Model N Future Growth

Future criteria checks 4/6

Model N is forecast to grow earnings and revenue by 129% and 7.6% per annum respectively. EPS is expected to grow by 118.1% per annum. Return on equity is forecast to be 31.1% in 3 years.

Key information

129.0%

Earnings growth rate

118.1%

EPS growth rate

Software earnings growth	16.5%
Revenue growth rate	7.6%
Future return on equity	31.1%
Analyst coverage	Good
Last updated	23 Apr 2024

Recent future growth updates

Model N, Inc. (NYSE:MODN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 09

Recent updates

Model N, Inc. (NYSE:MODN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 09

Model N Is Dead Money, Recent Downside Will Likely Continue

Jan 10

Model N: A Resilient Growth Story In Revenue Management Solutions

Oct 16

Is Model N (NYSE:MODN) Using Too Much Debt?

Sep 27

Model N: Where Do We Go From Here? (Ratings Downgrade)

Aug 22

Unpleasant Surprises Could Be In Store For Model N, Inc.'s (NYSE:MODN) Shares

Jul 17

We Think Model N (NYSE:MODN) Has A Fair Chunk Of Debt

Jun 15

Calculating The Intrinsic Value Of Model N, Inc. (NYSE:MODN)

Apr 10

This Is Why Shareholders Will Hold Back On A Pay Rise For Model N, Inc.'s (NYSE:MODN) CEO This Year

Feb 10

Is Model N (NYSE:MODN) Using Debt Sensibly?

Jan 13

Model N: Fundamentals Don't Support Valuation

Dec 20

Is Model N (NYSE:MODN) Weighed On By Its Debt Load?

Sep 28

Model N: Little Reason To Stay Invested

Sep 20

Estimating The Fair Value Of Model N, Inc. (NYSE:MODN)

Aug 06

Model N: Downgrading To Neutral On Deceleration

Jul 06

Health Check: How Prudently Does Model N (NYSE:MODN) Use Debt?

Jun 14

Is It Too Late To Consider Buying Model N, Inc. (NYSE:MODN)?

May 07

Earnings and Revenue Growth Forecasts

NYSE:MODN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	314	11	66	65	4
9/30/2025	285	6	55	55	9
9/30/2024	262	1	48	48	8
12/31/2023	254	-32	43	44	N/A
9/30/2023	249	-34	23	24	N/A
6/30/2023	244	-43	31	31	N/A
3/31/2023	236	-52	15	16	N/A
12/31/2022	227	-26	16	17	N/A
9/30/2022	219	-29	24	25	N/A
6/30/2022	212	-27	27	27	N/A
3/31/2022	207	-28	19	19	N/A
12/31/2021	202	-31	9	10	N/A
9/30/2021	193	-30	19	20	N/A
6/30/2021	183	-27	16	17	N/A
3/31/2021	174	-22	13	14	N/A
12/31/2020	165	-16	18	19	N/A
9/30/2020	161	-14	14	14	N/A
6/30/2020	156	-16	13	13	N/A
3/31/2020	150	-16	13	13	N/A
12/31/2019	145	-18	10	10	N/A
9/30/2019	141	-19	10	10	N/A
6/30/2019	141	-17	8	8	N/A
3/31/2019	146	-30	8	8	N/A
12/31/2018	151	-28	8	8	N/A
9/30/2018	155	-28	2	3	N/A
6/30/2018	154	-34	3	4	N/A
3/31/2018	148	-29	-4	-3	N/A
12/31/2017	142	-37	-14	-13	N/A
9/30/2017	131	-40	N/A	-12	N/A
6/30/2017	124	-38	N/A	-21	N/A
3/31/2017	118	-36	N/A	-18	N/A
12/31/2016	111	-33	N/A	-13	N/A
9/30/2016	107	-33	N/A	-12	N/A
6/30/2016	104	-30	N/A	-11	N/A
3/31/2016	100	-27	N/A	-10	N/A
12/31/2015	96	-23	N/A	-13	N/A
9/30/2015	94	-20	N/A	-9	N/A
6/30/2015	89	-21	N/A	-8	N/A
3/31/2015	84	-22	N/A	-8	N/A
12/31/2014	82	-22	N/A	-8	N/A
9/30/2014	82	-21	N/A	-6	N/A
6/30/2014	89	-14	N/A	-3	N/A
3/31/2014	97	-6	N/A	-4	N/A
12/31/2013	101	-3	N/A	-1	N/A
9/30/2013	102	-1	N/A	0	N/A
6/30/2013	97	-1	N/A	-2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MODN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

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

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

Revenue vs Market: MODN's revenue (7.6% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: MODN's revenue (7.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MODN's Return on Equity is forecast to be high in 3 years time (31.1%)

Model N Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Model N, Inc. (NYSE:MODN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Model N, Inc. Provides Earnings Guidance for the Second Quarter of the Fiscal Year 2024 Ending March 31, 2024 and the Full Fiscal Year Ending September 30, 2024

Price target decreased by 8.6% to US$30.67

Price target decreased by 7.9% to US$31.22

Forecast breakeven date moved forward to 2024

Model N, Inc. Provides Earnings Guidance for the First Quarter Ending December 31, 2023 and the Full Fiscal Year Ending September 30, 2024

Recent updates

ClearBridge Investments Sends Letter Urging Board of Directors of Model N to Reconsider Proposed Acquisition by Vista Equity Partners

Model N, Inc. Agrees to Go Private in $1.25 Billion Deal

Vista Equity Partners Management, LLC entered into a definitive agreement to acquire Model N, Inc. (NYSE:MODN) for $1.3 billion.

Is Model N (NYSE:MODN) Using Too Much Debt?

Model N: Unspectacular But Steady (Rating Upgrade)

Chief Revenue Officer notifies of intention to sell stock

Getting In Cheap On Model N, Inc. (NYSE:MODN) Is Unlikely

CEO & Director recently sold US$724k worth of stock

CEO & Director notifies of intention to sell stock

Independent Director recently sold US$134k worth of stock

Independent Director notifies of intention to sell stock

Model N, Inc. (NYSE:MODN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Model N, Inc. Provides Earnings Guidance for the Second Quarter of the Fiscal Year 2024 Ending March 31, 2024 and the Full Fiscal Year Ending September 30, 2024

Model N Launches Price Management to Help High-Tech Companies Streamline Pricing

Model N, Inc. to Report Q1, 2024 Results on Feb 06, 2024

Model N Is Dead Money, Recent Downside Will Likely Continue

Model N, Inc., Annual General Meeting, Feb 15, 2024

Price target decreased by 8.6% to US$30.67

Senior VP & Chief Revenue Officer recently sold US$246k worth of stock

Price target decreased by 7.9% to US$31.22

President recently sold US$216k worth of stock

Forecast breakeven date moved forward to 2024

Model N, Inc. Provides Earnings Guidance for the First Quarter Ending December 31, 2023 and the Full Fiscal Year Ending September 30, 2024

Full year 2023 earnings released: US$0.89 loss per share (vs US$0.78 loss in FY 2022)

Model N Launches Channel Collaboration to Strengthen Visibility for High-Tech Manufacturers and Their Channel Partners

Model N, Inc. to Report Q4, 2023 Results on Nov 09, 2023

Model N: A Resilient Growth Story In Revenue Management Solutions

Chief Services Officer notifies of intention to sell stock

Is Model N (NYSE:MODN) Using Too Much Debt?

Model N: Where Do We Go From Here? (Ratings Downgrade)

President recently sold US$269k worth of stock

Consensus EPS estimates upgraded to US$0.81 loss

Forecast to breakeven in 2025

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Model N, Inc. Provides Earnings Guidance for the Fourth Quarter and the Full Fiscal Year Ending September 30, 2023

Unpleasant Surprises Could Be In Store For Model N, Inc.'s (NYSE:MODN) Shares

Model N, Inc. to Report Q3, 2023 Results on Aug 08, 2023

Model N, Inc.(NYSE:MODN) dropped from Russell 2000 Defensive Index

We Think Model N (NYSE:MODN) Has A Fair Chunk Of Debt

Senior VP & Chief People Officer notifies of intention to sell stock

Senior VP & Chief People Officer notifies of intention to sell stock

President recently sold US$359k worth of stock

Model N Announces Its Spring 2023 Product Release for Life Sciences and High-Tech Customers

Consensus EPS estimates fall by 243%

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Model N, Inc. Provides Earnings Guidance for the Third Quarter Ending June 30, 2023 and the Full Fiscal Year Ending September 30, 2023

Calculating The Intrinsic Value Of Model N, Inc. (NYSE:MODN)

Chief Financial Officer notifies of intention to sell stock

Senior VP & Chief People Officer notifies of intention to sell stock

Independent Director recently sold US$124k worth of stock

Independent Director notifies of intention to sell stock

This Is Why Shareholders Will Hold Back On A Pay Rise For Model N, Inc.'s (NYSE:MODN) CEO This Year

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Model N, Inc. Provides Revenue Guidance for the Second Quarter Fiscal Year 2023 Ending March 31, 2023 and the Full Fiscal Year Ending September 30, 2023

Insufficient new directors

Model N, Inc. to Report Q1, 2023 Results on Feb 07, 2023

Is Model N (NYSE:MODN) Using Debt Sensibly?

Chief Services Officer notifies of intention to sell stock

Model N, Inc., Annual General Meeting, Feb 16, 2023

Model N: Fundamentals Don't Support Valuation

Senior VP & Chief Product Officer recently sold US$792k worth of stock

Independent Director notifies of intention to sell stock

Chief Strategy & Marketing Officer notifies of intention to sell stock

Full year 2022 earnings: EPS misses analyst expectations

Independent Director recently sold US$983k worth of stock

Price target increased to US$42.14

Model N, Inc. Announces Its Fall 2022 Product Release of the Model N Revenue Cloud

Full year 2022 earnings: EPS misses analyst expectations