Commvault Systems
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
1 Year Returns
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.
CVLT Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Commvault Systems.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Commvault Systems's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Commvault Systems's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Commvault Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Commvault Systems's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Commvault Systems Company Filings, last reported 2 months ago.
| 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.
Financial health checks
We assess Commvault Systems's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Commvault Systems has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Commvault Systems
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Commvault Systems's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Commvault Systems management team is about average.
Management Team
Brian Carolan
VP & CFO
$2M
47
6.7 yrs
Sanjay Mirchandani
President
54
0.3 yrs
Jay Whalen
Vice President of Finance & Chief Accounting Officer
37
0.2 yrs
Brian Brockway
CTO & VP
4.3 yrs
Michael Picariello
Director of Investor Relations
Warren Mondschein
Chief Compliance Officer
15.4 yrs
Chris Powell
Chief Marketing Officer & VP
4.3 yrs
Jesper Helt
Chief Human Resources Officer & VP
5.4 yrs
Robert Brower
Chief of Staff - Office of the COO
Gary Merrill
Vice President of Business Operations
43
6.7 yrs
Board of Directors Tenure
Average tenure and age of the Commvault Systems board of directors in years:
- The tenure for the Commvault Systems board of directors is about average.
Board of Directors
Nick Adamo
Chairman of the Board
54
0.2 yrs
Sanjay Mirchandani
President
54
0.3 yrs
Keith Geeslin
Director
$273K
65
23.1 yrs
Gary Smith
Director
$265K
58
15.1 yrs
David Walker
Director
$288K
64
13.3 yrs
Dan Pulver
Lead Independent Director
$293K
49
5.9 yrs
Frank Fanzilli
Director
$263K
61
16.9 yrs
Al Bunte
Director
$4M
64
11.4 yrs
Y.Y. Lee
Director
$117K
1.3 yrs
Martha Bejar
Independent Director
56
0.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Commvault Systems's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleThose 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 - – Full articleEstimating 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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleWhy 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 - – Full articleWhat 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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleCVLT 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
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.
