company background image
BASE

Couchbase NasdaqGS:BASE Stock Report

Last Price

US$16.70

Market Cap

US$744.0m

7D

2.5%

1Y

n/a

Updated

29 Jun, 2022

Data

Company Financials +
BASE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

BASE Stock Overview

Couchbase, Inc. provides a database for enterprise applications worldwide.

Couchbase Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Couchbase
Historical stock prices
Current Share PriceUS$16.70
52 Week HighUS$52.26
52 Week LowUS$11.68
Beta0
1 Month Change18.19%
3 Month Change-4.13%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-45.07%

Recent News & Updates

Jun 23

Couchbase: A Strong Database Play But Watch Out For Profitability

Couchbase is a database company that is seeing success in evolving its products to the cloud. The way the company has designed its database is resulting in better revenue growth than competitors since the beginning of 2022. However, this remains a loss-making company, and with profitability being a critical criterion during high inflation times, there are risks that the stock could suffer from downside if margins fall. Still, given product strength, cash position, and the significant backlog, together with the ability to generate recurring revenues, this is a stock to be put on your watchlist. Watch out for the company's ability to cut down on operating losses before investing.

Shareholder Returns

BASEUS SoftwareUS Market
7D2.5%2.6%1.6%
1Yn/a-22.4%-20.8%

Return vs Industry: Insufficient data to determine how BASE performed against the US Software industry.

Return vs Market: Insufficient data to determine how BASE performed against the US Market.

Price Volatility

Is BASE's price volatile compared to industry and market?
BASE volatility
BASE Average Weekly Movement13.5%
Software Industry Average Movement11.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: BASE is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: BASE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2008659Matt Cainhttps://www.couchbase.com

Couchbase, Inc. provides a database for enterprise applications worldwide. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.

Couchbase Fundamentals Summary

How do Couchbase's earnings and revenue compare to its market cap?
BASE fundamental statistics
Market CapUS$744.00m
Earnings (TTM)-US$64.90m
Revenue (TTM)US$130.44m

5.7x

P/S Ratio

-11.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BASE income statement (TTM)
RevenueUS$130.44m
Cost of RevenueUS$16.04m
Gross ProfitUS$114.40m
Other ExpensesUS$179.30m
Earnings-US$64.90m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.46
Gross Margin87.70%
Net Profit Margin-49.76%
Debt/Equity Ratio0%

How did BASE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BASE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BASE?

Other financial metrics that can be useful for relative valuation.

BASE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.2x
Enterprise Value/EBITDA-9.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BASE's PS Ratio compare to its peers?

BASE PS Ratio vs Peers
The above table shows the PS ratio for BASE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.7x
API Agora
4.7x21.9%US$778.7m
RSKD Riskified
3.3x22.5%US$782.1m
MARA Marathon Digital Holdings
3.2x52.5%US$616.6m
MTLS Materialise
3.5x12.2%US$787.9m
BASE Couchbase
5.7x20.0%US$744.0m

Price-To-Sales vs Peers: BASE is expensive based on its Price-To-Sales Ratio (5.7x) compared to the peer average (3.7x).


Price to Earnings Ratio vs Industry

How does BASE's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: BASE is expensive based on its Price-To-Sales Ratio (5.7x) compared to the US Software industry average (4.4x)


Price to Sales Ratio vs Fair Ratio

What is BASE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BASE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.7x
Fair PS Ratio7.1x

Price-To-Sales vs Fair Ratio: BASE is good value based on its Price-To-Sales Ratio (5.7x) compared to the estimated Fair Price-To-Sales Ratio (7.1x).


Share Price vs Fair Value

What is the Fair Price of BASE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BASE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BASE's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BASE's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Couchbase forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BASE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BASE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BASE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BASE's revenue (20% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: BASE's revenue (20% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BASE is forecast to be unprofitable in 3 years.


Discover growth companies

Past Performance

How has Couchbase performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-33.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: BASE is currently unprofitable.

Growing Profit Margin: BASE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BASE's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare BASE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BASE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.1%).


Return on Equity

High ROE: BASE has a negative Return on Equity (-36.41%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Couchbase's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BASE's short term assets ($245.3M) exceed its short term liabilities ($84.8M).

Long Term Liabilities: BASE's short term assets ($245.3M) exceed its long term liabilities ($7.9M).


Debt to Equity History and Analysis

Debt Level: BASE is debt free.

Reducing Debt: BASE had no debt 5 years ago.


Balance Sheet


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.

Stable Cash Runway: BASE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BASE has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 21.6% each year


Discover healthy companies

Dividend

What is Couchbase current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BASE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BASE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BASE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BASE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BASE has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Matt Cain (43 yo)

5.17yrs

Tenure

US$6,299,591

Compensation

Mr. Matthew M. Cain, also known as Matt, has been the Chief Executive Officer at Couchbase, Inc. since April 12, 2017 and serves as its President since April 2017. Mr. Cain has been Executive Council of Te...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD6.30M) is above average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BASE's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: BASE's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: BASE only recently listed within the past 12 months.


Top Shareholders

Company Information

Couchbase, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Couchbase, Inc.
  • Ticker: BASE
  • Exchange: NasdaqGS
  • Founded: 2008
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$744.003m
  • Shares outstanding: 44.55m
  • Website: https://www.couchbase.com

Number of Employees


Location

  • Couchbase, Inc.
  • 3250 Olcott Street
  • Santa Clara
  • California
  • 95054
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


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.