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BOX

Box NYSE:BOX Stock Report

Last Price

US$26.20

Market Cap

US$3.8b

7D

8.4%

1Y

2.5%

Updated

29 Jun, 2022

Data

Company Financials +
BOX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BOX Stock Overview

Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device.

Rewards

Trading at 65.3% below our estimate of its fair value

Earnings are forecast to grow 58.21% per year

Risk Analysis

No risks detected for BOX from our risk checks.

Box Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Box
Historical stock prices
Current Share PriceUS$26.20
52 Week HighUS$33.04
52 Week LowUS$22.18
Beta1.16
1 Month Change-2.28%
3 Month Change-9.84%
1 Year Change2.54%
3 Year Change48.95%
5 Year Change44.67%
Change since IPO12.78%

Recent News & Updates

Shareholder Returns

BOXUS SoftwareUS Market
7D8.4%2.6%1.6%
1Y2.5%-22.4%-20.8%

Return vs Industry: BOX exceeded the US Software industry which returned -23.5% over the past year.

Return vs Market: BOX exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is BOX's price volatile compared to industry and market?
BOX volatility
BOX Average Weekly Movement6.6%
Software Industry Average Movement11.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: BOX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BOX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20052,172Aaron Leviehttps://www.box.com

Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities.

Box Fundamentals Summary

How do Box's earnings and revenue compare to its market cap?
BOX fundamental statistics
Market CapUS$3.77b
Earnings (TTM)-US$48.23m
Revenue (TTM)US$910.32m

4.1x

P/S Ratio

-78.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOX income statement (TTM)
RevenueUS$910.32m
Cost of RevenueUS$250.75m
Gross ProfitUS$659.58m
Other ExpensesUS$707.80m
Earnings-US$48.23m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.33
Gross Margin72.46%
Net Profit Margin-5.30%
Debt/Equity Ratio8,388.8%

How did BOX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BOX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOX?

Other financial metrics that can be useful for relative valuation.

BOX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.8x
Enterprise Value/EBITDA77.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BOX's PS Ratio compare to its peers?

BOX PS Ratio vs Peers
The above table shows the PS ratio for BOX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5x
NEWR New Relic
4.3x15.3%US$3.4b
SPSC SPS Commerce
10.3x30.9%US$4.1b
PEGA Pegasystems
3.2x15.9%US$4.0b
NTNX Nutanix
2.1x10.5%US$3.3b
BOX Box
4.1x12.2%US$3.8b

Price-To-Sales vs Peers: BOX is good value based on its Price-To-Sales Ratio (4.1x) compared to the peer average (5x).


Price to Earnings Ratio vs Industry

How does BOX's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: BOX is good value based on its Price-To-Sales Ratio (4.1x) compared to the US Software industry average (4.4x)


Price to Sales Ratio vs Fair Ratio

What is BOX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BOX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio6.1x

Price-To-Sales vs Fair Ratio: BOX is good value based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (6.1x).


Share Price vs Fair Value

What is the Fair Price of BOX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BOX ($26.2) is trading below our estimate of fair value ($75.58)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


58.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: BOX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BOX is expected to become profitable in the next 3 years.

Revenue vs Market: BOX's revenue (12.2% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: BOX's revenue (12.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOX's Return on Equity is forecast to be very high in 3 years time (631%).


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Past Performance

How has Box performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BOX is currently unprofitable.

Growing Profit Margin: BOX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BOX is unprofitable, but has reduced losses over the past 5 years at a rate of 24.9% per year.

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

Earnings vs Industry: BOX is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.1%).


Return on Equity

High ROE: BOX has a negative Return on Equity (-720.13%), as it is currently unprofitable.


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Financial Health

How is Box's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BOX's short term assets ($715.4M) exceed its short term liabilities ($612.7M).

Long Term Liabilities: BOX's short term assets ($715.4M) exceed its long term liabilities ($554.5M).


Debt to Equity History and Analysis

Debt Level: BOX has more cash than its total debt.

Reducing Debt: BOX's debt to equity ratio has increased from 67.1% to 8388.8% 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: Whilst unprofitable BOX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BOX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 57.7% per year.


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Dividend

What is Box current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BOX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BOX has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Aaron Levie (36 yo)

17.17yrs

Tenure

US$292,514

Compensation

Mr. Aaron Levie Co-Founded Box, Inc. in 2005 and serves as Chief Executive Officer and Director since April 2005. Mr. Levie serves as a Director at Helium Systems Inc. Mr. Levie is the visionary behind Box...


CEO Compensation Analysis

Compensation vs Market: Aaron's total compensation ($USD292.51K) is below average for companies of similar size in the US market ($USD6.90M).

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


Leadership Team

Experienced Management: BOX's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: BOX's board of directors are considered experienced (3.9 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Box, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Box, Inc.
  • Ticker: BOX
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$3.774b
  • Shares outstanding: 144.06m
  • Website: https://www.box.com

Number of Employees


Location

  • Box, Inc.
  • 900 Jefferson Avenue
  • Redwood City
  • California
  • 94063
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


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.