company background image
PING

Ping Identity Holding NYSE:PING Stock Report

Last Price

US$18.75

Market Cap

US$1.6b

7D

2.8%

1Y

-18.1%

Updated

29 Jun, 2022

Data

Company Financials +
PING fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PING Stock Overview

Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally.

Ping Identity Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ping Identity Holding
Historical stock prices
Current Share PriceUS$18.75
52 Week HighUS$30.40
52 Week LowUS$15.85
Beta1.12
1 Month Change-5.92%
3 Month Change-31.64%
1 Year Change-18.12%
3 Year Changen/a
5 Year Changen/a
Change since IPO-6.76%

Recent News & Updates

May 26
Ping Identity Holding Corp. (NYSE:PING) Shares Could Be 46% Below Their Intrinsic Value Estimate

Ping Identity Holding Corp. (NYSE:PING) Shares Could Be 46% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ping Identity Holding...

May 15

Ping Identity Q1 Earnings: Turnaround On

ARR growth at Ping Identity accelerated for the fifth straight quarter fueled by increasing SaaS revenues. Increasing share of SaaS revenues puts pressure on gross margins, however, they are still at good levels. Increasingly strong ties to the federal government could provide a positive catalyst for the year.

Shareholder Returns

PINGUS SoftwareUS Market
7D2.8%2.6%1.6%
1Y-18.1%-22.4%-20.8%

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

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

Price Volatility

Is PING's price volatile compared to industry and market?
PING volatility
PING Average Weekly Movement9.4%
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: PING is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: PING's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20161,247Andre Durandhttps://www.pingidentity.com

Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally. Its Ping Intelligent Identity platform provides access to cloud, mobile, Software-as-a-Service, and on-premise applications with customers, workforce, and partners. The company’s platform offers secure single sign-on; multi-factor authentication; access security; directory solution; dynamic authorization; risk management; identity verification; API intelligence; orchestration; and fraud detection.

Ping Identity Holding Fundamentals Summary

How do Ping Identity Holding's earnings and revenue compare to its market cap?
PING fundamental statistics
Market CapUS$1.60b
Earnings (TTM)-US$68.71m
Revenue (TTM)US$315.20m

5.1x

P/S Ratio

-23.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PING income statement (TTM)
RevenueUS$315.20m
Cost of RevenueUS$73.09m
Gross ProfitUS$242.11m
Other ExpensesUS$310.83m
Earnings-US$68.71m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.81
Gross Margin76.81%
Net Profit Margin-21.80%
Debt/Equity Ratio40.0%

How did PING perform over the long term?

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

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 PING?

Other financial metrics that can be useful for relative valuation.

PING 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/Revenue5.4x
Enterprise Value/EBITDA-30.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

PING PS Ratio vs Peers
The above table shows the PS ratio for PING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.9x
ZUO Zuora
3.3x17.5%US$1.2b
NABL N-able
4.6x12.2%US$1.6b
PRGS Progress Software
3.5x5.8%US$2.0b
ATEN A10 Networks
4.2x10.1%US$1.1b
PING Ping Identity Holding
5.1x17.1%US$1.6b

Price-To-Sales vs Peers: PING is expensive based on its Price-To-Sales Ratio (5.1x) compared to the peer average (3.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: PING is expensive based on its Price-To-Sales Ratio (5.1x) compared to the US Software industry average (4.4x)


Price to Sales Ratio vs Fair Ratio

What is PING'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.

PING PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.1x
Fair PS Ratio6.3x

Price-To-Sales vs Fair Ratio: PING is good value based on its Price-To-Sales Ratio (5.1x) compared to the estimated Fair Price-To-Sales Ratio (6.3x).


Share Price vs Fair Value

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

Below Fair Value: PING ($18.75) is trading below our estimate of fair value ($35.92)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Ping Identity Holding forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: PING's revenue (17.1% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: PING's revenue (17.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Discover growth companies

Past Performance

How has Ping Identity Holding 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


-78.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PING is currently unprofitable.

Growing Profit Margin: PING is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PING is unprofitable, and losses have increased over the past 5 years at a rate of 78.6% per year.

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

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


Return on Equity

High ROE: PING has a negative Return on Equity (-9.4%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Ping Identity Holding's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PING's short term assets ($383.0M) exceed its short term liabilities ($113.0M).

Long Term Liabilities: PING's short term assets ($383.0M) exceed its long term liabilities ($308.8M).


Debt to Equity History and Analysis

Debt Level: PING's net debt to equity ratio (10.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PING'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: PING has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PING has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is Ping Identity Holding 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 PING's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if PING'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 PING has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.2yrs

Average management tenure


CEO

Andre Durand (51 yo)

21.42yrs

Tenure

US$5,497,645

Compensation

Mr. Andre Wong Durand is Founder of Ping Identity Corporation since 2002 and serves as its Chief Executive Officer since January 2002. Mr. Durand is Founder at Ping Identity Holding Corp. and is its Chief...


CEO Compensation Analysis

Compensation vs Market: Andre's total compensation ($USD5.50M) is about average for companies of similar size in the US market ($USD5.49M).

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


Leadership Team

Experienced Management: PING's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: PING's board of directors are considered experienced (3.3 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 been diluted in the past year, with total shares outstanding growing by 3.9%.


Top Shareholders

Company Information

Ping Identity Holding Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ping Identity Holding Corp.
  • Ticker: PING
  • Exchange: NYSE
  • Founded: 2016
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: US$1.599b
  • Shares outstanding: 85.29m
  • Website: https://www.pingidentity.com

Number of Employees


Location

  • Ping Identity Holding Corp.
  • 1001 17th Street
  • Suite 100
  • Denver
  • Colorado
  • 80202
  • 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
Earnings2022/03/31
Annual Earnings2021/12/31


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.