NasdaqGS:BCOV

Stock Analysis Report

Executive Summary

Brightcove Inc. provides cloud-based services for video.

Snowflake

Fundamentals

Excellent balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Brightcove's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.1%

BCOV

-4.6%

US IT

0.07%

US Market


1 Year Return

26.3%

BCOV

19.0%

US IT

8.9%

US Market

Return vs Industry: BCOV exceeded the US IT industry which returned 19% over the past year.

Return vs Market: BCOV exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

BCOVIndustryMarket
7 Day-5.1%-4.6%0.07%
30 Day-5.9%-3.7%-0.3%
90 Day-17.8%-7.8%-1.6%
1 Year26.3%26.3%20.2%19.0%11.3%8.9%
3 Year-17.6%-17.6%88.3%80.6%46.3%36.8%
5 Year84.1%84.1%136.9%115.2%62.1%44.3%

Price Volatility Vs. Market

How volatile is Brightcove's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brightcove undervalued compared to its fair value and its price relative to the market?

5.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BCOV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BCOV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BCOV is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: BCOV is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BCOV is overvalued based on its PB Ratio (5.2x) compared to the US IT industry average (4.2x).


Next Steps

Future Growth

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

104.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: BCOV's revenue (11.2% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: BCOV's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BCOV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Brightcove performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BCOV is unprofitable, and losses have increased over the past 5 years at a rate of -8.1% per year.

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

Earnings vs Industry: BCOV is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (9.8%).


Return on Equity

High ROE: BCOV has a negative Return on Equity (-25.44%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: BCOV is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BCOV is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Brightcove's financial position?


Financial Position Analysis

Short Term Liabilities: BCOV's short term assets ($69.5M) do not cover its short term liabilities ($85.1M)

Long Term Liabilities: BCOV's short term assets (69.5M) exceeds its long term liabilities (12.4M)


Debt to Equity History and Analysis

Debt Level: BCOV is debt free.

Reducing Debt: BCOV had no debt 5 years ago.


Balance Sheet

Inventory Level: BCOV has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BCOV's debt is covered by short term assets.


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: BCOV has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BCOV has sufficient cash runway for 2.874845 years if free cash flow continues to reduce at historical rates of -63.7% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BCOV's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Jeff Ray (64yo)

1.5yrs

Tenure

US$2,804,395

Compensation

Mr. Hugh Jefferson Ray III, also Known as Jeff, has been Chief Executive Officer and Director of Brightcove Inc. since April 11, 2018. Mr. Ray served as the Chief Executive Officer and President at Ellucia ...


CEO Compensation Analysis

Compensation vs. Market: Jeff has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Jeff's compensation with company performance.


Management Age and Tenure

1.5yrs

Average Tenure

50.5yo

Average Age

Experienced Management: BCOV's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

64yo

Average Age

Experienced Board: BCOV's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyUS$599,05030 Jul 19
Tenzing Global Management LLC
EntityCompany
Shares50,000
Max PriceUS$11.98
BuyUS$3,764,62007 Mar 19
Tenzing Global Management LLC
EntityCompany
Shares442,106
Max PriceUS$8.93
BuyUS$42,25025 Feb 19
Hugh Ray
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares5,000
Max PriceUS$8.45
BuyUS$2,155,00001 Feb 19
Tenzing Global Management LLC
EntityCompany
Shares282,894
Max PriceUS$8.00
SellUS$10,53113 Dec 18
David Plotkin
EntityIndividual
Role
Chief Legal Officer
Chief Legal Officer
Shares1,455
Max PriceUS$7.24
SellUS$103,88009 Nov 18
Deborah Besemer
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares14,000
Max PriceUS$7.42

Ownership Breakdown


Management Team

  • Jon Corley (50yo)

    Chief Technology Officer of Product & Operations

    • Tenure: 5.8yrs
  • Jeff Ray (64yo)

    CEO & Director

    • Tenure: 1.5yrs
    • Compensation: US$2.80m
  • Caren Cioffi

    EVP & GM of Digital Marketing

    • Tenure: 2.2yrs
  • David Plotkin (51yo)

    Chief Legal Officer

    • Tenure: 4.3yrs
    • Compensation: US$625.82k
  • Rick Hanson

    Chief Revenue Officer

    • Tenure: 0.8yrs
  • Billy O’Riordan

    Senior Vice President of International Sales

    • Tenure: 0.6yrs
  • Rob Noreck (43yo)

    Executive VP

    • Tenure: 1.4yrs
    • Compensation: US$672.75k
  • Charles Chu

    Chief Product Officer

    • Tenure: 1.3yrs
  • Sara Larsen

    Chief Marketing Officer

    • Tenure: 1.1yrs
  • Denise Grimley

    Senior Vice President of Customer Experience

    • Tenure: 2.1yrs

Board Members

  • Scott Kurnit (65yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$132.44k
  • Diane Hessan (64yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$130.69k
  • Tom Wheeler (72yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: US$214.33k
  • Deb Besemer (64yo)

    Independent Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: US$146.19k
  • Gary Haroian (67yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$154.44k
  • Paul Vidich

    Member of Strategic Advisory Board

    • Tenure: 0yrs
  • Jeff Ray (64yo)

    CEO & Director

    • Tenure: 1.5yrs
    • Compensation: US$2.80m
  • Jeff Jarvis

    Member of Strategic Advisory Board

    • Tenure: 0yrs
  • Kristin Frank (54yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$212.53k

Company Information

Brightcove Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brightcove Inc.
  • Ticker: BCOV
  • Exchange: NasdaqGS
  • Founded: 2004
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: US$375.514m
  • Shares outstanding: 38.28m
  • Website: https://www.brightcove.com

Number of Employees


Location

  • Brightcove Inc.
  • 290 Congress Street
  • 4th Floor
  • Boston
  • Massachusetts
  • 2210
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCOVNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2012
2BVDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2012

Biography

Brightcove Inc. provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The compan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:22
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.