Model N, Inc. provides revenue management cloud solutions for the life sciences and technology companies.
Adequate balance sheet with concerning outlook.
Share Price & News
How has Model N's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MODN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MODN exceeded the US Software industry which returned 35.5% over the past year.
Return vs Market: MODN exceeded the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Model N's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StHave Model N, Inc. (NYSE:MODN) Insiders Been Selling Their Stock?
2 weeks ago | Simply Wall StIs Model N (NYSE:MODN) Using Too Much Debt?
1 month ago | Simply Wall StDid You Miss Model N's (NYSE:MODN) Whopping 301% Share Price Gain?
Is Model N undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MODN ($32.26) is trading above our estimate of fair value ($19.11)
Significantly Below Fair Value: MODN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MODN is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: MODN 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 MODN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MODN is overvalued based on its PB Ratio (18.1x) compared to the US Software industry average (5.9x).
How is Model N forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MODN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: MODN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: MODN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: MODN's revenue (10.7% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: MODN's revenue (10.7% 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 low in 3 years time (17.8%).
How has Model N performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MODN is currently unprofitable.
Growing Profit Margin: MODN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MODN is unprofitable, and losses have increased over the past 5 years at a rate of -0.4% per year.
Accelerating Growth: Unable to compare MODN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MODN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.4%).
Return on Equity
High ROE: MODN has a negative Return on Equity (-29.6%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Model N's financial position?
Financial Position Analysis
Short Term Liabilities: MODN's short term assets ($94.6M) exceed its short term liabilities ($70.7M).
Long Term Liabilities: MODN's short term assets ($94.6M) exceed its long term liabilities ($43.8M).
Debt to Equity History and Analysis
Debt Level: MODN's debt to equity ratio (74.8%) is considered high.
Reducing Debt: Insufficient data to determine if MODN's debt to equity ratio has reduced over the past 5 years.
Inventory Level: MODN has a low level of unsold assets or inventory.
Debt Coverage by Assets: MODN's debt is covered by short term assets (assets are 2.1x 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 MODN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MODN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.3% per year.
What is Model N's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MODN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MODN'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 MODN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MODN'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 MODN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jason Blessing (47yo)
Mr. Jason Blessing serves as Chief Executive Officer and Director of Model N, Inc. since effective May 10, 2018. Mr. Blessing served as Senior Vice President of product development at Oracle and oversees t ...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD3.03M) is about average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
|CEO & Director||1.8yrs||US$3.03m||0.023% $248.1k|
|Senior VP & CFO||2.8yrs||US$1.30m||0.57% $6.2m|
|Senior Vice President of Global Services||3.8yrs||US$840.34k||0.42% $4.5m|
|Senior VP & Chief Revenue Officer||0.8yrs||US$1.91m||0.32% $3.5m|
|Senior VP & Chief Product Officer||0.4yrs||US$491.04k||no data|
|Senior VP & General Counsel||0yrs||no data||no data|
|Senior VP & Chief Marketing Officer||0.3yrs||no data||no data|
|Senior VP & Chief People Officer||1.3yrs||no data||0.14% $1.5m|
|Senior VP & GM of High Tech||2.8yrs||no data||no data|
|SVP & Chief Strategy Officer||1.1yrs||no data||no data|
Experienced Management: MODN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|CEO & Director||1.8yrs||US$3.03m||0.023% $248.1k|
|Independent Director||3.2yrs||US$239.36k||0.11% $1.2m|
|Independent Director||1.2yrs||US$243.25k||0.034% $363.7k|
|Independent Director||4.8yrs||US$232.11k||0.11% $1.2m|
|Independent Director||0.8yrs||US$142.04k||0.012% $124.1k|
|Independent Non-Executive Chairman of the Board||1yrs||US$247.84k||0.089% $953.8k|
|Independent Director||3.5yrs||US$217.60k||0.12% $1.3m|
|Director||0.08yrs||no data||no data|
Experienced Board: MODN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MODN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.7%.
Model N, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Model N, Inc.
- Ticker: MODN
- Exchange: NYSE
- Founded: 1999
- Industry: Application Software
- Sector: Software
- Market Cap: US$1.075b
- Shares outstanding: 33.33m
- Website: https://www.modeln.com
Number of Employees
- Model N, Inc.
- 777 Mariners Island Boulevard
- Suite 300
- San Mateo
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MODN||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Mar 2013|
|2MD||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 2013|
|0K24||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Mar 2013|
Model N, Inc. provides revenue management cloud solutions for the life sciences and technology companies. The company’s cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High-Tech Manufacturing, and Revenue Cloud for Semiconductors and Components. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies. The company also offers revenue management processes, such as pricing, quoting, contracting, rebates, incentives, channel management, and regulatory compliance. In addition, Model N, Inc. provides implementation, managed, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. Model N, Inc. was founded in 1999 and is headquartered in San Mateo, California, with additional offices in the United States, India, and Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 02:23|
|End of Day Share Price||2020/02/21 00:00|
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.