1% in after hours trading after disclosing it received a request for more information from the Dept. of Justice in regards to its planned sale to Thoma Bravo. ForgeRock (FORG) and Thoma Bravo each received a "second request" from the DOJ on Thursday, according to an 8-K filing. The parties expect to promptly respond to the second request and to continue working cooperatively with the DOJ. The second request comes after Thoma Bravo pulled and refiled its ForgeRock (FORG) merger notice with U.S. antitrust regulators last month to give the Dept. of Justice more time to review the combination. Investors have had concerns that the company's $2.3 billion sale to Thoma Bravo may see an in-depth antitrust review due to concentration in the identity management sector. The Thoma Bravo deal for ForgeRock (FORG) comes after the private equity firm agreed to buy Ping Identity for $2.8 billion in August and SailPoint Technologies for $6.9 billion in April. Earlier this month ForgeRock (FORG) disclosed that an unidentified strategic buyer was recently considering making an offer for maker of identification-verification software. A Morgan Stanley analyst late last month argued that the Thoma Bravo deal is likely to close in the 1H of next year as the antitrust concerns may be overblown. The MS analyst highlighted that Microsoft (MSFT) and Okta (OKTA) have become more competitive in the large enterprise segment.Seeking Alpha • Dec 08
ForgeRock jumps after disclosing another potential bidder in filing
ForgeRock (NYSE:FORG) rose 7% in after hours trading after a filing indicated that an unidentified strategic buyer was recently considering making an offer for maker of identification-verification sofware. On Nov. 30, a representative for Strategic E notified a representative of ForgeRock that the party was considering making a proposal for the company, according to a proxy filing. ForgeRock (FORG) hasn't received any further communications from Strategic E. Thoma Bravo agreed to acquire ForgeRock (FORG) for $23.25 per share in cash in October. Developing story ...Seeking Alpha • Oct 11
Thoma Bravo acquires ForgeRock for $23.25 per share in cash
ForgeRock (NYSE:FORG) to be acquired by Thoma Bravo, a software investment firm, for $23.25 per share, in an all-cash transaction valued at approximately $2.3B. The offer represents a premium of approximately 53% over company’s closing share price on October 10, 2022 and a premium of approximately 44% over the volume weighted average price of stock for the 30 days ending October 10, 2022. The transaction is expected to close in the first half of 2023. Upon closing, ForgeRock’s common stock will no longer be publicly listed and ForgeRock will become a privately held company. “We are pleased to partner with Thoma Bravo to build on the strength of our comprehensive platform,” said Fran Rosch, ForgeRock’s Chief Executive Officer. “The transaction offers a unique opportunity to create value for all of our stakeholders and is a clear validation of our team’s outstanding work and the start of an exciting new chapter for ForgeRock, our customers, and our partner ecosystem. We are confident that Thoma Bravo’s resources and insights will help us continue to drive innovation in our platform and deliver even more value for customers.” ForgeRock to release its Q3 results on November 9, 2022. FORG shares up 3% PM.Seeking Alpha • Sep 02
ForgeRock Faces Revenue Growth And Foreign Exchange Headwinds
Summary ForgeRock went public in September 2021, raising approximately $275 million in a U.S. IPO. The firm provides IT identity access software and services to organizations worldwide. FORG has produced tepid revenue growth and increasing operating losses; the company also faces slowing sales cycles and foreign exchange headwinds. I'm on Hold for FORG in the near term. A Quick Take On ForgeRock ForgeRock (FORG) went public in September 2021, raising approximately $275 million in gross proceeds from an IPO that was priced at $25.00 per share. The firm provides digital identity as a service software for organizations globally. For the near term, I'm on Hold for FORG due to its ongoing transition to SaaS, slowing sales cycles, foreign exchange challenges and increasing operating losses. ForgeRock Overview San Francisco, California-based ForgeRock was founded to develop a digital identity management platform for various identity types and cloud deployments. Management is headed by President and CEO, Francis Rosch, who has been with the firm since June 2018 and was previously EVP at Symantec. The company's primary offerings by identity type include: Consumer Workforce IoT & Services The firm pursues client relationships with medium and large enterprises via its direct sales and marketing efforts. FORG's platform can support over 200 million access transactions per hour, securing thousands of applications across types, operating environments and deployments, whether in public, private, hybrid cloud or on-premises infrastructures. ForgeRock's Market & Competition According to a 2020 market research report by Grand View Research, the global identity as a service (IDaaS) market was an estimated $3.34 billion in 2019 and is forecast to reach $16 billion by 2027. This represents a forecasted very strong CAGR of 22.0% from 2020 to 2027. The main drivers for this expected growth are an increasing number of regulatory mandates and growing complexity of environments with multiple stakeholders and user types using their own devices (BYOD). Also, an increasing number of employees working remotely is putting further demand on services that safely and efficiently secure this type of access. Below is a chart showing the historical and projected future U.S. IDaaS market size: U.S. Identity As A Service Market (Grand View Research) Major competitive or other industry participants include: CA Technologies Okta SailPoint IBM Oracle CyberArk Ping Identity OneLogin Auth0 Centrify Homegrown, in-house solutions ForgeRock's Recent Financial Performance Total revenue by quarter has grown slightly over the past 5 quarters: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has plateaued in recent quarters as well: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have been trending higher in recent reporting periods: 5 Quarter Selling, G&A % Of Revenue (Seeking Alpha) Operating losses by quarter have worsened markedly in recent quarters, as the chart shows below: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have remained negative over the past five quarters: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, FORG's stock price has fallen 60.4% vs. the U.S. S&P 500 Index's drop of around 11.5%, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For ForgeRock Below is a table of relevant capitalization and valuation figures for the company: Measure [TTM] Amount Enterprise Value/Sales 6.21 Revenue Growth Rate 19.6% Net Income Margin -35.4% GAAP EBITDA % -29.8% Market Capitalization $1,460,000,000 Enterprise Value $1,170,000,000 Operating Cash Flow -$32,190,000 Earnings Per Share (Fully Diluted) -$1.05 (Source - Seeking Alpha) As a reference, a relevant partial public comparable would be Ping Identity (PING); shown below is a comparison of their primary valuation metrics: Metric Ping Identity ForgeRock Variance Enterprise Value/Sales 8.17 6.21 -24.0% Revenue Growth Rate 13.8% 19.6% 42.8% Net Income Margin -34.3% -35.4% 3.3% Operating Cash Flow -$5,990,000 -$32,190,000 437.4% (Source - Seeking Alpha) A full comparison of the two companies' performance metrics may be viewed here. The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory. FORG's most recent GAAP Rule of 40 calculation was negative (10.2%) as of Q2 2022, so the firm needs significant improvement in this regard, per the table below: Rule of 40 - GAAP Calculation Recent Rev. Growth % 19.6% GAAP EBITDA % -29.8% Total -10.2% (Source - Seeking Alpha) Commentary On ForgeRock In its last earnings call (Source - Seeking Alpha), covering Q2 2022's results, management highlighted the company's revenue growth but also noted the lengthening sales cycles for the larger deals in its pipeline. This slowdown meant FORG produced ARR (Annual Recurring Revenue) of $1.4 million below the bottom end of its previous guidance. Also, the company saw a greater foreign exchange impact as the US dollar rose against the British Pound and the Euro. Management expects the macroeconomic environment to produce greater IT budget scrutiny, likely hampering the company's revenue growth trajectory. Notably, 83% of the company's revenue is from customers managing their own systems, 17% from SaaS. However, management has a goal of increasing its SaaS mix from 17% to around 25% by the end of 2022.Seeking Alpha • Aug 22
ForgeRock announces strategic partnership with Secret Double Octopus
ForgeRock (NYSE:FORG) said Monday that it entered in a strategic partnership with Secret Double Octopus to extend ForgeRock’s rich passwordless and multi-factor authentication capabilities to enterprise workstations and infrastructure. The new solution, named ForgeRock Enterprise Connect, integrates seamlessly with any ForgeRock deployment option, giving enterprises the ability to achieve enhanced security for workstations, databases, VPNs, and servers. The new solution will be demonstrated this week at the Gartner IAM Summit in Las Vegas in ForgeRock’s booth. The ForgeRock Enterprise Connect will be available exclusively from ForgeRock.Seeking Alpha • Aug 12
ForgeRock stock slides on guidance cut
ForgeRock (NYSE:FORG) shares dipped 18% on Friday in response to the firm's second quarter results and lowered guidance for full-year. The software firm incurred adj. net loss of $14.5M, or -$0.17 per share, compared to -$8.3M in the second quarter of 2021. Total revenue grew 8% Y/Y to $47.7M, with subscription SaaS, support & maintenance revenue up 46% Y/Y. ARR surged 30% Y/Y, but was below the low end of the company's expectations. ARR results were impacted primarily by unexpected lengthening of sales cycles for larger enterprise deals and significant FX headwinds. The company revised its annual ARR guidance to factor in greater impact from longer sales cycles. It now expects total ARR of $225M to $232M (prior outlook: $240M to $243M) for full year 2022, total revenue of $206M to $212M vs. $212.18M consensus and adj. net loss per share of $0.49 to $0.44 vs. -$0.43 consensus. Total revenue was previously seen at $212M to $215M, while adj. net loss per share was seen at $0.45 to $0.41.분석 기사 • Jun 19
Is ForgeRock, Inc. (NYSE:FORG) Trading At A 33% Discount?
Today we will run through one way of estimating the intrinsic value of ForgeRock, Inc. ( NYSE:FORG ) by taking the...Seeking Alpha • Jun 09
A First Look At ForgeRock
Today, we take our first look at a fast-growing SaaS centric concern in the Identity and Access Management space called ForgeRock. Like most tech concerns that came public in 2021, the shares are deep in Busted IPO territory despite impressive revenue growth. A full investment analysis follows in the paragraphs below.Seeking Alpha • Mar 25
ForgeRock: Cash Burn Makes This Investment Not Worth It
ForgeRock manages and secures the identities of consumers, workers, partners, and others through a digital identity platform. ForgeRock seems to have a robust customer portfolio and solid ratings, however it’s doesn’t have that special unique feature that differentiates it from the competitors. The company has a large cash burn and I don’t really detect a significant, unique competitive advantage. Due to its current valuation, I am not buying this stock right now. I’d either wait for the stock to decrease in price, or for the EBITDA margin to get closer to 0, which I expect will take a while.Seeking Alpha • Dec 09
ForgeRock: After A 50% Drop, It's Now Trading At Fair Value
ForgeRock has a promising product proposition that could easily penetrate a large TAM market, but valuation is very generous. With a 30% revenue CAGR, the company is set to acquire a decent market share while working on profitability and cost management. With economies of scale improving, FORG is expected to book a profit by the end of 2024, as costs of sales and marketing slow down. The company is trading at fair value, with no buying opportunity over $27 per share.Seeking Alpha • Sep 20
ForgeRock IPO Day With CEO Fran Rosch - Managing Digital Identity (Video)
Identity management platform ForgeRock went public last week in an IPO. CEO Fran Rosch joined us to discuss never having to log in again, producing growth during the pandemic, growing topline revenue while reducing operating losses. Digital identity as a massive and growing market, global estimates for consumer, workforce, and IoT and services identity $71 billion.매출 및 비용 세부 내역
매출 및 비용 세부 내역
ForgeRock가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.
순이익 및 매출 추이
| 날짜 | 매출 | 순이익 | 일반관리비 | 연구개발비 |
|---|---|---|---|---|
| 30 Jun 23 | 243 | -82 | 197 | 66 |
| 31 Mar 23 | 233 | -75 | 188 | 65 |
| 31 Dec 22 | 218 | -66 | 177 | 62 |
| 30 Sep 22 | 202 | -62 | 165 | 58 |
| 30 Jun 22 | 188 | -66 | 155 | 53 |
| 31 Mar 22 | 184 | -54 | 141 | 48 |
| 31 Dec 21 | 177 | -48 | 129 | 43 |
| 30 Sep 21 | 169 | -33 | 120 | 40 |
| 30 Jun 21 | 157 | -26 | 110 | 39 |
| 31 Mar 21 | 141 | -34 | 105 | 38 |
| 31 Dec 20 | 128 | -42 | 102 | 36 |
| 31 Dec 19 | 104 | -37 | 95 | 30 |
양질의 수익: FORG 은(는) 현재 수익성이 없습니다.
이익 마진 증가: FORG는 현재 수익성이 없습니다.
잉여현금흐름 대비 순이익 분석
과거 순이익 성장 분석
수익추이: FORG은 수익성이 없으며 지난 5년 동안 손실이 연평균 29.1% 증가했습니다.
성장 가속화: 현재 수익성이 없어 지난 1년간 FORG의 수익 성장률을 5년 평균과 비교할 수 없습니다.
수익 대 산업: FORG은 수익성이 없어 지난 해 수익 성장률을 Software 업계(14.2%)와 비교하기 어렵습니다.
자기자본이익률
높은 ROE: FORG는 현재 수익성이 없으므로 자본 수익률이 음수(-28.26%)입니다.
총자산이익률
투하자본수익률
우수한 과거 실적 기업을 찾아보세요
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2023/08/24 10:04 |
| 종가 | 2023/08/22 00:00 |
| 수익 | 2023/06/30 |
| 연간 수익 | 2022/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
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| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
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| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.
산업 및 섹터 지표
산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.
분석가 소스
ForgeRock, Inc.는 11명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Gray Powell | BTIG |
| Thomas Walkley | Canaccord Genuity |
| Patrick Edwin Colville | Deutsche Bank |