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PTC

Nasdaq:PTC
Snowflake Description

High growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTC
Nasdaq
$11B
Market Cap
  1. Home
  2. US
  3. Software
Company description

PTC Inc. operates as software and services company in Americas, Europe, and the Asia Pacific. The last earnings update was 43 days ago. More info.


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PTC Share Price and Events
7 Day Returns
2.1%
NasdaqGS:PTC
1.4%
US Software
0.4%
US Market
1 Year Returns
20.1%
NasdaqGS:PTC
26.7%
US Software
3.5%
US Market
PTC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PTC (PTC) 2.1% 1.4% 17.9% 20.1% 190.1% 167.3%
US Software 1.4% 5.2% 22.7% 26.7% 110.9% 140.1%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • PTC underperformed the Software industry which returned 26.7% over the past year.
  • PTC outperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
PTC
Industry
5yr Volatility vs Market
Related Companies

PTC Value

 Is PTC 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 PTC 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 PTC.

NasdaqGS:PTC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:PTC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 21%) (7.05%))
1.137
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.137 * 5.96%)
9.51%

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

The calculations below outline how an intrinsic value for PTC 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:PTC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.51%)
2019 269.86 Analyst x9 246.43
2020 423.81 Analyst x9 353.42
2021 577.05 Analyst x6 439.43
2022 691.05 Analyst x2 480.56
2023 862.60 Analyst x2 547.78
2024 1,003.10 Est @ 16.29% 581.70
2025 1,125.68 Est @ 12.22% 596.11
2026 1,231.19 Est @ 9.37% 595.39
2027 1,322.06 Est @ 7.38% 583.83
2028 1,401.19 Est @ 5.99% 565.05
Present value of next 10 years cash flows $4,989.69
NasdaqGS:PTC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,401.19 × (1 + 2.73%) ÷ (9.51% – 2.73%)
$21,240.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $21,240.85 ÷ (1 + 9.51%)10
$8,565.70
NasdaqGS:PTC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,989.69 + $8,565.70
$13,555.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13,555.40 / 118.63
$114.27
NasdaqGS:PTC Discount to Share Price
Calculation Result
Value per share (USD) From above. $114.27
Current discount Discount to share price of $93.12
= -1 x ($93.12 - $114.27) / $114.27
18.5%

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

Current Discount
Amount off the current price PTC is available for.
Intrinsic value
19%
Share price is $93.12 vs Future cash flow value of $114.27
Current Discount Checks
For PTC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PTC's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • PTC'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 PTC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PTC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PTC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $0.50
NasdaqGS:PTC Share Price ** NasdaqGS (2019-03-22) in USD $93.12
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.88x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of PTC.

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

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

= 93.12 ÷ 0.50

184.42x

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

  • PTC is overvalued based on earnings compared to the US Software industry average.
  • PTC is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does PTC's expected growth come at a high price?
Raw Data
NasdaqGS:PTC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 184.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
46.6%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 184.42x ÷ 46.6%

3.96x

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

  • PTC is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PTC's assets?
Raw Data
NasdaqGS:PTC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $11.13
NasdaqGS:PTC Share Price * NasdaqGS (2019-03-22) in USD $93.12
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.79x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NasdaqGS:PTC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 93.12 ÷ 11.13

8.36x

* Primary Listing of PTC.

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

  • PTC is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess PTC'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. PTC has a total score of 0/6, 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.

PTC Future Performance

 How is PTC expected to perform in the next 1 to 3 years based on estimates from 15 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
46.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PTC expected to grow at an attractive rate?
  • PTC's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PTC's earnings growth is expected to exceed the United States of America market average.
  • PTC's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PTC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PTC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 46.6%
NasdaqGS:PTC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 14.3%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:PTC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PTC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 2,344 897 556 4
2022-09-30 2,040 724 424 4
2021-09-30 1,762 638 299 9
2020-09-30 1,505 467 175 15
2019-09-30 1,326 314 46 15
NasdaqGS:PTC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 1,270 244 59
2018-09-30 1,242 248 52
2018-06-30 1,236 218 56
2018-03-31 1,212 243 38
2017-12-30 1,184 209 29
2017-09-30 1,164 135 6
2017-07-01 1,146 116 -40
2017-04-01 1,143 102 -36
2016-12-31 1,136 74 -40
2016-09-30 1,141 183 -54
2016-07-02 1,165 157 -32
2016-04-02 1,179 184 -17
2016-01-02 1,221 228 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PTC's earnings are expected to grow significantly at over 20% yearly.
  • PTC's revenue is expected to grow by 14.3% 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:PTC 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 15 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:PTC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30 4.76 4.76 4.76 1.00
2022-09-30 3.70 3.70 3.70 1.00
2021-09-30 2.76 3.74 1.99 4.00
2020-09-30 1.43 1.79 1.11 7.00
2019-09-30 0.40 0.58 0.30 5.00
NasdaqGS:PTC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 0.50
2018-09-30 0.45
2018-06-30 0.49
2018-03-31 0.33
2017-12-30 0.25
2017-09-30 0.05
2017-07-01 -0.34
2017-04-01 -0.31
2016-12-31 -0.35
2016-09-30 -0.48
2016-07-02 -0.28
2016-04-02 -0.15
2016-01-02 -0.06

*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.
  • PTC is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess PTC'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.
PTC has a total score of 5/6, 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.

PTC Past Performance

  How has PTC 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 PTC's growth in the last year to its industry (Software).
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.
  • PTC's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • PTC's 1-year earnings growth exceeds its 5-year average (103.7% vs -42.6%)
  • PTC's earnings growth has exceeded the US Software industry average in the past year (103.7% vs 26.2%).
Earnings and Revenue History
PTC'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 PTC Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PTC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 1,269.87 59.10 562.89 246.58
2018-09-30 1,241.82 51.99 555.61 249.77
2018-06-30 1,235.68 56.23 542.26 247.97
2018-03-31 1,212.20 38.28 531.13 246.60
2017-12-30 1,184.36 29.26 523.62 242.12
2017-09-30 1,164.04 6.24 516.41 236.06
2017-07-01 1,145.90 -39.67 519.69 233.41
2017-04-01 1,143.26 -35.65 521.05 230.68
2016-12-31 1,135.84 -39.71 516.97 229.58
2016-09-30 1,140.53 -54.47 509.58 229.33
2016-07-02 1,164.86 -31.55 484.53 223.58
2016-04-02 1,179.33 -17.18 473.23 220.54
2016-01-02 1,220.82 -6.62 467.59 224.09
2015-09-30 1,255.24 47.56 468.41 227.51
2015-07-04 1,309.38 91.87 486.01 235.72
2015-04-04 1,342.90 112.46 491.91 239.05
2015-01-03 1,357.48 150.82 493.72 234.52
2014-09-30 1,356.97 160.19 486.98 226.50
2014-06-28 1,335.10 177.91 476.44 221.24
2014-03-29 1,313.47 174.33 468.60 217.67
2013-12-28 1,298.72 147.62 471.78 217.56
2013-09-30 1,293.54 143.77 482.68 221.92
2013-06-29 1,273.99 3.32 481.89 218.92
2013-03-30 1,269.98 -8.24 490.24 218.35
2012-12-29 1,257.15 -21.71 490.98 217.40
2012-09-30 1,255.68 -35.40 491.46 214.96
2012-06-30 1,269.81 86.21 497.18 215.56
2012-03-31 1,250.61 78.84 487.61 213.40

*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.
  • PTC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PTC used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • PTC's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PTC'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 Software 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.
PTC 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.

PTC Health

 How is PTC'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 PTC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PTC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PTC's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PTC'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 1x 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 PTC Company Filings, last reported 2 months ago.

NasdaqGS:PTC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 1,321.17 778.48 302.59
2018-09-30 874.59 643.27 285.78
2018-06-30 834.39 693.05 288.91
2018-03-31 927.72 642.84 322.57
2017-12-30 889.10 742.62 311.83
2017-09-30 885.44 712.41 298.41
2017-07-01 835.38 712.19 279.97
2017-04-01 847.34 711.98 266.87
2016-12-31 818.97 731.76 196.11
2016-09-30 842.67 751.60 296.63
2016-07-02 862.66 778.13 306.01
2016-04-02 854.10 838.13 368.46
2016-01-02 835.94 718.13 296.80
2015-09-30 860.17 668.13 273.42
2015-07-04 830.32 624.38 275.06
2015-04-04 854.22 530.63 267.82
2015-01-03 855.45 605.63 261.05
2014-09-30 853.89 611.88 293.65
2014-06-28 972.47 315.00 304.17
2014-03-29 982.42 318.13 270.47
2013-12-28 968.65 368.13 371.38
2013-09-30 926.48 258.13 241.91
2013-06-29 850.71 268.13 257.03
2013-03-30 827.80 308.13 240.81
2012-12-29 825.96 368.13 248.39
2012-09-30 797.26 370.00 489.54
2012-06-30 863.00 140.00 238.05
2012-03-31 857.99 160.00 224.11
  • PTC's level of debt (58.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37.9% vs 58.9% today).
  • Debt is well covered by operating cash flow (31.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess PTC'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. PTC has a total score of 2/6, 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.

PTC Dividends

 What is PTC'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 PTC dividends. Estimated to be 0% next year.
If you bought $2,000 of PTC 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 PTC's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PTC'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:PTC 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 15 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:PTC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30 0.00 1.00
2021-09-30 0.00 2.00
2020-09-30 0.00 3.00
2019-09-30 0.00 3.00

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

  • Unable to perform a dividend volatility check as PTC has not reported any payouts.
  • Unable to verify if PTC's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PTC's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PTC has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of PTC's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess PTC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 PTC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PTC 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.

PTC Management

 What is the CEO of PTC'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
Jim Heppelmann
COMPENSATION $49,969,163
AGE 54
TENURE AS CEO 8.4 years
CEO Bio

Mr. James E. Heppelmann, also known as Jim, has been the Chief Executive Officer of PTC Inc. since October 1, 2010 and has been its President since March 4, 2009. Mr. Heppelmann served as the Chief Operating Officer of PTC Inc. from March 4, 2009 to September 2010, its Chief Product Officer since February 2003 until February 2009, its Executive Vice President of Software solutions from June 2001 to January 2003 and its Chief Technology Officer since June 2001 until January 2003. He was responsible for PTC's overall product direction, including coordination of PTC product vision and strategy, product design and development and product marketing and management. Mr. Heppelmann has been involved in the information technology industry since 1985 and has extensive experience developing and deploying large-scale information systems within the manufacturing marketplace. Mr. Heppelmann Co-founded Windchill Technology, Inc. and served as its Vice President of Marketing and Chief Technology Officer from October 1996 to January 1998. He served as an Executive Vice President and General Manager of Windchill Solutions from November 2000 to June 2001. He served as an Executive Vice President and General Manager of Windchill Netmarkets from July 2000 to November 2000 and Senior Vice President of Windchill from January 1998 to July 2000. Mr. Heppelmann served as the Chief Technical Officer of Metaphase, Inc. from 1992 to 1997. He served with Control Data Corporation (now known as Syntegra) for seven years since 1985 until it formed as Metaphase in 1992. He has been a Director of PTC Inc. since 2008. Mr. Heppelmann has been a Director of Sensata Technologies Holding PLC (formerly known as Sensata Technologies Holding NV) since August 1, 2014. He serves as a Director of Syncline. He serves as a Member of National FIRST Executive Advisory board of Parametric Technology Corp. He is on the Dean's Advisory Board of the University of Minnesota College of Science and Engineering. He published and quoted in numerous business and trade publications, including The Boston Globe, The Wall Street Journal, VARBusiness Magazine and MSI Magazine. Mr. Heppelmann speaks regularly at product development and manufacturing industry events on topics such as PLM, digital value chain integration and gaining competitive advantage through product development process improvement and global product development. Mr. Heppelmann attended University of Minnesota, where he earned a Bachelor's Degree in Mechanical Engineering with an emphasis on Computer-aided design.

CEO Compensation
  • Jim's compensation has increased by more than 20% in the past year.
  • Jim'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 PTC management team in years:

6.7
Average Tenure
54
Average Age
  • The average tenure for the PTC management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Heppelmann

TITLE
President
COMPENSATION
$50M
AGE
54
TENURE
8.4 yrs

Andrew Miller

TITLE
Executive VP & CFO
COMPENSATION
$13M
AGE
58
TENURE
4.1 yrs

Barry Cohen

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$3M
AGE
74
TENURE
16.6 yrs

Tony DiBona

TITLE
Executive Vice President of Strategic Alliances
COMPENSATION
$7M
AGE
63
TENURE
15.9 yrs

Matt Cohen

TITLE
Executive Vice President of Field Operations
COMPENSATION
$4M
AGE
42
TENURE
4.9 yrs

Kathleen Mitford

TITLE
Executive Vice President of Products
COMPENSATION
$2M
AGE
45
TENURE
1.8 yrs

Tim Fox

TITLE
Vice President of Investor Relations

Aaron Von Staats

TITLE
Executive VP
AGE
52
TENURE
16.1 yrs

Mike DiTullio

TITLE
Executive Vice President of Global Marketing & Sales
TENURE
3.3 yrs

Gary Smith

TITLE
Senior Vice President of WW Channel Sales & Programs
Board of Directors Tenure

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

3.9
Average Tenure
63
Average Age
  • The tenure for the PTC board of directors is about average.
Board of Directors

Bob Schechter

TITLE
Chairman of the Board of Directors
COMPENSATION
$447K
AGE
69
TENURE
4 yrs

Jim Heppelmann

TITLE
President
COMPENSATION
$50M
AGE
54

Don Grierson

TITLE
Independent Director
COMPENSATION
$337K
AGE
83
TENURE
32.2 yrs

Paul Lacy

TITLE
Independent Director
COMPENSATION
$355K
AGE
71
TENURE
9.3 yrs

Janice Chaffin

TITLE
Independent Director
COMPENSATION
$334K
AGE
63
TENURE
5.6 yrs

Klaus Hoehn

TITLE
Independent Director
COMPENSATION
$312K
AGE
66
TENURE
3.8 yrs

Phil Fernandez

TITLE
Independent Director
COMPENSATION
$320K
AGE
58
TENURE
3 yrs

Corinna Lathan

TITLE
Independent Director
COMPENSATION
$320K
AGE
50
TENURE
1.6 yrs

Blake Moret

TITLE
Director
COMPENSATION
$537K
AGE
55
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Nov 18 Sell Robert Schechter Individual 29. Nov 18 29. Nov 18 -5,000 $88.14 $-440,679
26. Nov 18 Sell Barry Cohen Individual 26. Nov 18 26. Nov 18 -47,194 $84.94 $-4,008,890
19. Nov 18 Sell Kathleen Mitford Individual 16. Nov 18 16. Nov 18 -1,750 $88.08 $-154,140
30. Jul 18 Buy Rockwell Automation, Inc. Company 19. Jul 18 19. Jul 18 10,582,010 $94.50 $999,999,945
25. Jul 18 Sell Aaron Von Staats Individual 23. Jul 18 23. Jul 18 -4,701 $97.06 $-456,298
02. May 18 Sell Matthew Cohen Individual 02. May 18 02. May 18 -17,000 $84.00 $-1,428,017
25. Apr 18 Sell Phillip Fernandez Individual 24. Apr 18 24. Apr 18 -1,000 $85.65 $-85,651
24. Apr 18 Sell Barry Cohen Individual 20. Apr 18 20. Apr 18 -70,000 $84.77 $-5,889,127
24. Apr 18 Sell Donald Grierson Individual 20. Apr 18 20. Apr 18 -5,000 $84.51 $-422,567
24. Apr 18 Sell Aaron Von Staats Individual 23. Apr 18 23. Apr 18 -7,500 $84.85 $-636,407
24. Apr 18 Sell Robert Schechter Individual 23. Apr 18 23. Apr 18 -3,000 $85.20 $-255,600
X
Management checks
We assess PTC'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. PTC 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.

PTC News

Simply Wall St News

Read This Before Buying PTC Inc. (NASDAQ:PTC) Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … (NASDAQ:PTC), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

How Do PTC Inc.’s (NASDAQ:PTC) Returns Compare To Its Industry?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Financially Strong Is PTC Inc (NASDAQ:PTC)?

Mid-caps stocks, like PTC Inc (NASDAQ:PTC) with a market capitalization of US$9.9b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … This article will examine PTC’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth.

Simply Wall St -

Is PTC Inc (NASDAQ:PTC) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at other large companies. … How Does Jim Heppelmann's Compensation Compare With Similar Sized Companies. … Our data indicates that PTC Inc is worth US$10b, and total annual CEO compensation is US$11m

Simply Wall St -

PTC Inc (NASDAQ:PTC): Time For A Financial Health Check

PTC Inc (NASDAQ:PTC), a large-cap worth US$11.5b, comes to mind for investors seeking a strong and reliable stock investment. … Let’s take a look at PTC’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself

Simply Wall St -

PTC Inc (NASDAQ:PTC)'s Return on Capital

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand PTC’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit

Simply Wall St -

What You Must Know About PTC Inc's (NASDAQ:PTC) Return on Equity

Though PTC's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted. … Knowing these components can change your views on PTC's below-average returns … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of PTC's returns.

Simply Wall St -

Is PTC Inc (NASDAQ:PTC) Worth US$097.8 Based On Intrinsic Value?

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 -

Did PTC Inc (NASDAQ:PTC) Create Value For Investors Over The Past Year?

View our latest analysis for PTC Breaking down Return on Equity Return on Equity (ROE) is a measure of PTC’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of PTC’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:PTC Last Perf Apr 3rd 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is PTC Inc's (NASDAQ:PTC) Balance Sheet A Threat To Its Future?

With this debt repayment, the current cash and short-term investment levels stands at US$298.41M , ready to deploy into the business. … On top of this, PTC has produced cash from operations of US$134.59M over the same time period, resulting in an operating cash to total debt ratio of 18.89%, indicating that PTC’s operating cash is not sufficient to cover its debt. … With current liabilities at US$678.91M, it seems that the business has not been able to meet these commitments with a current assets level of US$666.56M, leading to a 0.98x current account ratio.

Simply Wall St -

PTC Company Info

Description

PTC Inc. operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications. The company also provides Vuforia Studio tool for industrial enterprises to author and publish augmented reality experiences; and Creo, an interoperable suite of product design software for design engineers. In addition, it offers Windchill that provides product lifecycle management capabilities; ThingWorx Navigate for complete, contextual, up-to-date, and accurate product information; Integrity solution to manage system models, software configurations, test plans, and defects; and Servigistics, a suite that enables service parts management and customers to continuously enhance their products and services. Further, the company provides consulting, implementation, training, cloud, and license and support services. PTC Inc. markets its products primarily through professionals, third-party resellers, and strategic partners. The company was formerly known as Parametric Technology Corporation and changed its name to PTC Inc. in January 2013. PTC Inc. was founded in 1985 and is headquartered in Needham, Massachusetts.

Details
Name: PTC Inc.
PTC
Exchange: NasdaqGS
Founded: 1985
$11,046,613,286
118,627,720
Website: http://www.ptc.com
Address: PTC Inc.
140 Kendrick Street,
Needham,
Massachusetts, 02494,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PTC Common Stock Nasdaq Global Select US USD 08. Dec 1989
DB PMTA Common Stock Deutsche Boerse AG DE EUR 08. Dec 1989
BMV PTC * Common Stock Bolsa Mexicana de Valores MX MXN 08. Dec 1989
Number of employees
Current staff
Staff numbers
5,909
PTC employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:40
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/09/30


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.