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PCM

Nasdaq:PCMI
Snowflake Description

Very undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCMI
Nasdaq
$315M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

PCM, Inc., through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The last earnings update was 39 days ago. More info.


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  • PCM has significant price volatility in the past 3 months.
PCMI Share Price and Events
7 Day Returns
0.9%
NasdaqGM:PCMI
0.2%
US Electronic
0.3%
US Market
1 Year Returns
54.5%
NasdaqGM:PCMI
-3.2%
US Electronic
0.7%
US Market
PCMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PCM (PCMI) 0.9% -8.6% -28.7% 54.5% 129.5% 150.3%
US Electronic 0.2% 1% -3.7% -3.2% 52.2% 46.8%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • PCMI outperformed the Electronic industry which returned -3.2% over the past year.
  • PCMI outperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
PCMI
Industry
5yr Volatility vs Market
Related Companies

Value

 Is PCM 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 PCM 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

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

NasdaqGM:PCMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
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 NasdaqGM:PCMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.094 (1 + (1- 21%) (47.43%))
1.337
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.337 * 5.96%)
10.7%

Discounted Cash Flow Calculation for NasdaqGM:PCMI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PCM 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.

NasdaqGM:PCMI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.7%)
2019 153.69 Est @ 51.87% 138.83
2020 210.75 Est @ 37.13% 171.98
2021 267.26 Est @ 26.81% 197.00
2022 319.60 Est @ 19.59% 212.81
2023 366.04 Est @ 14.53% 220.17
2024 406.26 Est @ 10.99% 220.75
2025 440.84 Est @ 8.51% 216.38
2026 470.72 Est @ 6.78% 208.71
2027 496.91 Est @ 5.56% 199.03
2028 520.33 Est @ 4.71% 188.26
Present value of next 10 years cash flows $1,973.93
NasdaqGM:PCMI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $520.33 × (1 + 2.73%) ÷ (10.7% – 2.73%)
$6,705.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,705.93 ÷ (1 + 10.7%)10
$2,426.29
NasdaqGM:PCMI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,973.93 + $2,426.29
$4,400.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,400.22 / 12.26
$359.01
NasdaqGM:PCMI Discount to Share Price
Calculation Result
Value per share (USD) From above. $359.01
Current discount Discount to share price of $25.73
= -1 x ($25.73 - $359.01) / $359.01
92.8%

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

Current Discount
Amount off the current price PCM is available for.
Intrinsic value
>50%
Share price is $25.73 vs Future cash flow value of $359.01
Current Discount Checks
For PCM to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PCM's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PCM's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 PCM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PCM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:PCMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.04
NasdaqGM:PCMI Share Price ** NasdaqGM (2019-06-17) in USD $25.73
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 18.17x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

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

** Primary Listing of PCM.

NasdaqGM:PCMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PCMI Share Price ÷ EPS (both in USD)

= 25.73 ÷ 2.04

12.62x

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

  • PCM is good value based on earnings compared to the US Electronic industry average.
  • PCM is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does PCM's expected growth come at a high price?
Raw Data
NasdaqGM:PCMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
16.9%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGM:PCMI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.62x ÷ 16.9%

0.75x

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

  • PCM is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PCM's assets?
Raw Data
NasdaqGM:PCMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.01
NasdaqGM:PCMI Share Price * NasdaqGM (2019-06-17) in USD $25.73
United States of America Electronic Industry PB Ratio Median Figure of 140 Publicly-Listed Electronic Companies 1.98x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGM:PCMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PCMI Share Price ÷ Book Value per Share (both in USD)

= 25.73 ÷ 13.01

1.98x

* Primary Listing of PCM.

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

  • PCM is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess PCM'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. PCM has a total score of 6/6, 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 PCM expected to perform in the next 1 to 3 years based on estimates from 2 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
16.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PCM expected to grow at an attractive rate?
  • PCM's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PCM's earnings growth is expected to exceed the United States of America market average.
  • PCM's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:PCMI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:PCMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 16.9%
NasdaqGM:PCMI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.7%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGM:PCMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:PCMI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,263 34 2
2019-12-31 2,206 30 2
NasdaqGM:PCMI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,155 112 25
2018-12-31 2,164 134 23
2018-09-30 2,171 53 14
2018-06-30 2,204 1 7
2018-03-31 2,187 -12 1
2017-12-31 2,167 -65 3
2017-09-30 2,209 -6 10
2017-06-30 2,250 4 17
2017-03-31 2,275 39 22
2016-12-31 2,240 97 18
2016-09-30 2,146 27 -1
2016-06-30 1,966 51 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PCM's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
  • PCM's revenue is expected to grow by 2.7% 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
NasdaqGM:PCMI 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 2 Analyst Estimates (S&P Global) See Below

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

NasdaqGM:PCMI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.53 2.73 2.33 2.00
2019-12-31 2.26 2.35 2.17 2.00
NasdaqGM:PCMI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.04
2018-12-31 1.90
2018-09-30 1.17
2018-06-30 0.61
2018-03-31 0.10
2017-12-31 0.21
2017-09-30 0.85
2017-06-30 1.36
2017-03-31 1.81
2016-12-31 1.49
2016-09-30 -0.10
2016-06-30 -0.59

*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 PCM will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PCM'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.
PCM has a total score of 2/6, 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 PCM 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 PCM's growth in the last year to its industry (Electronic).
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.
  • PCM has delivered over 20% year on year earnings growth in the past 5 years.
  • PCM's 1-year earnings growth exceeds its 5-year average (1896.5% vs 30.5%)
  • PCM's earnings growth has exceeded the US Electronic industry average in the past year (1896.5% vs 55.7%).
Earnings and Revenue History
PCM'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 PCM Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PCMI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,155.12 24.64 300.53
2018-12-31 2,163.96 22.77 302.70
2018-09-30 2,171.16 13.99 306.38
2018-06-30 2,203.86 7.25 311.75
2018-03-31 2,186.96 1.23 314.09
2017-12-31 2,166.89 2.60 310.53
2017-09-30 2,208.74 10.48 306.01
2017-06-30 2,250.41 16.57 298.02
2017-03-31 2,275.32 21.61 289.21
2016-12-31 2,239.56 17.66 284.23
2016-09-30 2,146.15 -1.23 271.97
2016-06-30 1,966.14 -7.04 259.20
2016-03-31 1,864.02 -14.27 246.06
2015-12-31 1,661.95 -17.95 223.68
2015-09-30 1,539.00 -1.79 206.73
2015-06-30 1,470.86 -1.19 191.59
2015-03-31 1,326.98 0.48 177.90
2014-12-31 1,356.36 7.04 176.16
2014-09-30 1,344.87 6.68 171.15
2014-06-30 1,346.75 8.75 170.90
2014-03-31 1,362.73 10.27 169.38
2013-12-31 1,360.00 8.65 168.80
2013-09-30 1,394.22 9.28 170.16
2013-06-30 1,408.07 8.90 170.69
2013-03-31 1,408.77 6.97 173.36
2012-12-31 1,342.30 5.69 166.72
2012-09-30 1,394.89 2.38 185.18
2012-06-30 1,409.91 2.33 187.20

*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.
  • PCM has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PCM used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • PCM has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PCM'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 Electronic 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.
PCM has a total score of 4/6, 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 PCM'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 PCM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PCM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PCM's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PCM'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.8x 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.
Raw Data

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

NasdaqGM:PCMI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 159.40 149.59 7.13
2018-12-31 152.89 124.59 6.03
2018-09-30 146.90 168.13 8.55
2018-06-30 138.76 183.91 11.50
2018-03-31 131.07 220.14 12.23
2017-12-31 127.63 251.93 9.11
2017-09-30 129.99 205.61 8.35
2017-06-30 140.66 142.98 7.31
2017-03-31 137.35 157.03 7.77
2016-12-31 128.47 143.92 7.17
2016-09-30 122.38 157.64 9.94
2016-06-30 115.60 129.98 9.20
2016-03-31 109.21 171.77 9.13
2015-12-31 109.52 201.60 11.18
2015-09-30 124.06 123.25 8.95
2015-06-30 127.46 110.79 6.91
2015-03-31 128.57 88.32 7.29
2014-12-31 133.32 78.95 8.89
2014-09-30 132.74 85.99 5.49
2014-06-30 133.22 82.22 6.67
2014-03-31 131.75 116.18 7.40
2013-12-31 125.76 125.41 9.99
2013-09-30 123.50 83.03 9.43
2013-06-30 120.56 120.67 11.38
2013-03-31 116.66 94.67 5.92
2012-12-31 116.11 99.40 6.54
2012-09-30 115.27 78.34 6.47
2012-06-30 112.97 89.49 8.56
  • PCM's level of debt (71.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (87.9% vs 71.2% today).
  • Debt is well covered by operating cash flow (98.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess PCM'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. PCM has a total score of 5/6, 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 PCM'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 PCM dividends.
If you bought $2,000 of PCM 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 PCM's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PCM'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
NasdaqGM:PCMI 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 2 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 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 1.5%
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.

NasdaqGM:PCMI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
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 PCM has not reported any payouts.
  • Unable to verify if PCM's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PCM's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PCM 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 PCM'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 PCM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PCM 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 PCM'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
Frank Khulusi
COMPENSATION $2,763,792
AGE 51
TENURE AS CEO 32.4 years
CEO Bio

Mr. Frank F. Khulusi co-founded PCM, Inc. in 1987 and has been its Chairman and Chief Executive Officer since 1987 and is intimately involved in its day-to-day operations. Mr. Khulusi’s areas of relevant experience, qualifications, attributes or skills include extensive knowledge of the IT direct marketing and solutions industries, over 30 years of experience in leadership and growth of PCM, Inc., extensive operations and financial experience and experience with public company corporate governance. Mr. Khulusi served as the President of PCM, Inc. from March 2001 to March 2012 and previously from 1987 to July 1999. From July 1999 to September 1999, he served as President of Toytime Inc. He served as the President of Enable Holdings, Inc. until November 1997 and Chairman of the Board since its incorporation until July 1998. He served as a Director of Enable Holdings, Inc. since 1997. Mr. Khulusi attended the University of Southern California.

CEO Compensation
  • Frank's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Frank's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

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

8
Average Tenure
51
Average Age
  • The average tenure for the PCM management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frank Khulusi

TITLE
Co-Founder
COMPENSATION
$3M
AGE
51
TENURE
32.4 yrs

Jay Miley

TITLE
President
COMPENSATION
$1M
AGE
47
TENURE
4.5 yrs

Brandon LaVerne

TITLE
CFO, Treasurer
COMPENSATION
$861K
AGE
46
TENURE
10.9 yrs

Simon Abuyounes

TITLE
Executive Vice President of Information Technology & Operations
COMPENSATION
$841K
AGE
64
TENURE
5.2 yrs

Rob Newton

TITLE
Executive VP
COMPENSATION
$778K
AGE
52
Board of Directors Tenure

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

20.6
Average Tenure
63.5
Average Age
  • The average tenure for the PCM board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Frank Khulusi

TITLE
Co-Founder
COMPENSATION
$3M
AGE
51
TENURE
32.4 yrs

Thomas Maloof

TITLE
Independent Director
COMPENSATION
$164K
AGE
66
TENURE
21.1 yrs

Ronald Reck

TITLE
Independent Director
COMPENSATION
$162K
AGE
69
TENURE
20.2 yrs

Paul Heeschen

TITLE
Independent Director
COMPENSATION
$152K
AGE
61
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Aug 18 Sell Thomas Maloof Individual 02. Aug 18 06. Aug 18 -10,000 $24.45 $-240,187
X
Management checks
We assess PCM'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. PCM 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

Is PCM, Inc.'s (NASDAQ:PCMI) Balance Sheet Strong Enough To Weather A Storm?

With this reduction in debt, the current cash and short-term investment levels stands at US$7.1m , ready to be used for running the business. … Moreover, PCMI has generated cash from operations of US$112m during the same period of time, leading to an operating cash to total debt ratio of 75%, signalling that PCMI’s operating cash is sufficient to cover its debt. … Next Steps: PCMI’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Who Has Been Selling PCM, Inc. (NASDAQ:PCMI) Shares?

View our latest analysis for PCM The Last 12 Months Of Insider Transactions At PCM In the last twelve months, the biggest single sale by an insider was when the Independent Director, Thomas Maloof, sold US$240k worth of shares at a price of US$24.45 per share. … NasdaqGM:PCMI Recent Insider Trading, May 26th 2019 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. … Insider Ownership of PCM Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

Is PCM, Inc.'s (NASDAQ:PCMI) CEO Pay Justified?

View our latest analysis for PCM How Does Frank Khulusi's Compensation Compare With Similar Sized Companies? … We looked at a group of companies with market capitalizations from US$200m to US$800m, and the median CEO total compensation was US$1.7m. … Thus we can conclude that Frank Khulusi receives more in total compensation than the median of a group of companies in the same market, and of similar size to PCM, Inc..

Simply Wall St -

A Close Look At PCM, Inc.’s (NASDAQ:PCMI) 18% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For PCM, Inc. (NASDAQ:PCMI)?

(NASDAQ:PCMI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Do Directors Own PCM, Inc. (NASDAQ:PCMI) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … We can zoom in on the different ownership groups, to learn more about PCMI

Simply Wall St -

The PCM (NASDAQ:PCMI) Share Price Has Soared 347%, Delighting Many Shareholders

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Given the importance of this milestone, it's not overly surprising that the share price has increased strongly. … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

A Spotlight On PCM, Inc.'s (NASDAQ:PCMI) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on PCM, Inc. … (NASDAQ:PCMI) due to its excellent fundamentals in more than one area.

Simply Wall St -

Have Insiders Been Selling PCM, Inc. (NASDAQ:PCMI) Shares This Year?

In the last twelve months, the biggest single sale by an insider was when Independent Director Thomas Maloof sold US$240k worth of shares at a price of US$24.45 per share. … That means that even when the share price was below the current price of US$32.43, an insider wanted to cash in some shares. … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price

Simply Wall St -

What does PCM, Inc.'s (NASDAQ:PCMI) Balance Sheet Tell Us About Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Electronic industry,. … So, understanding the company's financial health becomes

Simply Wall St -

Company Info

Description

PCM, Inc., through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices. The company also provides managed services, cloud-based services, consulting, IT management and other IT services, and technical certifications and operational expertise in various practice areas; and selection, implementation, and IT solutions comprising security, virtualization, data services, unified communications, and infrastructure, as well as software asset management and software value-added reseller services. PCM, Inc. markets its products, services, and solutions to individuals; commercial businesses; state, local, and federal governments; and educational institutions through its sales force, e-commerce channels, and technology services teams, as well as cloud data centers, field services organizations, and online extranets. The company was formerly known as PC Mall, Inc. and changed its name to PCM, Inc. in December 2012. PCM, Inc. was founded in 1987 and is headquartered in El Segundo, California.

Details
Name: PCM, Inc.
PCMI
Exchange: NasdaqGM
Founded: 1987
$315,364,865
12,256,699
Website: http://www.pcm.com
Address: PCM, Inc.
1940 East Mariposa Avenue,
El Segundo,
California, 90245,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PCMI Common Stock Nasdaq Global Market US USD 04. Apr 1995
DB CVR Common Stock Deutsche Boerse AG DE EUR 04. Apr 1995
Number of employees
Current staff
Staff numbers
3,997
PCM employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 23:44
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.