Square
Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The last earnings update was 25 days ago. More info.
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- Square has significant price volatility in the past 3 months.
SQ Share Price and Events
7 Day Returns
1 Year Returns
SQ Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Square (SQ) | -2% | -1.3% | 48% | 45.3% | 483% | - |
| US IT | -0.2% | 4.7% | 27.6% | 21.5% | 78.5% | 97.6% |
| US Market | -1.1% | 0.3% | 16.7% | 6.4% | 37.9% | 42.1% |
1 Year Return vs Industry and Market
- SQ outperformed the IT industry which returned 21.5% over the past year.
- SQ outperformed the Market in United States of America which returned 6.4% over the past year.
Value
Is Square undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Square
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Square.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 29 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| IT Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 21%) (2.85%)) |
1.058 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.06 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.058 * 5.96%) |
9.03% |
Discounted Cash Flow Calculation for NYSE:SQ using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Square is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.03%) |
|
|---|---|---|---|
| 2019 | 350.94 | Analyst x6 | 321.86 |
| 2020 | 565.32 | Analyst x6 | 475.52 |
| 2021 | 908.94 | Analyst x4 | 701.20 |
| 2022 | 1,186.00 | Analyst x1 | 839.13 |
| 2023 | 1,222.65 | Analyst x2 | 793.39 |
| 2024 | 1,258.73 | Est @ 2.95% | 749.12 |
| 2025 | 1,295.03 | Est @ 2.88% | 706.87 |
| 2026 | 1,331.79 | Est @ 2.84% | 666.69 |
| 2027 | 1,369.15 | Est @ 2.81% | 628.61 |
| 2028 | 1,407.26 | Est @ 2.78% | 592.57 |
| Present value of next 10 years cash flows | $6,474.96 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,407.26 × (1 + 2.73%) ÷ (9.03% – 2.73%) |
$22,931.25 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $22,931.25 ÷ (1 + 9.03%)10 |
$9,655.90 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $6,474.96 + $9,655.90 |
$16,130.86 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $16,130.86 / 419.69 |
$38.43 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $38.43 |
| Current discount | Discount to share price of
$75.09
= -1 x ($75.09 - $38.43) / $38.43 |
-95.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Square is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Square's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Square's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-0.09 |
| NYSE:SQ Share Price ** | NYSE (2019-03-22) in USD | $75.09 |
| United States of America IT Industry PE Ratio | Median Figure of 78 Publicly-Listed IT Companies | 30.06x |
| United States of America Market PE Ratio | Median Figure of 3,061 Publicly-Listed Companies | 17.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Square.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:SQ Share Price ÷ EPS (both in USD) = 75.09 ÷ -0.09 |
-792.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Square is loss making, we can't compare its value to the US IT industry average.
- Square is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Square's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -792.31x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts |
43.4%per year |
| United States of America IT Industry PEG Ratio | Median Figure of 65 Publicly-Listed IT Companies | 2.39x |
| United States of America Market PEG Ratio | Median Figure of 2,104 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Square, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Square's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $2.69 |
| NYSE:SQ Share Price * | NYSE (2019-03-22) in USD | $75.09 |
| United States of America IT Industry PB Ratio | Median Figure of 122 Publicly-Listed IT Companies | 4.4x |
| United States of America Market PB Ratio | Median Figure of 5,164 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:SQ Share Price ÷ Book Value per Share (both in USD) = 75.09 ÷ 2.69 |
27.95x |
* Primary Listing of Square.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Square is overvalued based on assets compared to the US IT industry average.
Value checks
We assess Square's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the IT industry average (and greater than 0)? (1 check) Square has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Square expected to perform in the next 1 to 3 years based on estimates from 29 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Square's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Square's earnings growth is expected to exceed the United States of America market average.
- Square's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:SQ Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts | 43.4% |
| NYSE:SQ Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts | 10.4% |
| United States of America IT Industry Earnings Growth Rate | Market Cap Weighted Average | 15.8% |
| United States of America IT Industry Revenue Growth Rate | Market Cap Weighted Average | 9.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 29 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 6,686 | 854 | 2 | |
| 2022-12-31 | 5,172 | 612 | 3 | |
| 2021-12-31 | 4,097 | 993 | 386 | 10 |
| 2020-12-31 | 3,031 | 769 | 136 | 27 |
| 2019-12-31 | 2,255 | 562 | -6 | 29 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,298 | 295 | -38 |
| 2018-09-30 | 2,982 | 116 | -26 |
| 2018-06-30 | 2,685 | 108 | -62 |
| 2018-03-31 | 2,421 | 136 | -72 |
| 2017-12-31 | 2,214 | 128 | -63 |
| 2017-09-30 | 2,050 | 130 | -62 |
| 2017-06-30 | 1,904 | 146 | -79 |
| 2017-03-31 | 1,791 | 81 | -90 |
| 2016-12-31 | 1,709 | 23 | -172 |
| 2016-09-30 | 1,631 | 41 | -237 |
| 2016-06-30 | 1,524 | -1 | -259 |
| 2016-03-31 | 1,396 | 18 | -261 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 29 Analyst Estimates (S&P Global) | See Below |
All data from Square Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1.61 | 1.66 | 1.55 | 2.00 |
| 2022-12-31 | 1.07 | 1.12 | 1.01 | 2.00 |
| 2021-12-31 | 0.72 | 1.01 | 0.52 | 5.00 |
| 2020-12-31 | 0.24 | 0.44 | 0.14 | 11.00 |
| 2019-12-31 | -0.03 | 0.01 | -0.08 | 14.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.09 |
| 2018-09-30 | -0.06 |
| 2018-06-30 | -0.16 |
| 2018-03-31 | -0.19 |
| 2017-12-31 | -0.17 |
| 2017-09-30 | -0.17 |
| 2017-06-30 | -0.22 |
| 2017-03-31 | -0.26 |
| 2016-12-31 | -0.50 |
| 2016-09-30 | -0.76 |
| 2016-06-30 | -0.98 |
| 2016-03-31 | -1.20 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Square's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Square has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Square performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Square does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Square's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Square's 1-year growth to the US IT industry average as it is not currently profitable.
Earnings and Revenue History
All data from Square Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,298.18 | -38.45 | 745.69 | 497.48 |
| 2018-09-30 | 2,981.68 | -25.91 | 674.08 | 448.30 |
| 2018-06-30 | 2,684.74 | -61.65 | 603.40 | 395.08 |
| 2018-03-31 | 2,421.30 | -71.71 | 549.66 | 358.40 |
| 2017-12-31 | 2,214.25 | -62.81 | 503.72 | 321.89 |
| 2017-09-30 | 2,050.14 | -62.32 | 463.02 | 294.14 |
| 2017-06-30 | 1,903.98 | -78.54 | 431.00 | 282.02 |
| 2017-03-31 | 1,791.01 | -89.93 | 400.10 | 272.53 |
| 2016-12-31 | 1,708.72 | -171.59 | 377.87 | 268.54 |
| 2016-09-30 | 1,631.16 | -236.91 | 359.01 | 262.83 |
| 2016-06-30 | 1,524.35 | -258.52 | 337.26 | 247.44 |
| 2016-03-31 | 1,395.83 | -260.79 | 308.79 | 224.69 |
| 2015-12-31 | 1,267.12 | -212.02 | 289.08 | 199.64 |
| 2015-09-30 | 1,143.65 | -168.60 | 261.12 | 180.12 |
| 2015-06-30 | 1,038.88 | -152.34 | 234.27 | 164.59 |
| 2015-03-31 | 914.81 | -162.39 | 220.67 | 151.44 |
| 2014-12-31 | 850.19 | -154.09 | 206.30 | 144.64 |
| 2013-12-31 | 552.43 | -104.49 | 132.90 | 82.86 |
| 2012-12-31 | 203.45 | -85.20 | 92.83 | 46.57 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Square has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Square has efficiently used its assets last year compared to the US IT industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Square improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Square's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Square has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Square's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Square's finances.
The net worth of a company is the difference between its assets and liabilities.
- Square is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Square's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Square Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,120.50 | 899.70 | 1,124.16 |
| 2018-09-30 | 1,122.14 | 1,023.95 | 1,170.72 |
| 2018-06-30 | 1,081.63 | 1,071.44 | 1,621.58 |
| 2018-03-31 | 809.98 | 362.97 | 938.63 |
| 2017-12-31 | 786.33 | 358.57 | 866.05 |
| 2017-09-30 | 732.91 | 357.63 | 868.37 |
| 2017-06-30 | 703.74 | 353.74 | 920.28 |
| 2017-03-31 | 627.93 | 349.90 | 891.25 |
| 2016-12-31 | 576.15 | 0.00 | 511.93 |
| 2016-09-30 | 510.39 | 1.27 | 514.33 |
| 2016-06-30 | 471.46 | 0.09 | 403.43 |
| 2016-03-31 | 444.88 | 0.10 | 414.09 |
| 2015-12-31 | 508.05 | 0.00 | 461.33 |
| 2015-09-30 | 236.46 | 0.12 | 174.08 |
| 2015-06-30 | 262.05 | 30.13 | 197.94 |
| 2015-03-31 | 273.67 | 30.00 | 225.30 |
| 2014-12-31 | 273.67 | 30.00 | 225.30 |
| 2013-12-31 | 162.29 | 0.00 | 166.18 |
| 2012-12-31 |
- Square's level of debt (80.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0.1% vs 80.3% today).
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.
- Whilst loss making Square has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making Square has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -87.1% per year.
Financial health checks
We assess Square's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Square has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Square's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Square
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Square's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Square's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 29 Analyst Estimates (S&P Global) | See Below |
| United States of America IT Industry Average Dividend Yield | Market Cap Weighted Average of 33 Stocks | 1.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.00 | 2.00 |
| 2020-12-31 | 0.00 | 2.00 |
| 2019-12-31 | 0.00 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Square has not reported any payouts.
- Unable to verify if Square's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Square's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Square afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Square has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3 |
| AGE | 41 |
| TENURE AS CEO | 9.7 years |
CEO Bio
Mr. Jack Dorsey Co-founded Square, Inc. in February 2009 and has been its Chief Executive Officer and President since July 2009. Mr. Dorsey Co-founded Twitter, Inc. in 2006 and has been its Chief Executive Officer since September 30, 2015. He serves as an Adviser of Thrive Capital. He has extensive experience with technology companies. He also served as an Interim Chief Executive Officer of Twitter, Inc. from July 2015 to September 30, 2015. He served as Chief Executive Officer and President of Twitter, Inc. from May 2007 to October 2008. He served as an Advisor of Open Places (AKA Trazzler, Inc.). He serves as the Chairman of Square, Inc. He served as the Chairman of the Board of Twitter, Inc. from October 2008 to September 30, 2015. He has been a Director of Twitter, Inc. since May 2007. He served as an Independent Director of The Walt Disney Company from December 20, 2013 to March 8, 2018. He has been a Director of Square, Inc. since July 2009. Mr. Dorsey serves as a Member of Advisory Board of Techonomy Media Inc. Mr. Dorsey attended New York University and Missouri University of Science and Technology.
CEO Compensation
- Jack's compensation has been consistent with company performance over the past year.
- Jack's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Square management team in years:
- The tenure for the Square management team is about average.
Management Team
Jack Dorsey
Chairman
$3
41
9.7 yrs
Jim McKelvey
Co-Founder & Director
$290K
53
Alyssa Henry
Seller Lead
$6M
48
4.4 yrs
Jackie Reses
Square Capital Lead
$4M
48
3.4 yrs
Amrita Ahuja
CFO & Treasurer
38
0.2 yrs
Ajmere Dale
Chief Accounting Officer
48
2.6 yrs
Jason Lee
Head of Investor Relations
Sivan Whiteley
General Counsel & Corporate Secretary
41
1 yrs
Aaron Zamost
Communications & Policy Lead and People Lead
Kevin Burke
Marketing & Sales Lead
56
4.2 yrs
Board of Directors Tenure
Average tenure and age of the Square board of directors in years:
- The tenure for the Square board of directors is about average.
Board of Directors
Jim McKelvey
Co-Founder & Director
$290K
53
9.7 yrs
Mary Meeker
Director
$305K
59
7.8 yrs
Jack Dorsey
Chairman
$3
41
David Viniar
Lead Independent Director
$383K
63
Ruth Simmons
Director
$300K
73
3.6 yrs
Roelof Botha
Director
$305K
45
8.2 yrs
Larry Summers
Director
$300K
63
7.8 yrs
Paul Deighton
Director
$295K
62
2.8 yrs
Randy Garutti
Director
$248K
43
1.7 yrs
Naveen Rao
Director
$200K
42
1.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 05. Dec 18 | Sell | Kleiner Perkins Caufield & Byers | Company | 03. Dec 18 | 03. Dec 18 | -11,719 | $71.43 | $-837,088 | ||
Management checks
We assess Square's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Square has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
When Will Square, Inc. (NYSE:SQ) Turn A Profit?
The US$32b market-cap company announced a latest loss of -US$38.5m on 31 December 2018 for its most recent financial year result. … I’ve put together a brief outline of industry analyst expectations for SQ, its year of breakeven and its implied growth rate … See our latest analysis for Square
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Square, Inc.'s (NYSE:SQ) Shareholder Register?
Generally speaking, as a company grows, institutions will increase their ownership. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutional investors have bought into the company
Simply Wall St - – Full articleIntrinsic Calculation For Square, Inc. (NYSE:SQ) Shows Investors Are Overpaying
by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs Square Inc's (NYSE:SQ) Balance Sheet Strong Enough To Weather A Storm?
the key to their continued success lies in its financial health. … This article will examine Square’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Square Inc's (NYSE:SQ) Shareholder Register?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see institutional investors on the register. … Companies of this size are usually well known to retail investors, too.
Simply Wall St - – Full articleWhy Square Inc's (NYSE:SQ) Investor Composition Impacts Your Returns
In this article, I will take a quick look at Square Inc’s (NYSE:SQ) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … It also impacts the trading environment of company shares, which is more of a concern for short-term investors.
Simply Wall St - – Full articleWhat Investors Should Know About Square Inc's (NYSE:SQ) Financial Strength
the key to their continued success lies in its financial health. … I will provide an overview of Square’s financial liquidity and leverage to give you an idea of Square’s position to take advantage of potential acquisitions or comfortably endure future downturns … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleIs Square Inc (NYSE:SQ) Undervalued?
led the NYSE gainers with a relatively large price hike in the past couple of weeks. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, could the stock still be trading at a relatively cheap price?
Simply Wall St - – Full articleWhen Will Square Inc (NYSE:SQ) Turn A Profit?
The US$24.75b market-cap posted a loss in its most recent financial year of -US$62.81m and a latest trailing-twelve-month loss of -US$71.71m leading to an even wider gap between loss and breakeven. … Check out our latest analysis for Square … Expectation from IT analysts is SQ is on the verge of breakeven.
Simply Wall St - – Full articleSquare Inc (NYSE:SQ): Has Recent Earnings Growth Beaten Long-Term Trend?
I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Square, its most recent bottom-line (trailing twelve month) is -US$71.71M, which, relative to last year’s figure, has become less negative. … Each year, for the last five years Square's top-line has increased by 29.48% on average, signalling that the company is in a high-growth period with expenses racing ahead revenues, leading to annual losses.
Simply Wall St - – Full articleCompany Info
Description
Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company’s commerce ecosystem includes point-of-sale software and hardware that offers sellers to payment and point-of-sale solutions. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a portable payments device that replaces keypad terminals, which accepts various payment types, such as tap, dip, and swipe, as well as prints receipts; and managed payments solutions. The company also offers various software products, including Square Point of Sale, Square Appointments, Square for Retail, Square for Restaurants, Square Invoices, Virtual Terminal, Weebly, Square Dashboard, Square Loyalty and Marketing, and Square Payroll. In addition, it provides Cash App, which enables individuals to electronically send, store, and spend money; Caviar, a food ordering platform for restaurants to offer food ordering, pickup, delivery, and catering to their customers; and Square Capital that facilitates loans to sellers based on current payment and point-of-sale data. Square, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Details
| Name: | Square, Inc. |
| SQ | |
| Exchange: | NYSE |
| Founded: | 2009 |
| $31,514,853,021 | |
| 419,694,407 | |
| Website: | http://www.squareup.com |
| Address: |
Square, Inc. 1455 Market Street, Suite 600, San Francisco, California, 94103, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | SQ | Class A Common Stock | New York Stock Exchange | US | USD | 19. Nov 2015 | |
| DB | SQ3 | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 19. Nov 2015 | |
| LSE | 0L95 | Class A Common Stock | London Stock Exchange | GB | USD | 19. Nov 2015 | |
| BMV | SQ * | Class A Common Stock | Bolsa Mexicana de Valores | MX | MXN | 19. Nov 2015 |
Number of employees
Current staff
Industry
| Data Processing and Outsourced Services | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/24 00:37 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/03/21 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
