NasdaqGS:PS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Good value with limited growth.


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


Market Performance


7 Day Return

3.5%

PS

-2.7%

US Software

1.0%

US Market


1 Year Return

-29.6%

PS

19.2%

US Software

8.0%

US Market

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

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


Shareholder returns

PSIndustryMarket
7 Day3.5%-2.7%1.0%
30 Day-6.3%-2.7%-0.07%
90 Day-43.7%-7.0%-1.0%
1 Year-29.6%-29.6%21.0%19.2%10.4%8.0%
3 Yearn/a111.2%102.7%46.2%36.7%
5 Yearn/a164.9%145.8%64.3%46.2%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PS ($17.09) is trading below our estimate of fair value ($39.99)

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


Price To Earnings Ratio

PE vs Industry: PS is good value based on its PE Ratio (8.7x) compared to the Software industry average (45.8x).

PE vs Market: PS is good value based on its PE Ratio (8.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: PS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PS is overvalued based on its PB Ratio (8.4x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

How is Pluralsight forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PS's earnings are forecast to decline over the next 3 years (-16% per year).

Earnings vs Market: PS's earnings are forecast to decline over the next 3 years (-16% per year).

High Growth Earnings: PS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PS's revenue (24.3% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: PS's revenue (24.3% per year) is forecast to grow faster 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?

41.5%

Last years revenue growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PS's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: PS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (19.1%).


Return on Equity

High ROE: PS's Return on Equity (-51.3%) is considered low.


Return on Assets

ROA vs Industry: PS has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: PS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Pluralsight's financial position?


Financial Position Analysis

Short Term Liabilities: PS's short term assets ($625.0M) exceeds its short term liabilities ($221.6M)

Long Term Liabilities: PS's short term assets (625.0M) exceeds its long term liabilities (535.3M)


Debt to Equity History and Analysis

Debt Level: PS's debt to equity ratio (174.2%) is considered high

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

Debt Coverage: PS's debt is not well covered by operating cash flow (1.8%).

Interest Coverage: Insufficient data to determine if PS's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: PS's debt is covered by short term assets (assets are 1.280850x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate PS'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 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

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

1.9yrs

Average management tenure


CEO

Aaron Skonnard (47yo)

10yrs

Tenure

US$12,951,975

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: Insufficient data to establish whether Aaron's total compensation is reasonable compared to companies of similar size in the US market.

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


Management Age and Tenure

1.9yrs

Average Tenure

50yo

Average Age

Experienced Management: PS's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

1.8yrs

Average Tenure

54yo

Average Age

Experienced Board: PS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: PS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$515,82916 Sep 19
Frederick Onion
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Director
Shares30,000
Max PriceUS$17.19
BuyUS$538,60916 Sep 19
Karenann Terrell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares31,500
Max PriceUS$17.10
BuyUS$249,77116 Sep 19
Gary Crittenden
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares14,600
Max PriceUS$17.11
BuyUS$102,91116 Sep 19
Bonita Stewart
EntityIndividual
Shares6,000
Max PriceUS$17.15
SellUS$24,13723 Aug 19
James Budge
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,535
Max PriceUS$15.72
SellUS$10,40923 Aug 19
Nate Walkingshaw
EntityIndividual
Shares662
Max PriceUS$15.72
BuyUS$497,44513 Aug 19
Timothy Maudlin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares30,000
Max PriceUS$16.58
SellUS$17,28103 Jul 19
Nate Walkingshaw
EntityIndividual
Shares560
Max PriceUS$30.86
SellUS$23,10124 May 19
Joseph DiBartolomeo
EntityIndividual
Shares691
Max PriceUS$33.43
SellUS$21,83024 May 19
Nate Walkingshaw
EntityIndividual
Shares653
Max PriceUS$33.43
SellUS$60,78024 May 19
James Budge
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,823
Max PriceUS$33.34
SellUS$160,50003 Apr 19
Nate Walkingshaw
EntityIndividual
Shares5,163
Max PriceUS$31.09
SellUS$1,205,83113 Mar 19
Bradley Rencher
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares42,500
Max PriceUS$28.37
SellUS$28,372,50013 Mar 19
Frederick Onion
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Director
Shares1,000,000
Max PriceUS$28.37
SellUS$851,17513 Mar 19
Arne Duncan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares30,000
Max PriceUS$28.37
SellUS$1,347,46713 Mar 19
Scott Dorsey
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares47,492
Max PriceUS$28.37
SellUS$1,986,07513 Mar 19
Nate Walkingshaw
EntityIndividual
Shares70,000
Max PriceUS$28.37
SellUS$1,702,35013 Mar 19
Joseph DiBartolomeo
EntityIndividual
Shares60,000
Max PriceUS$28.37
SellUS$5,046,16313 Mar 19
James Budge
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares177,854
Max PriceUS$28.37
SellUS$13,636,33413 Mar 19
Aaron Skonnard
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares480,618
Max PriceUS$28.37
SellUS$330,539,62512 Mar 19
Insight Venture Partners LLC
EntityCompany
Shares11,650,000
Max PriceUS$28.37
SellUS$184,07226 Feb 19
James Budge
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares6,206
Max PriceUS$29.66
SellUS$80,61726 Feb 19
Joseph DiBartolomeo
EntityIndividual
Shares2,718
Max PriceUS$29.66
SellUS$78,42226 Feb 19
Nate Walkingshaw
EntityIndividual
Shares2,644
Max PriceUS$29.66
SellUS$903,64021 Feb 19
Frederick Onion
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Director
Shares30,000
Max PriceUS$30.87
SellUS$9,257,82618 Dec 18
Frederick Onion
EntityIndividual
Role
Member of the Board of Directors
Co-Founder & Director
Shares387,600
Max PriceUS$23.89
BuyUS$17,46807 Dec 18
James Budge
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares750
Max PriceUS$23.29

Ownership Breakdown


Management Team

  • James Budge (52yo)

    Chief Financial Officer

    • Tenure: 2.5yrs
    • Compensation: US$7.43m
  • Heather Zynczak

    Chief Marketing Officer

    • Tenure: 0yrs
  • Sean Farrington

    Senior VP of Sales in Europe

    • Tenure: 1.3yrs
  • Aaron Skonnard (47yo)

    Co-Founder

    • Tenure: 10yrs
    • Compensation: US$12.95m
  • Anita Grantham

    Chief People Officer

    • Tenure: 0yrs
  • D. Anderson

    Vice President of Communications

    • Tenure: 0yrs
  • Frederick Onion (50yo)

    Co-Founder & Director

    • Tenure: 1.8yrs
  • Matthew Forkner

    Chief Legal Officer

    • Tenure: 0.3yrs
  • Mark McReynolds

    Director of Investor Relations

    • Tenure: 0yrs
  • Brandon Peay

    Chief Strategy & Operations Officer

    • Tenure: 0.7yrs

Board Members

  • Tim Maudlin (68yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$940.13k
  • Gary Crittenden (66yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$940.13k
  • Arne Duncan (54yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$1.51m
  • Scott Dorsey (51yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$1.17m
  • Ryan Hinkle

    Independent Director

    • Tenure: 1.8yrs
  • Karenann Terrell (58yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$1.35m
  • Leah Johnson (56yo)

    Independent Director

    • Tenure: 1yrs
    • Compensation: US$220.90k
  • Brad Rencher (45yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$940.13k
  • Aaron Skonnard (47yo)

    Co-Founder

    • Tenure: 10yrs
    • Compensation: US$12.95m
  • Frederick Onion (50yo)

    Co-Founder & Director

    • Tenure: 1.8yrs

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$2.351b
  • Market Cap: US$1.730b
  • Shares outstanding: 140.02m
  • 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 offers a range of tools, including skill and role assessment tool, which uses machi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:50
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.