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BCOV

Brightcove NasdaqGS:BCOV Stock Report

Last Price

US$6.90

Market Cap

US$286.7m

7D

8.5%

1Y

-52.2%

Updated

26 Jun, 2022

Data

Company Financials +
BCOV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BCOV Stock Overview

Brightcove Inc. provides cloud-based services for video.

Brightcove Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Brightcove
Historical stock prices
Current Share PriceUS$6.90
52 Week HighUS$14.80
52 Week LowUS$6.34
Beta0.80
1 Month Change0.88%
3 Month Change-9.33%
1 Year Change-52.15%
3 Year Change-33.20%
5 Year Change11.29%
Change since IPO-51.75%

Recent News & Updates

May 21

Brightcove: Operating In A Tough Spot

Since peaking in early 2021, Brightcove's share price has plummeted almost 70% from its all-time high. After enjoying a massive tailwind in 2020, the video software company is now in a tough spot as the pandemic wanes and competition increases significantly. The company financials are deteriorating very quickly with revenue, gross profit, and important KPIs such as ARPU all turning south. It is now trading at a significant discount compared to its peers but I believe the company is a sell as fundamentals and financials are very weak at the moment.

Shareholder Returns

BCOVUS ITUS Market
7D8.5%8.9%6.6%
1Y-52.2%-32.0%-18.4%

Return vs Industry: BCOV underperformed the US IT industry which returned -32.2% over the past year.

Return vs Market: BCOV underperformed the US Market which returned -18.5% over the past year.

Price Volatility

Is BCOV's price volatile compared to industry and market?
BCOV volatility
BCOV Average Weekly Movement6.8%
IT Industry Average Movement10.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: BCOV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BCOV's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004678Marc DeBevoisehttps://www.brightcove.com

Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on multiple monetization models; Brightcove Player, a video player technology with a cloud-based service for creating and managing experiences; and Zencoder, a cloud-based video encoding technology.

Brightcove Fundamentals Summary

How do Brightcove's earnings and revenue compare to its market cap?
BCOV fundamental statistics
Market CapUS$286.71m
Earnings (TTM)-US$1.37m
Revenue (TTM)US$209.66m

1.4x

P/S Ratio

-209.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCOV income statement (TTM)
RevenueUS$209.66m
Cost of RevenueUS$72.84m
Gross ProfitUS$136.82m
Other ExpensesUS$138.19m
Earnings-US$1.37m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.033
Gross Margin65.26%
Net Profit Margin-0.65%
Debt/Equity Ratio0%

How did BCOV perform over the long term?

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

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 BCOV?

Other financial metrics that can be useful for relative valuation.

BCOV 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/Revenue1.4x
Enterprise Value/EBITDA57.4x
PEG Ration/a

Price to Sales Ratio vs Peers

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

BCOV PS Ratio vs Peers
The above table shows the PS ratio for BCOV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.7x

Price-To-Sales vs Peers: BCOV is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1.7x).


Price to Earnings Ratio vs Industry

How does BCOV's PE Ratio compare vs other companies in the U.S. IT Industry?

Price-To-Sales vs Industry: BCOV is good value based on its Price-To-Sales Ratio (1.4x) compared to the US IT industry average (2.5x)


Price to Sales Ratio vs Fair Ratio

What is BCOV'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.

BCOV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: BCOV is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


Share Price vs Fair Value

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

Below Fair Value: BCOV ($6.9) is trading above our estimate of fair value ($6.33)

Significantly Below Fair Value: BCOV is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


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Future Growth

How is Brightcove forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


81.6%

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 (3.7% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: BCOV's revenue (3.7% 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


Discover growth companies

Past Performance

How has Brightcove 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


33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCOV is currently unprofitable.

Growing Profit Margin: BCOV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BCOV is unprofitable, but has reduced losses over the past 5 years at a rate of 33.4% 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 (21.4%).


Return on Equity

High ROE: BCOV has a negative Return on Equity (-1.37%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Brightcove's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BCOV's short term assets ($82.6M) do not cover its short term liabilities ($103.9M).

Long Term Liabilities: BCOV's short term assets ($82.6M) exceed its long term liabilities ($22.9M).


Debt to Equity History and Analysis

Debt Level: BCOV is debt free.

Reducing Debt: BCOV has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.


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: Whilst unprofitable BCOV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BCOV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25% per year.


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Dividend

What is Brightcove 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 BCOV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BCOV'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 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.


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 BCOV has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Marc DeBevoise (44 yo)

0.25

Tenure

Mr. Marc DeBevoise has been the Chief Executive Officer and Board Director of Brightcove Inc. since March 28, 2022. He serves as Vice Chairman and President at Argus Capital Corp. since September 24, 2021....


Leadership Team

Experienced Management: BCOV's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: BCOV's board of directors are considered experienced (4.2 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.


Top Shareholders

Company Information

Brightcove Inc.'s 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
  • Implied Market Cap: US$286.709m
  • Shares outstanding: 41.55m
  • Website: https://www.brightcove.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.