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ESTC

ElasticNYSE:ESTC Stock Report

Last Price

US$82.13

Market Cap

US$7.6b

7D

-13.1%

1Y

-51.4%

Updated

23 Jan, 2022

Data

Company Financials +
ESTC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ESTC Stock Overview

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications.

Elastic Competitors

Datadog

NasdaqGS:DDOG

US$39.2b

Splunk

NasdaqGS:SPLK

US$18.3b

Dynatrace

NYSE:DT

US$13.8b

New Relic

NYSE:NEWR

US$6.5b

Price History & Performance

Summary of all time highs, changes and price drops for Elastic
Historical stock prices
Current Share PriceUS$82.13
52 Week HighUS$189.84
52 Week LowUS$81.53
Beta1.05
1 Month Change-33.76%
3 Month Change-52.53%
1 Year Change-51.43%
3 Year Change4.33%
5 Year Changen/a
Change since IPO17.33%

Recent News & Updates

Jan 11

Elastic: One Of The Cheapest 'Rule Of 40' Tech Stocks That Money Can Buy

Shares of Elastic have dropped roughly 45% from an all-time high above $180, despite strength in recent results. Elastic's constant-currency revenue growth has sustained north of >40%, while pro forma operating margins are also now above breakeven. Elastic's usage-based, broad use-case product portfolio can continue to expand in a very new and greenfield market. Elastic is trading quite cheaply at

Jan 05
Health Check: How Prudently Does Elastic (NYSE:ESTC) Use Debt?

Health Check: How Prudently Does Elastic (NYSE:ESTC) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

ESTCUS SoftwareUS Market
7D-13.1%-5.5%-6.1%
1Y-51.4%6.1%4.2%

Return vs Industry: ESTC underperformed the US Software industry which returned 6.1% over the past year.

Return vs Market: ESTC underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is ESTC's price volatile compared to industry and market?
ESTC volatility
ESTC Average Weekly Movement9.6%
Software Industry Average Movement8.7%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: ESTC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ESTC's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20122,626Ash Kulkarnihttps://www.elastic.co

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The company’s Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; Elastic Agent that includes integrated host protection and central management services; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems.

Elastic Fundamentals Summary

How do Elastic's earnings and revenue compare to its market cap?
ESTC fundamental statistics
Market CapUS$7.61b
Earnings (TTM)-US$162.79m
Revenue (TTM)US$733.80m

10.4x

P/S Ratio

-46.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ESTC income statement (TTM)
RevenueUS$733.80m
Cost of RevenueUS$189.50m
Gross ProfitUS$544.30m
ExpensesUS$707.08m
Earnings-US$162.79m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.76
Gross Margin74.18%
Net Profit Margin-22.18%
Debt/Equity Ratio125.8%

How did ESTC perform over the long term?

See historical performance and comparison

Valuation

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

26.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ESTC ($82.13) is trading below our estimate of fair value ($111.11)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ESTC is overvalued based on its PB Ratio (16.9x) compared to the US Software industry average (4.7x).


Future Growth

How is Elastic forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: ESTC's revenue (21% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: ESTC's revenue (21% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Elastic performed over the past 5 years?

-21.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESTC is currently unprofitable.

Growing Profit Margin: ESTC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ESTC is unprofitable, and losses have increased over the past 5 years at a rate of 21.4% per year.

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

Earnings vs Industry: ESTC is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20%).


Return on Equity

High ROE: ESTC has a negative Return on Equity (-36.19%), as it is currently unprofitable.


Financial Health

How is Elastic's financial position?


Financial Position Analysis

Short Term Liabilities: ESTC's short term assets ($1.1B) exceed its short term liabilities ($480.4M).

Long Term Liabilities: ESTC's short term assets ($1.1B) exceed its long term liabilities ($631.5M).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if ESTC's debt to equity ratio has reduced 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 ESTC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ESTC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.3% per year.


Dividend

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

0.049%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ESTC'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 ESTC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Ash Kulkarni (45 yo)

no data

Tenure

US$10,405,904

Compensation

Mr. Ashutosh Kulkarni, also known as Ash, has been Chief Executive Officer & Director of Elastic N.V. from January 2022 and was Chief Product Officer since January 4, 2021 until January 2022. Mr. Kulkarni...


CEO Compensation Analysis

Compensation vs Market: Ash's total compensation ($USD10.41M) is above average for companies of similar size in the US market ($USD6.49M).

Compensation vs Earnings: Insufficient data to compare Ash's compensation with company performance.


Leadership Team

Experienced Management: ESTC's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: ESTC's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6%.


Top Shareholders

Company Information

Elastic N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Elastic N.V.
  • Ticker: ESTC
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$7.606b
  • Shares outstanding: 92.61m
  • Website: https://www.elastic.co

Number of Employees


Location

  • Elastic N.V.
  • 800 West El Camino Real
  • Suite 350
  • Mountain View
  • California
  • 94040
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:09
End of Day Share Price2022/01/21 00:00
Earnings2021/10/31
Annual Earnings2021/04/30


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.