Mimecast
Market Cap
US$2.8b
Last Updated
2021/01/19 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Mimecast Limited provides cloud security and risk management services for corporate information and email. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Mimecast's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIME is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MIME's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-0.1%
MIME
0.3%
US Software
0.3%
US Market
1 Year Return
-10.5%
MIME
40.4%
US Software
21.1%
US Market
Return vs Industry: MIME underperformed the US Software industry which returned 38.5% over the past year.
Return vs Market: MIME underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| MIME | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 0.3% | 0.3% |
| 30 Day | -18.9% | -1.7% | 3.3% |
| 90 Day | 3.0% | 5.2% | 14.2% |
| 1 Year | -10.5%-10.5% | 41.3%40.4% | 23.8%21.1% |
| 3 Year | 36.2%36.2% | 124.5%117.3% | 45.0%35.4% |
| 5 Year | 541.4%541.4% | 266.8%247.1% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Mimecast's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Is Mimecast's (NASDAQ:MIME) CEO Compensated?3 weeks ago | Simply Wall St
Why Mimecast Limited (NASDAQ:MIME) Could Be Worth Watching1 month ago | Simply Wall St
Mimecast Limited's (NASDAQ:MIME) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Valuation
Is Mimecast undervalued compared to its fair value and its price relative to the market?
24.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MIME ($44.32) is trading below our estimate of fair value ($58.59)
Significantly Below Fair Value: MIME is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MIME is poor value based on its PE Ratio (175x) compared to the US Software industry average (58.9x).
PE vs Market: MIME is poor value based on its PE Ratio (175x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: MIME is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: MIME is overvalued based on its PB Ratio (9.6x) compared to the US Software industry average (9.5x).
Next Steps
Future Growth
How is Mimecast forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
52.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIME's forecast earnings growth (52% per year) is above the savings rate (2%).
Earnings vs Market: MIME's earnings (52% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MIME's revenue (16.2% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: MIME's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MIME's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has Mimecast performed over the past 5 years?
1.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIME has high quality earnings.
Growing Profit Margin: MIME became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MIME has become profitable over the past 5 years, growing earnings by 1.1% per year.
Accelerating Growth: MIME has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MIME has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (14.3%).
Return on Equity
High ROE: MIME's Return on Equity (5.4%) is considered low.
Next Steps
Financial Health
How is Mimecast's financial position?
Financial Position Analysis
Short Term Liabilities: MIME's short term assets ($344.6M) exceed its short term liabilities ($290.8M).
Long Term Liabilities: MIME's short term assets ($344.6M) exceed its long term liabilities ($239.7M).
Debt to Equity History and Analysis
Debt Level: MIME's debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: MIME's debt to equity ratio has reduced from 84.2% to 36.5% over the past 5 years.
Debt Coverage: MIME's debt is well covered by operating cash flow (97.5%).
Interest Coverage: MIME's interest payments on its debt are well covered by EBIT (10.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Mimecast current dividend yield, its reliability and sustainability?
0.45%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MIME'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 MIME's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIME'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 MIME'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?
4.2yrs
Average management tenure
CEO
Peter Bauer (46 yo)
18yrs
Tenure
US$2,345,089
Compensation
Mr. Peter C. Bauer co-founded Mimecast Limited in 2003 and has been its Chairman and Chief Executive Officer since 2003. Mr. Bauer is a technology marketer and business leader with a successful track recor...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD2.35M) is below average for companies of similar size in the US market ($USD5.00M).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 18yrs | US$2.35m | 5.38% $ 152.2m | |
| Chief Financial Officer | 1.83yrs | US$6.77m | 0.014% $ 391.9k | |
| Chief Revenue Officer | 4.17yrs | US$2.98m | 0.010% $ 283.5k | |
| Senior Vice President of Customer Success & Support | 1.17yrs | US$2.84m | 0.0052% $ 146.7k | |
| Chief Strategy Officer | 2.75yrs | US$1.83m | 0.021% $ 587.0k | |
| Chief Scientist | 10.58yrs | no data | no data | |
| Chief Information Officer | 0.083yr | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | 4.33yrs | US$489.83k | 0.0058% $ 164.2k | |
| Vice President of Business Development | 9.67yrs | no data | no data | |
| Senior Vice President of Global Marketing | 4.92yrs | no data | 0.0040% $ 114.7k | |
| Chief Human Resources Officer | 2yrs | US$3.61m | 0.0068% $ 193.4k |
4.2yrs
Average Tenure
52yo
Average Age
Experienced Management: MIME's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 18yrs | US$2.35m | 5.38% $ 152.2m | |
| Independent Director | 3.75yrs | US$199.97k | 0.027% $ 771.6k | |
| Independent Director | 2yrs | US$201.22k | 0.0093% $ 263.6k | |
| Independent Non-Executive Director | 5.5yrs | US$224.97k | 0.052% $ 1.5m | |
| Lead Independent Director | 6yrs | US$219.97k | 0.15% $ 4.2m | |
| Director | 18yrs | US$199.97k | 1.64% $ 46.3m | |
| Independent Director | 3yrs | US$199.97k | 0.020% $ 570.6k | |
| Independent Director | 1.08yrs | US$216.66k | no data | |
| Independent Director | no data | no data | no data |
4.6yrs
Average Tenure
58yo
Average Age
Experienced Board: MIME's board of directors are considered experienced (4.6 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.
Top Shareholders
Company Information
Mimecast Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mimecast Limited
- Ticker: MIME
- Exchange: NasdaqGS
- Founded: 2003
- Industry: Application Software
- Sector: Software
- Market Cap: US$2.832b
- Shares outstanding: 63.89m
- Website: https://www.mimecast.com
Number of Employees
Location
- Mimecast Limited
- 1 Finsbury Avenue
- London
- Greater London
- EC2M 2PF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MIME | NasdaqGS (Nasdaq Global Select) | Yes | Ordinary Shares | US | USD | Nov 2015 |
| 53M | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2015 |
Biography
Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malwar...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:43 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.