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Commvault Systems

Nasdaq:CVLT
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CVLT
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The last earnings update was 45 days ago. More info.


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  • Commvault Systems has significant price volatility in the past 3 months.
CVLT Share Price and Events
7 Day Returns
0.6%
NasdaqGS:CVLT
0.1%
US Software
0.5%
US Market
1 Year Returns
-31.7%
NasdaqGS:CVLT
21.2%
US Software
0.8%
US Market
CVLT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Commvault Systems (CVLT) 0.6% -3.2% -26.7% -31.7% 6.2% -2.6%
US Software 0.1% 0.5% 6.1% 21.2% 122.6% 150.3%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • CVLT underperformed the Software industry which returned 21.2% over the past year.
  • CVLT underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
CVLT
Industry
5yr Volatility vs Market
Related Companies

CVLT Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Commvault Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Commvault Systems.

NasdaqGS:CVLT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CVLT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.136 (1 + (1- 21%) (0%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.091 * 5.96%)
9.23%

Discounted Cash Flow Calculation for NasdaqGS:CVLT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Commvault Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CVLT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.23%)
2019 103.26 Analyst x5 94.53
2020 110.10 Analyst x5 92.27
2021 129.14 Analyst x5 99.08
2022 140.00 Analyst x1 98.33
2023 150.00 Analyst x1 96.45
2024 161.00 Analyst x1 94.77
2025 170.27 Est @ 5.76% 91.76
2026 178.54 Est @ 4.85% 88.08
2027 186.06 Est @ 4.21% 84.03
2028 193.07 Est @ 3.77% 79.83
Present value of next 10 years cash flows $919.14
NasdaqGS:CVLT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $193.07 × (1 + 2.73%) ÷ (9.23% – 2.73%)
$3,049.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,049.75 ÷ (1 + 9.23%)10
$1,260.96
NasdaqGS:CVLT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $919.14 + $1,260.96
$2,180.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,180.10 / 45.68
$47.73
NasdaqGS:CVLT Discount to Share Price
Calculation Result
Value per share (USD) From above. $47.73
Current discount Discount to share price of $47.68
= -1 x ($47.68 - $47.73) / $47.73
0.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Commvault Systems is available for.
Intrinsic value
0%
Share price is $47.68 vs Future cash flow value of $47.73
Current Discount Checks
For Commvault Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Commvault Systems's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Commvault Systems's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Commvault Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Commvault Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CVLT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.08
NasdaqGS:CVLT Share Price ** NasdaqGS (2019-06-14) in USD $47.68
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 50.61x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Commvault Systems.

NasdaqGS:CVLT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CVLT Share Price ÷ EPS (both in USD)

= 47.68 ÷ 0.08

613.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Commvault Systems is overvalued based on earnings compared to the US Software industry average.
  • Commvault Systems is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Commvault Systems's expected growth come at a high price?
Raw Data
NasdaqGS:CVLT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 613.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
77.3%per year
United States of America Software Industry PEG Ratio Median Figure of 67 Publicly-Listed Software Companies 3.02x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:CVLT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 613.6x ÷ 77.3%

7.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Commvault Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Commvault Systems's assets?
Raw Data
NasdaqGS:CVLT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.58
NasdaqGS:CVLT Share Price * NasdaqGS (2019-06-14) in USD $47.68
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.75x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:CVLT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CVLT Share Price ÷ Book Value per Share (both in USD)

= 47.68 ÷ 8.58

5.55x

* Primary Listing of Commvault Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Commvault Systems is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Commvault Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Commvault Systems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CVLT Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
77.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Commvault Systems expected to grow at an attractive rate?
  • Commvault Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Commvault Systems's earnings growth is expected to exceed the United States of America market average.
  • Commvault Systems's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CVLT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CVLT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 77.3%
NasdaqGS:CVLT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 4.6%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CVLT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CVLT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 902 1
2023-03-31 867 1
2022-03-31 818 1
2021-03-31 768 134 30 8
2020-03-31 722 119 18 9
NasdaqGS:CVLT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 711 110 4
2018-12-31 714 97 4
2018-09-30 711 97 -68
2018-06-30 710 89 -70
2018-03-31 699 84 -62
2017-12-31 681 90 -60
2017-09-30 668 85 1
2017-06-30 659 96 2
2017-03-31 645 100 -1
2016-12-31 638 108 5
2016-09-30 626 97 8
2016-06-30 608 87 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Commvault Systems's earnings are expected to grow significantly at over 20% yearly.
  • Commvault Systems's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CVLT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Commvault Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CVLT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 0.72 1.22 0.36 4.00
2020-03-31 0.50 0.82 0.19 5.00
NasdaqGS:CVLT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.08
2018-12-31 0.09
2018-09-30 -1.50
2018-06-30 -1.55
2018-03-31 -1.37
2017-12-31 -1.33
2017-09-30 0.02
2017-06-30 0.04
2017-03-31 -0.01
2016-12-31 0.11
2016-09-30 0.18
2016-06-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Commvault Systems is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Commvault Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Commvault Systems has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CVLT Past Performance

  How has Commvault Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Commvault Systems's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Commvault Systems's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Commvault Systems has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Commvault Systems has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
Commvault Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Commvault Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CVLT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 710.96 3.56 459.83 92.65
2018-12-31 714.45 4.06 462.37 96.93
2018-09-30 710.54 -68.28 476.18 98.00
2018-06-30 709.60 -70.18 494.70 96.41
2018-03-31 699.39 -61.90 501.44 91.03
2017-12-31 681.21 -60.04 495.50 92.32
2017-09-30 667.91 0.86 488.67 89.56
2017-06-30 659.20 1.82 479.97 86.86
2017-03-31 645.01 -0.51 472.86 79.56
2016-12-31 637.84 5.09 455.62 79.09
2016-09-30 626.47 8.01 448.36 75.82
2016-06-30 607.78 -1.17 438.60 71.74
2016-03-31 593.77 1.72 428.05 69.29
2015-12-31 586.30 -2.31 428.49 67.68
2015-09-30 583.62 -4.11 422.53 66.18
2015-06-30 594.02 11.62 419.22 65.88
2015-03-31 607.54 25.65 410.44 64.14
2014-12-31 613.63 37.96 399.83 62.69
2014-09-30 613.86 52.47 386.29 59.81
2014-06-30 604.58 63.33 366.30 57.32
2014-03-31 586.34 64.06 350.41 55.13
2013-12-31 567.80 65.39 339.88 52.40
2013-09-30 542.69 60.00 325.85 51.17
2013-06-30 518.99 56.55 311.27 49.26
2013-03-31 495.85 53.21 297.82 47.36
2012-12-31 471.59 46.07 286.56 45.74
2012-09-30 447.08 41.03 275.19 43.46
2012-06-30 426.38 35.03 267.95 41.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Commvault Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Commvault Systems has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • Commvault Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Commvault Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Commvault Systems has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CVLT Health

 How is Commvault Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Commvault Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Commvault Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Commvault Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Commvault Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Commvault Systems has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Commvault Systems Company Filings, last reported 2 months ago.

NasdaqGS:CVLT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 391.30 0.00 458.33
2018-12-31 395.03 0.00 457.94
2018-09-30 417.15 0.00 484.10
2018-06-30 396.72 0.00 461.67
2018-03-31 404.06 0.00 462.42
2017-12-31 396.08 0.00 445.49
2017-09-30 515.28 0.00 494.59
2017-06-30 495.00 0.00 480.99
2017-03-31 466.93 0.00 450.18
2016-12-31 435.19 0.00 437.16
2016-09-30 438.54 0.00 439.63
2016-06-30 411.56 0.00 410.18
2016-03-31 396.27 0.00 387.18
2015-12-31 425.57 0.00 401.11
2015-09-30 404.36 0.00 400.01
2015-06-30 424.20 0.00 411.35
2015-03-31 407.01 0.00 387.61
2014-12-31 385.32 0.00 364.90
2014-09-30 418.69 0.00 414.54
2014-06-30 390.35 0.00 398.52
2014-03-31 462.58 0.00 482.71
2013-12-31 469.33 0.00 500.51
2013-09-30 430.92 0.00 485.15
2013-06-30 386.72 0.00 458.82
2013-03-31 354.02 0.00 435.91
2012-12-31 319.67 0.00 397.25
2012-09-30 280.91 0.00 353.93
2012-06-30 251.29 0.00 320.08
  • Commvault Systems has no debt.
  • Commvault Systems has not taken on any debt in the past 5 years.
  • Commvault Systems has no debt, it does not need to be covered by operating cash flow.
  • Commvault Systems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Commvault Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Commvault Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CVLT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Commvault Systems dividends.
If you bought $2,000 of Commvault Systems shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Commvault Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Commvault Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CVLT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CVLT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Commvault Systems has not reported any payouts.
  • Unable to verify if Commvault Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Commvault Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Commvault Systems 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.
X
Income/ dividend checks
We assess Commvault Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Commvault Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Commvault Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CVLT Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sanjay Mirchandani
AGE 54
TENURE AS CEO 0.3 years
CEO Bio

Mr. Sanjay Mirchandani serves as President and Chief Executive Officer and member of the Board at Commvault Systems, Inc. since February 5, 2019. He served as the Chief Executive Officer of Puppet Labs, Inc. since September 26, 2016 until 2019. Mr. Mirchandani joined Puppet in May 2016 as President and Chief Operating Officer. Mr. Mirchandani served as Corporate Senior Vice President of Asia Pacific and Japan at VMware, Inc. since February 2015. Mr. Mirchandani served as Senior Vice President and General Manager of Asia Pacific & Japan at VMware, Inc. since October 14, 2013. Mr. Mirchandani has 25 years of international business, IT and consultancy experience, including 11 years spent in Asia Pacific. He served as the Chief Information Officer of EMC Corporation (alternate name Dell EMC) since November 2008 and served as its Chief Operating Officer of Global Centers of Excellence. He served as Senior Vice President of EMC Corporation. He served as an Executive Vice President of Global Enterprise Services at EMC Corp. Mr. Mirchandani served as Senior Vice President of Emerging Markets and International Development of EMC Corp. from June 2006 to November 2008. He has experience in building and scaling fantastic teams. Mr. Mirchandani is an industry veteran with a track record in leading rapidly-growing global organizations. He has experience in growing global operations, expertise in the IT industry. He is a 11-year veteran of Microsoft with substantial experience in developing global markets. At Microsoft, Mr. Mirchandani served as the Regional Vice President of Enterprise Services for the Asia Region. He served as the Regional Vice President of Microsoft Asia Pacific Region and oversaw its businesses in Australia, New Zealand, Southeast Asia, Korea and India. He held many other management positions at Microsoft that included President of Asia Pacific Region and President of South Asia. Mr. Mirchandani served as Managing Director of Microsoft India, and successfully developed Microsoft's presence and profile in the country. Mr. Mirchandani began his career at Microsoft leading the Consulting practice in the Middle East region. Mr. Mirchandani has been a Director of Puppet Labs, Inc. since September 26, 2016 and Datameer, Inc since February 14, 2018. Mr. Mirchandani serves as a President, Chief Executive Officer and member of the Board at Commvault Systems, Inc. Mr. Mirchandani has a Masters in Business Administration from the University of Pittsburgh and a Bachelors degree from Drew University.

CEO Compensation
  • Insufficient data for Sanjay to compare compensation growth.
  • Insufficient data for Sanjay to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Commvault Systems management team in years:

4.8
Average Tenure
45
Average Age
  • The tenure for the Commvault Systems management team is about average.
Management Team

Brian Carolan

TITLE
VP & CFO
COMPENSATION
$2M
AGE
47
TENURE
6.7 yrs

Sanjay Mirchandani

TITLE
President
AGE
54
TENURE
0.3 yrs

Jay Whalen

TITLE
Vice President of Finance & Chief Accounting Officer
AGE
37
TENURE
0.2 yrs

Brian Brockway

TITLE
CTO & VP
TENURE
4.3 yrs

Michael Picariello

TITLE
Director of Investor Relations

Warren Mondschein

TITLE
Chief Compliance Officer
TENURE
15.4 yrs

Chris Powell

TITLE
Chief Marketing Officer & VP
TENURE
4.3 yrs

Jesper Helt

TITLE
Chief Human Resources Officer & VP
TENURE
5.4 yrs

Robert Brower

TITLE
Chief of Staff - Office of the COO

Gary Merrill

TITLE
Vice President of Business Operations
AGE
43
TENURE
6.7 yrs
Board of Directors Tenure

Average tenure and age of the Commvault Systems board of directors in years:

8.7
Average Tenure
58
Average Age
  • The tenure for the Commvault Systems board of directors is about average.
Board of Directors

Nick Adamo

TITLE
Chairman of the Board
AGE
54
TENURE
0.2 yrs

Sanjay Mirchandani

TITLE
President
AGE
54
TENURE
0.3 yrs

Keith Geeslin

TITLE
Director
COMPENSATION
$273K
AGE
65
TENURE
23.1 yrs

Gary Smith

TITLE
Director
COMPENSATION
$265K
AGE
58
TENURE
15.1 yrs

David Walker

TITLE
Director
COMPENSATION
$288K
AGE
64
TENURE
13.3 yrs

Dan Pulver

TITLE
Lead Independent Director
COMPENSATION
$293K
AGE
49
TENURE
5.9 yrs

Frank Fanzilli

TITLE
Director
COMPENSATION
$263K
AGE
61
TENURE
16.9 yrs

Al Bunte

TITLE
Director
COMPENSATION
$4M
AGE
64
TENURE
11.4 yrs

Y.Y. Lee

TITLE
Director
COMPENSATION
$117K
TENURE
1.3 yrs

Martha Bejar

TITLE
Independent Director
AGE
56
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Feb 19 Sell Elliott Management Corporation Company 21. Feb 19 22. Feb 19 -402,902 $68.50 $-27,480,409
15. Feb 19 Sell Gary Merrill Individual 15. Feb 19 15. Feb 19 -1,385 $67.92 $-93,979
07. Feb 19 Sell Frank Fanzilli Individual 05. Feb 19 06. Feb 19 -11,295 $67.99 $-767,597
07. Feb 19 Sell David Walker Individual 05. Feb 19 05. Feb 19 -3,888 $67.93 $-264,112
16. Aug 18 Sell Gary Merrill Individual 15. Aug 18 15. Aug 18 -135 $64.67 $-8,758
X
Management checks
We assess Commvault Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Commvault Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CVLT News

Simply Wall St News

Why Commvault Systems, Inc.’s (NASDAQ:CVLT) Return On Capital Employed Looks Uninspiring

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Commvault Systems: 0.062 = US$31m ÷ (US$822m - US$326m) (Based on the trailing twelve months to March 2019.) Therefore, Commvault Systems has an ROCE of 6.2%. … Commvault Systems's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Commvault Systems's middling level of current liabilities have the effect of boosting its ROCE a bit.

Simply Wall St -

Those Who Purchased Commvault Systems (NASDAQ:CVLT) Shares A Year Ago Have A 31% Loss To Show For It

During the last year Commvault Systems grew its earnings per share, moving from a loss to a profit. … A Different Perspective While the broader market gained around 3.8% in the last year, Commvault Systems shareholders lost 31%. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Estimating The Intrinsic Value Of Commvault Systems, Inc. (NASDAQ:CVLT)

I will use the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

What You Must Know About Commvault Systems, Inc.'s (NASDAQ:CVLT) Financial Health

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Commvault Systems, Inc. … This article will examine CVLT’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Is Commvault Systems, Inc.'s (NASDAQ:CVLT) 1.0% ROE Worse Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Commvault Systems has a return on equity of 1.0% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Commvault Systems, Inc.’s (NASDAQ:CVLT) Use Of Investor Capital Doesn’t Look Great

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What Does Commvault Systems, Inc.'s (NASDAQ:CVLT) Share Price Indicate?

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Let’s examine Commvault Systems’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

What You Must Know About Commvault Systems, Inc.'s (NASDAQ:CVLT) Financial Health

Mid-caps stocks, like Commvault Systems, Inc. … Today we will look at CVLT’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Is Commvault Systems, Inc.'s (NASDAQ:CVLT) CEO Salary Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Bob Hammer's Compensation Compare With Similar Sized Companies. … is worth US$2.6b, and total annual CEO compensation is US$6.2m.

Simply Wall St -

What Do You Get For Owning Commvault Systems Inc (NASDAQ:CVLT)?

and looking to gauge the potential return on investment in Commvault Systems Inc (NASDAQ:CVLT). … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand Commvault Systems’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

CVLT Company Info

Description

Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. It offers Commvault Complete Backup & Recovery, a backup and recovery solution for enterprises; and Commvault HyperScale Technology, an add-on for Commvault Complete that delivers an on-premises, cloud-like infrastructure to support scale-out secondary storage. The company also provides Commvault Orchestrate, an automated service delivery technology that enables users to provision, sync, and validate data in various environments for IT needs, such as disaster recovery testing, Dev/Test operations, and workload migrations; and Commvault Activate, a solution, which allow customers to comply with privacy regulations. In addition, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers professional and customer support services. The company sells its software and related services directly through its sales force to large enterprises, small and medium sized businesses, and government agencies, as well as indirectly through its network of value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers. It licenses its software applications to customers in the banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utility, and energy industries. The company has strategic relationships with Atos, Cisco, Citrix, Fujitsu, Hewlett Packard Enterprise, Microsoft, Oracle, SAP, and VMware. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.

Details
Name: Commvault Systems, Inc.
CVLT
Exchange: NasdaqGS
Founded: 1988
$2,177,983,493
45,679,184
Website: http://www.commvault.com
Address: Commvault Systems, Inc.
1 Commvault Way,
Tinton Falls,
New Jersey, 07724,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CVLT Common Stock Nasdaq Global Select US USD 22. Sep 2006
DB D6I Common Stock Deutsche Boerse AG DE EUR 22. Sep 2006
Number of employees
Current staff
Staff numbers
2,559
Commvault Systems employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 00:01
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.