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Envestnet

NYSE:ENV
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

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

Envestnet, Inc., together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. The last earnings update was 25 days ago. More info.


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  • Envestnet has significant price volatility in the past 3 months.
ENV Share Price and Events
7 Day Returns
-4%
NYSE:ENV
0.1%
US Software
-1.1%
US Market
1 Year Returns
10.6%
NYSE:ENV
30.3%
US Software
5.8%
US Market
ENV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Envestnet (ENV) -4% 3.5% 31.6% 10.6% 131.7% 58.1%
US Software 0.1% 2.6% 28.2% 30.3% 108.8% 136.9%
US Market -1.1% -0.2% 19.7% 5.8% 37.9% 41.7%
1 Year Return vs Industry and Market
  • ENV underperformed the Software industry which returned 30.3% over the past year.
  • ENV outperformed the Market in United States of America which returned 5.8% over the past year.
Price Volatility
ENV
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Envestnet 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 Envestnet 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 Envestnet.

NYSE:ENV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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 NYSE:ENV
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))
= 1.14 (1 + (1- 21%) (14.93%))
1.184
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.184 * 5.96%)
9.78%

Discounted Cash Flow Calculation for NYSE:ENV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Envestnet 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.

NYSE:ENV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.78%)
2019 134.90 Analyst x2 122.88
2020 165.10 Analyst x2 136.98
2021 150.00 Analyst x1 113.36
2022 165.00 Analyst x1 113.58
2023 181.00 Analyst x1 113.49
2024 187.29 Est @ 3.48% 106.97
2025 193.38 Est @ 3.25% 100.61
2026 199.37 Est @ 3.1% 94.48
2027 205.32 Est @ 2.99% 88.63
2028 211.30 Est @ 2.91% 83.08
Present value of next 10 years cash flows $1,074.07
NYSE:ENV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $211.30 × (1 + 2.73%) ÷ (9.78% – 2.73%)
$3,076.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,076.98 ÷ (1 + 9.78%)10
$1,209.80
NYSE:ENV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,074.07 + $1,209.80
$2,283.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,283.87 / 48.15
$47.43
NYSE:ENV Discount to Share Price
Calculation Result
Value per share (USD) From above. $47.43
Current discount Discount to share price of $64.03
= -1 x ($64.03 - $47.43) / $47.43
-35%

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

  • The current share price of Envestnet is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Envestnet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Envestnet's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ENV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.13
NYSE:ENV Share Price ** NYSE (2019-03-25) in USD $64.03
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.08x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.17x

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

** Primary Listing of Envestnet.

NYSE:ENV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ENV Share Price ÷ EPS (both in USD)

= 64.03 ÷ 0.13

503.65x

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

  • Envestnet is overvalued based on earnings compared to the US Software industry average.
  • Envestnet is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Envestnet's expected growth come at a high price?
Raw Data
NYSE:ENV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 503.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
59.5%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.32x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NYSE:ENV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 503.65x ÷ 59.5%

8.47x

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

  • Envestnet is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Envestnet's assets?
Raw Data
NYSE:ENV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.17
NYSE:ENV Share Price * NYSE (2019-03-25) in USD $64.03
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.68x
United States of America Market PB Ratio Median Figure of 5,166 Publicly-Listed Companies 1.85x
NYSE:ENV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ENV Share Price ÷ Book Value per Share (both in USD)

= 64.03 ÷ 13.17

4.86x

* Primary Listing of Envestnet.

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

  • Envestnet is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Envestnet'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. Envestnet has a total score of 1/6, 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.

Future Performance

 How is Envestnet expected to perform in the next 1 to 3 years based on estimates from 12 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
59.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Envestnet expected to grow at an attractive rate?
  • Envestnet's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Envestnet's earnings growth is expected to exceed the United States of America market average.
  • Envestnet's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ENV Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ENV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 59.5%
NYSE:ENV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 9.7%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16%
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 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NYSE:ENV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ENV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,259 1
2022-12-31 1,166 1
2021-12-31 1,155 74 3
2020-12-31 1,032 255 49 12
2019-12-31 892 206 21 12
NYSE:ENV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 812 117 6
2018-09-30 785 121 23
2018-06-30 758 114 19
2018-03-31 724 99 18
2017-12-31 684 108 -3
2017-09-30 656 99 -53
2017-06-30 630 90 -56
2017-03-31 604 76 -58
2016-12-31 578 83 -56
2016-09-30 541 52 -27
2016-06-30 495 46 -20
2016-03-31 456 41 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Envestnet's earnings are expected to grow significantly at over 20% yearly.
  • Envestnet's revenue is expected to grow by 9.7% 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
NYSE:ENV 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 12 Analyst Estimates (S&P Global) See Below

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

NYSE:ENV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.00 2.00 2.00 1.00
2022-12-31 1.71 1.71 1.71 1.00
2021-12-31 1.38 1.41 1.35 2.00
2020-12-31 1.01 1.21 0.77 6.00
2019-12-31 0.46 0.58 0.28 5.00
NYSE:ENV Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.13
2018-09-30 0.52
2018-06-30 0.43
2018-03-31 0.41
2017-12-31 -0.08
2017-09-30 -1.23
2017-06-30 -1.30
2017-03-31 -1.34
2016-12-31 -1.30
2016-09-30 -0.64
2016-06-30 -0.49
2016-03-31 -0.24

*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.
  • Envestnet is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Envestnet'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.
Envestnet has a total score of 4/6, 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.

Past Performance

  How has Envestnet 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 Envestnet'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.
  • Envestnet's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Envestnet has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Envestnet has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
Envestnet'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 Envestnet Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ENV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 812.36 5.76 137.25
2018-09-30 785.15 23.18 130.88
2018-06-30 757.60 18.90 126.37
2018-03-31 723.90 17.96 121.59
2017-12-31 683.68 -3.28 118.62
2017-09-30 656.30 -53.50 100.62
2017-06-30 629.84 -56.24 98.35
2017-03-31 604.13 -57.71 98.56
2016-12-31 578.16 -55.57 101.53
2016-09-30 541.12 -26.91 93.24
2016-06-30 495.33 -19.55 86.61
2016-03-31 456.29 -9.07 76.61
2015-12-31 420.92 4.44 69.96
2015-09-30 399.29 12.04 63.16
2015-06-30 384.50 12.51 59.40
2015-03-31 366.66 13.69 56.83
2014-12-31 348.75 14.17 53.32
2014-09-30 326.34 11.18 49.11
2014-06-30 307.65 8.71 46.94
2014-03-31 274.45 6.11 43.51
2013-12-31 242.54 3.66 40.25
2013-09-30 212.52 2.81 35.75
2013-06-30 184.92 2.05 32.23
2013-03-31 171.25 0.27 30.42
2012-12-31 157.27 0.47 28.30
2012-09-30 143.43 2.45 28.18
2012-06-30 133.19 3.83 26.24
2012-03-31 126.56 6.94 23.35

*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.
  • Envestnet has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Envestnet used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Envestnet's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Envestnet'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.
Envestnet has a total score of 0/6, 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.

Health

 How is Envestnet'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 Envestnet's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Envestnet is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Envestnet's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Envestnet'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 not covered by short term assets, assets are 0.8x 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 Envestnet Company Filings, last reported 2 months ago.

NYSE:ENV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 632.60 460.44 289.35
2018-09-30 511.92 456.08 153.54
2018-06-30 501.14 451.86 134.03
2018-03-31 456.04 421.81 43.97
2017-12-31 436.67 240.16 60.12
2017-09-30 409.56 258.52 48.70
2017-06-30 403.17 259.78 27.73
2017-03-31 403.90 284.82 39.48
2016-12-31 413.29 290.91 52.59
2016-09-30 435.45 290.87 50.66
2016-06-30 431.73 290.83 38.52
2016-03-31 434.01 292.82 36.55
2015-12-31 439.93 290.82 51.72
2015-09-30 247.98 148.88 208.35
2015-06-30 237.57 147.63 198.93
2015-03-31 216.66 146.41 209.91
2014-12-31 201.99 145.20 209.75
2014-09-30 173.29 30.00 105.90
2014-06-30 163.74 0.00 64.46
2014-03-31 152.72 0.00 52.63
2013-12-31 147.77 0.00 49.94
2013-09-30 142.96 0.00 36.68
2013-06-30 134.61 0.00 39.68
2013-03-31 128.69 0.00 32.22
2012-12-31 126.00 0.00 29.98
2012-09-30 123.95 0.00 21.13
2012-06-30 121.89 0.00 13.40
2012-03-31 118.04 0.17 70.64
  • Envestnet's level of debt (72.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 72.8% today).
  • Debt is well covered by operating cash flow (25.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Envestnet'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. Envestnet has a total score of 3/6, 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.

Dividends

 What is Envestnet'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 Envestnet dividends. Estimated to be 0% next year.
If you bought $2,000 of Envestnet 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 Envestnet's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Envestnet'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
NYSE:ENV 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 12 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 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
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.

NYSE:ENV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Envestnet has not reported any payouts.
  • Unable to verify if Envestnet's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Envestnet's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Envestnet has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Envestnet'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 Envestnet's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Envestnet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Envestnet 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.

Management

 What is the CEO of Envestnet'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
Jud Bergman
COMPENSATION $2,488,553
AGE 61
TENURE AS CEO 20.2 years
CEO Bio

Mr. Judson Taft Bergman, also known as Jud, is the Chief Executive Officer and Director at FDx Advisors, Inc. Mr. Bergman serves as the Chairman and Chief Executive Officer at EnvestNet Asset Management, Inc. Mr. Bergman co-founded the firm, is responsible for forming and leading the Envestnet’s management team, guiding its strategic alliances and managing the implementation of its business plan. He founded Envestnet, Inc. in 1999 and has been its Chief Executive Officer and Chairman since 1999. Mr. Bergman serves as the Chairman and Chief Executive Officer of Portfolio Management Consultants, Inc. Mr. Bergman’s experience as a founder and chief executive officer of a business serving the investment management industry and his service as a senior executive at an investment advisory firm. He served as Managing Director of Nuveen Mutual Funds Until 1999. Mr. Bergman directed Nuveen's corporate development activity from 1992 to 1997 where, he managed the expansion into equities, initiated the development of Nuveen's separate account business, led Nuveen's 1997 acquisition of Rittenhouse Financial Services and the 1996 merger with Flagship Resources and helped form Nuveen's alliance with Institutional Capital Corp. From 1985 to 1992, he developed and managed Nuveen's merger and acquisition advisory business. Mr. Bergman holds a B.A. in English from Wheaton College and an M.B.A. in Finance and Accounting from Columbia University.

CEO Compensation
  • Jud's compensation has been consistent with company performance over the past year.
  • Jud's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Envestnet management team in years:

11.2
Average Tenure
54
Average Age
  • The average tenure for the Envestnet management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jud Bergman

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
61
TENURE
20.2 yrs

Pete D'Arrigo

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
50
TENURE
11.2 yrs

Scott Grinis

TITLE
Chief Technology Officer
COMPENSATION
$797K
AGE
56
TENURE
15.2 yrs

Bill Crager

TITLE
Chief Executive of Envestnet Wealth Solutions
COMPENSATION
$2M
AGE
54
TENURE
0.2 yrs

Brandon Thomas

TITLE
Co-Founder & Chief Investment Officer
COMPENSATION
$446K
AGE
54
TENURE
20.2 yrs

James Lumberg

TITLE
Co-Founder & Executive VP

Josh Mayer

TITLE
Chief Operating Officer
COMPENSATION
$753K
AGE
44
TENURE
4.9 yrs

Chris Curtis

TITLE
Division CFO & Head of Investor Relations
TENURE
2.9 yrs

Shelly O'Brien

TITLE
Chief Legal Officer
AGE
52
TENURE
17.2 yrs

Debra DeVoe

TITLE
Senior VP & Chief Compliance Officer
TENURE
5.2 yrs
Board of Directors Tenure

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

3.4
Average Tenure
61
Average Age
  • The tenure for the Envestnet board of directors is about average.
Board of Directors

Chip Roame

TITLE
Director
COMPENSATION
$157K
AGE
52
TENURE
7.6 yrs

Jud Bergman

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
61
TENURE
20.2 yrs

Jim Fox

TITLE
Director
COMPENSATION
$177K
AGE
66
TENURE
4.1 yrs

Gayle Crowell

TITLE
Director
COMPENSATION
$125K
AGE
67
TENURE
3 yrs

Greg Smith

TITLE
Director
COMPENSATION
$180K
AGE
54
TENURE
4.1 yrs

Ross Chapin

TITLE
Lead Director
COMPENSATION
$186K
AGE
65
TENURE
3.4 yrs

Anil Arora

TITLE
Director
COMPENSATION
$2M
AGE
57
TENURE
3.3 yrs

Luis Aguilar

TITLE
Director
COMPENSATION
$123K
AGE
64
TENURE
3 yrs

Valerie Mosley

TITLE
Director
AGE
58
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Envestnet insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Mar 19 Sell Stuart DePina Individual 20. Mar 19 20. Mar 19 -5,365 $65.09 $-349,208
20. Mar 19 Sell Shelly O'Brien Individual 18. Mar 19 18. Mar 19 -11,147 $66.71 $-743,616
20. Mar 19 Sell Scott Grinis Individual 18. Mar 19 18. Mar 19 -10,162 $66.29 $-673,639
31. Aug 18 Sell Charles Roame Individual 29. Aug 18 29. Aug 18 -7,481 $62.86 $-470,256
22. Aug 18 Sell Judson Bergman Individual 22. Aug 18 22. Aug 18 -25,000 $59.04 $-1,476,000
22. Aug 18 Sell Joshua Mayer Individual 20. Aug 18 20. Aug 18 -5,398 $59.44 $-320,857
X
Management checks
We assess Envestnet'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. Envestnet 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.

News

Simply Wall St News

At US$66.67, Is It Time To Put Envestnet, Inc. (NYSE:ENV) On Your Watch List?

(NYSE:ENV), which is in the software business, and is based in United States,. … received a lot of attention from a substantial price increase on the NYSE over the last few months. … Let’s take a look at Envestnet’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

How Financially Strong Is Envestnet Inc (NYSE:ENV)?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Envestnet Inc (NYSE:ENV), with a market cap of US$2.4b, are often out of the spotlight. … ENV’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Why Envestnet Inc (NYSE:ENV) Could Be Worth Watching

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $63.8 at one point, and dropping to the lows of $50.8. … A question to answer is whether Envestnet's current trading price of $50.8 reflective of the actual value of the? … Let’s take a look at Envestnet’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Envestnet Inc (NYSE:ENV): Can It Deliver A Superior ROE To The Industry?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into ENV's past performance.

Simply Wall St -

What does Envestnet Inc's (NYSE:ENV) Balance Sheet Tell Us About Its Future?

Mid-caps stocks, like Envestnet Inc (NYSE:ENV) with a market capitalization of US$2.68b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Today we will look at ENV’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Have Investors Priced In Envestnet Inc's (NYSE:ENV) Growth?

Envestnet Inc (NYSE:ENV) is considered a high-growth stock, but its last closing price of $54.7 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … One reason why investors are attracted to ENV is the high growth potential in the near future

Simply Wall St -

Should You Be Tempted To Sell Envestnet Inc (NYSE:ENV) Because Of Its PE Ratio?

and want to begin learning the link between Envestnet Inc (NYSE:ENV)’s fundamentals and stock market performance. … Envestnet Inc (NYSE:ENV) is trading with a trailing P/E of 145.9x, which is higher than the industry average of 33.2x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Envestnet Inc (NYSE:ENV): What Is Driving Margins?

With analysts forecasting … Envestnet Inc (NYSE:ENV) to … earnings growth of 47.31% annualised

Simply Wall St -

Why I Bought Envestnet Inc (NYSE:ENV)

Net income is expected to increase to US$15.82M in the upcoming year, and over the next five years, earnings are expected to rise at an annual rate of 70.67% on average, compared to the industry average growth of 18.16%. … Although its debt level relative to equity is high at 55.00%, I don't see this as much of a risk given that the company matches its debt level with the ability to produce cash. … At 45.38 million shares, that's a US$2.62B market cap, which is too high compared to its peers based on its industry and adjusted for its asset level.

Simply Wall St -

Envestnet Inc (NYSE:ENV): Does -98.84% Earnings Drop In A Year Reflect The Long-Term Trend?

For the most up-to-date info, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Envestnet, its latest trailing-twelve-month earnings is -US$53.50M, which, in comparison to the previous year's figure, has become more negative. … Though Envestnet's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Company Info

Description

Envestnet, Inc., together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company’s product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services. It also provides Envestnet | Yodlee data aggregation and data analytics platform, which offers cloud-based innovation for digital financial services. The company primarily serves banks, wealth management and brokerage firms, Internet services companies, and registered investment advisers. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

Details
Name: Envestnet, Inc.
ENV
Exchange: NYSE
Founded: 1999
$3,083,010,756
48,149,473
Website: http://www.envestnet.com
Address: Envestnet, Inc.
35 East Wacker Drive,
Suite 2400,
Chicago,
Illinois, 60601,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ENV Common Shares New York Stock Exchange US USD 29. Jul 2010
DB 30E Common Shares Deutsche Boerse AG DE EUR 29. Jul 2010
Number of employees
Current staff
Staff numbers
3,920
Envestnet employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/26 00:23
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.