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WK

Workiva NYSE:WK Stock Report

Last Price

US$65.84

Market Cap

US$3.4b

7D

-8.7%

1Y

-43.1%

Updated

01 Jul, 2022

Data

Company Financials +
WK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

WK Stock Overview

Workiva Inc., together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide.

Workiva Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Workiva
Historical stock prices
Current Share PriceUS$65.84
52 Week HighUS$173.24
52 Week LowUS$60.12
Beta1.53
1 Month Change-10.42%
3 Month Change-46.19%
1 Year Change-43.08%
3 Year Change10.75%
5 Year Change242.92%
Change since IPO378.84%

Recent News & Updates

Jun 11
Workiva Inc.'s (NYSE:WK) Intrinsic Value Is Potentially 58% Above Its Share Price

Workiva Inc.'s (NYSE:WK) Intrinsic Value Is Potentially 58% Above Its Share Price

Does the June share price for Workiva Inc. ( NYSE:WK ) reflect what it's really worth? Today, we will estimate the...

Jun 03

Workiva: Short-Term Speedbump Or Long-Term Issue?

Macroeconomics issues have caused a slowdown in IPO and SPAC activity. Proposed ESG rules could increase XBRL usage in the near future. Workiva and industry leaders seem poised to reap the benefits from expanded reporting requirements.

Apr 29
At US$103, Is Workiva Inc. (NYSE:WK) Worth Looking At Closely?

At US$103, Is Workiva Inc. (NYSE:WK) Worth Looking At Closely?

Workiva Inc. ( NYSE:WK ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Shareholder Returns

WKUS SoftwareUS Market
7D-8.7%-4.7%-2.5%
1Y-43.1%-23.7%-21.2%

Return vs Industry: WK underperformed the US Software industry which returned -23.6% over the past year.

Return vs Market: WK underperformed the US Market which returned -21.7% over the past year.

Price Volatility

Is WK's price volatile compared to industry and market?
WK volatility
WK Average Weekly Movement8.5%
Software Industry Average Movement11.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: WK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: WK's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20082,230Marty Vanderploeghttps://www.workiva.com

Workiva Inc., together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications. It serves public and private companies, government agencies, and higher-education institutions.

Workiva Fundamentals Summary

How do Workiva's earnings and revenue compare to its market cap?
WK fundamental statistics
Market CapUS$3.43b
Earnings (TTM)-US$48.90m
Revenue (TTM)US$468.74m

7.3x

P/S Ratio

-70.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WK income statement (TTM)
RevenueUS$468.74m
Cost of RevenueUS$111.03m
Gross ProfitUS$357.71m
Other ExpensesUS$406.61m
Earnings-US$48.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.94
Gross Margin76.31%
Net Profit Margin-10.43%
Debt/Equity Ratio1,346.7%

How did WK perform over the long term?

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

Valuation

Is WK 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 WK?

Other financial metrics that can be useful for relative valuation.

WK 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/Revenue7x
Enterprise Value/EBITDA-94.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

WK PS Ratio vs Peers
The above table shows the PS ratio for WK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.7x
AYX Alteryx
5.9x15.8%US$3.4b
APPF AppFolio
8.5x18.1%US$3.3b
NEWR New Relic
4.4x15.3%US$3.5b
ALRM Alarm.com Holdings
4x7.2%US$3.1b
WK Workiva
7.3x17.2%US$3.4b

Price-To-Sales vs Peers: WK is expensive based on its Price-To-Sales Ratio (7.3x) compared to the peer average (5.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: WK is expensive based on its Price-To-Sales Ratio (7.3x) compared to the US Software industry average (4.4x)


Price to Sales Ratio vs Fair Ratio

What is WK'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.

WK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.3x
Fair PS Ratio7.6x

Price-To-Sales vs Fair Ratio: WK is good value based on its Price-To-Sales Ratio (7.3x) compared to the estimated Fair Price-To-Sales Ratio (7.6x).


Share Price vs Fair Value

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

Below Fair Value: WK ($65.84) is trading below our estimate of fair value ($116.33)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Workiva forecast to perform in the next 1 to 3 years based on estimates from 8 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


-7.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: WK's revenue (17.2% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: WK's revenue (17.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WK's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Workiva 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


0.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WK is currently unprofitable.

Growing Profit Margin: WK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WK is unprofitable, but has reduced losses over the past 5 years at a rate of 0.2% per year.

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

Earnings vs Industry: WK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (26.8%).


Return on Equity

High ROE: WK has a negative Return on Equity (-194.1%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Workiva's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: WK's short term assets ($645.1M) exceed its short term liabilities ($340.6M).

Long Term Liabilities: WK's short term assets ($645.1M) exceed its long term liabilities ($404.1M).


Debt to Equity History and Analysis

Debt Level: WK has more cash than its total debt.

Reducing Debt: WK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: Whilst unprofitable WK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: WK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.4% per year.


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Dividend

What is Workiva 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 WK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Discover strong dividend paying companies

Management

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

2.5yrs

Average management tenure


CEO

Marty Vanderploeg (65 yo)

4yrs

Tenure

US$9,791,270

Compensation

Mr. Martin J. Vanderploeg, also known as Marty, Ph D., serves as Director at Rational Surgical Solutions, LLC. He has been the Chief Executive Officer at Workiva Inc. since June 11, 2018.Mr. Vanderploeg h...


CEO Compensation Analysis

Compensation vs Market: Marty's total compensation ($USD9.79M) is above average for companies of similar size in the US market ($USD6.90M).

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


Leadership Team

Experienced Management: WK's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: WK's board of directors are considered experienced (7.5 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 4.2%.


Top Shareholders

Company Information

Workiva Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Workiva Inc.
  • Ticker: WK
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$3.429b
  • Shares outstanding: 52.08m
  • Website: https://www.workiva.com

Number of Employees


Location

  • Workiva Inc.
  • 2900 University Boulevard
  • Ames
  • Iowa
  • 50010
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 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.