NasdaqGS:CSOD

Stock Analysis Report

Executive Summary

Cornerstone OnDemand, Inc., together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

NasdaqGS:CSOD

0.6%

US Software

1.1%

US Market


1 Year Return

-0.04%

NasdaqGS:CSOD

13.0%

US Software

2.1%

US Market

CSOD underperformed the Software industry which returned 11.8% over the past year.

CSOD underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

CSODIndustryMarket
7 Day2.8%0.6%1.1%
30 Day9.2%0.3%3.7%
90 Day-0.8%-0.9%2.3%
1 Year-0.04%-0.04%14.6%13.0%4.4%2.1%
3 Year25.4%25.4%118.5%109.9%47.0%37.4%
5 Year61.0%61.0%162.4%143.0%61.6%43.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.52x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Cornerstone OnDemand's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Cornerstone OnDemand's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Cornerstone OnDemand is loss making, we can't compare its value to the US Software industry average.

Cornerstone OnDemand 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 Cornerstone OnDemand, we can't assess if its growth is good value.


Price Based on Value of Assets

Cornerstone OnDemand is overvalued based on assets compared to the US Software industry average.


Next Steps

Future Growth

How is Cornerstone OnDemand expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

116.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Cornerstone OnDemand's revenue is expected to grow by 13% yearly, however this is not considered high growth (20% yearly).

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

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

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

Cornerstone OnDemand'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 Cornerstone OnDemand will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Cornerstone OnDemand performed over the past 5 years?

13.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

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


Return on Equity

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


Return on Assets

It is difficult to establish if Cornerstone OnDemand has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Cornerstone OnDemand 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 Cornerstone OnDemand's financial position?


Financial Position Analysis

Cornerstone OnDemand is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Cornerstone OnDemand's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Cornerstone OnDemand's level of debt (298.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (503.7% vs 298.8% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.9x 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 Cornerstone OnDemand has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Cornerstone OnDemand has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -43.1% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

No need to calculate the sustainability of Cornerstone OnDemand's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Adam Miller (50yo)

20.3yrs

Tenure

US$6,554,601

Compensation

Mr. Adam L. Miller Founded Cornerstone OnDemand, Inc. in 1999 and has been its Chief Executive Officer and President since May 1999. Mr. Miller is responsible for creating and driving the long-term vision  ...


CEO Compensation Analysis

Adam's remuneration is about average for companies of similar size in United States of America.

Adam's compensation has increased whilst company is loss making.


Management Age and Tenure

3.4yrs

Average Tenure

49.5yo

Average Age

The tenure for the Cornerstone OnDemand management team is about average.


Board Age and Tenure

2.3yrs

Average Tenure

50yo

Average Age

The average tenure for the Cornerstone OnDemand board of directors is less than 3 years, this suggests a new board.


Insider Trading

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


Recent Insider Transactions

SellUS$308,76203 Jul 19
Adam Weiss
EntityIndividual
Role
Chief Administrative Officer
Chief Administrative Officer & General Counsel
Shares5,304
Max PriceUS$58.21
SellUS$401,78603 Jul 19
Mark Goldin
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares6,902
Max PriceUS$58.21
SellUS$355,42807 May 19
Brian Swartz
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares6,598
Max PriceUS$53.87
SellUS$111,96108 Mar 19
Adam Weiss
EntityIndividual
Role
Chief Administrative Officer
Chief Administrative Officer & General Counsel
Shares2,079
Max PriceUS$54.39
SellUS$143,41108 Mar 19
Mark Goldin
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares2,663
Max PriceUS$54.39
SellUS$214,49708 Mar 19
Brian Swartz
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares3,983
Max PriceUS$54.39
SellUS$242,72001 Mar 19
Adam Weiss
EntityIndividual
Role
Chief Administrative Officer
Chief Administrative Officer & General Counsel
Shares4,274
Max PriceUS$56.79
SellUS$448,35701 Mar 19
Brian Swartz
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares7,895
Max PriceUS$56.79
SellUS$302,29301 Mar 19
Jeffrey Lautenbach
EntityIndividual
Role
Senior Key Executive
President of Global Field Operations
Shares5,323
Max PriceUS$56.79
SellUS$282,07601 Mar 19
Mark Goldin
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares4,967
Max PriceUS$56.79
SellUS$259,62301 Mar 19
Adam Miller
EntityIndividual
Role
Chief Executive Officer
Founder
Shares4,562
Max PriceUS$56.91

Ownership Breakdown


Management Team

  • Adam Miller (50yo)

    Founder

    • Tenure: 20.3yrs
    • Compensation: US$6.55m
  • Steven Seymour (50yo)

    Co-Founder

    • Tenure: 18.7yrs
    • Compensation: US$1.35m
  • Brian Swartz (46yo)

    Chief Financial Officer

    • Tenure: 3.3yrs
    • Compensation: US$9.06m
  • Mark Goldin (58yo)

    Chief Technology Officer

    • Tenure: 9.3yrs
    • Compensation: US$6.18m
  • Vincent Belliveau (43yo)

    Chief Executive of Europe

    • Tenure: 0yrs
    • Compensation: US$6.41m
  • Jeff Lautenbach (50yo)

    President of Global Field Operations

    • Tenure: 1.7yrs
    • Compensation: US$7.87m
  • Adam Weiss (41yo)

    Chief Administrative Officer & General Counsel

    • Tenure: 3.4yrs
    • Compensation: US$5.30m
  • Jennifer Gianola

    Vice President of Investor Relations

    • Tenure: 1.5yrs
  • Trish Coughlin (49yo)

    Chief Accounting Officer

    • Tenure: 0.7yrs
  • Deaira Irons

    Senior Manager of PR

    • Tenure: 0yrs

Board Members

  • Dick Haddrill (66yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$457.60k
  • Adam Miller (50yo)

    Founder

    • Tenure: 20.3yrs
    • Compensation: US$6.55m
  • Steffan Tomlinson (48yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$289.66k
  • Joe Osnoss (41yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$288.61k
  • Kristina Salen (48yo)

    Director

    • Tenure: 5.2yrs
    • Compensation: US$299.66k
  • Elisa Steele (52yo)

    Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: US$484.94k
  • Marcus Ryu (45yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$457.60k
  • Rob Cavanaugh (50yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: US$284.66k
  • Dean Carter (54yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$291.63k

Company Information

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


Key Information

  • Name: Cornerstone OnDemand, Inc.
  • Ticker: CSOD
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$3.402b
  • Shares outstanding: 60.68m
  • Website: https://www.cornerstoneondemand.com

Number of Employees


Location

  • Cornerstone OnDemand, Inc.
  • 1601 Cloverfield Boulevard
  • Suite 600 South
  • Santa Monica
  • California
  • 90404
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSODNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2011
8CODB (Deutsche Boerse AG)YesCommon StockDEEURMar 2011

Biography

Cornerstone OnDemand, Inc., together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management pl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:09
End of Day Share Price2019/09/16 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.