NasdaqGM:CARB

Stock Analysis Report

Executive Summary

Carbonite, Inc., together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States.

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Risks

  • Carbonite has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.7%

NasdaqGM:CARB

-2.5%

US IT

1.3%

US Market


1 Year Return

-61.5%

NasdaqGM:CARB

15.9%

US IT

2.0%

US Market

CARB underperformed the IT industry which returned 15.2% over the past year.

CARB underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

CARBIndustryMarket
7 Day4.7%-2.5%1.3%
30 Day7.1%0.2%3.9%
90 Day-34.3%3.3%3.4%
1 Year-61.5%-61.5%17.2%15.9%4.2%2.0%
3 Year9.3%9.3%99.4%91.0%47.2%37.6%
5 Year47.2%47.2%140.7%116.4%60.5%42.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Carbonite undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Carbonite's share price is below the future cash flow value, and at a moderate discount (> 20%).

Carbonite's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Carbonite is loss making, we can't compare its value to the US IT industry average.

Carbonite is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Carbonite, we can't assess if its growth is good value.


Price Based on Value of Assets

Carbonite is good value based on assets compared to the US IT industry average.


Next Steps

Future Growth

How is Carbonite expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

160.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Carbonite's revenue is expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).

Carbonite's earnings are expected to grow significantly at over 20% yearly.

Carbonite's revenue growth is expected to exceed the United States of America market average.

Carbonite's earnings growth is expected to exceed the United States of America market average.

Carbonite's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Carbonite will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Carbonite performed over the past 5 years?

38.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Carbonite does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Carbonite's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Carbonite's 1-year growth to the US IT industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Carbonite has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Carbonite used its assets less efficiently than the US IT industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Carbonite improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Carbonite's financial position?


Financial Position Analysis

Carbonite's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Carbonite's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Carbonite's level of debt (230.9%) compared to net worth is high (greater than 40%).

Unable to establish if Carbonite's debt level has increased without past 5-year debt data.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.3x debt.


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.

Whilst loss making Carbonite has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Carbonite has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -83.1% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Carbonite's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Carbonite's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Carbonite has not reported any payouts.

Unable to verify if Carbonite's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Carbonite has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Steve Munford (53yo)

0.2yrs

Tenure

US$209,474

Compensation

Mr. Stephen Munford, also known as Steve, has been President, Interim Chief Executive Officer and Executive Chairman of the Board at Carbonite, Inc. since July 25, 2019. Mr. Munford served as Interim Chief ...


Management Age and Tenure

3.9yrs

Average Tenure

55yo

Average Age

The tenure for the Carbonite management team is about average.


Board Age and Tenure

3.6yrs

Average Tenure

56.5yo

Average Age

The tenure for the Carbonite board of directors is about average.


Insider Trading

Carbonite individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$13,96506 Aug 19
Cassandra Hudson
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares820
Max PriceUS$17.03
SellUS$12,98018 Jun 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares550
Max PriceUS$23.60
SellUS$12,62618 Jun 19
Norman Guadagno
EntityIndividual
Shares535
Max PriceUS$23.60
SellUS$10,83218 Jun 19
Danielle Sheer
EntityIndividual
Shares459
Max PriceUS$23.60
SellUS$38,04318 Jun 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,612
Max PriceUS$23.60
SellUS$509,38105 Jun 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares22,539
Max PriceUS$22.60
SellUS$13,00803 Jun 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares550
Max PriceUS$23.65
SellUS$12,65303 Jun 19
Norman Guadagno
EntityIndividual
Shares535
Max PriceUS$23.65
SellUS$38,12403 Jun 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,612
Max PriceUS$23.65
SellUS$10,85503 Jun 19
Danielle Sheer
EntityIndividual
Shares459
Max PriceUS$23.65
SellUS$13,15018 Mar 19
Norman Guadagno
EntityIndividual
Shares535
Max PriceUS$24.58
SellUS$39,59818 Mar 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,611
Max PriceUS$24.58
SellUS$11,28218 Mar 19
Danielle Sheer
EntityIndividual
Shares459
Max PriceUS$24.58
SellUS$13,51918 Mar 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares550
Max PriceUS$24.58
SellUS$12,69406 Mar 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares550
Max PriceUS$23.08
SellUS$12,34806 Mar 19
Norman Guadagno
EntityIndividual
Shares535
Max PriceUS$23.08
SellUS$37,18206 Mar 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,611
Max PriceUS$23.08
SellUS$10,59406 Mar 19
Danielle Sheer
EntityIndividual
Shares459
Max PriceUS$23.08
SellUS$68,83720 Feb 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,873
Max PriceUS$23.96
SellUS$26,85920 Feb 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares1,121
Max PriceUS$23.96
SellUS$26,11620 Feb 19
Norman Guadagno
EntityIndividual
Shares1,090
Max PriceUS$23.96
SellUS$18,56920 Feb 19
Robert Beeler
EntityIndividual
Shares775
Max PriceUS$23.96
SellUS$21,25320 Feb 19
Cassandra Hudson
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares887
Max PriceUS$23.96
SellUS$22,37920 Feb 19
Danielle Sheer
EntityIndividual
Shares934
Max PriceUS$23.96
SellUS$190,03220 Feb 19
Mohamad Ali
EntityIndividual
Shares7,998
Max PriceUS$23.76
SellUS$56,86815 Feb 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,224
Max PriceUS$25.57
SellUS$15,29115 Feb 19
Cassandra Hudson
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares598
Max PriceUS$25.57
SellUS$28,45915 Feb 19
Danielle Sheer
EntityIndividual
Shares1,113
Max PriceUS$25.57
SellUS$36,04813 Feb 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares1,497
Max PriceUS$24.08
SellUS$24,24913 Feb 19
Cassandra Hudson
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares1,007
Max PriceUS$24.08
SellUS$46,33013 Feb 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,924
Max PriceUS$24.08
SellUS$28,31813 Feb 19
Danielle Sheer
EntityIndividual
Shares1,176
Max PriceUS$24.08
SellUS$30,89513 Feb 19
Norman Guadagno
EntityIndividual
Shares1,283
Max PriceUS$24.08
SellUS$32,26206 Feb 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares1,121
Max PriceUS$28.78
SellUS$32,26206 Feb 19
Norman Guadagno
EntityIndividual
Shares1,121
Max PriceUS$28.78
SellUS$63,97806 Feb 19
Danielle Sheer
EntityIndividual
Shares2,223
Max PriceUS$28.78
SellUS$41,35706 Feb 19
Robert Beeler
EntityIndividual
Shares1,437
Max PriceUS$28.78
SellUS$64,46706 Feb 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,240
Max PriceUS$28.78
SellUS$59,08506 Feb 19
Cassandra Hudson
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares2,053
Max PriceUS$28.78
SellUS$47,06031 Jan 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares1,702
Max PriceUS$27.65
SellUS$38,54431 Jan 19
Danielle Sheer
EntityIndividual
Shares1,394
Max PriceUS$27.65
SellUS$58,31431 Jan 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,109
Max PriceUS$27.65
SellUS$35,25431 Jan 19
Norman Guadagno
EntityIndividual
Shares1,275
Max PriceUS$27.65
SellUS$64,76916 Jan 19
Norman Guadagno
EntityIndividual
Shares2,314
Max PriceUS$27.99
SellUS$65,72808 Jan 19
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares2,528
Max PriceUS$26.00
SellUS$21,56319 Dec 18
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares840
Max PriceUS$25.67
SellUS$17,96919 Dec 18
Danielle Sheer
EntityIndividual
Shares700
Max PriceUS$25.67
SellUS$368,03219 Dec 18
Mohamad Ali
EntityIndividual
Shares13,888
Max PriceUS$26.50
SellUS$20,94719 Dec 18
Norman Guadagno
EntityIndividual
Shares816
Max PriceUS$25.67
SellUS$41,86819 Dec 18
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,631
Max PriceUS$25.67
SellUS$23,17103 Dec 18
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares829
Max PriceUS$27.95
SellUS$17,88803 Dec 18
Norman Guadagno
EntityIndividual
Shares640
Max PriceUS$27.95
SellUS$19,31303 Dec 18
Danielle Sheer
EntityIndividual
Shares691
Max PriceUS$27.95
SellUS$45,02703 Dec 18
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,611
Max PriceUS$27.95
SellUS$173,54416 Nov 18
Todd Krasnow
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,218
Max PriceUS$27.91
BuyUS$55,14015 Nov 18
Scott Daniels
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$27.57
SellUS$191,03508 Nov 18
Todd Krasnow
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,500
Max PriceUS$29.39
SellUS$53,05030 Oct 18
Norman Guadagno
EntityIndividual
Shares1,595
Max PriceUS$33.26
SellUS$95,82230 Oct 18
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,881
Max PriceUS$33.26
SellUS$47,62830 Oct 18
Deepak Mohan
EntityIndividual
Shares1,432
Max PriceUS$33.26
SellUS$74,53630 Oct 18
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares2,241
Max PriceUS$33.26
SellUS$51,65330 Oct 18
Danielle Sheer
EntityIndividual
Shares1,553
Max PriceUS$33.26
SellUS$22,03521 Sep 18
Norman Guadagno
EntityIndividual
Shares565
Max PriceUS$39.00
SellUS$31,59021 Sep 18
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares810
Max PriceUS$39.00
SellUS$18,87621 Sep 18
Danielle Sheer
EntityIndividual
Shares484
Max PriceUS$39.00
SellUS$66,41721 Sep 18
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,703
Max PriceUS$39.00
SellUS$23,59521 Sep 18
Deepak Mohan
EntityIndividual
Shares605
Max PriceUS$39.00

Ownership Breakdown


Management Team

  • Dave Friend (71yo)

    Co-Founder & Director

    • Tenure: 14.6yrs
    • Compensation: US$178.47k
  • Steve Munford (53yo)

    President

    • Tenure: 0.2yrs
    • Compensation: US$209.47k
  • Scott Semel (63yo)

    Interim General Counsel

    • Tenure: 0yrs
  • Jerry Sisitsky

    Vice President of Investor Relations

    • Tenure: 2.8yrs
  • John Post

    Chief Operating Officer

    • Tenure: 0yrs
  • Anthony Folger (47yo)

    CFO & Treasurer

    • Tenure: 6.7yrs
    • Compensation: US$2.11m
  • Cassandra Hudson (37yo)

    Chief Accounting Officer

    • Tenure: 4.9yrs
  • Paul Mellinger (57yo)

    Executive Officer

    • Tenure: 0.08yrs
    • Compensation: US$1.29m
  • Larry Friedman

    Chief Information Security Officer

    • Tenure: 0yrs
  • Hal Lonas

    Chief Technology Officer

    • Tenure: 0yrs

Board Members

  • Todd Krasnow (62yo)

    Director

    • Tenure: 14yrs
    • Compensation: US$195.97k
  • Dave Friend (71yo)

    Co-Founder & Director

    • Tenure: 14.6yrs
    • Compensation: US$178.47k
  • Steve Munford (53yo)

    President

    • Tenure: 0.2yrs
    • Compensation: US$209.47k
  • Marina Levinson (60yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$181.47k
  • Scott Daniels (53yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$191.97k
  • Linda Connly (53yo)

    Director

    • Tenure: 0.6yrs

Company Information

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


Key Information

  • Name: Carbonite, Inc.
  • Ticker: CARB
  • Exchange: NasdaqGM
  • Founded: 2005
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: US$538.037m
  • Shares outstanding: 34.69m
  • Website: https://www.carbonite.com

Number of Employees


Location

  • Carbonite, Inc.
  • Two Avenue de Lafayette
  • Boston
  • Massachusetts
  • 2111
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CARBNasdaqGM (Nasdaq Global Market)YesCommon SharesUSUSDAug 2011
4CBDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2011

Biography

Carbonite, Inc., together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Saf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 00:12
End of Day Share Price2019/09/13 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.