FROG Stock Overview
JFrog Ltd. provides DevOps platform in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$24.68|
|52 Week High||US$42.33|
|52 Week Low||US$16.36|
|1 Month Change||3.31%|
|3 Month Change||22.30%|
|1 Year Change||-38.10%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-61.91%|
Recent News & Updates
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.
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...
|FROG||US Software||US Market|
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.
|FROG Average Weekly Movement||8.5%|
|Software Industry Average Movement||10.7%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.2%|
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
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
|FROG fundamental statistics|
Is FROG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FROG income statement (TTM)|
|Cost of Revenue||US$53.40m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.88|
|Net Profit Margin||-35.44%|
How did FROG perform over the long term?See historical performance and comparison
Is FROG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is FROG's n/a Ratio?|
Price to Sales Ratio vs Peers
How does FROG's PS Ratio compare to its peers?
|FROG PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
PING Ping Identity Holding
CVLT Commvault Systems
PRGS Progress Software
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.
|Current PS Ratio||10x|
|Fair PS Ratio||8.9x|
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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How is JFrog forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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%).
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How has JFrog performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is JFrog's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
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.
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.
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What is JFrog current dividend yield, its reliability and sustainability?
Dividend Score 0/6
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shlomi Haim (52 yo)
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.
Experienced Management: FROG's management team is considered experienced (3.9 years average tenure).
Experienced Board: FROG's board of directors are considered experienced (5.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
JFrog Ltd.'s employee growth, exchange listings and data sources
- 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
- JFrog Ltd.
- 270 East Caribbean Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/06 00:00|
|End of Day Share Price||2022/08/05 00:00|
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.