Splunk Inc.

NasdaqGS:SPLK Aktierapport

Börsvärde: US$26.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Splunk Balansräkning Hälsa

Finansiell hälsa kriterier kontrolleras 4/6

Splunk har ett totalt eget kapital på $740.6M och en total skuld på $3.1B vilket ger sin skuldsättningsgrad till 419.5%. Dess totala tillgångar och totala skulder är $6.7B respektive $5.9B. Splunk s EBIT är $352.9M vilket gör dess räntetäckningsgrad -5.8. Den har kontanter och kortsiktiga investeringar på $2.0B.

Viktig information

419.51%

Skuldsättning i förhållande till eget kapital

US$3.11b

Skuld

Räntetäckningsgrad-5.8x
KontanterUS$2.00b
Eget kapitalUS$740.61m
Summa skulderUS$5.95b
Totala tillgångarUS$6.69b

Nya uppdateringar om finansiell hälsa

Recent updates

Seeking Alpha • Jan 29

Splunk Trading At An Implied Yield Close To 9.95% While Risk Is Mitigated

Summary Cisco Systems, Inc. is acquiring cybersecurity company Splunk Inc. for $30 billion, representing a 30% premium. The deal is expected to close within the 100 to 150-day window, potentially resulting in annualized returns of 10.07% to 43.68%. The HSR clearance and the cybersecurity sector's performance indicate a high likelihood of deal completion, estimated to be above 95%. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

Splunk files copyright lawsuit against Cribl

Splunk (NASDAQ:SPLK) said Wednesday it filed a lawsuit against Cribl in the U.S. District Court of Delaware, alleging patent and copyright infringement as well as unfair competition. SPLK alleged that Cribl unlawfully misappropriated its source code and confidential materials. SPLK claimed Cribl CEO Clint Sharp founded his company using code he took from SPLK when he was an employee of the firm without permission to do so.
Seeking Alpha • Sep 23

Splunk: Buy It And Forget About It

Summary Shares of Splunk have continued to slide after the company posted strong Q2 results. It is one of the few tech companies to actually increase its guidance for the full year, as opposed to many peers slicing outlooks. Now in a mature phase with its subscriptions transition, Splunk is hitting >30% y/y revenue growth while also making huge operating margin gains. The company trades at an attractive As the market retreats deeper and deeper into correction mode, it is an excellent time for brave investors to make long-term plays in fantastic companies that have fallen out of fashion. The mid-cap tech space, in particular, has plenty of fundamental powerhouses that are trading at fire-sale levels, and investors with cash to deploy can benefit from truly unmissable entry points. Splunk (SPLK) is one company that bears special mention. This machine-data platform is one of the most prominent names in big data analytics, and its technology is a mission-critical tool that helps businesses derive insights from data already generated from their internal systems. Year to date, shares of Splunk are down ~30% - more modest than most tech peers, but still not in line with the vast fundamental wins the company has scored recently, most notably in largely completing its transition to a subscription-based business model. Data by YCharts I remain bullish on Splunk. This is a fantastic company that now has a powerful ARR base, a best-in-class technology that is widely regarded in the industry, and on track to becoming immensely profitable thanks to its rich gross margin profile and opportunities for operating leverage. Here's a full rundown on what I think to be the key bullish drivers for Splunk: The use cases for Splunk are infinite - In its early days, Splunk's machine data-mining capabilities were often used for security purposes to flag and respond to anomalies within corporate systems. But as Splunk has evolved, the company's machine data capabilities are applicable across virtually any industry and across many functions. Usage-based pricing - Some of the most successful software stocks are usage-based, meaning that revenue climbs proportionally to a customer's usage of the product. Splunk's platform is charged on a data volumes/computing power basis. As data volumes continue to explode and companies push the boundaries of how they integrate data into operations and decision-making, Splunk has a tremendous opportunity to derive growth from within its install base. Splunk isn't without competitors, but the company's focus on machine data is unique. It's also the largest company in the space. The company's closest large/public peers are the monitoring companies like Datadog (DDOG) and New Relic (NEWR), which primarily focus on monitoring the performance and uptime of applications and infrastructure. Splunk focuses on visualizing and analyzing machine data (information passively generated by computers, phones, and other endpoints within networks). We note as well that Splunk's ~$3.3 billion annual revenue scale makes it twice as large as its next-closest competitor, Datadog. Industry-wide recognition - More to the point above, it's fine to have competition when Splunk also is widely considered the best-in-breed vendor for machine data analytics. Gartner, the software industry's leading analyst and reviewer, has bestowed the "Leader" designation to Splunk in the security information and event management space, and also named it as the vendor with the highest ability to execute. These commendations don't come lightly to IT buyers when making a purchase decision. Significant international expansion opportunity - Splunk has become a global brand name, and it's time for Splunk to chase more opportunities overseas. Currently, only about ~35% of its revenue base comes from international markets (and an even smaller ~20% slice of the cloud business is overseas). I see significant opportunity for Splunk to expand its presence outside of the U.S. On a more near-term basis, note that Splunk is one of the only tech companies in the Q2 earnings season to increase its full-year outlook. This stands in stark contrast to many other tech stocks that have cut their full-year guidance, citing a number of woes ranging from slowing deal cycles to FX pressures. It is important to note that one of the drivers here is that the weaker macro environment caused many of Splunk's customers to delay their cloud migrations, resulting in higher upfront license revenue. Still, Splunk's valuation fall in light of these strong results is baffling (it's only in sympathy with the rest of the market, and doesn't make sense on a standalone basis). At current share prices near $80, Splunk trades at a $13.00 billion market cap. After we net off the $1.79 billion of cash and $3.87 billion of debt on Splunk's most recent balance sheet, the company's resulting enterprise value is $15.08 billion. The company's latest revenue outlook is $3.35-$3.40 billion, representing 25-27% y/y growth - up two points on both the high and low end from its prior range. It's also worth noting that the company expects pro forma operating margins now at 8%, six points higher than 2% in the year-ago quarter. ARR expectations are down, driven both by FX translation impacts as well as the aforementioned delays in cloud migration. Splunk guidance update (Splunk Q2 earnings deck) Against Splunk's latest revenue outlook, the company trades at 4.5x EV/FY23 revenue. If we look ahead to FY24 (the year for Splunk ending in January 2024), where Wall Street consensus is calling for 19% y/y revenue growth to $4.05 billion (data from Yahoo Finance), Splunk's multiple compresses down further to just 3.7x EV/FY24 revenue. The bottom line here: Splunk is a known quantity in the software industry and is trading at an incredible opportune multiple. Don't miss the chance to get in on this stock at what I consider to be a very low-risk price. Q2 download Let's now go through Splunk's latest Q2 results in greater detail. The Q2 earnings summary is shown below: Splunk Q2 results (Splunk Q2 earnings deck) Splunk's revenue grew 32% y/y to $798.8 million, beating Wall Street's expectations of $737.0 million (+22% y/y) by a wide mile. The main driver here, as previously noted, is higher than expected license revenues, due to customers delaying their cloud transitions. Still, we don't think there's any cause for concern for the long-term viability of Splunk's recurring revenue buildup. Splunk still grew total ARR in the quarter to $3.33 billion, up 27% y/y, and adding $121 million of net-new ARR in the quarter. And as seen in the chart below, the company now has 723 customers who generate a total ARR in excess of $1 million, adding 33 such customers in the quarter (more than 15 in Q1).

Analys av finansiell ställning

Kortfristiga skulder: SPLK s kortfristiga tillgångar ( $4.2B ) överstiger dess kortfristiga skulder ( $2.6B ).

Långfristiga skulder: SPLK s kortfristiga tillgångar ( $4.2B ) överstiger dess långfristiga skulder ( $3.4B ).

Skuld till eget kapital Historik och analys

Skuldnivå: SPLK s nettoskuld i förhållande till eget kapital ( 149% ) anses vara hög.

Minska skulden: SPLK s skuldsättningsgrad har ökat från 107.5% till 419.5% under de senaste 5 åren.

Skuldtäckning: SPLK s skuld är väl täckt av operativt kassaflöde ( 32.5% ).

Räntetäckning: SPLK tjänar mer ränta än den betalar, så täckning av räntebetalningar är inget problem.

Balansräkning

Upptäck friska företag

7D

1Y

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1Y

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2024/03/18 19:37
Aktiekurs vid dagens slut2024/03/15 00:00
Intäkter2024/01/31
Årlig intjäning2024/01/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Splunk Inc. bevakas av 39 analytiker. 28 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Raimo LenschowBarclays