NasdaqGS:CYBR

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Solid track record 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.8%

CYBR

1.7%

US Software

0.5%

US Market


1 Year Return

15.6%

CYBR

42.9%

US Software

20.3%

US Market

Return vs Industry: CYBR underperformed the US Software industry which returned 42.9% over the past year.

Return vs Market: CYBR underperformed the US Market which returned 20.3% over the past year.


Shareholder returns

CYBRIndustryMarket
7 Day1.8%1.7%0.5%
30 Day-13.4%8.6%2.0%
90 Day-1.1%19.4%9.4%
1 Year15.6%15.6%44.4%42.9%22.8%20.3%
3 Year137.9%137.9%154.9%144.1%50.1%40.4%
5 Year92.6%92.6%223.7%200.6%73.1%54.1%

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?

71.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CYBR ($120.32) is trading above our estimate of fair value ($104.91)

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 (71.7x) compared to the Software industry average (50x).

PE vs Market: CYBR is poor value based on its PE Ratio (71.7x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: CYBR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CYBR is overvalued based on its PB Ratio (7.3x) compared to the US Software industry average (6x).


Next Steps

Future Growth

How is CyberArk Software forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

-7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CYBR's earnings are forecast to decline over the next 3 years (-7.3% per year).

Earnings vs Market: CYBR's earnings are forecast to decline over the next 3 years (-7.3% per year).

High Growth Earnings: CYBR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CYBR's revenue (14% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: CYBR's revenue (14% 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 (18.7%).


Next Steps

Past Performance

How has CyberArk Software performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CYBR has high quality earnings.

Growing Profit Margin: CYBR's current net profit margins (14.5%) are higher than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: CYBR's earnings have grown significantly by 28.8% per year over the past 5 years.

Accelerating Growth: CYBR's earnings growth over the past year (34%) exceeds its 5-year average (28.8% per year).

Earnings vs Industry: CYBR earnings growth over the past year (34%) exceeded the Software industry 18.4%.


Return on Equity

High ROE: CYBR's Return on Equity (10.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CyberArk Software's financial position?


Financial Position Analysis

Short Term Liabilities: CYBR's short term assets ($1.1B) exceed its short term liabilities ($192.7M).

Long Term Liabilities: CYBR's short term assets ($1.1B) exceed its long term liabilities ($588.4M).


Debt to Equity History and Analysis

Debt Level: CYBR's debt to equity ratio (77.7%) 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 (29.2%).

Interest Coverage: CYBR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: CYBR has a low level of unsold assets or inventory.

Debt Coverage by Assets: CYBR's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

What is CyberArk Software's 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 payouts.

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

4.4yrs

Average management tenure


CEO

Udi Mokady (50yo)

15.1yrs

Tenure

US$6,677,316

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 ($USD6.68M) is above average for companies of similar size in the US market ($USD4.89M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ehud Mokady
Founder15.1yrsUS$6.68m1.09% $49.7m
Joshua Siegel
Chief Financial Officer8.8yrsUS$2.99mno data
Marianne Budnik
Chief Marketing Officer2.8yrsUS$1.33mno data
Chen Bitan
GM of Israel & Chief Product Officer0yrsUS$1.43mno data
Ronen Zoran
2.5yrsUS$2.06mno data
Erica Smith
Vice President of Investors Relations0yrsno datano data
Donna Rahav
General Counsel6.1yrsno datano data
Clarence Hinton
Senior Vice President of Corporate Development1.1yrsno datano data
Ruth Shaked
Senior Vice President of Human Resources1.1yrsno datano data
Adam Bosnian
Executive Vice President of Global Business Development10.1yrsno datano data

4.4yrs

Average Tenure

50.5yo

Average Age

Experienced Management: CYBR's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ehud Mokady
Founder15.1yrsUS$6.68m1.09% $49.7m
David Schaeffer
Independent Director5.8yrsno datano data
Ron Gutler
Independent Director5.6yrsno datano data
François Auque
Independent Director1yrsno datano data
Kim Perdikou
Independent Director5.6yrsno datano data
Gadi Tirosh
Lead Independent Director3.6yrsno datano data
Amnon Shoshani
Independent Director10.3yrsno datano data

5.6yrs

Average Tenure

61yo

Average Age

Experienced Board: CYBR's board of directors are considered experienced (5.6 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 3.9%.


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$4.558b
  • Shares outstanding: 37.88m
  • Website: https://www.cyberark.com

Number of Employees


Location

  • CyberArk Software Ltd.
  • 9 Hapsagot Street
  • Park Ofer B
  • Petach 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, 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 02:17
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
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.