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Perficient

Nasdaq:PRFT
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRFT
Nasdaq
$912M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Perficient, Inc. provides information technology and management consulting services in the United States. The last earnings update was 25 days ago. More info.


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PRFT Share Price and Events
7 Day Returns
-4.1%
NasdaqGS:PRFT
-0.2%
US IT
-1.1%
US Market
1 Year Returns
20.7%
NasdaqGS:PRFT
21.5%
US IT
6.4%
US Market
PRFT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perficient (PRFT) -4.1% 3.3% 30.2% 20.7% 35.1% 54.8%
US IT -0.2% 4.7% 27.6% 21.5% 78.5% 97.6%
US Market -1.1% 0.3% 16.7% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • PRFT outperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
PRFT
Industry
5yr Volatility vs Market

PRFT Value

 Is Perficient undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Perficient to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Perficient.

NasdaqGS:PRFT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PRFT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 21%) (13.16%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.116 * 5.96%)
9.38%

Discounted Cash Flow Calculation for NasdaqGS:PRFT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Perficient is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:PRFT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.38%)
2019 50.00 Analyst x1 45.71
2020 67.00 Analyst x1 56.00
2021 70.53 Est @ 5.28% 53.90
2022 73.72 Est @ 4.51% 51.50
2023 76.65 Est @ 3.98% 48.96
2024 79.41 Est @ 3.6% 46.37
2025 82.06 Est @ 3.34% 43.81
2026 84.65 Est @ 3.16% 41.32
2027 87.22 Est @ 3.03% 38.92
2028 89.78 Est @ 2.94% 36.63
Present value of next 10 years cash flows $463.12
NasdaqGS:PRFT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $89.78 × (1 + 2.73%) ÷ (9.38% – 2.73%)
$1,387.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,387.02 ÷ (1 + 9.38%)10
$565.87
NasdaqGS:PRFT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $463.12 + $565.87
$1,028.99
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,028.99 / 33.17
$31.02
NasdaqGS:PRFT Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.02
Current discount Discount to share price of $27.50
= -1 x ($27.50 - $31.02) / $31.02
11.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Perficient is available for.
Intrinsic value
11%
Share price is $27.5 vs Future cash flow value of $31.02
Current Discount Checks
For Perficient to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Perficient's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Perficient's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Perficient's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perficient's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PRFT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.76
NasdaqGS:PRFT Share Price ** NasdaqGS (2019-03-22) in USD $27.5
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.06x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Perficient.

NasdaqGS:PRFT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PRFT Share Price ÷ EPS (both in USD)

= 27.5 ÷ 0.76

36.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perficient is overvalued based on earnings compared to the US IT industry average.
  • Perficient is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Perficient's expected growth come at a high price?
Raw Data
NasdaqGS:PRFT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 36.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
14.1%per year
United States of America IT Industry PEG Ratio Median Figure of 65 Publicly-Listed IT Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NasdaqGS:PRFT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 36.3x ÷ 14.1%

2.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perficient is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Perficient's assets?
Raw Data
NasdaqGS:PRFT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $11.13
NasdaqGS:PRFT Share Price * NasdaqGS (2019-03-22) in USD $27.5
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.4x
United States of America Market PB Ratio Median Figure of 5,164 Publicly-Listed Companies 1.84x
NasdaqGS:PRFT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PRFT Share Price ÷ Book Value per Share (both in USD)

= 27.5 ÷ 11.13

2.47x

* Primary Listing of Perficient.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perficient is good value based on assets compared to the US IT industry average.
X
Value checks
We assess Perficient's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Perficient has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRFT Future Performance

 How is Perficient expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Perficient expected to grow at an attractive rate?
  • Perficient's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Perficient's earnings growth is positive but not above the United States of America market average.
  • Perficient's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PRFT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PRFT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 14.1%
NasdaqGS:PRFT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.6%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PRFT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PRFT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 558 68 32 6
2019-12-31 531 62 27 6
NasdaqGS:PRFT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 498 69 25
2018-09-30 488 68 24
2018-06-30 488 60 24
2018-03-31 483 46 21
2017-12-31 485 55 19
2017-09-30 468 54 16
2017-06-30 458 59 14
2017-03-31 460 72 18
2016-12-31 487 63 20
2016-09-30 482 58 24
2016-06-30 485 53 26
2016-03-31 470 41 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Perficient's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Perficient's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PRFT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Perficient Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PRFT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.00 1.12 0.87 5.00
2019-12-31 0.84 0.94 0.77 5.00
NasdaqGS:PRFT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.76
2018-09-30 0.72
2018-06-30 0.74
2018-03-31 0.63
2017-12-31 0.56
2017-09-30 0.48
2017-06-30 0.43
2017-03-31 0.52
2016-12-31 0.60
2016-09-30 0.72
2016-06-30 0.77
2016-03-31 0.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Perficient will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Perficient's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Perficient has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRFT Past Performance

  How has Perficient performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Perficient's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Perficient's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Perficient's 1-year earnings growth exceeds its 5-year average (32.2% vs -1.2%)
  • Perficient's earnings growth has exceeded the US IT industry average in the past year (32.2% vs 14.6%).
Earnings and Revenue History
Perficient's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Perficient Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PRFT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 498.38 24.56 118.48
2018-09-30 487.78 23.52 115.25
2018-06-30 487.59 24.24 113.00
2018-03-31 482.82 20.80 111.25
2017-12-31 485.26 18.58 108.19
2017-09-30 467.83 15.84 103.37
2017-06-30 458.24 14.36 100.77
2017-03-31 460.34 17.76 100.23
2016-12-31 486.98 20.46 101.26
2016-09-30 481.93 24.34 104.17
2016-06-30 484.66 26.17 103.41
2016-03-31 470.18 24.35 102.63
2015-12-31 458.09 23.01 99.96
2015-09-30 450.21 21.86 97.42
2015-06-30 445.51 21.79 95.94
2015-03-31 453.08 24.18 93.56
2014-12-31 439.44 23.16 90.20
2014-09-30 410.98 22.25 85.70
2014-06-30 391.00 22.18 84.00
2014-03-31 368.89 20.35 80.41
2013-12-31 356.81 21.43 77.60
2013-09-30 343.54 20.30 73.04
2013-06-30 334.75 18.20 70.22
2013-03-31 322.37 17.24 67.93
2012-12-31 311.74 16.11 64.85
2012-09-30 298.18 14.45 62.45
2012-06-30 281.13 12.78 58.54
2012-03-31 265.99 11.94 55.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Perficient has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Perficient used its assets less efficiently than the US IT industry average last year based on Return on Assets.
  • Perficient's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Perficient's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Perficient has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRFT Health

 How is Perficient's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Perficient's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perficient is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Perficient's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Perficient's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Perficient Company Filings, last reported 2 months ago.

NasdaqGS:PRFT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 353.68 120.07 44.98
2018-09-30 355.00 119.04 44.95
2018-06-30 373.75 56.00 10.36
2018-03-31 369.69 56.00 5.48
2017-12-31 366.35 55.00 6.31
2017-09-30 366.52 65.00 2.45
2017-06-30 359.48 68.00 5.69
2017-03-31 358.26 38.50 10.89
2016-12-31 359.47 32.00 10.11
2016-09-30 371.99 28.00 10.22
2016-06-30 363.48 36.00 9.49
2016-03-31 355.63 56.00 9.02
2015-12-31 348.81 56.00 8.81
2015-09-30 336.34 61.00 8.69
2015-06-30 325.48 60.00 6.84
2015-03-31 320.28 67.50 6.35
2014-12-31 304.73 54.00 10.94
2014-09-30 300.43 74.80 5.41
2014-06-30 289.40 71.00 6.63
2014-03-31 277.12 50.00 4.73
2013-12-31 259.49 19.00 7.02
2013-09-30 250.59 16.00 5.44
2013-06-30 243.37 20.30 4.68
2013-03-31 239.61 6.00 4.15
2012-12-31 234.41 2.80 5.81
2012-09-30 232.89 11.50 3.48
2012-06-30 221.73 12.50 4.23
2012-03-31 210.01 6.20 2.65
  • Perficient's level of debt (33.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.4% vs 33.9% today).
  • Debt is well covered by operating cash flow (57.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.1x coverage).
X
Financial health checks
We assess Perficient's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Perficient has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRFT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Perficient dividends.
If you bought $2,000 of Perficient shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Perficient's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Perficient's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PRFT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PRFT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Perficient has not reported any payouts.
  • Unable to verify if Perficient's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Perficient's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Perficient has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Perficient's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Perficient afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perficient has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRFT Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Davis
COMPENSATION $3,761,105
AGE 54
TENURE AS CEO 9.5 years
CEO Bio

Mr. Jeffrey S. Davis, also known as Jeff, has been the Chief Executive Officer of Perficient, Inc. since September 1, 2009 and has been its President since 2004. Mr. Davis served as Chief Operating Officer of Perficient, Inc. since April 2002. He served as Chief Operating Officer at Vertecon since October 1999. He has 13 years of experience in technology management and consulting. Prior to Vertecon, he served as Senior Manager and member of the leadership team in Arthur Andersen's Business Consulting Practice starting in January 1999 where he was responsible for defining and managing internal processes, while managing business development and delivery of products, services and solutions to a number of large accounts. Mr. Davis served at Ernst & Young for two years, Mallinckrodt, Inc. for two years and spent five years at McDonnel Douglas in many different technical and managerial positions. He has been the Chairman at Perficient, Inc. since February 2017. He has been a Director of Perficient, Inc. since September 1, 2009. Mr. Davis has a M.B.A. from Washington University and a B.S. degree in Electrical Engineering from the University of Missouri. Mr. Davis is an active volunteer member of the board of directors of the Cystic Fibrosis Foundation of St. Louis and a member of the University of Missouri Trulaske College of Business advisory board.

CEO Compensation
  • Jeff's compensation has increased by more than 20% in the past year.
  • Jeff's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Perficient management team in years:

1
Average Tenure
54
Average Age
  • The average tenure for the Perficient management team is less than 2 years, this suggests a new team.
Management Team

Jeff Davis

TITLE
Chairman
COMPENSATION
$4M
AGE
54
TENURE
9.5 yrs

Paul Martin

TITLE
CFO, Treasurer & Secretary
COMPENSATION
$1M
AGE
57
TENURE
12.6 yrs

Kathy Henely

TITLE
Executive Officer
COMPENSATION
$2M
AGE
54
TENURE
0.3 yrs

Tom Hogan

TITLE
Chief Operating Officer
AGE
41
TENURE
0.3 yrs

Eric Roch

TITLE
CTO and Chief Strategist of IT Modernization & Integration

Bill Davis

TITLE
Vice President of Marketing & Communications

Patrick Schwierking

TITLE
Vice President of Sales & North America East Region
TENURE
1.7 yrs

Susan Adomite

TITLE
Vice President & Controller
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Perficient board of directors in years:

2.1
Average Tenure
57.5
Average Age
  • The average tenure for the Perficient board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Davis

TITLE
Chairman
COMPENSATION
$4M
AGE
54
TENURE
2.1 yrs

David Lundeen

TITLE
Director
COMPENSATION
$84K
AGE
56
TENURE
20.9 yrs

Ralph Derrickson

TITLE
Director
COMPENSATION
$67K
AGE
59
TENURE
14.7 yrs

James Kackley

TITLE
Lead Director
COMPENSATION
$120K
AGE
76
TENURE
2.1 yrs

Brian Matthews

TITLE
Director
COMPENSATION
$155K
AGE
60
TENURE
1.9 yrs

Gary Wimberly

TITLE
Independent Director
AGE
56
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Perficient insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Mar 19 Buy Gary Wimberly Individual 12. Mar 19 12. Mar 19 861 $28.86 $24,848
05. Mar 19 Sell Paul Martin Individual 02. Mar 19 04. Mar 19 -21,370 $29.20 $-621,484
05. Mar 19 Sell Thomas Hogan Individual 02. Mar 19 05. Mar 19 -15,593 $29.20 $-452,389
05. Mar 19 Sell Jeffrey Davis Individual 02. Mar 19 04. Mar 19 -57,676 $29.20 $-1,677,846
17. Dec 18 Buy David Lundeen Individual 13. Dec 18 13. Dec 18 1,000 $23.60 $23,600
15. Nov 18 Buy James Kackley Individual 13. Nov 18 13. Nov 18 1,000 $25.16 $25,160
14. Jun 18 Sell James Kackley Individual 12. Jun 18 12. Jun 18 -4,000 $26.79 $-107,160
25. May 18 Buy Gary Wimberly Individual 23. May 18 23. May 18 4,945 $25.35 $125,276
09. May 18 Sell Kathryn Henely Individual 07. May 18 08. May 18 -41,703 $24.20 $-1,008,459
X
Management checks
We assess Perficient's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Perficient has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRFT News

Simply Wall St News

Why Perficient, Inc.'s (NASDAQ:PRFT) High P/E Ratio Isn't Necessarily A Bad Thing

We'll show how you can use Perficient, Inc.'s (NASDAQ:PRFT) P/E ratio to inform your assessment of the investment opportunity. … Perficient has a price to earnings ratio of 38.01, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Perficient, Inc. (NASDAQ:PRFT) Spending Too Much Money?

I’ve analysed below, the health and outlook of Perficient’s cash flow, which will help you understand the stock from a cash standpoint. … Free cash flow (FCF) is the amount of cash Perficient has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … The two ways to assess whether Perficient’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

A Look At The Intrinsic Value Of Perficient, Inc. (NASDAQ:PRFT)

by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Is Perficient, Inc.'s (NASDAQ:PRFT) CEO Pay Fair?

In 2009 Jeff Davis was appointed CEO of Perficient, Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Jeff Davis's Compensation Compare With Similar Sized Companies?

Simply Wall St -

At US$25.24, Is It Time To Put Perficient, Inc. (NASDAQ:PRFT) On Your Watch List?

(NASDAQ:PRFT), which is in the it business, and is based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Perficient’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Why Perficient, Inc.’s (NASDAQ:PRFT) Return On Capital Employed Looks Uninspiring

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Many Insiders Sold Perficient, Inc. (NASDAQ:PRFT) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Perficient, Inc. … Perficient Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Perficient shares, than buying.

Simply Wall St -

Should Perficient, Inc. (NASDAQ:PRFT) Focus On Improving This Fundamental Metric?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Perficient has a return on equity of 6.6% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Interested In Perficient Inc (NASDAQ:PRFT)? Here's What Its Recent Performance Looks Like

Below, I will assess PRFT's recent performance announced on 30 September 2018 and compare these figures to its historical trend and industry movements. … Did PRFT's recent earnings growth beat the long-term trend and the industry. … PRFT's trailing twelve-month earnings (from 30 September 2018) of US$24m has.

Simply Wall St -

Is Perficient Inc’s (NASDAQ:PRFT) Cash Outlook Optimistic?

I will take you through Perficient’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … What is free cash flow. … Free cash flow (FCF) is the amount of cash Perficient has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

PRFT Company Info

Description

Perficient, Inc. provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, commerce, content management, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations. The company also offers management consulting services in the areas of organizational change management, business analytics, project management, process excellence, and other; and cloud services comprising architecture, business value and health checks assessments, strategy and road maps, and vendor evaluation and selection services. In addition, it provides digital marketing services, including search engine marketing, user experience and design, and conversion rate optimization; commerce solutions; and content management solutions. Further, the company offers business analytics; custom applications; business integration; business process management; customer relationship management; enterprise data and business intelligence; enterprise performance management; DevOps; and enterprise mobile solutions. It serves the healthcare, financial services, automotive and transportation, retail and consumer goods, manufacturing, electronics and computer hardware, telecommunications, business services and leisure, media and entertainment, and energy and utilities markets. Perficient, Inc. was founded in 1997 and is headquartered in St. Louis, Missouri.

Details
Name: Perficient, Inc.
PRFT
Exchange: NasdaqGS
Founded: 1997
$912,308,430
33,174,852
Website: http://www.perficient.com
Address: Perficient, Inc.
555 Maryville University Drive,
Suite 600,
St. Louis,
Missouri, 63141,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PRFT Common Stock Nasdaq Global Select US USD 29. Jul 1999
DB PFS Common Stock Deutsche Boerse AG DE EUR 29. Jul 1999
Number of employees
Current staff
Staff numbers
3,060
Perficient employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 23:41
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.