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PFSweb

DB:PFW1
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PFW1
DB
$116M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

PFSweb, Inc. provides omni-channel commerce solutions in the United States, Europe, Canada, and India. The last earnings update was 105 days ago. More info.


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PFW1 Share Price and Events
7 Day Returns
-1.7%
DB:PFW1
4.9%
DE IT
2.2%
DE Market
1 Year Returns
-11.4%
DB:PFW1
2.5%
DE IT
-11%
DE Market
PFW1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PFSweb (PFW1) -1.7% 0% -6.9% -11.4% -52.6% -14.9%
DE IT 4.9% -21% -10.3% 2.5% 125.2% 187.2%
DE Market 2.2% 2.7% 1.6% -11% 13.6% 6.8%
1 Year Return vs Industry and Market
  • PFW1 underperformed the IT industry which returned 2.5% over the past year.
Price Volatility
PFW1
Industry
5yr Volatility vs Market
Related Companies

PFW1 Value

 Is PFSweb 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 PFSweb 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    Our calculation method for this is changing soon.

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

DB:PFW1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:PFW1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
IT Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.779 (1 + (1- 21%) (37.24%))
1.009
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.009 * 9.77%)
10.08%

Discounted Cash Flow Calculation for DB:PFW1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PFSweb is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:PFW1 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 9.81 10.57 11.39 12.27 13.23
Source Analyst x1 Est @ 7.76% Est @ 7.76% Est @ 7.76% Est @ 7.76%
Present Value
Discounted (@ 10.08%)
8.91 8.72 8.54 8.36 8.18
Present value of next 5 years cash flows $42.71
DB:PFW1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $13.23 × (1 + 0.23%) ÷ (10.08% – 0.23%)
$134.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $134.49 ÷ (1 + 10.08%)5
$83.19
DB:PFW1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $42.71 + $83.19
$125.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $125.90 / 19.26
$5.71
DB:PFW1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PFW1 represents 0.87375x of NasdaqCM:PFSW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87375x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.54 x 0.87375
€5.71
Value per share (EUR) From above. €5.71
Current discount Discount to share price of €5.26
= -1 x (€5.26 - €5.71) / €5.71
7.9%

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

Current Discount
Amount off the current price PFSweb is available for.
Intrinsic value
8%
Share price is €5.26 vs Future cash flow value of €5.71
Current Discount Checks
For PFSweb to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PFSweb's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • PFSweb's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 PFSweb's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PFSweb's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PFW1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.08
NasdaqCM:PFSW Share Price ** NasdaqCM (2019-02-21) in USD $6.02
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 24.87x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.09x

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

** Primary Listing of PFSweb.

DB:PFW1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:PFSW Share Price ÷ EPS (both in USD)

= 6.02 ÷ 0.08

75.75x

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

  • PFSweb is overvalued based on earnings compared to the DE IT industry average.
  • PFSweb is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does PFSweb's expected growth come at a high price?
Raw Data
DB:PFW1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 75.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
123.3%per year
Germany IT Industry PEG Ratio Median Figure of 15 Publicly-Listed IT Companies 1.39x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:PFW1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 75.75x ÷ 123.3%

0.61x

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

  • PFSweb is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PFSweb's assets?
Raw Data
DB:PFW1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $2.19
NasdaqCM:PFSW Share Price * NasdaqCM (2019-02-21) in USD $6.02
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.8x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.8x
DB:PFW1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:PFSW Share Price ÷ Book Value per Share (both in USD)

= 6.02 ÷ 2.19

2.75x

* Primary Listing of PFSweb.

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

  • PFSweb is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess PFSweb'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. PFSweb has a total score of 2/6, 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.

PFW1 Future Performance

 How is PFSweb expected to perform in the next 1 to 3 years based on estimates from 4 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
123.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PFSweb expected to grow at an attractive rate?
  • PFSweb's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • PFSweb's earnings growth is expected to exceed the Germany market average.
  • PFSweb's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PFW1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PFW1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 123.3%
DB:PFW1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.9%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24.3%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 16.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:PFW1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PFW1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 330 21 5 4
2018-12-31 324 14 1 4
DB:PFW1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 267 20 2
2018-06-30 269 10 2
2018-03-31 272 17 0
2017-12-31 274 11 -4
2017-09-30 281 17 -11
2017-06-30 283 14 -12
2017-03-31 281 22 -12
2016-12-31 275 13 -8
2016-09-30 266 12 -5
2016-06-30 260 20 -7
2016-03-31 250 19 -7
2015-12-31 241 23 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PFSweb's earnings are expected to grow significantly at over 20% yearly.
  • PFSweb's revenue is expected to grow by 6.9% 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:PFW1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from PFSweb Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PFW1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.26 0.28 0.24 4.00
2018-12-31 0.08 0.09 0.06 4.00
DB:PFW1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.08
2018-06-30 0.11
2018-03-31 0.01
2017-12-31 -0.21
2017-09-30 -0.59
2017-06-30 -0.64
2017-03-31 -0.62
2016-12-31 -0.41
2016-09-30 -0.25
2016-06-30 -0.40
2016-03-31 -0.39
2015-12-31 -0.45

*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.
  • Unable to establish if PFSweb will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PFSweb'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.
PFSweb 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.

PFW1 Past Performance

  How has PFSweb 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 PFSweb's growth in the last year to its industry (IT).
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.
  • PFSweb's year on year earnings growth rate has been positive over the past 5 years.
  • PFSweb has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • PFSweb has become profitable in the last year making it difficult to compare the DE IT industry average.
Earnings and Revenue History
PFSweb'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 PFSweb Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PFW1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 266.51 1.52 75.55
2018-06-30 269.25 2.11 74.54
2018-03-31 271.91 0.14 75.52
2017-12-31 274.24 -3.96 76.58
2017-09-30 281.27 -11.11 77.96
2017-06-30 282.62 -12.05 76.43
2017-03-31 280.52 -11.63 72.97
2016-12-31 274.86 -7.53 68.80
2016-09-30 265.72 -4.57 67.94
2016-06-30 260.21 -7.20 66.42
2016-03-31 250.40 -6.92 62.12
2015-12-31 240.83 -7.86 57.48
2015-09-30 232.14 -5.16 52.26
2015-06-30 220.94 -4.01 48.14
2015-03-31 213.71 -4.51 46.65
2014-12-31 209.67 -4.63 44.76
2014-09-30 199.17 -7.14 45.41
2014-06-30 195.82 -6.57 45.00
2014-03-31 199.80 -5.13 44.26
2013-12-31 203.96 -5.89 43.74
2013-09-30 212.07 -4.83 42.71
2013-06-30 222.40 -3.25 41.95
2013-03-31 230.73 -2.80 40.32
2012-12-31 240.17 -1.51 39.72
2012-09-30 249.44 -1.08 38.32
2012-06-30 254.58 -2.56 37.80
2012-03-31 256.54 -3.28 38.13

*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.
  • PFSweb has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PFSweb used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • PFSweb has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PFSweb'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 IT 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.
PFSweb has a total score of 2/6, 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.

PFW1 Health

 How is PFSweb'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 PFSweb's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PFSweb is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PFSweb's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PFSweb'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 1.9x 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 PFSweb Company Filings, last reported 4 months ago.

DB:PFW1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 42.22 43.18 14.26
2018-06-30 42.24 45.87 13.62
2018-03-31 41.70 42.70 16.65
2017-12-31 41.30 47.33 19.08
2017-09-30 37.29 51.18 12.77
2017-06-30 35.87 53.75 19.13
2017-03-31 35.99 53.02 15.64
2016-12-31 40.28 59.70 24.43
2016-09-30 43.86 60.42 15.70
2016-06-30 44.50 55.03 16.69
2016-03-31 43.85 36.95 15.64
2015-12-31 43.76 35.39 21.78
2015-09-30 43.52 38.38 13.00
2015-06-30 39.02 17.36 15.72
2015-03-31 38.28 22.30 14.77
2014-12-31 40.11 10.91 18.13
2014-09-30 36.56 21.90 19.50
2014-06-30 38.63 20.69 23.20
2014-03-31 40.04 19.92 23.75
2013-12-31 40.93 20.91 22.42
2013-09-30 38.35 12.29 21.29
2013-06-30 39.28 13.16 21.64
2013-03-31 25.54 23.95 17.95
2012-12-31 28.05 22.06 19.63
2012-09-30 26.95 24.84 17.79
2012-06-30 26.80 25.48 17.11
2012-03-31 27.40 20.05 18.17
  • PFSweb's level of debt (102.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.3% vs 102.3% today).
  • Debt is well covered by operating cash flow (46.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess PFSweb'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. PFSweb has a total score of 3/6, 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.

PFW1 Dividends

 What is PFSweb'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 PFSweb dividends.
If you bought €2,000 of PFSweb 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 PFSweb's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PFSweb'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:PFW1 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 4 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:PFW1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as PFSweb has not reported any payouts.
  • Unable to verify if PFSweb's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PFSweb's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PFSweb has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PFSweb's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 PFSweb afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PFSweb 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.

PFW1 Management

 What is the CEO of PFSweb'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
Mike Willoughby
COMPENSATION $1,803,543
AGE 54
TENURE AS CEO 5.9 years
CEO Bio

Mr. Michael G. Willoughby, also known as Mike, has been the Chief Executive Officer of PFSweb Inc. since March 26, 2013. Mr. Willoughby has been instrumental in the acquisition, development, integration and support of PFSweb's world-class technologies and he continues to have a key role in the architecture of its solution and service offerings. He served as President at PFSweb Inc. since September 2010. He worked to re-engineer the PFSweb's business development area to leverage a highly team-oriented business development model to substantially improve the predictability, scalability and sustainability of its sales and marketing efforts. He served as the Chief Information Officer at Pfsweb Inc. since October 2001 and served as its President of Priority Fulfillment Services from February 2006 to September 2010. He served as Vice President of E-Commerce Technologies at PFSweb Inc. from 1999 to 2001 and served as its Executive Vice President since October 2001. He founded Design Technologies Inc and served as its President and Chief Executive Officer from 1994 to 1999. He founded Integration Services Inc and served as its Chief Executive Officer and President. He has been a Director at PFSweb Inc. since March 26, 2013. He is a very active member of the community, serving as a leader in his church and participating in several boards and councils including the CEO Forum. He serves on the Dean's Advisory Council for the College of Business Administration at Abilene Christian University and the Visiting Committee for the ACU iSchool. He is a featured guest speaker for the ACU College of Business and has taught a senior-level Digital Marketing Class featuring PFSweb's digital marketing capabilities, subject matter experts and a PFSweb client case study. He is an active teacher and writer contributing frequently to the PFSweb blog, Perspectives and publishes Intersections, a blog on the topic of faith-based service in the workplace, church, home and community. Mr. Willoughby is a graduate of Abilene Christian University where he received a Bachelor of Business Administration in Information Systems in 1986. He received the Distinguished Alumni Citation from ACU in 2011.

CEO Compensation
  • Mike's compensation has increased in line with PFSweb recently becoming profitable.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

2.8
Average Tenure
50
Average Age
  • The tenure for the PFSweb management team is about average.
Management Team

Mike Willoughby

TITLE
CEO & Director
COMPENSATION
$2M
AGE
54
TENURE
5.9 yrs

Tom Madden

TITLE
Executive VP and Chief Financial & Accounting Officer
COMPENSATION
$1M
AGE
56
TENURE
20.1 yrs

Christopher Hess

TITLE
Chief Revenue Officer
COMPENSATION
$632K
AGE
46
TENURE
1.3 yrs

R. Thomann

TITLE
Executive VP & GM
COMPENSATION
$476K
AGE
36
TENURE
2.8 yrs

Mark Fuentes

TITLE
Senior VP & Chief Information Officer
AGE
50
TENURE
2.8 yrs

Melanie Klint

TITLE
VP, General Counsel & Secretary

Laura Osborne

TITLE
Corporate Communications Manager

Latrice Bryant-Robinson

TITLE
Vice President of Human Resources
TENURE
1.1 yrs

Joe Farrell

TITLE
VP & MD of International Operations
TENURE
5.3 yrs

Christopher McComas

TITLE
Senior Vice President of Operations
Board of Directors Tenure

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

5.8
Average Tenure
54
Average Age
  • The tenure for the PFSweb board of directors is about average.
Board of Directors

Jim Reilly

TITLE
Chairman of the Board
COMPENSATION
$100K
AGE
59
TENURE
5.9 yrs

Mike Willoughby

TITLE
CEO & Director
COMPENSATION
$2M
AGE
54
TENURE
5.9 yrs

Dave Beatson

TITLE
Independent Director
COMPENSATION
$100K
AGE
70
TENURE
18.3 yrs

Monica Luechtefeld

TITLE
Independent Director
COMPENSATION
$100K
AGE
69
TENURE
4.8 yrs

Ben Rosenzweig

TITLE
Independent Director
COMPENSATION
$100K
AGE
33
TENURE
5.8 yrs

Shin Nagakura

TITLE
Independent Director
AGE
54
TENURE
5.8 yrs

Pete Stein

TITLE
Independent Director
COMPENSATION
$100K
AGE
48
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Dec 18 Buy Hoak & Co. Company 29. Oct 18 20. Dec 18 686,085 €6.33 €4,344,810
29. Aug 18 Sell Engine Capital Management, LLC Company 19. Jul 18 10. Aug 18 -17,500 €9.20 €-156,988
29. Aug 18 Buy Engine Capital Management, LLC Company 20. Aug 18 28. Aug 18 137,380 €7.27 €981,219
27. Jun 18 Sell Engine Capital Management, LLC Company 18. May 18 27. Jun 18 -496,926 €10.07 €-5,005,970
27. Jun 18 Buy Engine Capital Management, LLC Company 21. Jun 18 22. Jun 18 15,916 €8.83 €140,500
26. Jun 18 Sell Ancora Advisors, LLC Company 24. May 18 25. Jun 18 -607,676 €9.50 €-5,337,487
26. Jun 18 Buy Ancora Advisors, LLC Company 23. May 18 23. May 18 16,922 €8.77 €148,358
24. May 18 Buy Ancora Advisors, LLC Company 22. May 18 22. May 18 12,598 €8.59 €108,215
22. May 18 Sell Ancora Advisors, LLC Company 02. Apr 18 02. Apr 18 -5,173 €7.06 €-36,538
22. May 18 Buy Ancora Advisors, LLC Company 27. Mar 18 21. May 18 747,422 €8.64 €6,044,354
X
Management checks
We assess PFSweb'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. PFSweb 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.

PFW1 News

Simply Wall St News

PFW1 Company Info

Map
Description

PFSweb, Inc. provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics. It also provides technology services comprising commerce platform development, managed, quality assurance, and training services; order fulfillment services, including distribution facilities and infrastructure, facility operations and management, and kitting and assembly services; and order management services, such as technology collaboration and information management services. In addition, the company offers customer care services comprising customer service application, customer assistance, quality monitoring, and customer self-help; and financial services consisting of business-to-business and direct-to-consumer financial management services. The company serves clients in various industries, such as fashion apparel and accessories, fragrance and beauty products, consumer packaged goods, home furnishings and housewares, coins and collectibles, and technology products. PFSweb, Inc. was founded in 1999 and is headquartered in Allen, Texas.

Details
Name: PFSweb, Inc.
PFW1
Exchange: DB
Founded: 1999
$102,248,344
19,259,298
Website: http://www.pfsweb.com
Address: PFSweb, Inc.
505 Millennium Drive,
Allen,
Texas, 75013,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM PFSW Common Stock Nasdaq Capital Market US USD 02. Dec 1999
DB PFW1 Common Stock Deutsche Boerse AG DE EUR 02. Dec 1999
Number of employees
Current staff
Staff numbers
2,550
PFSweb employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 20:41
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2018/12/06
Last earnings filing: 2018/11/09
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.