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Workiva

NYSE:WK
Snowflake Description

Mediocre balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WK
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Workiva Inc. provides cloud-based solutions for connected data, reporting, and compliance worldwide. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Workiva has significant price volatility in the past 3 months.
WK Share Price and Events
7 Day Returns
-2.2%
NYSE:WK
2.5%
US Software
1.6%
US Market
1 Year Returns
103.3%
NYSE:WK
24.3%
US Software
3.2%
US Market
WK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Workiva (WK) -2.2% 13.6% 47.8% 103.3% 340.2% -
US Software 2.5% 5.1% 18.3% 24.3% 108.3% 136.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • WK outperformed the Software industry which returned 24.3% over the past year.
  • WK outperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
WK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Workiva 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 Workiva 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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Workiva.

NYSE:WK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:WK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (0.85%))
1.098
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.098 * 5.96%)
9.28%

Discounted Cash Flow Calculation for NYSE:WK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Workiva 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.

NYSE:WK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.28%)
2019 14.05 Analyst x5 12.86
2020 26.62 Analyst x4 22.29
2021 38.33 Est @ 43.98% 29.37
2022 50.44 Est @ 31.61% 35.37
2023 62.02 Est @ 22.94% 39.80
2024 72.48 Est @ 16.88% 42.57
2025 81.64 Est @ 12.63% 43.88
2026 89.53 Est @ 9.66% 44.03
2027 96.32 Est @ 7.58% 43.35
2028 102.22 Est @ 6.13% 42.10
Present value of next 10 years cash flows $355.62
NYSE:WK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $102.22 × (1 + 2.73%) ÷ (9.28% – 2.73%)
$1,604.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,604.13 ÷ (1 + 9.28%)10
$660.66
NYSE:WK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $355.62 + $660.66
$1,016.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,016.28 / 44.30
$22.94
NYSE:WK Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.94
Current discount Discount to share price of $49.21
= -1 x ($49.21 - $22.94) / $22.94
-114.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Workiva is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Workiva's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Workiva's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-1.15
NYSE:WK Share Price ** NYSE (2019-03-19) in USD $49.21
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.56x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Workiva.

NYSE:WK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WK Share Price ÷ EPS (both in USD)

= 49.21 ÷ -1.15

-42.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Workiva is loss making, we can't compare its value to the US Software industry average.
  • Workiva 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 Workiva's expected growth come at a high price?
Raw Data
NYSE:WK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -42.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
2.3%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.58x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*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 Workiva, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Workiva's assets?
Raw Data
NYSE:WK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-0.22
NYSE:WK Share Price * NYSE (2019-03-19) in USD $49.21
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.72x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NYSE:WK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WK Share Price ÷ Book Value per Share (both in USD)

= 49.21 ÷ -0.22

-222.53x

* Primary Listing of Workiva.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Workiva has negative assets, we can't compare the value of its assets to the US Software industry average.
X
Value checks
We assess Workiva's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Workiva 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 Workiva expected to perform in the next 1 to 3 years based on estimates from 6 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!
Annual Growth Rate
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Workiva expected to grow at an attractive rate?
  • Unable to compare Workiva's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Workiva's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Workiva's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:WK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 2.3%
NYSE:WK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 14%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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
Raw Data
NYSE:WK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 381 1
2020-12-31 328 29 -48 5
2019-12-31 284 16 -51 6
NYSE:WK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 244 6 -50
2018-09-30 234 1 -57
2018-06-30 226 -2 -60
2018-03-31 216 5 -48
2017-12-31 208 6 -44
2017-09-30 200 22 -38
2017-06-30 192 19 -36
2017-03-31 186 11 -38
2016-12-31 179 -10 -44
2016-09-30 172 -25 -47
2016-06-30 164 -33 -48
2016-03-31 155 -31 -48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Workiva is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Workiva's revenue is expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:WK 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 6 Analyst Estimates (S&P Global) See Below

All data from Workiva Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 -1.00 -0.85 -1.08 3.00
2019-12-31 -1.12 -1.11 -1.13 4.00
NYSE:WK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -1.15
2018-09-30 -1.32
2018-06-30 -1.41
2018-03-31 -1.15
2017-12-31 -1.07
2017-09-30 -0.91
2017-06-30 -0.89
2017-03-31 -0.92
2016-12-31 -1.08
2016-09-30 -1.15
2016-06-30 -1.20
2016-03-31 -1.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Workiva will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Workiva's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Workiva has a total score of 1/6, 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 Workiva 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
Below we compare Workiva's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Workiva does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Workiva's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Workiva's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Workiva's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Workiva Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 244.34 -50.07 137.17 81.60
2018-09-30 234.42 -56.67 135.43 79.70
2018-06-30 225.61 -59.78 141.67 77.24
2018-03-31 215.87 -48.21 126.50 72.76
2017-12-31 207.87 -44.43 121.86 68.17
2017-09-30 199.74 -37.62 115.58 63.84
2017-06-30 192.38 -36.44 113.27 60.65
2017-03-31 186.00 -37.77 112.25 58.46
2016-12-31 178.65 -43.98 113.16 57.44
2016-09-30 172.15 -46.75 114.29 56.40
2016-06-30 163.71 -48.49 111.98 54.83
2016-03-31 154.67 -48.00 106.89 52.97
2015-12-31 145.27 -43.40 98.29 50.47
2015-09-30 135.52 -45.76 90.98 48.88
2015-06-30 127.17 -44.52 83.74 47.29
2015-03-31 119.72 -44.05 79.05 45.87
2014-12-31 112.69 -41.15 73.28 44.15
2014-09-30 106.13 -35.52 68.10 41.36
2014-06-30 99.47 -31.61 63.02 38.96
2014-03-31 93.12 -27.57 57.71 36.30
2013-12-31 85.15 -29.54 55.67 34.12
2012-12-31 52.94 -30.59 43.71 18.39

*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 Workiva has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Workiva has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Workiva improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Workiva's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Workiva 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 Workiva'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 Workiva's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Workiva's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Workiva's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Workiva's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Workiva has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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.
Raw Data

All data from Workiva Company Filings, last reported 2 months ago.

NYSE:WK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -9.74 18.43 98.35
2018-09-30 -12.29 18.71 96.99
2018-06-30 -17.66 19.00 80.71
2018-03-31 -9.22 19.30 81.06
2017-12-31 -16.93 19.59 76.70
2017-09-30 -14.47 19.89 77.75
2017-06-30 -6.13 20.29 72.86
2017-03-31 -4.98 20.80 64.70
2016-12-31 -3.13 21.10 62.72
2016-09-30 0.43 21.52 53.84
2016-06-30 8.82 22.06 50.93
2016-03-31 16.56 22.55 55.89
2015-12-31 25.72 22.98 76.17
2015-09-30 32.15 23.58 81.75
2015-06-30 42.58 24.16 86.43
2015-03-31 50.63 24.34 89.89
2014-12-31 55.82 24.86 101.13
2014-09-30 -25.66 36.62 20.28
2014-06-30 -11.64 27.39 20.14
2014-03-31 -6.79 17.79 17.95
2013-12-31 -6.79 17.79 17.95
2012-12-31 14.02 2.98 30.18
  • Workiva has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Workiva's debt level has increased considering it has negative shareholder equity.
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 Workiva has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Workiva has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -87.7% per year.
X
Financial health checks
We assess Workiva's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Workiva has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Workiva'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
Dividend payments
0%
Current annual income from Workiva dividends.
If you bought $2,000 of Workiva shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Workiva's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Workiva'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.
Raw Data
NYSE:WK Annualized Past and Future Dividends
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 6 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:WK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Workiva has not reported any payouts.
  • Unable to verify if Workiva's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Workiva's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Workiva has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Workiva's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Workiva afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Workiva 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marty Vanderploeg
COMPENSATION $3,846,698
AGE 61
TENURE AS CEO 0.8 years
CEO Bio

Mr. Martin J. Vanderploeg, also known as Marty, Ph.D., has been the Chief Executive Officer at Workiva Inc. since June 11, 2018. Mr. Vanderploeg has been President at Workiva Inc. since December 12, 2014. He has over 30 years of experience in mechanical engineering and building and scaling technology companies. Mr. Vanderploeg served as Chief Operating Officer from December 12, 2014 to 2018. Mr. Vanderploeg served as Managing Director and Chief Operating Officer of Workiva LLC from 2008 to December 2014. Mr. Vanderploeg served as the Founder, Chief Operating Officer and Executive Vice President of Engineering Animation, Inc. He also served as Chief Technology Officer of Engineering Animation, Inc. from 1989 to 1999. He co-founded Engineering Animation, Inc. in 1988 after amassing ten years of technical consulting experience in the engineering community. Prior to Engineering Animation, Inc., he engaged in contract research for several major companies, including Ford Motor Co., General Motors Corp., Chrysler Corp., American Trucking Association and General Dynamics. Mr. Vanderploeg served as Secretary from June 1990 to November 1995 and as a Co-General Manager of the Software Division from October 1997 to August 1999. He has been a Director at Workiva Inc. since December 12, 2014. He served as a director of Engineering Animation, Inc. He served as a Member of Advisory Board at Colonnade Advisors LLC. He taught mechanical engineering at the University of Iowa and was an associate professor with Iowa State University. Mr. Vanderploeg has authored 19 publications in the area of design optimization and vehicle dynamics. He earned a BS, MS and PhD in mechanical engineering from Michigan State University.

CEO Compensation
  • Marty's compensation has increased whilst company is loss making.
  • Marty's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Workiva management team in years:

1.5
Average Tenure
52
Average Age
  • The average tenure for the Workiva management team is less than 2 years, this suggests a new team.
Management Team

Marty Vanderploeg

TITLE
President
COMPENSATION
$4M
AGE
61
TENURE
0.8 yrs

J. Miller

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
58
TENURE
4.9 yrs

Troy Calkins

TITLE
Executive VP
COMPENSATION
$2M
AGE
52
TENURE
1.3 yrs

Jill Klindt

TITLE
Senior VP
AGE
42
TENURE
4.3 yrs

Jeff Trom

TITLE
Executive VP & CTO
COMPENSATION
$387K
AGE
58
TENURE
4.3 yrs

J. Rogers

TITLE
Director of Investor Relations

Eileen Gannon

TITLE
SVP of Corporate Communications & Investor Relations

Scott Ryan

TITLE
Executive VP & Chief Revenue Officer
AGE
46
TENURE
0.6 yrs

Mitz Banarjee

TITLE
Executive VP & Chief Customer Officer
AGE
39
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Workiva board of directors in years:

4.3
Average Tenure
64
Average Age
  • The tenure for the Workiva board of directors is about average.
Board of Directors

David Mulcahy

TITLE
Non-Executive Chairman
COMPENSATION
$265K
AGE
65
TENURE
0.8 yrs

Marty Vanderploeg

TITLE
President
COMPENSATION
$4M
AGE
61
TENURE
4.3 yrs

Michael Crow

TITLE
Director
COMPENSATION
$263K
AGE
63
TENURE
4.3 yrs

Gene Katz

TITLE
Independent Director
COMPENSATION
$268K
AGE
72
TENURE
4.3 yrs

Suku Radia

TITLE
Director
COMPENSATION
$258K
AGE
67
TENURE
4.3 yrs

William Van Orsdel

TITLE
Member of Advisory Board

Bob Herz

TITLE
Director
COMPENSATION
$235K
AGE
64
TENURE
4.3 yrs

Brigid Bonner

TITLE
Director
AGE
57
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Dec 18 Sell Michael Crow Individual 11. Dec 18 12. Dec 18 -7,998 $36.54 $-288,493
10. Dec 18 Sell J. Miller Individual 06. Dec 18 06. Dec 18 -10,000 $35.25 $-352,547
06. Dec 18 Sell Michael Crow Individual 03. Dec 18 03. Dec 18 -2,002 $36.82 $-73,723
03. Dec 18 Sell Michael Crow Individual 29. Nov 18 29. Nov 18 -5,000 $36.10 $-180,478
30. Nov 18 Sell Eugene Katz Individual 28. Nov 18 28. Nov 18 -29,800 $36.13 $-1,076,674
28. Nov 18 Sell Michael Crow Individual 26. Nov 18 26. Nov 18 -5,000 $36.21 $-181,050
19. Nov 18 Sell Michael Crow Individual 15. Nov 18 15. Nov 18 -5,000 $36.77 $-183,829
16. Nov 18 Sell Jill Klindt Individual 14. Nov 18 14. Nov 18 -3,500 $35.35 $-122,885
14. Nov 18 Sell Michael Crow Individual 12. Nov 18 12. Nov 18 -5,000 $36.79 $-183,931
14. Nov 18 Sell Eugene Katz Individual 12. Nov 18 12. Nov 18 -200 $37.03 $-7,406
07. May 18 Sell Jerome Behar Individual 03. May 18 04. May 18 -100,000 $26.07 $-2,569,614
X
Management checks
We assess Workiva's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Workiva 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

What Kind Of Investor Owns Most Of Workiva Inc. (NYSE:WK)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Workiva has a market capitalization of US$2.2b, so we would expect some institutional investors to have noticed the stock. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Do Directors Own Workiva Inc (NYSE:WK) Shares?

A look at the shareholders of Workiva Inc (NYSE:WK) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St -

Who Are Workiva Inc's (NYSE:WK) Major Shareholders?

Today, I will be analyzing Workiva Inc’s (NYSE:WK) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Workiva Inc (NYSE:WK): Should The Recent Earnings Drop Worry You?

Assessing Workiva Inc's (NYSE:WK) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Workiva is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its software industry peers. … WK is loss-making, with the most recent trailing twelve-month earnings of -US$48.21m (from 31 March 2018), which compared to last year has become

Simply Wall St -

Want To Invest In Workiva Inc (NYSE:WK)? Here's How It Performed Lately

I prefer to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … NYSE:WK Income Statement Apr 6th 18 We can further examine Workiva's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Workiva's top-line has grown by 22.22% on average, implying that the company is in a high-growth period with expenses shooting ahead of revenues, leading to annual losses.

Simply Wall St -

Are Workiva Inc (NYSE:WK) Shareholders Getting A Good Deal?

Workiva’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt Along with a positive operating cash flow, Workiva also generates a positive free cash flow. … Current +1 year +2 year Operating Cash Flow (OCF) $22M $11M $19M OCF Growth Year-On-Year -49.41% 76.98% OCF Growth From Current Year -10.46% Next Steps: Low free cash flow yield means you are not currently well-compensated for the risk you’re taking on by holding onto Workiva relative to a well-diversified market index.

Simply Wall St -

What Are The Drivers Of Workiva Inc's (NYSE:WK) Risks?

View our latest analysis for Workiva An interpretation of WK's beta Workiva's beta of 0.62 indicates that the stock value will be less variable compared to the whole stock market. … WK’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … WK, with its market capitalisation of $899.37M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Who Are The Largest Shareholders In Workiva Inc (NYSE:WK)?

View our latest analysis for Workiva NYSE:WK Ownership_summary Dec 22nd 17 Institutional Ownership WK's 29.58% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … I am going to further examine WK's ownership structure to check how other major shareholders can affect its investment case. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital.

Simply Wall St -

Workiva Inc (NYSE:WK): Has Recent Earnings Growth Beaten Long-Term Trend?

View our latest analysis for Workiva How WK fared against its long-term earnings performance and its industry To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Workiva, the most recent twelve-month earnings -$37.6M, which compared to the prior year's level, has become less negative. … This shows that, even though Workiva is presently running a loss, it may have benefited from industry tailwinds, moving earnings into a more favorable position.What does this mean?

Simply Wall St -

Is Workiva Inc (WK) Still A Cheap Tech Stock?

However, analysts are not expecting this industry-beating trend to continue, with future growth expected to be -12.23% compared to the wider software sector growth hovering in the teens next year. … WK is a tech industry laggard in terms of its future growth outlook. … If your initial investment thesis is around the growth prospects of WK, there are other tech companies that are expected to deliver higher growth in the future, and perhaps trading at a discount to the industry average.

Simply Wall St -

Company Info

Description

Workiva Inc. provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data. It serves public and private companies, government agencies, and higher-education institutions. The company was founded in 2008 and is headquartered in Ames, Iowa.

Details
Name: Workiva Inc.
WK
Exchange: NYSE
Founded: 2008
$2,180,233,893
44,304,692
Website: http://www.workiva.com
Address: Workiva Inc.
2900 University Boulevard,
Ames,
Iowa, 50010,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WK Class A Common Stock New York Stock Exchange US USD 12. Dec 2014
DB 0WKA Class A Common Stock Deutsche Boerse AG DE EUR 12. Dec 2014
Number of employees
Current staff
Staff numbers
1,319
Workiva employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:35
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/02/20
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.