EngageSmart, Inc.

NYSE:ESMT Aktierapport

Börsvärde: US$3.9b

This company has been acquired

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

EngageSmart Förvaltning

Förvaltning kriterier kontrolleras 4/4

Vi har för närvarande inte tillräcklig information om VD:n.

Viktig information

Bob Bennett

Verkställande direktör

US$958.5k

Total ersättning

VD-lön i procent62.60%
Anställning som VD5yrs
Ägande av VD1.0%
Ledningens genomsnittliga anställningstid2.9yrs
Styrelsens genomsnittliga mandatperiod5yrs

Senaste uppdateringar av ledningen

Recent updates

Seeking Alpha • Oct 26

The EngageSmart Buyout Doesn't Feel Right

Summary EngageSmart, Inc. has agreed to be acquired by Vista Equity Partners in a $4 billion deal, representing a 13.9% premium to the closing price before the announcement. The company has shown strong growth, with revenue increasing from $109 million in 2020 to $303.9 million in 2022, driven by both segments of its business. The transaction raises questions about the company's potential for further growth, as well as the decision of the majority shareholder to retain a 35% stake in the combined company. Read the full article on Seeking Alpha
Analysartikel • Sep 29

Returns Are Gaining Momentum At EngageSmart (NYSE:ESMT)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Seeking Alpha • Aug 15

EngageSmart: Defensive Business Growing At >20% Is An Attractive Buy

Summary I recommend a buy due to the attractive growth profile, defensive business nature, and strong performance so far in this weak macro climate. ESMT provides customer engagement SaaS platforms and has shown strong growth in both the SMB and enterprise segments. The recent acquisition of Luminello assets is expected to boost ESMT's growth and profitability by expanding its capabilities and market reach. Read the full article on Seeking Alpha
Seeking Alpha • Aug 08

EngageSmart Sees SMB And Enterprise Strength As It Focuses Efforts

Summary EngageSmart, Inc. recently reported Q2 2023 financial results, beating revenue but missing EPS estimates. The company provides customer engagement software solutions to enterprises globally. EngageSmart is executing well, focusing on higher-value markets, and the stock appears undervalued. My outlook is a Buy at around $17.00. Read the full article on Seeking Alpha
Seeking Alpha • Jun 05

EngageSmart: Strong Growth And Margin Expansion Supported By Underlying Momentum

Summary ESMT remains a buy due to its consistent growth, healthy EBITDA margins, and focus on digitization of consumer bill payment processes and mental healthcare services. ESMT's underlying momentum is supported by robust quarterly transaction volume growth, expansion into new markets, and a promising outlook for FY23 and FY24. The company's 70+% gross margin suggests ample room for further EBITDA margin expansion. Read the full article on Seeking Alpha
Analysartikel • May 29

EngageSmart (NYSE:ESMT) Is Looking To Continue Growing Its Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysartikel • Feb 09

EngageSmart (NYSE:ESMT) Is Experiencing Growth In Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Feb 09

EngageSmart GAAP EPS of $0.03 beats by $0.02, revenue of $83.9M beats by $2.11M

EngageSmart press release (NYSE:ESMT): Q4 GAAP EPS of $0.03 beats by $0.02. Revenue of $83.9M (+36.2% Y/Y) beats by $2.11M. SMB Revenue increased 45% to $45.2 million compared to $31.1 million in the fourth quarter of 2021. Enterprise Revenue increased 27% to $38.7 million compared to $30.6 million in the fourth quarter of 2021. Total Transactions Processed increased 25% to 38.9 million compared to 31.2 million in the fourth quarter of 2021. Financial Outlook FY23 : Revenue of $380M - $384M vs. consensus of $380.04M; Adjusted EBITDA of $66.5M - $69M. 1Q23: Revenue of $86M - $87M vs. consensus of $86.12M; Adjusted EBITDA of $13.5M - $14M.
Analysartikel • Dec 13

Estimating The Intrinsic Value Of EngageSmart, Inc. (NYSE:ESMT)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of EngageSmart, Inc...
Seeking Alpha • Dec 07

EngageSmart: Getting Smarter

Summary EngageSmart has seen shares come down in 2022, while the business has been doing very fine. The company has seen sales growth stabilize at a high level, with real yet modest earnings reported. I like the improved setup here, as continued execution is required to deliver on an appealing investment opportunity. Shares of EngageSmart (ESMT) have seen a tough time this year, like so many technology names. With shares re-testing their lows, it is time to update the thesis which goes back to January of this year when I concluded that I was still not engaging yet with the business. A Recap EngageSmart has gone public in September 2021, yet shares have been falling out of the gate, as the timing of the IPO coincided with the boom in technology valuations, while the company witnessed slower growth and saw deleveraging on the bottom line. The company is based on the frustration of its founder to execute a simple task, that is trying to pay a utility bill. A mundane task like paying a bill, making an appointment and managing insurance claims are ripe to be automated, and that is just what EngageSmart´s software solution is doing for its clients. With that goal in mind, EngageSmart has grown to offer its SaaS applications to 70,000 SMEs and 3,000 enterprise companies at the time of the offering, active across a wide domain of industries. The company went public at $26, translating into a $3.9 billion enterprise valuation, applied to a business which generated $147 million in sales in 2020, resulting in a 26 times sales multiple. The company actually reported a GAAP operating profit of $0.6 million, which is not really a profit, but again, it is not a loss. Moreover, 97% revenue growth for 2020 looked pretty decent as well. Revenues rose 59% to $99 million in the first half of 2021, comprised out of 65% revenue growth in the first quarter and 53% growth in the second quarter, as shares rose to $34 on the first days of trading, pushing up the enterprise valuation to $5.2 billion. Shares had come down to $19 in January as third quarter sales growth slowed down to 42% with quarterly revenues coming in at $55 million and change. The issue is that slower growth was accompanied by a net loss of $8.3 million, to an important extent driven by a $6.6 million stock-based compensation expense. Part of this is due to the IPO of course, but adjusted for some items, a decline in EBITDA suggests structural margin pressure as well. With sales down to $19, translating into a $2.6 billion enterprise valuation, the company has seen sales multiples compress to 11 times, not cheap enough for me given the pace of growth decelerating and losses being apparent on the bottom line. What Happened? In February, EngageSmart posted a 37% increase in fourth quarter sales with revenues reported at $61 million and change. It is comforting to see a GAAP operating loss of just below a million, indicating a partial reversal of the trends. For the year, sales came in $216 million on which $30 million in adjusted EBITDA was reported. The company guided for 2022 sales to grow to $280-$285 million, which marks solid 30% revenue growth, yet EBITDA of $29-$31 million is set to be dead flat in dollar terms, hinting towards further margin pressure and likely some realistic losses as well. The company started the year on a solid note with first quarter sales up 42% to $67 million and change as the company posted a GAAP operating profit of $3 million on the back of a $10.6 million EBITDA number. Following the arguably strong start to the year, the company hiked the full-year guidance to $290-$294 million in sales and $38-$40 million in EBITDA, quite a big hike. Second quarter sales even rose by 43% to arrive at nearly $74 million with GAAP operating profits increasing to $4 million, as these comforting results triggered the company into hiking the guidance a bit further. The pace of revenue growth has been resilient in the third quarter as well, with sales up 42% to nearly $79 million on which an operating profit of nearly $5 million was reported. On the back of the results, the company hiked the full-year guidance, now seeing sales just over $300 million with EBITDA seen at $47 million. The 169 million shares now trade at $15, translating into an equity valuation of $2.5 billion here, or about $2.2 billion if we factor in a current net cash position of $293 million. Based on the share price stagnation and revenue growth, forward sales multiples have fallen to 7 times. Operating earnings trend around $20 million here, translating into sky-high earnings multiples, but at least the business is profitable. And Now? The reality is that the combination of sales growth and a decline in the share price has resulted in sales multiples having come down from 11 to 7 times, all while growth has stabilized at 40%, quite impressive. More important perhaps, the company has regained profitability and has actually been expanding profits a bit in recent quarters. The question is how far the business can grow, as the potential is huge of course given the wide addressable market. In the third quarter, the company processed 3.5 million transactions, indicating revenues per transaction to come in around $2, or just a couple of pennies above that. That is not fair either, as the business model is based on fixed subscription fees and variable consumption revenues.
Analysartikel • Nov 16

EngageSmart's (NYSE:ESMT) Earnings Are Of Questionable Quality

Despite posting some strong earnings, the market for EngageSmart, Inc.'s ( NYSE:ESMT ) stock hasn't moved much. We did...
Seeking Alpha • Nov 03

EngageSmart reports Q3 earnings beat; FY22 outlook confirmed

EngageSmart press release (NYSE:ESMT): Q3 GAAP EPS of $0.04 beats by $0.03. Revenue of $78.8M (+42.0% Y/Y) beats by $3.93M. Adjusted EBITDA was $13.2M, representing 16.8% Adjusted EBITDA Margin, compared to $8.7M, or 15.6% Adjusted EBITDA Margin, for the third quarter of 2021. Cash and Cash Equivalents were $293.5M as of September 30, 2022, compared to $254.3M as of December 31, 2021. Total Number of Customers increased 26% to 97,800 as of September 30, 2022, compared to 77,400 as of September 30, 2021. Total Transactions Processed increased 31% to 37.5 million compared to 28.6 million in the third quarter of 2021. Financial Outlook FY22 : Revenue of $300.5M - $302.0M vs. consensus of $297.35M; Adjusted EBITDA of $46.5M - $47.5M.
Analysartikel • Nov 02

Investors Will Want EngageSmart's (NYSE:ESMT) Growth In ROCE To Persist

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Analysartikel • Aug 07

Results: EngageSmart, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

EngageSmart, Inc. ( NYSE:ESMT ) investors will be delighted, with the company turning in some strong numbers with its...
Seeking Alpha • Aug 04

EngageSmart GAAP EPS of $0.04 beats by $0.02, revenue of $73.86M beats by $3.81M

EngageSmart press release (NYSE:ESMT): Q2 GAAP EPS of $0.04 beats by $0.02. Revenue of $73.86M (+42.7% Y/Y) beats by $3.81M.
Seeking Alpha • Jan 20

EngageSmart: Still Not Engaging Yet

EngageSmart has seen a tough couple of months after the public offering as a further slowdown in growth and real deleveraging on the bottom line make investors rightfully cautious. This coincided with a technology sell-off, making many other technology names much more interesting as well. Given the third quarter trends and lackluster fourth quarter guidance, I am by far not comfortable yet to start engaging, and thus, I am not buying the dip yet.
Seeking Alpha • Oct 06

EngageSmart CEO Robert Bennett - Digital Automation Eliminates Manual Tasks (Video)

EngageSmart provides SaaS based customer engagement software and integrated payment solutions and recently went public via IPO. CEO Robert Bennett on disrupting the financial and healthcare industry’s billing practices. Competing against larger firms and downward pricing pressure.
Seeking Alpha • Sep 29

EngageSmart: Smart To Engage?

EngageSmart has gone public in a very successful public offering. The company has seen solid growth by automating seemingly mundane everyday tasks. While profitability and growth is very much liked, a rapid deceleration in the pace of growth to roughly 50% and a 25 times sales multiple looks too steep.

Analys av ersättningar till VD

Hur har Bob Bennett:s ersättning förändrats jämfört med EngageSmart:s resultat?
DatumTotal ersättningLönFöretagets resultat
Sep 30 2023n/an/a

US$25m

Jun 30 2023n/an/a

US$20m

Mar 31 2023n/an/a

US$23m

Dec 31 2022US$959kUS$600k

US$21m

Sep 30 2022n/an/a

US$15m

Jun 30 2022n/an/a

-US$301k

Mar 31 2022n/an/a

-US$7m

Dec 31 2021US$3mUS$600k

-US$9m

Sep 30 2021n/an/a

-US$8m

Jun 30 2021n/an/a

-US$15k

Mar 31 2021n/an/a

-US$3m

Dec 31 2020US$841kUS$600k

-US$7m

Ersättning vs marknad: Bob s total kompensation ($USD 958.50K ) är under genomsnittet för företag av liknande storlek på US marknaden ($USD 7.05M ).

Ersättning vs inkomst: Ersättningen från Bob har varit i linje med företagets resultat under det senaste året.

VD OCH KONCERNCHEF

Bob Bennett (66 yo)

5yrs
Anställning
US$958,500
Kompensation

Mr. Robert P. Bennett, also known as Bob, is the Co-Founder and Director of Invoice Cloud, Inc. He serves as Founder, Chief Executive Officer and Director of EngageSmart, Inc. (formerly EngageSmart, LLC) s...

Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Robert Bennett
Founder5yrsUS$958.50k0.99%
$ 38.5m
Scott Semel
Chief Legal Officer & Secretary1.8yrsUS$2.78m0.025%
$ 962.7k
Kevin O'Brien
President of Enterprise Solutions1.9yrsUS$4.49m0.013%
$ 509.7k
Howard Spector
Founder & Executive Officerno dataUS$12.97minga uppgifter
Cassandra Hudson
Chief Financial Officer3.2yrsUS$2.02m0.044%
$ 1.7m
Patrick Donovan
Chief Accounting Officerless than a yearinga uppgifter0.0032%
$ 122.6k
Frank Laura
Chief Technology Officer4.4yrsinga uppgifteringa uppgifter
Josh Schmidt
Senior Vice President of Finance & Investor Relationsno datainga uppgifteringa uppgifter
Alison Durant
Chief Marketing Officer3.2yrsinga uppgifteringa uppgifter
Alan Canzano
Executive Vice President of Corporate Development & Strategy2.1yrsinga uppgifteringa uppgifter
Kristen Kenny
Chief People Officer3.6yrsinga uppgifteringa uppgifter
Jonathan Seltzer
President of SMB Solutions2.6yrsinga uppgifter0.0022%
$ 84.6k
2.9yrs
Genomsnittlig anställningstid
43.5yo
Genomsnittlig ålder

Erfaren ledning: ESMT s ledningsgrupp anses vara erfaren ( 2.9 års genomsnittlig anställningstid).

Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Robert Bennett
Founder5yrsUS$958.50k0.99%
$ 38.5m
David Mangum
Independent Director5yrsUS$250.00k0.0051%
$ 196.3k
Matthew Hamilton
Independent Director6yrsinga uppgifteringa uppgifter
John McKenzie
Independent Director5yrsinga uppgifteringa uppgifter
Raphael Osnoss
Independent Director5yrsinga uppgifteringa uppgifter
Paul Stamas
Independent Chairman5yrsinga uppgifteringa uppgifter
Deborah Dunnam
Independent Director2.1yrsUS$240.42k0.013%
$ 488.7k
Diego Rodriguez
Independent Director2yrsUS$507.04k0.0068%
$ 263.4k
5.0yrs
Genomsnittlig anställningstid
57yo
Genomsnittlig ålder

Erfaren styrelse: ESMT s styrelse anses vara erfaren ( 5 års genomsnittlig mandatperiod).

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2024/01/25 18:16
Aktiekurs vid dagens slut2024/01/25 00:00
Intäkter2023/09/30
Årlig intjäning2022/12/31

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

EngageSmart, Inc. bevakas av 9 analytiker. 9 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
Jason KupferbergBofA Global Research
Ashwin ShirvaikarCitigroup Inc
Jeffrey Van RheeCraig-Hallum Capital Group LLC