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FROG

JFrog NasdaqGS:FROG Stock Report

Last Price

US$24.68

Market Cap

US$2.4b

7D

11.2%

1Y

-38.1%

Updated

06 Aug, 2022

Data

Company Financials +
FROG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FROG Stock Overview

JFrog Ltd. provides DevOps platform in the United States.

JFrog Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JFrog
Historical stock prices
Current Share PriceUS$24.68
52 Week HighUS$42.33
52 Week LowUS$16.36
Beta0
1 Month Change3.31%
3 Month Change22.30%
1 Year Change-38.10%
3 Year Changen/a
5 Year Changen/a
Change since IPO-61.91%

Recent News & Updates

Aug 03

JFrog GAAP EPS of -$0.24 misses by $0.05, revenue of $67.81M beats by $2.29M

JFrog press release (NASDAQ:FROG): Q2 GAAP EPS of -$0.24 misses by $0.05. Revenue of $67.81M (+39.2% Y/Y) beats by $2.29M. Q3 Guidance: Revenue between $70.5 million and $71.5 million vs. consensus of $70.96 million; Non-GAAP operating income between ($0.5) million and $0.5 million; and Non-GAAP net income per diluted share between ($0.01) and $0.01 vs. consensus of $0.01 FY 2022 Guidance: Revenue between $278.5 million to $280.5 million vs. consensus of $277.13M; Non-GAAP operating income between ($1.0) million and $1.0 million; and Non-GAAP net income per diluted share between ($0.01) and $0.01.

Jul 16
Are Investors Undervaluing JFrog Ltd. (NASDAQ:FROG) By 49%?

Are Investors Undervaluing JFrog Ltd. (NASDAQ:FROG) By 49%?

Today we will run through one way of estimating the intrinsic value of JFrog Ltd. ( NASDAQ:FROG ) by taking the...

Shareholder Returns

FROGUS SoftwareUS Market
7D11.2%4.8%1.0%
1Y-38.1%-17.7%-12.9%

Return vs Industry: FROG underperformed the US Software industry which returned -17.7% over the past year.

Return vs Market: FROG underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is FROG's price volatile compared to industry and market?
FROG volatility
FROG Average Weekly Movement8.5%
Software Industry Average Movement10.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: FROG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FROG's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20081,000Shlomi Haimhttps://www.jfrog.com

JFrog Ltd. provides DevOps platform in the United States. The company’s products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance. Its products include JFrog Artifactory Edge that utilizes and leverages metadata from JFrog Artifactory to facilitate the transfer of the incremental changes in software packages from their previous versions; JFrog Mission Control, a platform control panel that provides a view of moving pieces of an organization’s software supply chain workflow; JFrog Insight, a DevOps intelligence tool; and JFrog Connect, a device management solution that allows companies to manage software updates and monitor performance across IoT device fleets from anywhere in the world.

JFrog Fundamentals Summary

How do JFrog's earnings and revenue compare to its market cap?
FROG fundamental statistics
Market CapUS$2.44b
Earnings (TTM)-US$86.64m
Revenue (TTM)US$244.44m

10.0x

P/S Ratio

-28.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FROG income statement (TTM)
RevenueUS$244.44m
Cost of RevenueUS$53.40m
Gross ProfitUS$191.04m
Other ExpensesUS$277.68m
Earnings-US$86.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.88
Gross Margin78.15%
Net Profit Margin-35.44%
Debt/Equity Ratio0%

How did FROG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FROG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FROG?

Other financial metrics that can be useful for relative valuation.

FROG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.3x
Enterprise Value/EBITDA-34.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does FROG's PS Ratio compare to its peers?

FROG PS Ratio vs Peers
The above table shows the PS ratio for FROG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.7x
PING Ping Identity Holding
7.8x17.3%US$2.4b
CVLT Commvault Systems
3.2x5.7%US$2.5b
PRGS Progress Software
3.5x5.9%US$2.1b
KNBE KnowBe4
11.1x21.7%US$3.2b
FROG JFrog
10x23.6%US$2.4b

Price-To-Sales vs Peers: FROG is expensive based on its Price-To-Sales Ratio (10x) compared to the peer average (5.7x).


Price to Earnings Ratio vs Industry

How does FROG's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: FROG is expensive based on its Price-To-Sales Ratio (10x) compared to the US Software industry average (5.2x)


Price to Sales Ratio vs Fair Ratio

What is FROG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FROG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10x
Fair PS Ratio8.9x

Price-To-Sales vs Fair Ratio: FROG is expensive based on its Price-To-Sales Ratio (10x) compared to the estimated Fair Price-To-Sales Ratio (8.9x).


Share Price vs Fair Value

What is the Fair Price of FROG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FROG ($24.68) is trading below our estimate of fair value ($56.66)

Significantly Below Fair Value: FROG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is JFrog forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FROG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FROG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FROG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FROG's revenue (23.6% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: FROG's revenue (23.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FROG's Return on Equity is forecast to be low in 3 years time (3.2%).


Discover growth companies

Past Performance

How has JFrog performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-70.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FROG is currently unprofitable.

Growing Profit Margin: FROG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FROG is unprofitable, and losses have increased over the past 5 years at a rate of 70.9% per year.

Accelerating Growth: Unable to compare FROG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FROG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.5%).


Return on Equity

High ROE: FROG has a negative Return on Equity (-13.85%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is JFrog's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FROG's short term assets ($510.2M) exceed its short term liabilities ($193.7M).

Long Term Liabilities: FROG's short term assets ($510.2M) exceed its long term liabilities ($38.5M).


Debt to Equity History and Analysis

Debt Level: FROG is debt free.

Reducing Debt: FROG has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable FROG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FROG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.8% per year.


Discover healthy companies

Dividend

What is JFrog current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate FROG'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 FROG's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FROG has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.9yrs

Average management tenure


CEO

Shlomi Haim (52 yo)

14.33yrs

Tenure

US$3,361,202

Compensation

Mr. Shlomi Ben Haim serves as Co-Founder and Chief Executive Officer at JFrog Inc since April 2008. Prior to this, he served as the Chief Executive Officer of AlphaCSP that was acquired by the biggest IT g...


CEO Compensation Analysis

Compensation vs Market: Shlomi's total compensation ($USD3.36M) is below average for companies of similar size in the US market ($USD6.58M).

Compensation vs Earnings: Shlomi's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FROG's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: FROG's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FROG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.


Top Shareholders

Company Information

JFrog Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: JFrog Ltd.
  • Ticker: FROG
  • Exchange: NasdaqGS
  • Founded: 2008
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: US$2.438b
  • Shares outstanding: 98.80m
  • Website: https://www.jfrog.com

Number of Employees


Location

  • JFrog Ltd.
  • 270 East Caribbean Drive
  • Sunnyvale
  • California
  • 94089
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.