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

Fair value with imperfect balance sheet.


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

5.7%

CARB

-1.5%

US IT

0.5%

US Market


1 Year Return

-54.9%

CARB

21.3%

US IT

6.8%

US Market

Return vs Industry: CARB underperformed the US IT industry which returned 21.3% over the past year.

Return vs Market: CARB underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

CARBIndustryMarket
7 Day5.7%-1.5%0.5%
30 Day-0.2%-0.8%-0.8%
90 Day-34.2%-4.5%-0.9%
1 Year-54.9%-54.9%22.5%21.3%9.2%6.8%
3 Year-7.8%-7.8%94.0%86.1%45.6%36.2%
5 Year58.2%58.2%149.1%126.3%63.2%45.4%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CARB ($15.79) is trading below our estimate of fair value ($37.21)

Significantly Below Fair Value: CARB is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: CARB 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 CARB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CARB is good value based on its PB Ratio (2.1x) compared to the US IT industry average (4.2x).


Next Steps

Future Growth

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

159.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: CARB's revenue (17.6% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: CARB's revenue (17.6% 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 CARB's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: CARB is unprofitable, but has reduced losses over the past 5 years at a rate of 38.8% per year.

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

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


Return on Equity

High ROE: CARB has a negative Return on Equity (-3.07%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Carbonite's financial position?


Financial Position Analysis

Short Term Liabilities: CARB's short term assets ($153.1M) do not cover its short term liabilities ($238.7M)

Long Term Liabilities: CARB's short term assets (153.1M) do not cover its long term liabilities (735.0M)


Debt to Equity History and Analysis

Debt Level: CARB's debt to equity ratio (230.9%) is considered high

Reducing Debt: Insufficient data to determine if CARB's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CARB's 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.

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

Forecast Cash Runway: CARB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 83.1% per year.


Next Steps

Dividend

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

High Dividend: Unable to evaluate CARB'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 CARB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CARB'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 CARB'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 Carbonite's salary, the management and board of directors tenure and is there insider trading?

0.3yrs

Average management tenure


CEO

Steve Munford (53yo)

0.3yrs

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

0.3yrs

Average Tenure

55yo

Average Age

Experienced Management: CARB's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Age and Tenure

3.7yrs

Average Tenure

56.5yo

Average Age

Experienced Board: CARB's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

Insider Buying: CARB 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$26,11620 Feb 19
Norman Guadagno
EntityIndividual
Shares1,090
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$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$64,46706 Feb 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,240
Max PriceUS$28.78
SellUS$41,35706 Feb 19
Robert Beeler
EntityIndividual
Shares1,437
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$58,31431 Jan 19
Anthony Folger
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares2,109
Max PriceUS$27.65
SellUS$38,54431 Jan 19
Danielle Sheer
EntityIndividual
Shares1,394
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$51,65330 Oct 18
Danielle Sheer
EntityIndividual
Shares1,553
Max PriceUS$33.26
SellUS$74,53630 Oct 18
Paul Mellinger
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares2,241
Max PriceUS$33.26

Ownership Breakdown


Management Team

  • Dave Friend (71yo)

    Co-Founder & Director

    • Tenure: 14.7yrs
    • Compensation: US$178.47k
  • Steve Munford (53yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$209.47k
  • Scott Semel (63yo)

    Interim General Counsel

    • Tenure: 0.08yrs
  • Jerry Sisitsky

    Vice President of Investor Relations

    • Tenure: 2.9yrs
  • Hal Lonas

    Chief Technology Officer

    • Tenure: 0.08yrs
  • John Post

    Chief Operating Officer

    • Tenure: 0.08yrs
  • Anthony Folger (47yo)

    CFO & Treasurer

    • Tenure: 6.8yrs
    • Compensation: US$2.11m
  • Cassandra Hudson (37yo)

    Chief Accounting Officer

    • Tenure: 5yrs
  • Paul Mellinger (57yo)

    Executive Officer

    • Tenure: 0.2yrs
    • Compensation: US$1.29m
  • Larry Friedman

    Chief Information Security Officer

    • Tenure: 0yrs

Board Members

  • Todd Krasnow (62yo)

    Director

    • Tenure: 14.1yrs
    • Compensation: US$195.97k
  • Dave Friend (71yo)

    Co-Founder & Director

    • Tenure: 14.7yrs
    • Compensation: US$178.47k
  • Steve Munford (53yo)

    President

    • Tenure: 0.3yrs
    • Compensation: US$209.47k
  • Marina Levinson (60yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$181.47k
  • Scott Daniels (53yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$191.97k
  • Linda Connly (53yo)

    Director

    • Tenure: 0.7yrs

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$547.577m
  • 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 Analysis2019/10/21 00:17
End of Day Share Price2019/10/18 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.