NasdaqGS:SVMK

Stock Analysis Report

Executive Summary

SVMK Inc. provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally.

Rewards

Revenue is forecast to grow 16.51% per year

Revenue grew by 19.6% over the past year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year



Snowflake Analysis

Imperfect balance sheet with concerning outlook.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SVMK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.5%

SVMK

0.8%

US Software

0.6%

US Market


1 Year Return

42.2%

SVMK

40.0%

US Software

24.6%

US Market

Return vs Industry: SVMK exceeded the US Software industry which returned 39.8% over the past year.

Return vs Market: SVMK exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

SVMKIndustryMarket
7 Day-8.5%0.8%0.6%
30 Day3.8%6.0%3.0%
90 Day3.0%17.3%10.6%
1 Year42.2%42.2%41.3%40.0%27.3%24.6%
3 Yearn/a139.7%130.2%50.5%40.8%
5 Yearn/a220.7%198.4%78.9%59.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SVMK ($19.97) is trading above our estimate of fair value ($16.58)

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


Price To Earnings Ratio

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

PE vs Market: SVMK 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 SVMK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SVMK is overvalued based on its PB Ratio (9.1x) compared to the US Software industry average (5.9x).


Next Steps

Future Growth

How is SVMK forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

36.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SVMK's revenue (16.5% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: SVMK's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has SVMK performed over the past 5 years?

36.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SVMK is currently unprofitable.

Growing Profit Margin: SVMK is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: SVMK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20.8%).


Return on Equity

High ROE: SVMK has a negative Return on Equity (-26.24%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SVMK's financial position?


Financial Position Analysis

Short Term Liabilities: SVMK's short term assets ($138.8M) do not cover its short term liabilities ($181.5M).

Long Term Liabilities: SVMK's short term assets ($138.8M) do not cover its long term liabilities ($310.6M).


Debt to Equity History and Analysis

Debt Level: SVMK's debt to equity ratio (72.9%) is considered high.

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


Balance Sheet

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

Debt Coverage by Assets: SVMK's debt is not covered by short term assets (assets are 0.6x debt).


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: Whilst unprofitable SVMK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SVMK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 84% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SVMK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SVMK'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 SVMK'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 SVMK's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Zander Lurie (45yo)

4yrs

Tenure

US$6,610,430

Compensation

Mr. Alexander J. Lurie, also known as Zander, has been the Chief Executive Officer of SVMK Inc. (formerly SurveyMonkey Inc.) since January 16, 2016 and serves as its Director since December 2009 and served ...


CEO Compensation Analysis

Compensation vs Market: Zander's total compensation ($USD6.61M) is above average for companies of similar size in the US market ($USD4.99M).

Compensation vs Earnings: Zander's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.6yrs

Average Tenure

45yo

Average Age

Experienced Management: SVMK's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

49.5yo

Average Age

Experienced Board: SVMK's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$2,009,58117 Jan 20
Alexander Lurie
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares100,703
Max PriceUS$20.68
SellUS$424,92420 Nov 19
Thomas Hale
EntityIndividual
Role
President
President
Shares25,035
Max PriceUS$16.97
SellUS$28,39620 Nov 19
Dharti Patel
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer & Controller
Shares1,673
Max PriceUS$16.97
SellUS$66,87420 Nov 19
John Schoenstein
EntityIndividual
Shares3,940
Max PriceUS$16.97
SellUS$56,80920 Nov 19
Rebecca Cantieri
EntityIndividual
Shares3,347
Max PriceUS$16.97
SellUS$274,45720 Nov 19
Alexander Lurie
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares16,170
Max PriceUS$16.97
SellUS$66,77319 Nov 19
Lora Blum
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares3,934
Max PriceUS$16.97
SellUS$329,35430 Aug 19
Dana Evan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares18,774
Max PriceUS$17.66
SellUS$70,18817 Aug 19
John Schoenstein
EntityIndividual
Shares4,058
Max PriceUS$17.30
SellUS$29,74917 Aug 19
Dharti Patel
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer & Controller
Shares1,720
Max PriceUS$17.30
SellUS$288,15517 Aug 19
Alexander Lurie
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares16,660
Max PriceUS$17.30
SellUS$446,13817 Aug 19
Thomas Hale
EntityIndividual
Role
President
President
Shares25,794
Max PriceUS$17.30
SellUS$59,58517 Aug 19
Rebecca Cantieri
EntityIndividual
Shares3,445
Max PriceUS$17.30
SellUS$70,05017 Aug 19
Lora Blum
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares4,050
Max PriceUS$17.30
SellUS$253,50809 Aug 19
Spectrum Equity Management, L.P.
EntityCompany
Shares14,100
Max PriceUS$17.98
SellUS$1,836,95719 Jul 19
Alexander Lurie
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares108,889
Max PriceUS$16.87
SellUS$71,190,00001 Jul 19
Tiger Global Management LLC
EntityCompany
Shares4,500,000
Max PriceUS$15.82
SellUS$65,73718 May 19
Lora Blum
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares4,011
Max PriceUS$16.39
SellUS$65,83518 May 19
John Schoenstein
EntityIndividual
Shares4,017
Max PriceUS$16.39
SellUS$27,96018 May 19
Dharti Patel
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer & Controller
Shares1,706
Max PriceUS$16.39
SellUS$270,24218 May 19
Alexander Lurie
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares16,489
Max PriceUS$16.39
SellUS$384,03218 May 19
Thomas Hale
EntityIndividual
Role
President
President
Shares23,432
Max PriceUS$16.39
SellUS$55,93617 May 19
Rebecca Cantieri
EntityIndividual
Shares3,413
Max PriceUS$16.39
SellUS$227,23416 May 19
Spectrum Equity Management, L.P.
EntityCompany
Shares14,100
Max PriceUS$16.12
SellUS$29,488,02327 Mar 19
Tiger Global Management LLC
EntityCompany
Shares1,972,443
Max PriceUS$14.95
SellUS$153,135,52115 Mar 19
Tiger Global Management LLC
EntityCompany
Shares10,063,993
Max PriceUS$15.54
SellUS$33,66821 Feb 19
Tim Maly
EntityIndividual
Shares2,856
Max PriceUS$11.79
SellUS$36,66021 Feb 19
Lora Blum
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares3,111
Max PriceUS$11.78
SellUS$165,00221 Feb 19
Thomas Hale
EntityIndividual
Role
President
President
Shares14,001
Max PriceUS$11.79
SellUS$95,49321 Feb 19
Alexander Lurie
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares8,100
Max PriceUS$11.79
SellUS$25,92321 Feb 19
John Schoenstein
EntityIndividual
Shares2,199
Max PriceUS$11.79
SellUS$32,32021 Feb 19
Rebecca Cantieri
EntityIndividual
Shares2,742
Max PriceUS$11.79
SellUS$20,72921 Feb 19
Dharti Patel
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer & Controller
Shares1,758
Max PriceUS$11.81

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.1%.


Management Team

  • Lora Blum (45yo)

    Senior VP

    • Tenure: 3yrs
    • Compensation: US$3.25m
  • Tom Hale (50yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$3.00m
  • Zander Lurie (45yo)

    CEO & Director

    • Tenure: 4yrs
    • Compensation: US$6.61m
  • Elizabeth Ducot (51yo)

    Chief Technology Officer

    • Tenure: 2.3yrs
  • Ryan Finley (42yo)

    Founder & Director

    • Tenure: 21yrs
    • Compensation: US$7.50k
  • Eric Johnson (47yo)

    Chief Information Officer

    • Tenure: 0.5yrs
  • Teresa Brewer

    Head of Communications

    • Dharti Patel

      Chief Accounting Officer & Controller

      • Debbie Clifford (45yo)

        Chief Financial Officer

        • Tenure: 0.5yrs
      • Karim Damji

        Investor Relations Manager


        Board Members

        • Sue Decker (56yo)

          Independent Director

          • Tenure: 2.2yrs
          • Compensation: US$472.38k
        • Dana Evan (59yo)

          Independent Director

          • Tenure: 7.8yrs
          • Compensation: US$474.50k
        • David Ebersman (50yo)

          Independent Chairman of the Board

          • Tenure: 4yrs
          • Compensation: US$474.38k
        • Ben Spero (43yo)

          Independent Director

          • Tenure: 10.8yrs
          • Compensation: US$10.75k
        • Brad Smith (55yo)

          Independent Director

          • Tenure: 2.7yrs
        • Zander Lurie (45yo)

          CEO & Director

          • Tenure: 4yrs
          • Compensation: US$6.61m
        • Sheryl Sandberg (50yo)

          Independent Director

          • Tenure: 4.5yrs
        • Ryan Finley (42yo)

          Founder & Director

          • Tenure: 21yrs
          • Compensation: US$7.50k
        • Serena Williams (37yo)

          Director

          • Tenure: 2.7yrs
          • Compensation: US$469.50k
        • Erika James (49yo)

          Independent Director

          • Tenure: 1.4yrs
          • Compensation: US$2.12m

        Company Information

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


        Key Information

        • Name: SVMK Inc.
        • Ticker: SVMK
        • Exchange: NasdaqGS
        • Founded: 1999
        • Industry: Application Software
        • Sector: Software
        • Market Cap: US$2.523b
        • Shares outstanding: 134.62m
        • Website: https://www.surveymonkey.com

        Number of Employees


        Location

        • SVMK Inc.
        • One Curiosity Way
        • San Mateo
        • California
        • 94403
        • United States

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        SVMKNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDSep 2018
        2K9DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2018

        Biography

        SVMK Inc. provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories. The company offers SurveyMonkey CX, a net promoter score solution that transforms customer feedback into actionable insights; TechValidate, a marketing content automation solution; and SurveyMonkey Engage, an employee-focused solution, which measures employee experiences within an organization. It also provides SurveyMonkey Audience, a market research solution that enables organizations to easily gain real-time actionable data from targeted panelists; SurveyMonkey Apply, an application management solution that is primarily used by educational institutions and non-profits seeking to allocate scholarships and grants; and Wufoo, an easy-to-use form builder that helps users create Web and mobile forms, collect file uploads, and receive online payments. In addition, the company operates a data center for enterprise customers in Europe. The company was formerly known as SurveyMonkey Inc. and changed its name to SVMK Inc. in March 2013. The company was founded in 1999 and is headquartered in San Mateo, California. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/23 00:56
        End of Day Share Price2020/01/22 00:00
        Earnings2019/09/30
        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.