Benefitfocus
Market Cap
US$471.5m
Last Updated
2021/05/18 03:18 UTC
Data Sources
Company Financials +
Executive Summary
Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans in the United States. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Adequate balance sheet and overvalued.
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
Stable Share Price: BNFT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BNFT's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
5.5%
BNFT
0.2%
US Software
-0.6%
US Market
1 Year Return
45.8%
BNFT
36.6%
US Software
46.0%
US Market
Return vs Industry: BNFT exceeded the US Software industry which returned 36.6% over the past year.
Return vs Market: BNFT matched the US Market which returned 46% over the past year.
Shareholder returns
| BNFT | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.5% | 0.2% | -0.6% |
| 30 Day | 1.0% | -7.1% | -1.8% |
| 90 Day | -13.2% | -7.6% | 0.2% |
| 1 Year | 45.8%45.8% | 37.5%36.6% | 48.4%46.0% |
| 3 Year | -59.7%-59.7% | 123.5%117.2% | 60.5%50.4% |
| 5 Year | -58.7%-58.7% | 294.8%274.8% | 125.9%100.9% |
Long-Term 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
2 weeks ago | Simply Wall St
Benefitfocus (NASDAQ:BNFT) Is Doing The Right Things To Multiply Its Share Price1 month ago | Simply Wall St
Is Benefitfocus (NASDAQ:BNFT) Using Too Much Debt?2 months ago | Simply Wall St
At US$14.81, Is Benefitfocus, Inc. (NASDAQ:BNFT) Worth Looking At Closely?Valuation
Is Benefitfocus undervalued compared to its fair value and its price relative to the market?
19.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BNFT ($14.21) is trading below our estimate of fair value ($17.62)
Significantly Below Fair Value: 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 US 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
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.
Future Growth
How is Benefitfocus forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.8%
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 (2.7% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: BNFT's revenue (2.7% 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 BNFT's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Benefitfocus performed over the past 5 years?
7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BNFT is currently unprofitable.
Growing Profit Margin: BNFT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BNFT is unprofitable, but has reduced losses over the past 5 years at a rate of 7.9% 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 (23.2%).
Return on Equity
High ROE: BNFT has a negative Return on Equity (-53.39%), as it is currently unprofitable.
Financial Health
How is Benefitfocus's financial position?
Financial Position Analysis
Short Term Liabilities: BNFT's short term assets ($234.1M) exceed its short term liabilities ($60.7M).
Long Term Liabilities: BNFT's short term assets ($234.1M) do not cover its long term liabilities ($272.4M).
Debt to Equity History and Analysis
Debt Level: BNFT's debt to equity ratio (654.9%) is considered high.
Reducing Debt: BNFT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 BNFT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BNFT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.2% per year.
Dividend
What is Benefitfocus's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BNFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BNFT'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 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
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Matt Levin (47 yo)
no data
Tenure
Mr. Matthew C. Levin, also known as Matt, serves as President, Chief Executive Officer and Director of Benefitfocus, Inc. since May 10, 2021. Mr. Levin had been Chief Strategy Officer at Automatic Data Pro...
Leadership Team
Experienced Management: BNFT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
Experienced Board: BNFT's board of directors are considered experienced (3.8 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 3.5%.
Top Shareholders
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$471.499m
- Shares outstanding: 33.18m
- Website: https://www.benefitfocus.com
Number of Employees
Location
- Benefitfocus, Inc.
- 100 Benefitfocus Way
- Charleston
- South Carolina
- 29492
- United States
Listings
Biography
Benefitfocus, Inc. provides cloud-based benefits management technology solutions for employers and health plans in the United States. Its products for employers comprise Benefitplace, a cloud-based benefit...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/18 03:18 |
| End of Day Share Price | 2021/05/17 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.