NasdaqCM:PCYG

Stock Analysis Report

Executive Summary

Park City Group, Inc., a software-as-a-service provider, designs, develops, and markets proprietary software products in North America and internationally.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

How has Park City Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.1%

PCYG

-2.7%

US Software

1.0%

US Market


1 Year Return

-33.3%

PCYG

19.2%

US Software

8.0%

US Market

Return vs Industry: PCYG underperformed the US Software industry which returned 19.2% over the past year.

Return vs Market: PCYG underperformed the US Market which returned 8% over the past year.


Shareholder returns

PCYGIndustryMarket
7 Day-2.1%-2.7%1.0%
30 Day-14.7%-2.7%-0.07%
90 Day13.0%-7.0%-1.0%
1 Year-33.3%-33.3%21.0%19.2%10.4%8.0%
3 Year-62.3%-62.3%111.2%102.7%46.2%36.7%
5 Year-28.0%-28.0%164.9%145.8%64.3%46.2%

Price Volatility Vs. Market

How volatile is Park City Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Park City Group undervalued compared to its fair value and its price relative to the market?

41.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PCYG ($5.47) is trading below our estimate of fair value ($9.35)

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


Price To Earnings Ratio

PE vs Industry: PCYG is good value based on its PE Ratio (32.7x) compared to the Software industry average (45.8x).

PE vs Market: PCYG is poor value based on its PE Ratio (32.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: PCYG is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: PCYG is good value based on its PB Ratio (2.5x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

How is Park City Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

22.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PCYG's forecast earnings growth (22.5% per year) is above the savings rate (2.7%).

Earnings vs Market: PCYG's earnings (22.5% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PCYG's revenue (13.8% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: PCYG's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PCYG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Park City Group performed over the past 5 years?

62.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PCYG has become profitable over the past 5 years, growing earnings by 62.2% per year.

Accelerating Growth: PCYG's earnings growth over the past year (16.9%) is below its 5-year average (62.2% per year).

Earnings vs Industry: PCYG earnings growth over the past year (16.9%) underperformed the Software industry 19.1%.


Return on Equity

High ROE: PCYG's Return on Equity (9%) is considered low.


Return on Assets

ROA vs Industry: PCYG's Return on Assets is below or equal to the Software industry average last year.


Return on Capital Employed

ROCE Improving: PCYG has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Park City Group's financial position?


Financial Position Analysis

Short Term Liabilities: PCYG's short term assets ($26.5M) exceeds its short term liabilities ($8.8M)

Long Term Liabilities: PCYG's short term assets (26.5M) exceeds its long term liabilities (920.8K)


Debt to Equity History and Analysis

Debt Level: PCYG's debt to equity ratio (13.6%) is considered satisfactory

Reducing Debt: PCYG's debt to equity ratio has reduced from 17.4% to 13.6% over the past 5 years.

Debt Coverage: PCYG's debt is well covered by operating cash flow (77.9%).

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


Balance Sheet

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

Debt Coverage by Assets: PCYG's debt is covered by short term assets (assets are 4.518240x debt).


Next Steps

Dividend

What is Park City Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Stable Dividend: Insufficient data to determine if PCYG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PCYG'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 PCYG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Park City Group's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Randy Fields (72yo)

18.3yrs

Tenure

US$1,496,406

Compensation

Mr. Randall K. Fields, also known as Randy, co-founded Park City Group, Inc. (Formerly, Fields Software Group) in 1990 and has been its Chairman, Chief Executive Officer and President since June 2001. Mr.  ...


CEO Compensation Analysis

Compensation vs. Market: Randy's total compensation ($USD1.50M) is about average for companies of similar size in the US market ($USD509.77K).

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


Management Age and Tenure

3.3yrs

Average Tenure

64yo

Average Age

Experienced Management: PCYG's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

7.9yrs

Average Tenure

71yo

Average Age

Experienced Board: PCYG's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$33,98016 May 19
Austin Noll
EntityIndividual
Shares5,000
Max PriceUS$6.80
BuyUS$15,10816 May 19
Randall Fields
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares2,200
Max PriceUS$6.87

Ownership Breakdown


Management Team

  • Randy Fields (72yo)

    Co-Founder

    • Tenure: 18.3yrs
    • Compensation: US$1.50m
  • Shaun Broadhead

    Vice President of Development

    • Tenure: 0yrs
    • Compensation: US$147.00k
  • John Merrill (49yo)

    Chief Financial Officer

    • Tenure: 0.4yrs
    • Compensation: US$284.37k
  • Ed Clissold (63yo)

    General Counsel & Corporate Secretary

    • Tenure: 17.6yrs
    • Compensation: US$185.00k
  • Derek Hannum

    Senior Vice President of Customer Success

    • Tenure: 0yrs
  • Elizabeth Maly

    Senior Vice President of Sales

    • Tenure: 3.1yrs
  • Christine Davidson (65yo)

    Senior VP & Chief Customer Officer

    • Tenure: 3.3yrs
  • Jozef Jamrich

    Chief Technical Officer

    • Tenure: 0yrs

Board Members

  • Ron Hodge (71yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$75.00k
  • Robert Allen (76yo)

    Independent Director

    • Tenure: 12yrs
    • Compensation: US$75.00k
  • Randy Fields (72yo)

    Co-Founder

    • Tenure: 18.3yrs
    • Compensation: US$1.50m
  • Peter Larkin (65yo)

    Independent Director

    • Tenure: 0.2yrs
  • Bill Kies (67yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: US$75.00k

Company Information

Park City Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Park City Group, Inc.
  • Ticker: PCYG
  • Exchange: NasdaqCM
  • Founded: 1990
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$108.422m
  • Shares outstanding: 19.82m
  • Website: https://www.parkcitygroup.com

Number of Employees


Location

  • Park City Group, Inc.
  • 5282 South Commerce Drive
  • Suite D292
  • Murray
  • Utah
  • 84107
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCYGNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2001
PJ4ADB (Deutsche Boerse AG)YesCommon StockDEEURJun 2001
ESCTSXV (TSX Venture Exchange)YesCommon StockCACADJun 2001

Biography

Park City Group, Inc., a software-as-a-service provider, designs, develops, and markets proprietary software products in North America and internationally. The company offers ReposiTrak MarketPlace, a supp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:37
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.