NasdaqGS:PRFT

Stock Analysis Report

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Market Cap

US$2.8b

Last Updated

2021/07/24 23:30 UTC

Data Sources

Company Financials +

Executive Summary

Perficient, Inc. provides digital consultancy services and solutions in the United States. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Perficient's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRFT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PRFT's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.4%

PRFT

3.2%

US IT

2.0%

US Market


1 Year Return

131.9%

PRFT

38.2%

US IT

39.1%

US Market

Return vs Industry: PRFT exceeded the US IT industry which returned 38.2% over the past year.

Return vs Market: PRFT exceeded the US Market which returned 39.1% over the past year.


Shareholder returns

PRFTIndustryMarket
7 Day1.4%3.2%2.0%
30 Day2.2%4.2%1.6%
90 Day30.8%6.5%3.5%
1 Year131.9%131.9%39.3%38.2%41.3%39.1%
3 Year214.6%214.6%103.9%97.2%64.0%53.8%
5 Year277.8%277.8%233.8%210.4%123.9%99.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Perficient undervalued compared to its fair value and its price relative to the market?

76.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PRFT ($83.94) is trading above our estimate of fair value ($73.67)

Significantly Below Fair Value: PRFT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PRFT is poor value based on its PE Ratio (76.8x) compared to the US IT industry average (35.7x).

PE vs Market: PRFT is poor value based on its PE Ratio (76.8x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: PRFT is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: PRFT is overvalued based on its PB Ratio (6.8x) compared to the US IT industry average (5x).


Future Growth

How is Perficient forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

23.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRFT's forecast earnings growth (23.7% per year) is above the savings rate (2%).

Earnings vs Market: PRFT's earnings (23.7% per year) are forecast to grow faster than the US market (15% per year).

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

Revenue vs Market: PRFT's revenue (8.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: PRFT's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRFT's Return on Equity is forecast to be high in 3 years time (23.8%)


Past Performance

How has Perficient performed over the past 5 years?

13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRFT has a large one-off loss of $16.8M impacting its March 31 2021 financial results.

Growing Profit Margin: PRFT's current net profit margins (5.5%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: PRFT's earnings have grown by 13.5% per year over the past 5 years.

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

Earnings vs Industry: PRFT had negative earnings growth (-10.9%) over the past year, making it difficult to compare to the IT industry average (16.7%).


Return on Equity

High ROE: PRFT's Return on Equity (8.7%) is considered low.


Financial Health

How is Perficient's financial position?


Financial Position Analysis

Short Term Liabilities: PRFT's short term assets ($222.1M) exceed its short term liabilities ($103.5M).

Long Term Liabilities: PRFT's short term assets ($222.1M) do not cover its long term liabilities ($265.5M).


Debt to Equity History and Analysis

Debt Level: PRFT's debt to equity ratio (46.7%) is considered high.

Reducing Debt: PRFT's debt to equity ratio has increased from 15.7% to 46.7% over the past 5 years.

Debt Coverage: PRFT's debt is well covered by operating cash flow (66.4%).

Interest Coverage: PRFT's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

What is Perficient current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PRFT'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 PRFT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRFT'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 PRFT'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?

3.4yrs

Average management tenure


CEO

Jeff Davis (57 yo)

11.83yrs

Tenure

US$5,573,320

Compensation

Mr. Jeffrey S. Davis, also known as Jeff, has been the Chief Executive Officer of Perficient, Inc. since September 01, 2009 and had been its President since 2004 until February 23, 2021. Mr. Davis served a...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD5.57M) is about average for companies of similar size in the US market ($USD5.33M).

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


Leadership Team

Experienced Management: PRFT's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: PRFT's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRFT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Perficient, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Perficient, Inc.
  • Ticker: PRFT
  • Exchange: NasdaqGS
  • Founded: 1997
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: US$2.774b
  • Shares outstanding: 33.05m
  • Website: https://www.perficient.com

Number of Employees


Location

  • Perficient, Inc.
  • 555 Maryville University Drive
  • Suite 600
  • St. Louis
  • Missouri
  • 63141
  • United States

Listings


Biography

Perficient, Inc. provides digital consultancy services and solutions in the United States. The company offers solutions in the digital and technology strategy, management consulting, and organizational cha...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/24 23:30
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.