NasdaqCM:PCYG

Stock Analysis Report

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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 Analysis

Flawless balance sheet and fair 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

Stable Share Price: PCYG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.5%

PCYG

-5.3%

US Software

-0.04%

US Market


1 Year Return

4.8%

PCYG

39.1%

US Software

17.1%

US Market

Return vs Industry: PCYG underperformed the US Software industry which returned 39.1% over the past year.

Return vs Market: PCYG underperformed the US Market which returned 17.1% over the past year.


Shareholder returns

PCYGIndustryMarket
7 Day6.5%-5.3%-0.04%
30 Day35.8%-1.7%5.1%
90 Day2.9%14.1%19.5%
1 Year4.8%4.8%39.9%39.1%19.6%17.1%
3 Year-57.5%-57.5%139.8%132.1%42.5%33.3%
5 Year-57.8%-57.8%232.3%213.4%75.1%56.2%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PCYG ($5.27) is trading below our estimate of fair value ($10.99)

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


Price To Earnings Ratio

PE vs Industry: PCYG is poor value based on its PE Ratio (146.9x) compared to the US Software industry average (52.3x).

PE vs Market: PCYG is poor value based on its PE Ratio (146.9x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PCYG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PCYG is good value based on its PB Ratio (2.4x) compared to the US Software industry average (7.2x).


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?

13.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PCYG's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if PCYG's earnings are forecast to grow faster than the US market

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

Revenue vs Market: PCYG's revenue (13.6% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: PCYG's revenue (13.6% 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

  • Explore growth companies in the Software industry.

Past Performance

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

56.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCYG has high quality earnings.

Growing Profit Margin: PCYG's current net profit margins (3.7%) are lower than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: PCYG has become profitable over the past 5 years, growing earnings by 56.2% per year.

Accelerating Growth: PCYG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PCYG had negative earnings growth (-83.9%) over the past year, making it difficult to compare to the Software industry average (11.5%).


Return on Equity

High ROE: PCYG's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Park City Group's financial position?


Financial Position Analysis

Short Term Liabilities: PCYG's short term assets ($25.4M) exceed its short term liabilities ($8.6M).

Long Term Liabilities: PCYG's short term assets ($25.4M) exceed its long term liabilities ($1.4M).


Debt to Equity History and Analysis

Debt Level: PCYG's debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: PCYG's debt to equity ratio has reduced from 14.9% to 11.9% over the past 5 years.

Debt Coverage: PCYG's debt is well covered by operating cash flow (67.4%).

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


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PCYG'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 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

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

18.4yrs

Average management tenure


CEO

Randy Fields (73 yo)

19.17yrs

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 ($USD1.50M) is above average for companies of similar size in the US market ($USD589.03K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Randall Fields
Co-Founder19.17yrsUS$1.50m26.92%
$ 27.6m
John Merrill
Chief Financial Officer1.25yrsUS$284.37k0.17%
$ 176.0k
Edward Clissold
General Counsel & Corporate Secretary18.42yrsUS$185.00k0.36%
$ 364.7k
Jozef Jamrich
Chief Technology Officerno datano datano data
Derek Hannum
Senior Vice President of Customer Successno datano datano data
Joe Meherg
Senior Vice President of Salesno datano datano data
Shaun Broadhead
Vice President of Developmentno dataUS$147.00kno data

18.4yrs

Average Tenure

64yo

Average Age

Experienced Management: PCYG's management team is seasoned and experienced (18.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randall Fields
Co-Founder19.17yrsUS$1.50m26.92%
$ 27.6m
Ronald Hodge
Independent Director7.5yrsUS$75.00k2.6%
$ 2.7m
Robert Allen
Independent Director12.83yrsUS$75.00k4.02%
$ 4.1m
Peter Larkin
Independent Director1yrno data0.13%
$ 130.4k

10.2yrs

Average Tenure

72.5yo

Average Age

Experienced Board: PCYG's board of directors are seasoned and experienced ( 10.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$102.552m
  • Shares outstanding: 19.46m
  • 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 Analysis2020/08/12 23:46
End of Day Share Price2020/08/12 00:00
Earnings2020/03/31
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.