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Pivotal Software

DB:PI0
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PI0
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Pivotal Software, Inc., together with its subsidiaries, provides a cloud-native application platform and services in the United States. The last earnings update was 40 days ago. More info.


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  • Pivotal Software has significant price volatility in the past 3 months.
PI0 Share Price and Events
7 Day Returns
-3.2%
DB:PI0
-1.3%
DE Software
-1%
DE Market
1 Year Returns
-59.3%
DB:PI0
17.3%
DE Software
-6.2%
DE Market
PI0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pivotal Software (PI0) -3.2% -5.3% -46.7% -59.3% - -
DE Software -1.3% 7.3% 20.7% 17.3% 71.6% 108.7%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • PI0 underperformed the Software industry which returned 17.3% over the past year.
  • PI0 underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

PI0 Value

 Is Pivotal Software 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 Pivotal Software 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 Pivotal Software.

DB:PI0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
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:PI0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
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- 21%) (5.31%))
1.112
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% + (1.112 * 5.96%)
6.86%

Discounted Cash Flow Calculation for DB:PI0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pivotal Software 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:PI0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.86%)
2020 -12.75 Analyst x2 -11.93
2021 41.95 Analyst x4 36.74
2022 115.60 Analyst x1 94.75
2023 164.80 Analyst x1 126.41
2024 225.60 Analyst x1 161.94
2025 274.98 Est @ 21.89% 184.72
2026 317.29 Est @ 15.39% 199.47
2027 351.69 Est @ 10.84% 206.91
2028 378.61 Est @ 7.66% 208.46
2029 399.17 Est @ 5.43% 205.67
Present value of next 10 years cash flows $1,413.13
DB:PI0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $399.17 × (1 + 0.23%) ÷ (6.86% – 0.23%)
$6,036.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,036.53 ÷ (1 + 6.86%)10
$3,110.40
DB:PI0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,413.13 + $3,110.40
$4,523.53
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,523.53 / 271.91
$16.64
DB:PI0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PI0 represents 0.89693x of NYSE:PVTL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89693x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 16.64 x 0.89693
€14.92
Value per share (EUR) From above. €14.92
Current discount Discount to share price of €9.05
= -1 x (€9.05 - €14.92) / €14.92
39.3%

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

Current Discount
Amount off the current price Pivotal Software is available for.
Intrinsic value
39%
Share price is €9.05 vs Future cash flow value of €14.92
Current Discount Checks
For Pivotal Software to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pivotal Software's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pivotal Software'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 Pivotal Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pivotal Software's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PI0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-03) in USD $-0.54
NYSE:PVTL Share Price ** NYSE (2019-07-16) in USD $10.09
Germany Software Industry PE Ratio Median Figure of 18 Publicly-Listed Software Companies 34.59x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

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

** Primary Listing of Pivotal Software.

DB:PI0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PVTL Share Price ÷ EPS (both in USD)

= 10.09 ÷ -0.54

-18.72x

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

  • Pivotal Software is loss making, we can't compare its value to the DE Software industry average.
  • Pivotal Software is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pivotal Software's expected growth come at a high price?
Raw Data
DB:PI0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
33.2%per year
Germany Software Industry PEG Ratio Median Figure of 13 Publicly-Listed Software Companies 2.22x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*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 Pivotal Software, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pivotal Software's assets?
Raw Data
DB:PI0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-03) in USD $4.82
NYSE:PVTL Share Price * NYSE (2019-07-16) in USD $10.09
Germany Software Industry PB Ratio Median Figure of 32 Publicly-Listed Software Companies 3.08x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:PI0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PVTL Share Price ÷ Book Value per Share (both in USD)

= 10.09 ÷ 4.82

2.09x

* Primary Listing of Pivotal Software.

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

  • Pivotal Software is good value based on assets compared to the DE Software industry average.
X
Value checks
We assess Pivotal Software'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. Pivotal Software 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.

PI0 Future Performance

 How is Pivotal Software expected to perform in the next 1 to 3 years based on estimates from 10 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
33.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pivotal Software expected to grow at an attractive rate?
  • Unable to compare Pivotal Software's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Pivotal Software's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Pivotal Software's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PI0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PI0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 33.2%
DB:PI0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 15.5%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 19.7%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
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:PI0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PI0 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 1,426 254 1
2023-01-31 1,231 189 1
2022-01-31 1,069 137 -47 4
2021-01-31 889 68 -105 10
2020-01-31 761 47 -142 10
DB:PI0 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-05-03 687 112 -141
2019-02-01 657 -5 -142
2018-11-02 622 -29 -140
2018-08-03 582 -33 -145
2018-05-04 544 -108 -144
2018-02-02 509 -116 -164
2017-02-03 416 -166 -233

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pivotal Software is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Pivotal Software's revenue is expected to grow by 15.5% 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:PI0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Pivotal Software Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PI0 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31 -0.15 -0.15 -0.15 1.00
2021-01-31 -0.38 -0.31 -0.45 4.00
2020-01-31 -0.54 -0.52 -0.56 4.00
DB:PI0 Past Financials Data
Date (Data in USD Millions) EPS *
2019-05-03 -0.54
2019-02-01 -0.64
2018-11-02 -0.44
2018-08-03 -0.53
2018-05-04 -1.85
2018-02-02 -2.38
2017-02-03 -3.45

*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.
  • Pivotal Software is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pivotal Software'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.
Pivotal Software has a total score of 1/6, 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.

PI0 Past Performance

  How has Pivotal Software 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 Pivotal Software'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.
  • Pivotal Software does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pivotal Software's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pivotal Software's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
Pivotal Software'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 Pivotal Software Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PI0 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-03 687.47 -141.13 383.91 208.23
2019-02-01 657.49 -141.90 365.69 196.41
2018-11-02 621.53 -140.21 346.67 184.35
2018-08-03 582.36 -144.71 325.20 172.70
2018-05-04 543.96 -144.48 303.37 165.36
2018-02-02 509.44 -163.52 288.39 160.95
2017-02-03 416.27 -232.54 256.32 152.12
2016-01-29 280.87 -282.55 245.76 120.49

*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 Pivotal Software has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pivotal Software 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 Pivotal Software 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 Pivotal Software'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.
Pivotal Software 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.

PI0 Health

 How is Pivotal Software'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 Pivotal Software's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pivotal Software is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pivotal Software's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pivotal Software'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.
  • Pivotal Software has no debt, it does not need to be covered by short term assets.
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 Pivotal Software Company Filings, last reported 2 months ago.

DB:PI0 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-03 1,311.99 0.00 854.22
2019-02-01 1,265.48 0.00 701.73
2018-11-02 1,252.34 0.00 664.80
2018-08-03 1,234.82 0.00 671.71
2018-05-04 1,248.57 0.00 645.47
2018-02-02 707.80 20.00 73.01
2017-02-03 757.68 0.00 133.87
2016-01-29 301.75 0.00 69.86
  • Pivotal Software has no debt.
  • Pivotal Software currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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 Pivotal Software has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Pivotal Software has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -129% per year.
X
Financial health checks
We assess Pivotal Software'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. Pivotal Software has a total score of 6/6, 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.

PI0 Dividends

 What is Pivotal Software'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 Pivotal Software dividends. Estimated to be 0% next year.
If you bought €2,000 of Pivotal Software 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 Pivotal Software's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pivotal Software'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:PI0 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 10 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 3.8%

Industry and Market average data is calculated daily.

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

DB:PI0 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31 0.00 2.00
2021-01-31 0.00 4.00
2020-01-31 0.00 4.00

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

  • Unable to perform a dividend volatility check as Pivotal Software has not reported any payouts.
  • Unable to verify if Pivotal Software's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pivotal Software's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pivotal Software has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Pivotal Software's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Pivotal Software'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 Pivotal Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pivotal Software 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.

PI0 Management

 What is the CEO of Pivotal Software'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
Rob Mee
COMPENSATION $10,850,269
AGE 55
TENURE AS CEO 3.9 years
CEO Bio

Mr. Robert C. Mee, also known as Rob, has been Chief Executive Officer and Director of Pivotal Software, Inc. since August 2015. Mr. Mee served as Senior Vice President for R&D & Pivotal Labs at Pivotal Software, Inc. since November 2014 until August 2015 and served as its Senior Vice President of Cloud Application Fabric & Pivotal Labs. Mr. Mee was part of Pivotal's founding team in April 2013. He co-founded Pivotal Labs, Inc. in 1989, served as Chief Executive Officer from 1989 to 2012 and President for 24 years. Prior to joining Pivotal, Mr. Mee led the Pivotal Labs Division at DellEMC, a data storage, information security, virtualization, analytics and cloud computing company, from 2012 to April 2013. He oversaw Pivotal Labs’ acquisition by EMC Corporation in March 2012 and served as Senior Vice President since April 2013, where he was responsible for the pivotal labs business unit. He served as Executive Vice President of products and research & development for Pivotal Software, Inc. from February 2015 to August 2015 and Senior Vice President of Products and Research & Development from April 2013 to August 2015 at Pivotal Software, Inc. He graduated from the University of California at Berkeley.

CEO Compensation
  • Insufficient data for Rob to compare compensation growth.
  • Rob's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pivotal Software management team in years:

6.3
Average Tenure
55
Average Age
  • The average tenure for the Pivotal Software management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paul Maritz

TITLE
Executive Chairman
COMPENSATION
$280K
AGE
64

Rob Mee

TITLE
CEO & Director
COMPENSATION
$11M
AGE
55
TENURE
3.9 yrs

Bill Cook

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
6.3 yrs

Scott Yara

TITLE
Senior Vice President of Products
COMPENSATION
$4M
AGE
45
TENURE
6.3 yrs

Cynthia Gaylor

TITLE
Senior VP & CFO
AGE
46
TENURE
3.2 yrs

Helyn Corcos

TITLE
Vice President of Investors Relations

Andy Cohen

TITLE
Senior VP
AGE
54
TENURE
6.3 yrs

David Oro

TITLE
Senior Director of Corporate Communications

Joe Militello

TITLE
Chief People Officer

Leo Spiegel

TITLE
Senior Vice President of Corporate Development & Strategy
AGE
55
Board of Directors Tenure

Average tenure and age of the Pivotal Software board of directors in years:

2.8
Average Tenure
57.5
Average Age
  • The average tenure for the Pivotal Software board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rob Mee

TITLE
CEO & Director
COMPENSATION
$11M
AGE
55
TENURE
3.9 yrs

Bill Green

TITLE
Director
COMPENSATION
$260K
AGE
65
TENURE
3.9 yrs

Paul Maritz

TITLE
Executive Chairman
COMPENSATION
$280K
AGE
64
TENURE
2.8 yrs

Marcy Klevorn

TITLE
Director
AGE
60
TENURE
3.2 yrs

Michael Dell

TITLE
Director
AGE
54
TENURE
2.8 yrs

Zane Rowe

TITLE
Director
AGE
48
TENURE
2.8 yrs

Egon Durban

TITLE
Director
AGE
46
TENURE
2.8 yrs

Madelyn Lankton

TITLE
Director
COMPENSATION
$251K
AGE
63
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Pivotal Software individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Jun 19 Sell Onsi Fakhouri Individual 24. Jun 19 24. Jun 19 -6,250 €9.96 €-62,224
21. Jun 19 Sell Andrew Cohen Individual 20. Jun 19 20. Jun 19 -4,240 €9.99 €-42,374
21. Jun 19 Sell Scott Yara Individual 20. Jun 19 20. Jun 19 -6,307 €10.08 €-63,559
21. Jun 19 Sell Robert Mee Individual 20. Jun 19 20. Jun 19 -21,135 €10.02 €-211,840
21. Jun 19 Sell Edward Hieatt Individual 20. Jun 19 20. Jun 19 -6,308 €10.08 €-63,573
21. Jun 19 Sell Cynthia Gaylor Individual 20. Jun 19 20. Jun 19 -6,297 €10.06 €-63,358
21. Jun 19 Sell Onsi Fakhouri Individual 20. Jun 19 20. Jun 19 -3,708 €10.02 €-37,158
21. Jun 19 Sell William Cook Individual 20. Jun 19 20. Jun 19 -12,736 €9.98 €-127,104
22. Mar 19 Sell Scott Yara Individual 20. Mar 19 20. Mar 19 -24,981 €17.45 €-436,013
22. Mar 19 Sell Andrew Cohen Individual 20. Mar 19 20. Mar 19 -11,783 €17.88 €-206,463
22. Mar 19 Sell Onsi Fakhouri Individual 20. Mar 19 20. Mar 19 -18,625 €17.48 €-325,641
22. Mar 19 Sell Cynthia Gaylor Individual 20. Mar 19 20. Mar 19 -17,594 €17.87 €-307,876
22. Mar 19 Sell William Cook Individual 20. Mar 19 20. Mar 19 -45,734 €17.87 €-799,126
22. Mar 19 Sell Robert Mee Individual 20. Mar 19 20. Mar 19 -75,716 €17.87 €-1,323,830
22. Mar 19 Sell Edward Hieatt Individual 20. Mar 19 20. Mar 19 -24,950 €17.87 €-436,006
14. Dec 18 Sell General Electric Company Company 12. Dec 18 12. Dec 18 -5,695,554 €15.14 €-86,237,294
08. Nov 18 Sell General Electric Company Company 06. Nov 18 06. Nov 18 -9,836,521 €15.42 €-151,690,171
X
Management checks
We assess Pivotal Software'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. Pivotal Software 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.

PI0 News

Simply Wall St News

PI0 Company Info

Description

Pivotal Software, Inc., together with its subsidiaries, provides a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating cloud-native and modern applications. The company also enables its customers to accelerate their adoption of a modern software development process and their business success using its platform through its strategic services, Pivotal Labs (Labs). Pivotal Software, Inc. markets and sells PCF and Labs through its sales force and ecosystem partners. The company was founded in 2013 and is headquartered in San Francisco, California.

Details
Name: Pivotal Software, Inc.
PI0
Exchange: DB
Founded: 2013
$2,446,196,963
271,913,141
Website: http://pivotal.io
Address: Pivotal Software, Inc.
875 Howard Street,
Fifth Floor,
San Francisco,
California, 94103,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PVTL Class A Common Stock New York Stock Exchange US USD 20. Apr 2018
DB PI0 Class A Common Stock Deutsche Boerse AG DE EUR 20. Apr 2018
LSE 0XO6 Class A Common Stock London Stock Exchange GB USD 20. Apr 2018
Number of employees
Current staff
Staff numbers
2,971
Pivotal Software employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 22:21
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/06/06
Last earnings reported: 2019/05/03
Last annual earnings reported: 2019/02/01


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.