NasdaqGS:PS

Stock Analysis Report

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Executive Summary

Pluralsight, Inc. provides a technology skill development solutions worldwide.


Snowflake Analysis

Imperfect balance sheet with concerning outlook.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.3%

PS

3.7%

US Software

2.4%

US Market


1 Year Return

-32.8%

PS

33.0%

US Software

9.2%

US Market

Return vs Industry: PS underperformed the US Software industry which returned 33% over the past year.

Return vs Market: PS underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

PSIndustryMarket
7 Day1.3%3.7%2.4%
30 Day29.8%9.5%10.2%
90 Day34.1%16.2%3.4%
1 Year-32.8%-32.8%34.0%33.0%11.6%9.2%
3 Yearn/a128.7%120.8%33.7%24.9%
5 Yearn/a206.8%188.0%59.7%41.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PS ($20.76) is trading above our estimate of fair value ($13)

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


Price To Earnings Ratio

PE vs Industry: PS is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: PS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PS is overvalued based on its PB Ratio (13.3x) compared to the US Software industry average (6.2x).


Next Steps

Future Growth

How is Pluralsight forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PS's revenue (15.7% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: PS's revenue (15.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PS is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Pluralsight performed over the past 5 years?

0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PS is currently unprofitable.

Growing Profit Margin: PS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PS is unprofitable, but has reduced losses over the past 5 years at a rate of 0.9% per year.

Accelerating Growth: Unable to compare PS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PS is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (9.6%).


Return on Equity

High ROE: PS has a negative Return on Equity (-80.13%), as it is currently unprofitable.


Next Steps

Financial Health

How is Pluralsight's financial position?


Financial Position Analysis

Short Term Liabilities: PS's short term assets ($499.1M) exceed its short term liabilities ($274.0M).

Long Term Liabilities: PS's short term assets ($499.1M) do not cover its long term liabilities ($505.2M).


Debt to Equity History and Analysis

Debt Level: PS's debt to equity ratio (215.6%) is considered high.

Reducing Debt: Insufficient data to determine if PS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PS has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

2.7yrs

Average management tenure


CEO

Aaron Skonnard (46yo)

10.67yrs

Tenure

US$6,476,664

Compensation

Mr. Aaron B. Skonnard is a Co-Founder, Chief Executive Officer and Chairman of Pluralsight, Inc. since 2004, October 2009 and December 2017. He has been a Director of Zions Bancorporation, National Associa ...


CEO Compensation Analysis

Compensation vs Market: Aaron's total compensation ($USD6.48M) is about average for companies of similar size in the US market ($USD5.86M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Aaron Skonnard
Co-Founder10.67yrsUS$6.48m0.32% $9.7m
James Budge
Chief Financial Officer3.17yrsUS$2.83m0.049% $1.5m
Ross Meyercord
Chief Revenue Officer0.67yrUS$6.39mno data
Frederick Onion
Co-Founder & Director2.5yrsno data1.36% $40.5m
Brandon Peay
Chief Strategy & Operations Officer1.33yrsno datano data
Mark McReynolds
Director of Investor Relationsno datano datano data
Matthew Forkner
Chief Legal Officer & Corporate Secretary2.25yrsno data0.17% $5.2m
D. Anderson
Vice President of Communicationsno datano datano data
Heather Zynczak
Chief Marketing Officerno datano datano data
Anita Grantham
Chief People Officerno datano datano data

2.7yrs

Average Tenure

48yo

Average Age

Experienced Management: PS's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Aaron Skonnard
Co-Founder10.67yrsUS$6.48m0.32% $9.7m
Frederick Onion
Co-Founder & Director2.5yrsno data1.36% $40.5m
Timothy Maudlin
Independent Director2.5yrsUS$219.30k0.052% $1.6m
Gary Crittenden
Lead Independent Directorno dataUS$222.30k0.038% $1.1m
Arne Duncan
Director2.5yrsUS$205.97k0.024% $713.1k
Scott Dorsey
Independent Director2.5yrsUS$211.64k0.024% $713.1k
Ryan Hinkle
Independent Director2.5yrsno data0.047% $1.4m
Karenann Terrell
Independent Director2.5yrsUS$212.30k0.024% $713.1k
Leah Johnson
Independent Director1.67yrsUS$210.97k0.0039% $116.3k
Bradley Rencher
Independent Director2.5yrsUS$215.30k0.024% $713.1k

2.5yrs

Average Tenure

54yo

Average Age

Experienced Board: PS's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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 3.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Pluralsight, Inc.
  • Ticker: PS
  • Exchange: NasdaqGS
  • Founded: 2004
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$2.981b
  • Market Cap: US$2.191b
  • Shares outstanding: 142.91m
  • Website: https://www.pluralsight.com

Number of Employees


Location

  • Pluralsight, Inc.
  • 182 North Union Avenue
  • Farmington
  • Utah
  • 84025
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PSNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDMay 2018
PYJDB (Deutsche Boerse AG)YesClass A Common StockDEEURMay 2018

Biography

Pluralsight, Inc. provides a technology skill development solutions worldwide. Its cloud-based technology skills platform Pluralsight Skills, which offers a range of tools, including skill and role assessment tool, which uses machine learning and advanced algorithms to measure a user’s skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include a digital ecosystem of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data. The company’s platform also provides Learning Paths that are personalized to take users through a set of courses designed to help them master a particular subject area based on either an assessment or a user’s goals; and business analytics tools, which enable business customers to index the technology skills of their teams, align learning to key business objectives, determine the usage of platform, examine trends in skill development, and quantify the impact of platform on their business. In addition, it offers Pluralsight Flow, which processes, analyses, and visualizes software developer coding activities into actionable metrics. It serves businesses and individuals. Pluralsight, Inc. was founded in 2004 and is headquartered in Farmington, Utah. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 04:59
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.