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Mimecast

DB:53M
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
53M
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Mimecast Limited, an email and data security company, provides cloud security and risk management services for corporate information and email. The last earnings update was 47 days ago. More info.


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53M Share Price and Events
7 Day Returns
1.9%
DB:53M
-1.4%
DE Software
-1.8%
DE Market
1 Year Returns
18.4%
DB:53M
17.3%
DE Software
-6.7%
DE Market
53M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mimecast (53M) 1.9% 10.4% -4.3% 18.4% 379.1% -
DE Software -1.4% 6.8% 19.6% 17.3% 72.4% 107.3%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • 53M outperformed the Software industry which returned 17.3% over the past year.
  • 53M outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
53M
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mimecast undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mimecast to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mimecast.

DB:53M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:53M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.12 (1 + (1- 19%) (4.67%))
1.109
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.109 * 6.65%)
7.6%

Discounted Cash Flow Calculation for DB:53M using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mimecast is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:53M DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.6%)
2020 38.42 Analyst x9 35.70
2021 77.02 Analyst x9 66.52
2022 108.04 Analyst x3 86.72
2023 140.27 Analyst x2 104.64
2024 167.80 Analyst x2 116.33
2025 188.86 Est @ 12.55% 121.69
2026 205.59 Est @ 8.86% 123.11
2027 218.47 Est @ 6.27% 121.58
2028 228.21 Est @ 4.46% 118.02
2029 235.48 Est @ 3.19% 113.18
Present value of next 10 years cash flows $1,007.50
DB:53M DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $235.48 × (1 + 0.23%) ÷ (7.6% – 0.23%)
$3,200.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,200.97 ÷ (1 + 7.6%)10
$1,538.52
DB:53M Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,007.50 + $1,538.52
$2,546.02
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,546.02 / 61.35
$41.5
DB:53M Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:53M represents 0.87028x of NasdaqGS:MIME
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87028x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 41.50 x 0.87028
€36.12
Value per share (EUR) From above. €36.12
Current discount Discount to share price of €42.40
= -1 x (€42.40 - €36.12) / €36.12
-17.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mimecast is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mimecast's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mimecast's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:53M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.12
NasdaqGS:MIME Share Price ** NasdaqGS (2019-07-15) in USD $48.72
Germany Software Industry PE Ratio Median Figure of 18 Publicly-Listed Software Companies 34.6x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mimecast.

DB:53M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MIME Share Price ÷ EPS (both in USD)

= 48.72 ÷ -0.12

-417.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mimecast is loss making, we can't compare its value to the DE Software industry average.
  • Mimecast is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Mimecast's expected growth come at a high price?
Raw Data
DB:53M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -417.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
53.3%per year
Germany Software Industry PEG Ratio Median Figure of 13 Publicly-Listed Software Companies 2.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mimecast, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mimecast's assets?
Raw Data
DB:53M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.84
NasdaqGS:MIME Share Price * NasdaqGS (2019-07-15) in USD $48.72
Germany Software Industry PB Ratio Median Figure of 32 Publicly-Listed Software Companies 3.06x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:53M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MIME Share Price ÷ Book Value per Share (both in USD)

= 48.72 ÷ 2.84

17.16x

* Primary Listing of Mimecast.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mimecast is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess Mimecast's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Mimecast has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mimecast expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
53.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mimecast expected to grow at an attractive rate?
  • Mimecast's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mimecast's earnings growth is expected to exceed the Germany market average.
  • Mimecast's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:53M Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:53M Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 53.3%
DB:53M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 16.3%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:53M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:53M Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 826 227 31 2
2023-03-31 712 193 22 2
2022-03-31 597 154 28 3
2021-03-31 508 116 12 14
2020-03-31 420 94 -5 16
DB:53M Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 340 66 -7
2018-12-31 322 63 -12
2018-09-30 301 57 -15
2018-06-30 282 51 -14
2018-03-31 262 46 -12
2017-12-31 241 42 -8
2017-09-30 222 35 -9
2017-06-30 203 35 -8
2017-03-31 187 33 -5
2016-12-31 171 28 -5
2016-09-30 160 29 -3
2016-06-30 150 26 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mimecast's earnings are expected to grow significantly at over 20% yearly.
  • Mimecast's revenue is expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:53M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Mimecast Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:53M Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 0.48 0.48 0.48 1.00
2023-03-31 0.35 0.35 0.35 1.00
2022-03-31 0.40 0.55 0.24 2.00
2021-03-31 0.21 0.37 0.02 6.00
2020-03-31 -0.09 0.19 -0.22 6.00
DB:53M Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.12
2018-12-31 -0.20
2018-09-30 -0.25
2018-06-30 -0.24
2018-03-31 -0.22
2017-12-31 -0.15
2017-09-30 -0.17
2017-06-30 -0.14
2017-03-31 -0.10
2016-12-31 -0.09
2016-09-30 -0.05
2016-06-30 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mimecast is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mimecast's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mimecast has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mimecast performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mimecast's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mimecast does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mimecast's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mimecast's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
Mimecast's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mimecast Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:53M Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 340.38 -7.00 190.85 57.94
2018-12-31 321.59 -11.63 182.54 54.14
2018-09-30 301.25 -14.68 175.49 49.45
2018-06-30 282.14 -13.96 167.83 43.55
2018-03-31 261.90 -12.39 158.24 38.37
2017-12-31 240.91 -8.45 149.15 32.80
2017-09-30 221.97 -9.23 140.81 28.68
2017-06-30 203.26 -7.59 131.51 25.37
2017-03-31 186.56 -5.44 124.03 22.59
2016-12-31 171.03 -4.79 114.81 20.72
2016-09-30 159.83 -2.62 105.64 20.30
2016-06-30 149.97 -0.75 95.05 19.28
2016-03-31 141.84 -3.24 84.94 17.66
2015-12-31 135.68 2.29 76.57 16.07
2015-09-30 128.37 6.41 67.69 14.01
2015-06-30 122.47 2.00 68.13 14.04
2015-03-31 116.09 0.21 67.03 14.46
2014-03-31 88.32 -16.89 58.16 12.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mimecast has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mimecast has efficiently used its assets last year compared to the DE Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mimecast improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mimecast's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mimecast has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mimecast's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mimecast's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mimecast is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mimecast's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mimecast's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mimecast Company Filings, last reported 3 months ago.

DB:53M Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 173.64 96.86 173.52
2018-12-31 152.86 97.42 156.64
2018-09-30 144.75 97.97 144.37
2018-06-30 137.05 0.00 149.49
2018-03-31 101.69 0.00 137.21
2017-12-31 96.44 0.19 128.90
2017-09-30 90.74 0.74 119.61
2017-06-30 86.55 1.26 112.21
2017-03-31 81.99 1.73 111.67
2016-12-31 79.84 2.63 102.29
2016-09-30 79.12 3.93 110.50
2016-06-30 78.37 5.26 108.66
2016-03-31 78.07 6.89 106.14
2015-12-31 79.89 8.43 105.97
2015-09-30 10.28 9.96 34.05
2015-06-30 8.14 11.70 36.51
2015-03-31 5.45 12.36 32.89
2014-03-31 2.56 9.09 19.16
  • Mimecast's level of debt (79.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (355.1% vs 79.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Mimecast has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Mimecast has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -37.1% per year.
X
Financial health checks
We assess Mimecast's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mimecast has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mimecast's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mimecast dividends. Estimated to be 0.34% next year.
If you bought €2,000 of Mimecast shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mimecast's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mimecast's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:53M Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:53M Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31 1.00 1.00
2022-03-31 0.00 1.00
2021-03-31 0.00 2.00
2020-03-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mimecast has not reported any payouts.
  • Unable to verify if Mimecast's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mimecast's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mimecast has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Mimecast's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Mimecast's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mimecast afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mimecast has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mimecast's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Bauer
COMPENSATION $632,665
AGE 45
TENURE AS CEO 16.5 years
CEO Bio

Mr. Peter C. Bauer co-founded Mimecast Limited in 2003 and has been its Chairman and Chief Executive Officer since 2003. Mr. Bauer is a technology marketer and business leader with a successful track record and solid experience in starting, growing and leading flourishing businesses in the information technology sector. Mr. Bauer was a Managing Director at Idion Solutions Pty in Cape Town, South Africa, a software integration and development company that acquired FAB Technology (Pty), a company that he co-founded in 1997. His first technology venture, FAB Technologies (Pty) Ltd, was strategically acquired by Idion Technology Holdings in 1998 to provide significant skills, intellectual capital and proprietary software. Fab Technologies, itself a leading Microsoft-certified solution provider and application developer, focused on web and workflow business solutions. Hailing from South Africa originally, he moved to the UK to take advantage of the growing trends towards internet business services. Mr. Bauer has been a Director of Mimecast Limited since 2003. Mr. Bauer holds a diploma in marketing management from the Institute of Marketing Management South Africa.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Peter's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Mimecast management team in years:

3.7
Average Tenure
51
Average Age
  • The tenure for the Mimecast management team is about average.
Management Team

Peter Bauer

TITLE
Co-Founder
COMPENSATION
$633K
AGE
45
TENURE
16.5 yrs

Ed Jennings

TITLE
Chief Operating Officer
COMPENSATION
$576K
AGE
49
TENURE
3.9 yrs

Bob Nault

TITLE
Senior VP
COMPENSATION
$490K
AGE
55
TENURE
2.8 yrs

Janet Levesque

TITLE
Senior Vice President of Systems
COMPENSATION
$1M
AGE
52
TENURE
1.6 yrs

Rafe Brown

TITLE
Chief Financial Officer
AGE
51
TENURE
0.3 yrs

Nathaniel Borenstein

TITLE
Chief Scientist
TENURE
9.1 yrs

Grant Hodgkinson

TITLE
Chief Information Officer & VP of Digital Operations

Robert Sanders

TITLE
Director of Investor Relations

Jules Martin

TITLE
Vice President of Business Development
TENURE
8.2 yrs

Alex Bender

TITLE
Senior Vice President of Global Marketing
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Mimecast board of directors in years:

4.3
Average Tenure
54.5
Average Age
  • The tenure for the Mimecast board of directors is about average.
Board of Directors

Peter Bauer

TITLE
Co-Founder
COMPENSATION
$633K
AGE
45
TENURE
16.5 yrs

Christopher FitzGerald

TITLE
Lead Independent Director
COMPENSATION
$220K
AGE
73
TENURE
4.5 yrs

Hagi Schwartz

TITLE
Non-Executive Director
COMPENSATION
$225K
AGE
57
TENURE
4 yrs

Jeff Lieberman

TITLE
Non-Executive Director
AGE
45
TENURE
6.8 yrs

Neil Murray

TITLE
Director
AGE
52
TENURE
16.5 yrs

Aron Ain

TITLE
Director
COMPENSATION
$250K
AGE
61
TENURE
2.3 yrs

Stephen Ward

TITLE
Director
COMPENSATION
$212K
AGE
47
TENURE
1.5 yrs

Bob Schechter

TITLE
Director
AGE
70
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Feb 19 Sell Christopher FitzGerald Individual 19. Feb 19 19. Feb 19 -8,000 €41.85 €-334,778
03. Dec 18 Sell Christopher FitzGerald Individual 28. Nov 18 28. Nov 18 -10,000 €31.75 €-317,517
11. Sep 18 Sell Christopher FitzGerald Individual 07. Sep 18 07. Sep 18 -6,000 €35.39 €-212,329
X
Management checks
We assess Mimecast's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mimecast has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mimecast Limited, an email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems. Its Mimecast Email Security services also comprise Secure Messaging for sharing sensitive information with external contacts through email; Large File Send that enables employees to create security and compliance risks when they turn to file sharing services; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data. In addition, the company offers Mimecast Business Continuity, which protects email and data against the threat of downtime as a result of system failure, natural disasters, planned maintenance, system upgrades, and migrations; and Mimecast Enterprise Information Archiving that offers cloud archive consolidation of inbound, outbound and internal email, files, and instant messaging in an archive, as well as incorporates legacy data from additional archives into the same searchable store. Further, it provides Service Bundles, a unified service managed from a single administration console; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users to get self-service access to security features. The company sells its services through direct sales and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom.

Details
Name: Mimecast Limited
53M
Exchange: DB
Founded: 2003
$2,632,848,844
61,345,165
Website: http://www.mimecast.com
Address: Mimecast Limited
CityPoint,
One Ropemaker Street,
London,
Greater London, EC2Y 9AW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MIME Ordinary Shares Nasdaq Global Select US USD 19. Nov 2015
DB 53M Ordinary Shares Deutsche Boerse AG DE EUR 19. Nov 2015
Number of employees
Current staff
Staff numbers
1,495
Mimecast employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 22:10
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.