| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
KNBE Stock Overview
KnowBe4, Inc. engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform.
KnowBe4 Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.28 |
| 52 Week High | US$33.64 |
| 52 Week Low | US$13.78 |
| Beta | 0 |
| 1 Month Change | -5.62% |
| 3 Month Change | -30.49% |
| 1 Year Change | -40.65% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -32.56% |
Recent News & Updates
KnowBe4 Grows While Producing Profits And Free Cash Flow
KnowBe4 went public in April 2021, raising $152 million in an IPO. The firm provides cybersecurity technologies to organizations seeking to defend themselves against phishing and other social engineering attacks. KNBE has grown revenue, is earnings positive and generates free cash flow while being reasonably valued. My outlook on KNBE is a Buy at around $18.80 per share.
Shareholder Returns
| KNBE | US Software | US Market | |
|---|---|---|---|
| 7D | -6.9% | -4.7% | -2.5% |
| 1Y | -40.6% | -23.7% | -21.2% |
Return vs Industry: KNBE underperformed the US Software industry which returned -23.6% over the past year.
Return vs Market: KNBE underperformed the US Market which returned -21.7% over the past year.
Price Volatility
| KNBE volatility | |
|---|---|
| KNBE Average Weekly Movement | 10.4% |
| Software Industry Average Movement | 11.0% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: KNBE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: KNBE's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2010 | 1,366 | Stu Sjouwerman | https://www.knowbe4.com |
KnowBe4, Inc. engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform. The company provides a platform incorporating security awareness training and simulated phishing with analytics and reporting that helps organizations manage the ongoing problem of social engineering. Its products include Kevin Mitnick Security Awareness Training, a security awareness training product; Compliance Plus, a compliance training product, which enables organizations to offer their employees with relevant, timely, and engaging compliance content across a range of topics from data privacy to diversity, equity, and inclusion; PhishER, its security orchestration, automation, and response product, which enables security professionals to prioritize and automate security workstreams in response to attacks targeted at the human layer; and KnowBe4 Compliance Manager, its governance, risk, and compliance product that enables organizations to analyze security risk and automate the management of compliance and audit functions.
KnowBe4 Fundamentals Summary
| KNBE fundamental statistics | |
|---|---|
| Market Cap | US$2.85b |
| Earnings (TTM) | -US$12.68m |
| Revenue (TTM) | US$267.78m |
10.6x
P/S Ratio-224.7x
P/E RatioIs KNBE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KNBE income statement (TTM) | |
|---|---|
| Revenue | US$267.78m |
| Cost of Revenue | US$37.92m |
| Gross Profit | US$229.86m |
| Other Expenses | US$242.55m |
| Earnings | -US$12.68m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.072 |
| Gross Margin | 85.84% |
| Net Profit Margin | -4.74% |
| Debt/Equity Ratio | 0% |
How did KNBE perform over the long term?
See historical performance and comparisonValuation
Is KNBE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KNBE?
Other financial metrics that can be useful for relative valuation.
| What is KNBE's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$2.85b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 9.6x |
| Enterprise Value/EBITDA | -1668x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does KNBE's PS Ratio compare to its peers?
| KNBE PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 6.1x | ||
CVLT Commvault Systems | 3.7x | 6.5% | US$2.9b |
IS ironSource | 3.9x | 19.4% | US$2.5b |
VRNS Varonis Systems | 8.1x | 17.9% | US$3.3b |
APPN Appian | 8.6x | 18.3% | US$3.4b |
KNBE KnowBe4 | 10.6x | 22.7% | US$2.9b |
Price-To-Sales vs Peers: KNBE is expensive based on its Price-To-Sales Ratio (10.6x) compared to the peer average (6.1x).
Price to Earnings Ratio vs Industry
How does KNBE's PE Ratio compare vs other companies in the US Software Industry?
Price-To-Sales vs Industry: KNBE is expensive based on its Price-To-Sales Ratio (10.6x) compared to the US Software industry average (4.4x)
Price to Sales Ratio vs Fair Ratio
What is KNBE'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 10.6x |
| Fair PS Ratio | 10.5x |
Price-To-Sales vs Fair Ratio: KNBE is expensive based on its Price-To-Sales Ratio (10.6x) compared to the estimated Fair Price-To-Sales Ratio (10.5x).
Share Price vs Fair Value
What is the Fair Price of KNBE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KNBE ($16.28) is trading below our estimate of fair value ($18.2)
Significantly Below Fair Value: KNBE is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KNBE's PEG Ratio to determine if it is good value.
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Future Growth
How is KnowBe4 forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
114.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KNBE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: KNBE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: KNBE is expected to become profitable in the next 3 years.
Revenue vs Market: KNBE's revenue (22.7% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: KNBE's revenue (22.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KNBE's Return on Equity is forecast to be low in 3 years time (17.6%).
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Past Performance
How has KnowBe4 performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
56.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KNBE is currently unprofitable.
Growing Profit Margin: KNBE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KNBE is unprofitable, but has reduced losses over the past 5 years at a rate of 56.8% per year.
Accelerating Growth: Unable to compare KNBE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KNBE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (26.8%).
Return on Equity
High ROE: KNBE has a negative Return on Equity (-5.64%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is KnowBe4's financial position?
Financial Health Score
6/6Financial 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: KNBE's short term assets ($382.0M) exceed its short term liabilities ($240.2M).
Long Term Liabilities: KNBE's short term assets ($382.0M) exceed its long term liabilities ($103.0M).
Debt to Equity History and Analysis
Debt Level: KNBE is debt free.
Reducing Debt: KNBE 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 KNBE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KNBE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.7% per year.
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Dividend
What is KnowBe4 current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KNBE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KNBE'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 KNBE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KNBE'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 KNBE has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Stu Sjouwerman (65 yo)
11.83yrs
Tenure
US$7,530,436
Compensation
Mr. Sjoerd Sjouwerman, also known as Stu, founded KnowBe4, Inc. in August 2010 and has been its Chief Executive Officer and Director since August 2010 and serves as its Chairman of the Board. Mr. Sjouwerma...
CEO Compensation Analysis
Compensation vs Market: Stu's total compensation ($USD7.53M) is about average for companies of similar size in the US market ($USD6.90M).
Compensation vs Earnings: Stu's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: KNBE's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: KNBE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.
Top Shareholders
Company Information
KnowBe4, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: KnowBe4, Inc.
- Ticker: KNBE
- Exchange: NasdaqGS
- Founded: 2010
- Industry: Systems Software
- Sector: Software
- Implied Market Cap: US$2.850b
- Shares outstanding: 175.07m
- Website: https://www.knowbe4.com
Number of Employees
Location
- KnowBe4, Inc.
- 33 North Garden Avenue
- Suite 1200
- Clearwater
- Florida
- 33755
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.