NYSE:PLAN

Stock Analysis Report

Executive Summary

Anaplan, Inc. provides a cloud-based connected planning platform.

Rewards

Revenue is forecast to grow 23.51% per year

Risk Analysis

Earnings are forecast to decline by an average of -3.1% per year for the next 3 years

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Excellent balance sheet with limited growth.


Similar Companies

Share Price & News

How has Anaplan's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLAN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.5%

PLAN

0.8%

US Software

0.6%

US Market


1 Year Return

85.4%

PLAN

40.0%

US Software

24.6%

US Market

Return vs Industry: PLAN exceeded the US Software industry which returned 39.8% over the past year.

Return vs Market: PLAN exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

PLANIndustryMarket
7 Day-2.5%0.8%0.6%
30 Day5.2%6.0%3.0%
90 Day14.1%17.3%10.6%
1 Year85.4%85.4%41.3%40.0%27.3%24.6%
3 Yearn/a139.7%130.2%50.5%40.8%
5 Yearn/a220.7%198.4%78.9%59.1%

Price Volatility Vs. Market

How volatile is Anaplan's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

25.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PLAN ($57.04) is trading above our estimate of fair value ($41.42)

Significantly Below Fair Value: PLAN is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PLAN is overvalued based on its PB Ratio (25.8x) compared to the US Software industry average (5.9x).


Next Steps

Future Growth

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

-3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: PLAN's revenue (23.5% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: PLAN's revenue (23.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Anaplan performed over the past 5 years?

-34.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLAN is currently unprofitable.

Growing Profit Margin: PLAN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLAN is unprofitable, and losses have increased over the past 5 years at a rate of -34.1% per year.

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

Earnings vs Industry: PLAN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20.8%).


Return on Equity

High ROE: PLAN has a negative Return on Equity (-49.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Anaplan's financial position?


Financial Position Analysis

Short Term Liabilities: PLAN's short term assets ($442.9M) exceed its short term liabilities ($277.2M).

Long Term Liabilities: PLAN's short term assets ($442.9M) exceed its long term liabilities ($46.5M).


Debt to Equity History and Analysis

Debt Level: PLAN is debt free.

Reducing Debt: PLAN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: PLAN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PLAN's debt is covered by short term assets.


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: PLAN has sufficient cash runway for more than 3 years based on its current free cash flow.

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


Next Steps

Dividend

What is Anaplan's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Years0%

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

What is the CEO of Anaplan's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Frank Calderoni (62yo)

3yrs

Tenure

US$17,148,503

Compensation

Mr. Frank A. Calderoni has been the Chief Executive Officer and President of Anaplan, Inc. since January 23, 2017 and served as its Interim Chief Financial Officer since July 2018 until September 2018. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD17.15M) is above average for companies of similar size in the US market ($USD6.46M).

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


Management Age and Tenure

1.9yrs

Average Tenure

Experienced Management: PLAN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

3.9yrs

Average Tenure

53yo

Average Age

Experienced Board: PLAN's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$1,325,01826 Dec 19
David Morton
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares25,000
Max PriceUS$53.00
SellUS$11,620,11826 Dec 19
MeriTech Capital Partners
EntityCompany
Shares219,197
Max PriceUS$53.09
SellUS$3,161,17325 Sep 19
David Morton
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares60,000
Max PriceUS$53.00
SellUS$4,184,25125 Sep 19
Sandesh Patnam
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares80,000
Max PriceUS$52.96
SellUS$20,624,22023 Sep 19
MeriTech Capital Partners
EntityCompany
Shares396,324
Max PriceUS$54.53
SellUS$4,974,62002 Jul 19
Frank Calderoni
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares100,000
Max PriceUS$49.75
SellUS$2,231,90128 Jun 19
Sandesh Patnam
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares45,000
Max PriceUS$49.60
SellUS$22,282,51528 Jun 19
Napean Trading And Investment Co Pvt Ltd, Asset Management Arm
EntityCompany
Shares450,000
Max PriceUS$49.67
SellUS$20,549,69021 Jun 19
MeriTech Capital Partners
EntityCompany
Shares396,324
Max PriceUS$53.00
SellUS$7,134,29011 Jun 19
Ravi Mohan
EntityIndividual
Shares149,257
Max PriceUS$48.37
BuyUS$1,544,59505 Jun 19
Robert Beauchamp
EntityIndividual
Role
Lead Director
Lead Director
Shares37,000
Max PriceUS$41.75
SellUS$286,93630 May 19
Ying Xian Chung
EntityIndividual
Shares6,880
Max PriceUS$41.71
SellUS$5,299,20427 Apr 19
Frank Calderoni
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares152,318
Max PriceUS$34.79

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 354%.


Management Team

  • Frank Calderoni (62yo)

    Chairman

    • Tenure: 3yrs
    • Compensation: US$17.15m
  • Dave Morton (47yo)

    Executive VP & CFO

    • Tenure: 1.3yrs
    • Compensation: US$16.25m
  • Michael Gould

    • Tenure: 14yrs
  • Simon Tucker

    Chief Planning Officer

    • Tenure: 1.6yrs
  • Rajeev Mitroo

    Managing Director for Australia & New Zealand

    • Tenure: 5.8yrs
  • Christophe Bodin

    Chief Customer Officer

    • Tenure: 1.6yrs
  • Marilyn Miller

    Chief People Officer

    • Tenure: 2.3yrs
  • Gary Spiegel

    VP of Legal & Secretary

    • Edelita Tichepco

      Vice President of Investor Relations

      • Gagan Dhingra

        Acting Controller & Chief Accounting Officer

        • Tenure: 0.3yrs

      Board Members

      • Chris McKay

        Board Observer

        • Tenure: 8.1yrs
      • Rob Ward (52yo)

        Independent Director

        • Tenure: 6.9yrs
      • Bob Beauchamp (59yo)

        Lead Director

        • Compensation: US$742.89k
      • Frank Calderoni (62yo)

        Chairman

        • Tenure: 3yrs
        • Compensation: US$17.15m
      • Sandesh Patnam (44yo)

        Independent Director

        • Tenure: 4.1yrs
        • Compensation: US$11.56k
      • Sue Bostrom (59yo)

        Independent Director

        • Tenure: 2.3yrs
        • Compensation: US$10.95k
      • Guy Haddleton (64yo)

        Board Observer

        • Suresh Vasudevan (48yo)

          Director

          • Tenure: 0.8yrs
        • Dave Conte (53yo)

          Independent Director

          • Tenure: 3.9yrs
          • Compensation: US$16.42k
        • Yvonne Wassenaar (50yo)

          Director

          • Tenure: 0.2yrs

        Company Information

        Anaplan, Inc.'s company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Anaplan, Inc.
        • Ticker: PLAN
        • Exchange: NYSE
        • Founded: 2008
        • Industry: Application Software
        • Sector: Software
        • Market Cap: US$7.427b
        • Shares outstanding: 133.61m
        • Website: https://www.anaplan.com

        Number of Employees


        Location

        • Anaplan, Inc.
        • 50 Hawthorne Street
        • San Francisco
        • California
        • 94105
        • United States

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        PLANNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2018
        PLAN1 *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNOct 2018

        Biography

        Anaplan, Inc. provides a cloud-based connected planning platform. Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations. The company delivers its application over the Internet as a subscription service using a software-as-a-service model. It operates in the United States, Australia, Austria, Belgium, France, Germany, India, Japan, the Netherlands, Russia, Singapore, Sweden, Switzerland, and the United Kingdom. Anaplan, Inc. has an alliance with Ernst & Young LLP to enable organizations deploy connected planning platform for business transformation. The company was founded in 2008 and is headquartered in San Francisco, California. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/23 01:19
        End of Day Share Price2020/01/22 00:00
        Earnings2019/10/31
        Annual Earnings2019/01/31


        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.