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CyberArk Software

Nasdaq:CYBR
Snowflake Description

Flawless balance sheet with proven track record.

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

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The last earnings update was 10 days ago. More info.


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CYBR Share Price and Events
7 Day Returns
2.2%
NasdaqGS:CYBR
0.6%
US Software
0.2%
US Market
1 Year Returns
118.7%
NasdaqGS:CYBR
25.5%
US Software
2.9%
US Market
CYBR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CyberArk Software (CYBR) 2.2% 4.8% 24.3% 118.7% 200.4% -
US Software 0.6% 1.9% 9.7% 25.5% 117.7% 157.3%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • CYBR outperformed the Software industry which returned 25.5% over the past year.
  • CYBR outperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
CYBR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is CyberArk Software 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 CyberArk Software 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 CyberArk Software.

NasdaqGS:CYBR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:CYBR
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 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.154 (1 + (1- 23%) (0%))
1.103
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.103 * 5.96%)
9.3%

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

The calculations below outline how an intrinsic value for CyberArk Software 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:CYBR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.3%)
2019 115.24 Analyst x12 105.43
2020 145.19 Analyst x12 121.52
2021 190.25 Analyst x2 145.69
2022 303.70 Analyst x1 212.77
2023 388.00 Analyst x1 248.69
2024 457.42 Est @ 17.89% 268.23
2025 518.46 Est @ 13.34% 278.14
2026 571.14 Est @ 10.16% 280.32
2027 616.43 Est @ 7.93% 276.80
2028 655.70 Est @ 6.37% 269.37
Present value of next 10 years cash flows $2,206.97
NasdaqGS:CYBR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $655.70 × (1 + 2.73%) ÷ (9.3% – 2.73%)
$10,246.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,246.82 ÷ (1 + 9.3%)10
$4,209.57
NasdaqGS:CYBR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,206.97 + $4,209.57
$6,416.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,416.54 / 37.61
$170.61
NasdaqGS:CYBR Discount to Share Price
Calculation Result
Value per share (USD) From above. $170.61
Current discount Discount to share price of $131.65
= -1 x ($131.65 - $170.61) / $170.61
22.8%

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

Current Discount
Amount off the current price CyberArk Software is available for.
Intrinsic value
23%
Share price is $131.65 vs Future cash flow value of $170.61
Current Discount Checks
For CyberArk Software to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CyberArk Software's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CyberArk Software'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 CyberArk Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CyberArk Software's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CYBR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.49
NasdaqGS:CYBR Share Price ** NasdaqGS (2019-05-23) in USD $131.65
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 55.97x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

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

** Primary Listing of CyberArk Software.

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

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

= 131.65 ÷ 1.49

88.62x

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

  • CyberArk Software is overvalued based on earnings compared to the US Software industry average.
  • CyberArk Software is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does CyberArk Software's expected growth come at a high price?
Raw Data
NasdaqGS:CYBR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 88.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
25.5%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.09x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 88.62x ÷ 25.5%

3.48x

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

  • CyberArk Software is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CyberArk Software's assets?
Raw Data
NasdaqGS:CYBR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.55
NasdaqGS:CYBR Share Price * NasdaqGS (2019-05-23) in USD $131.65
United States of America Software Industry PB Ratio Median Figure of 222 Publicly-Listed Software Companies 5.69x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NasdaqGS:CYBR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 131.65 ÷ 13.55

9.71x

* Primary Listing of CyberArk Software.

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

  • CyberArk Software is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess CyberArk Software'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. CyberArk Software 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.

Future Performance

 How is CyberArk Software expected to perform in the next 1 to 3 years based on estimates from 20 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
25.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CyberArk Software expected to grow at an attractive rate?
  • CyberArk Software's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CyberArk Software's earnings growth is expected to exceed the United States of America market average.
  • CyberArk Software's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CYBR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CYBR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 25.5%
NasdaqGS:CYBR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 16%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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:CYBR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CYBR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 813 402 148 1
2022-12-31 696 316 110 1
2021-12-31 594 188 81 6
2020-12-31 497 156 55 20
2019-12-31 418 127 44 20
NasdaqGS:CYBR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 367 143 54
2018-12-31 343 130 47
2018-09-30 315 125 26
2018-06-30 295 107 20
2018-03-31 274 98 15
2017-12-31 262 81 16
2017-09-30 246 65 23
2017-06-30 236 65 28
2017-03-31 229 56 31
2016-12-31 217 56 28
2016-09-30 204 55 28
2016-06-30 189 45 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CyberArk Software's earnings are expected to grow significantly at over 20% yearly.
  • CyberArk Software's revenue is expected to grow by 16% 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:CYBR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from CyberArk Software Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CYBR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.72 2.72 2.72 1.00
2020-12-31 1.47 2.00 0.84 7.00
2019-12-31 1.14 1.35 0.85 7.00
NasdaqGS:CYBR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.49
2018-12-31 1.30
2018-09-30 0.74
2018-06-30 0.57
2018-03-31 0.42
2017-12-31 0.46
2017-09-30 0.66
2017-06-30 0.82
2017-03-31 0.92
2016-12-31 0.83
2016-09-30 0.83
2016-06-30 0.82

*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.
  • CyberArk Software is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CyberArk Software'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.
CyberArk Software 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.

Past Performance

  How has CyberArk Software 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 CyberArk Software'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.
  • CyberArk Software has delivered over 20% year on year earnings growth in the past 5 years.
  • CyberArk Software's 1-year earnings growth exceeds its 5-year average (264.6% vs 30.5%)
  • CyberArk Software's earnings growth has exceeded the US Software industry average in the past year (264.6% vs 21.4%).
Earnings and Revenue History
CyberArk Software'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 CyberArk Software Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CYBR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 367.35 54.33 199.00 60.46
2018-12-31 343.20 47.07 190.07 57.11
2018-09-30 314.52 26.44 181.65 54.02
2018-06-30 294.68 20.03 173.70 50.41
2018-03-31 274.45 14.90 165.38 46.16
2017-12-31 261.70 16.02 156.45 42.39
2017-09-30 245.69 22.70 145.33 39.47
2017-06-30 235.84 28.13 134.17 37.29
2017-03-31 228.74 31.34 124.12 35.90
2016-12-31 216.61 28.12 115.89 34.61
2016-09-30 203.72 27.82 108.21 33.00
2016-06-30 188.81 27.48 99.16 29.45
2016-03-31 174.81 25.95 91.81 25.55
2015-12-31 160.81 25.79 82.52 21.73
2015-09-30 145.65 18.71 75.26 18.19
2015-06-30 133.56 15.25 67.75 16.20
2015-03-31 118.52 12.82 59.56 15.28
2014-12-31 103.00 6.14 53.44 14.40
2014-09-30 86.75 4.69 47.30 13.09
2014-06-30 75.68 1.39 43.25 12.15
2014-03-31 70.82 0.29 40.73 11.37
2013-12-31 66.16 1.76 37.60 10.40
2012-12-31 47.21 3.33 25.38 7.27

*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.
  • CyberArk Software has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CyberArk Software used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • CyberArk Software's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CyberArk Software'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.
CyberArk Software has a total score of 4/6, 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.

Health

 How is CyberArk Software'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 CyberArk Software's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CyberArk Software is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CyberArk Software's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CyberArk Software'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.
  • CyberArk Software 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 CyberArk Software Company Filings, last reported 1 month ago.

NasdaqGS:CYBR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 502.10 0.00 466.35
2018-12-31 466.77 0.00 426.98
2018-09-30 430.14 0.00 386.47
2018-06-30 403.70 0.00 357.04
2018-03-31 381.46 0.00 325.36
2017-12-31 353.97 0.00 302.93
2017-09-30 343.26 0.00 274.30
2017-06-30 334.70 0.00 260.83
2017-03-31 323.85 0.00 287.06
2016-12-31 296.22 0.00 275.03
2016-09-30 279.91 0.00 252.48
2016-06-30 266.06 0.00 236.66
2016-03-31 255.36 0.00 247.48
2015-12-31 246.67 0.00 238.25
2015-09-30 231.75 0.00 249.66
2015-06-30 221.97 0.00 283.82
2015-03-31 160.44 0.00 191.67
2014-12-31 155.01 0.00 177.18
2014-09-30 147.37 0.00 169.01
2014-06-30 50.73 0.00 75.57
2014-03-31 48.26 0.00 72.78
2013-12-31 47.98 0.00 65.37
2012-12-31 39.18 0.00 46.00
  • CyberArk Software has no debt.
  • CyberArk Software has not taken on any debt in the past 5 years.
  • CyberArk Software has no debt, it does not need to be covered by operating cash flow.
  • CyberArk Software has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess CyberArk Software'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. CyberArk Software 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.

Dividends

 What is CyberArk Software'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 CyberArk Software dividends. Estimated to be 0% next year.
If you bought $2,000 of CyberArk Software 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 CyberArk Software's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CyberArk Software'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:CYBR 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 20 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 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 1.4%
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:CYBR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as CyberArk Software has not reported any payouts.
  • Unable to verify if CyberArk Software's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CyberArk Software's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CyberArk Software has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of CyberArk Software's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess CyberArk Software'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 CyberArk Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CyberArk Software 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.

Management

 What is the CEO of CyberArk Software'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
Udi Mokady
COMPENSATION $6,677,316
AGE 49
TENURE AS CEO 14.3 years
CEO Bio

Mr. Ehud Mokady, also known as Udi, founded Cyber-Ark Software, Inc. in 1999 and has been its Chairman of the Board since June 30, 2016 and serves as its Chief Executive Officer and President. Mr. Mokady is a Founder of CyberArk Software, Ltd. and has been its Chief Executive Officer since 2005 and served as its President since 2005 until 2016. He served as the Chief Operating Officer of Cyber-Ark Software, Inc. from 1999 to 2005. From 1997 to 1999, he served as General Counsel at Tadiran Spectralink Ltd. From 1986 to 1989, he served in a military intelligence unit in the Israel Defense Forces. He has been the Chairman of the Board at CyberArk Software, Ltd. sinced June 30, 2016. Mr. Mokady was honored by a panel of independent judges with the New England EY Entrepreneur Of The Year 2014 Award in the Technology Security category. He serves as a Director of CyberArk Software, Ltd. and Cyber-Ark Software, Inc. He has been Director of Demisto, Inc. since January 29, 2018. Mr. Mokady holds a Bachelor of Laws (LL.B.) from Hebrew University in Jerusalem, Israel and a Master of Science Management (MSM) from Boston University in Massachusetts.

CEO Compensation
  • Udi 's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Udi 's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CyberArk Software management team in years:

4.3
Average Tenure
48.5
Average Age
  • The tenure for the CyberArk Software management team is about average.
Management Team

Udi Mokady

TITLE
Founder
COMPENSATION
$7M
AGE
49
TENURE
14.3 yrs

Josh Siegel

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
54
TENURE
8 yrs

Marianne Budnik

TITLE
Chief Marketing Officer
COMPENSATION
$1M
AGE
50
TENURE
2 yrs

Ron Zoran

TITLE
Chief Revenue Officer
COMPENSATION
$2M
AGE
43
TENURE
1.8 yrs

Chen Bitan

TITLE
General Manager of EMEA
COMPENSATION
$1M
AGE
48
TENURE
14.3 yrs

Erica Smith

TITLE
Vice President of Investors Relations

Donna Rahav

TITLE
General Counsel
AGE
39
TENURE
5.3 yrs

Clarence Hinton

TITLE
Senior Vice President of Corporate Development
TENURE
0.3 yrs

Ruth Shaked

TITLE
Senior Vice President of Human Resources
AGE
55
TENURE
0.3 yrs

Roy Adar

TITLE
Senior Vice President of Product Management
AGE
47
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the CyberArk Software board of directors in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the CyberArk Software board of directors is about average.
Board of Directors

Gadi Tirosh

TITLE
Lead Independent Director
AGE
52
TENURE
2.8 yrs

Udi Mokady

TITLE
Founder
COMPENSATION
$7M
AGE
49
TENURE
2.9 yrs

Ron Gutler

TITLE
Independent Director
AGE
60
TENURE
4.8 yrs

Kim Perdikou

TITLE
Independent Director
AGE
61
TENURE
4.8 yrs

Dave Schaeffer

TITLE
Independent Director
AGE
62
TENURE
5 yrs

Amnon Shoshani

TITLE
Independent Director
AGE
54
TENURE
9.5 yrs

François Auque

TITLE
Director
AGE
61
TENURE
0.3 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 ($) Value ($)
X
Management checks
We assess CyberArk Software'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. CyberArk Software 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.

News

Simply Wall St News

What CyberArk Software Ltd.'s (NASDAQ:CYBR) ROE Can Tell Us

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for CyberArk Software: 10% = US$47m ÷ US$467m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does CyberArk Software Have A Good Return On Equity? … CyberArk Software's Debt And Its 10% ROE One positive for shareholders is that CyberArk Software does not have any net debt!

Simply Wall St -

What Should Investors Know About CyberArk Software Ltd.'s (NASDAQ:CYBR) Future?

Help shape the future of investing tools and you could win a $250 gift card! … with profits predicted to rise by -25% next year … the higher past 5-year average growth rate of 30%.

Simply Wall St -

Why Investors Should Run Towards CyberArk Software Ltd. (NASDAQ:CYBR)

High quality stocks such as CyberArk Software Ltd. … has fared well over time in a fickle stock market, which is why I want to bring it into light amongst all the chaos. … CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts

Simply Wall St -

Do Directors Own CyberArk Software Ltd. (NASDAQ:CYBR) Shares?

The big shareholder groups in CyberArk Software Ltd. … Companies that have been privatized tend to have low insider ownership. … Check out our latest analysis for CyberArk Software

Simply Wall St -

What Are Analysts Saying About CyberArk Software Ltd.'s (NASDAQ:CYBR) Future?

The latest earnings update CyberArk Software Ltd. … (NASDAQ:CYBR) released in December 2018a … confirmed

Simply Wall St -

Here’s What CyberArk Software Ltd.’s (NASDAQ:CYBR) Return On Capital Can Tell Us

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is It Too Late To Consider Buying CyberArk Software Ltd. (NASDAQ:CYBR)?

(NASDAQ:CYBR), which is in the software business, and is based in Israel,. … received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. … Let’s take a look at CyberArk Software’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

If You Had Bought CyberArk Software (NASDAQ:CYBR) Shares Three Years Ago You'd Have Made 177%

(NASDAQ:CYBR) share price has soared 177% in the last three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … CyberArk Software was able to grow its EPS at 17% per year over three years, sending the share price higher.

Simply Wall St -

Don't Sell CyberArk Software Ltd. (NASDAQ:CYBR) Before You Read This

We'll look at CyberArk Software Ltd.'s (NASDAQ:CYBR) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, CyberArk Software's P/E ratio is 82.01. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Taking A Look At CyberArk Software Ltd.'s (NASDAQ:CYBR) ROE

Our data shows CyberArk Software has a return on equity of 10% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations. It also provides Sensitive Information Management solution; and software maintenance and support, and professional services. The company offers its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries, as well as government agencies through direct sales force, as well as distributors, systems integrators, value-added resellers, and managed security service providers. It operates in the United States, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and Canada. CyberArk Software Ltd. was founded in 1999 and is headquartered in Petach Tikva, Israel.

Details
Name: CyberArk Software Ltd.
CYBR
Exchange: NasdaqGS
Founded: 1999
$4,951,212,738
37,608,908
Website: http://www.cyberark.com
Address: CyberArk Software Ltd.
9 Hapsagot Street,
Park Ofer B,
Petach Tikva,
4951040,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CYBR Ordinary Shares Nasdaq Global Select US USD 24. Sep 2014
DB CYB Ordinary Shares Deutsche Boerse AG DE EUR 24. Sep 2014
Number of employees
Current staff
Staff numbers
1,146
CyberArk Software employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:38
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.