Benefitfocus
Market Cap
US$757.9m
Last Updated
2019/10/17 00:23 UTC
Data Sources
Company Financials +
Executive Summary
Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, suppliers, and brokers in the United States.
Snowflake
Fundamentals
Overvalued with concerning outlook.
Similar Companies
Share Price & News
How has Benefitfocus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.5%
BNFT
0.5%
US Software
2.3%
US Market
1 Year Return
-27.5%
BNFT
19.6%
US Software
5.6%
US Market
Return vs Industry: BNFT underperformed the US Software industry which returned 19.6% over the past year.
Return vs Market: BNFT underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| BNFT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 0.5% | 2.3% |
| 30 Day | -9.0% | 0.05% | -1.0% |
| 90 Day | -12.1% | -3.8% | -0.7% |
| 1 Year | -27.5%-27.5% | 21.3%19.6% | 7.9%5.6% |
| 3 Year | -39.6%-39.6% | 120.2%111.6% | 45.6%36.3% |
| 5 Year | -10.7%-10.7% | 177.4%157.4% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Benefitfocus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Does Market Volatility Impact Benefitfocus, Inc.'s (NASDAQ:BNFT) Share Price?3 weeks ago | Simply Wall St
Read This Before Buying Benefitfocus, Inc. (NASDAQ:BNFT) Shares1 month ago | Simply Wall St
Imagine Owning Benefitfocus (NASDAQ:BNFT) And Wondering If The 42% Share Price Slide Is JustifiedValuation
Is Benefitfocus undervalued compared to its fair value and its price relative to the market?
33.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: BNFT ($23.18) is trading below our estimate of fair value ($34.81)
Significantly Undervalued: BNFT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BNFT is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: BNFT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate BNFT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BNFT has negative assets, so we can't compare its PB Ratio to the US Software industry average.
Next Steps
Future Growth
How is Benefitfocus forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
16.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BNFT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: BNFT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: BNFT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: BNFT's revenue (12.5% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: BNFT's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if BNFT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Benefitfocus performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BNFT is unprofitable, but has reduced losses over the past 5 years at a rate of 6.2% per year.
Accelerating Growth: Unable to compare BNFT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BNFT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19.1%).
Return on Equity
High ROE: BNFT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
ROA vs Industry: BNFT is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: BNFT is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Benefitfocus's financial position?
Financial Position Analysis
Short Term Liabilities: BNFT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BNFT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: BNFT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BNFT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: BNFT has a high level of physical assets or inventory.
Debt Coverage by Assets: BNFT has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: BNFT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BNFT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Benefitfocus's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate BNFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BNFT'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 BNFT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BNFT'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 BNFT'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 Benefitfocus's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
Ray August (57yo)
1.8yrs
Tenure
US$4,172,997
Compensation
Mr. Raymond Alexander August, also known as Ray, has been Chief Executive Officer of Benefitfocus, Inc. since January 1, 2018 and its President since March 2015. Mr. August has been a Director of Benefitfo ...
CEO Compensation Analysis
Compensation vs. Market: Ray has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Ray's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
1.8yrs
Average Tenure
57yo
Average Age
Experienced Management: BNFT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Age and Tenure
5.1yrs
Average Tenure
51.5yo
Average Age
Experienced Board: BNFT's board of directors are considered experienced (5.1 years average tenure).
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
| Entity | Individual |
| Role | Chief Accounting Officer Principal Financial and Accounting Officer |
| Shares | 1,019 |
| Max Price | US$27.52 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 3,200 |
| Max Price | US$31.15 |
| Entity | Company |
| Shares | 488,211 |
| Max Price | US$46.80 |
| Entity | Individual |
| Role | Chief Technology Officer Chief Technology Officer |
| Shares | 8,646 |
| Max Price | US$49.68 |
| Entity | Individual |
| Shares | 7,044 |
| Max Price | US$49.68 |
| Entity | Company |
| Shares | 3,254,735 |
| Max Price | US$46.80 |
Ownership Breakdown
Management Team
Steve Swad (57yo)
Chief Financial Officer
- Tenure: 0.3yrs
- Compensation: US$195.15k
Andy Howell (52yo)
Senior Vice President of Community & Legal
- Tenure: 0.6yrs
- Compensation: US$2.02m
Annmarie Fini
Senior Vice President of Customer Success Organization
- Tenure: 0yrs
Mason Holland (54yo)
Co-Founder & Executive Chairman
- Tenure: 19.3yrs
- Compensation: US$1.05m
Ray August (57yo)
CEO, President & Director
- Tenure: 1.8yrs
- Compensation: US$4.17m
Jim Restivo (58yo)
Chief Technology Officer
- Tenure: 3.8yrs
- Compensation: US$1.25m
Michael Bauer
Investor Relations
- Tenure: 4.8yrs
Debi Stafford
Senior Vice President of Human Resources
- Tenure: 1.8yrs
Lou Gilmore (62yo)
Principal Financial and Accounting Officer
- Tenure: 0.3yrs
Steve Malme
Senior VP of Platform Strategy
- Tenure: 0.3yrs
Board Members
A. Napier (49yo)
Independent Director
- Tenure: 5.1yrs
- Compensation: US$185.02k
Doug Dennerline (60yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$187.65k
Mason Holland (54yo)
Co-Founder & Executive Chairman
- Tenure: 19.3yrs
- Compensation: US$1.05m
Ray August (57yo)
CEO, President & Director
- Tenure: 1.8yrs
- Compensation: US$4.17m
Frank Pelzer (49yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$206.27k
Ana White (46yo)
Independent Director
- Tenure: 0.8yrs
Company Information
Benefitfocus, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Benefitfocus, Inc.
- Ticker: BNFT
- Exchange: NasdaqGM
- Founded: 2000
- Industry: Application Software
- Sector: Software
- Market Cap: US$757.916m
- Shares outstanding: 32.70m
- Website: https://www.benefitfocus.com
Number of Employees
Location
- Benefitfocus, Inc.
- 100 Benefitfocus Way
- Charleston
- South Carolina
- 29492
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BNFT | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Sep 2013 |
| BTF | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 2013 |
Biography
Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, suppliers, and brokers in the United States. The company operates through Employer and Car ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 00:23 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.