NasdaqGS:CYBR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. More Details


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has CyberArk Software's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CYBR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CYBR's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

3.4%

CYBR

3.5%

US Software

2.8%

US Market


1 Year Return

-7.6%

CYBR

48.0%

US Software

20.9%

US Market

Return vs Industry: CYBR underperformed the US Software industry which returned 47.7% over the past year.

Return vs Market: CYBR underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

CYBRIndustryMarket
7 Day3.4%3.5%2.8%
30 Day10.4%7.9%11.1%
90 Day1.1%0.7%6.5%
1 Year-7.6%-7.6%48.9%48.0%23.6%20.9%
3 Year143.5%143.5%141.4%133.6%47.3%37.6%
5 Year176.1%176.1%222.8%205.6%94.3%72.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is CyberArk Software undervalued compared to its fair value and its price relative to the market?

1486.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CYBR ($113.2) is trading above our estimate of fair value ($26.25)

Significantly Below Fair Value: CYBR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CYBR is poor value based on its PE Ratio (1486.2x) compared to the US Software industry average (57.6x).

PE vs Market: CYBR is poor value based on its PE Ratio (1486.2x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: CYBR is poor value based on its PEG Ratio (21.5x)


Price to Book Ratio

PB vs Industry: CYBR is good value based on its PB Ratio (6.6x) compared to the US Software industry average (8.1x).


Next Steps

Future Growth

How is CyberArk Software forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

69.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CYBR's forecast earnings growth (69.1% per year) is above the savings rate (2.2%).

Earnings vs Market: CYBR's earnings (69.1% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CYBR's revenue (12.2% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: CYBR's revenue (12.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CYBR's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has CyberArk Software performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CYBR has high quality earnings.

Growing Profit Margin: CYBR's current net profit margins (0.7%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: CYBR's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: CYBR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CYBR had negative earnings growth (-95.6%) over the past year, making it difficult to compare to the Software industry average (8.9%).


Return on Equity

High ROE: CYBR's Return on Equity (0.4%) is considered low.


Next Steps

Financial Health

How is CyberArk Software's financial position?


Financial Position Analysis

Short Term Liabilities: CYBR's short term assets ($962.3M) exceed its short term liabilities ($215.3M).

Long Term Liabilities: CYBR's short term assets ($962.3M) exceed its long term liabilities ($601.8M).


Debt to Equity History and Analysis

Debt Level: CYBR's debt to equity ratio (70.6%) is considered high.

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

Debt Coverage: CYBR's debt is well covered by operating cash flow (25.5%).

Interest Coverage: CYBR's interest payments on its debt are well covered by EBIT (55.5x coverage).


Balance Sheet


Next Steps

Dividend

What is CyberArk Software current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CYBR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CYBR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CYBR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CYBR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CYBR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Udi Mokady (51 yo)

15.83yrs

Tenure

US$8,968,889

Compensation

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 i...


CEO Compensation Analysis

Compensation vs Market: Udi 's total compensation ($USD8.97M) is above average for companies of similar size in the US market ($USD5.14M).

Compensation vs Earnings: Udi 's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ehud Mokady
Founder15.83yrsUS$8.97m1.07%
$ 46.8m
Joshua Siegel
Chief Financial Officer9.5yrsUS$4.08mno data
Marianne Budnik
Chief Marketing Officer3.5yrsUS$1.88mno data
Chen Bitan
GM of Israel & Chief Product Officerno dataUS$1.73mno data
Matthew Cohen
Chief Operating Officerno datano datano data
Erica Smith
Vice President of Investors Relationsno datano datano data
Donna Rahav
General Counsel6.83yrsno datano data
Clarence Hinton
Chief Strategy Officer & Head of Corporate Development1.83yrsno datano data
Ruth Shaked
Chief Human Resources Officer1.83yrsno datano data
Adam Bosnian
Executive Vice President of Global Business Development10.83yrsno datano data
Vincent Goh
Senior Vice President of Sales-Asia Pacific & Japan1.83yrsno datano data
Shahar Layani
Chief Customer Officer1.83yrsno datano data

3.5yrs

Average Tenure

51yo

Average Age

Experienced Management: CYBR's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ehud Mokady
Founder15.83yrsUS$8.97m1.07%
$ 46.8m
David Schaeffer
Independent Director6.5yrsno datano data
Ron Gutler
Independent Director6.33yrsno datano data
François Auque
Independent Director1.75yrsno datano data
Kim Perdikou
Independent Director6.33yrsno datano data
Gadi Tirosh
Lead Independent Director4.33yrsno datano data
Michael Brown
Member of Advisory Board0.083yrno datano data
Amnon Shoshani
Independent Director11yrsno datano data
Theresa Payton
Member of Advisory Board0.083yrno datano data
Bruce Crawford
Member of Advisory Board0.083yrno datano data

4.4yrs

Average Tenure

62yo

Average Age

Experienced Board: CYBR's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

CyberArk Software Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CyberArk Software Ltd.
  • Ticker: CYBR
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$4.384b
  • Shares outstanding: 38.73m
  • Website: https://www.cyberark.com

Number of Employees


Location

  • CyberArk Software Ltd.
  • 9 Hapsagot Street
  • Park Ofer B
  • Petah Tikva
  • 4951040
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CYBRNasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDSep 2014
CYBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2014
CYBR NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNSep 2014

Biography

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 23:33
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.