Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
64.09
-0.59 (-0.91%)
Oct 31, 2024, 4:00 PM EDT - Market closed

Progress Software Statistics

Total Valuation

PRGS has a market cap or net worth of $2.75 billion. The enterprise value is $3.36 billion.

Market Cap 2.75B
Enterprise Value 3.36B

Important Dates

The last earnings date was Tuesday, September 24, 2024, after market close.

Earnings Date Sep 24, 2024
Ex-Dividend Date Aug 30, 2024

Share Statistics

PRGS has 42.91 million shares outstanding. The number of shares has decreased by -0.12% in one year.

Shares Outstanding 42.91M
Shares Change (YoY) -0.12%
Shares Change (QoQ) -0.58%
Owned by Insiders (%) 0.90%
Owned by Institutions (%) 112.41%
Float 42.50M

Valuation Ratios

The trailing PE ratio is 34.49 and the forward PE ratio is 12.37. PRGS's PEG ratio is 6.24.

PE Ratio 34.49
Forward PE 12.37
PS Ratio 3.92
Forward PS 3.53
PB Ratio 6.52
P/FCF Ratio 12.60
PEG Ratio 6.24
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.81, with an EV/FCF ratio of 15.23.

EV / Earnings 40.61
EV / Sales 4.69
EV / EBITDA 13.81
EV / EBIT 23.98
EV / FCF 15.23

Financial Position

The company has a current ratio of 1.23, with a Debt / Equity ratio of 1.91.

Current Ratio 1.23
Quick Ratio 1.13
Debt / Equity 1.91
Debt / EBITDA 3.21
Debt / FCF 3.69
Interest Coverage 4.82

Financial Efficiency

Return on equity (ROE) is 18.98% and return on invested capital (ROIC) is 7.10%.

Return on Equity (ROE) 18.98%
Return on Assets (ROA) 5.44%
Return on Capital (ROIC) 7.10%
Revenue Per Employee $313,230
Profits Per Employee $36,176
Employee Count 2,284
Asset Turnover 0.44
Inventory Turnover n/a

Taxes

In the past 12 months, PRGS has paid $13.56 million in taxes.

Income Tax 13.56M
Effective Tax Rate 14.10%

Stock Price Statistics

The stock price has increased by +25.77% in the last 52 weeks. The beta is 0.92, so PRGS's price volatility has been similar to the market average.

Beta (5Y) 0.92
52-Week Price Change +25.77%
50-Day Moving Average 61.93
200-Day Moving Average 55.65
Relative Strength Index (RSI) 48.66
Average Volume (20 Days) 442,296

Short Selling Information

The latest short interest is 4.82 million, so 11.22% of the outstanding shares have been sold short.

Short Interest 4.82M
Short Previous Month 4.80M
Short % of Shares Out 11.22%
Short % of Float 11.33%
Short Ratio (days to cover) 5.67

Income Statement

In the last 12 months, PRGS had revenue of $715.42 million and earned $82.63 million in profits. Earnings per share was $1.86.

Revenue 715.42M
Gross Profit 617.29M
Operating Income 139.90M
Pretax Income 82.86M
Net Income 82.63M
EBITDA 242.88M
EBIT 139.90M
Earnings Per Share (EPS) $1.86
Full Income Statement

Balance Sheet

The company has $232.71 million in cash and $812.75 million in debt, giving a net cash position of -$580.04 million or -$13.52 per share.

Cash & Cash Equivalents 232.71M
Total Debt 812.75M
Net Cash -580.04M
Net Cash Per Share -$13.52
Equity (Book Value) 425.61M
Book Value Per Share 9.92
Working Capital 73.65M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $225.00 million and capital expenditures -$4.72 million, giving a free cash flow of $220.29 million.

Operating Cash Flow 225.00M
Capital Expenditures -4.72M
Free Cash Flow 220.29M
FCF Per Share $5.13
Full Cash Flow Statement

Margins

Gross margin is 86.28%, with operating and profit margins of 19.55% and 11.55%.

Gross Margin 86.28%
Operating Margin 19.55%
Pretax Margin 13.44%
Profit Margin 11.55%
EBITDA Margin 33.95%
EBIT Margin 19.55%
FCF Margin 29.30%

Dividends & Yields

This stock pays an annual dividend of $0.70, which amounts to a dividend yield of 1.09%.

Dividend Per Share $0.70
Dividend Yield 1.09%
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio 37.67%
Buyback Yield 0.12%
Shareholder Yield 1.20%
Earnings Yield 2.98%
FCF Yield 7.94%
Dividend Details

Analyst Forecast

The average price target for PRGS is $67.67, which is 5.59% higher than the current price. The consensus rating is "Buy".

Price Target $67.67
Price Target Difference 5.59%
Analyst Consensus Buy
Analyst Count 6
Revenue Growth Forecast (5Y) 3.00%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on January 31, 2011. It was a forward split with a ratio of 1.5:1.

Last Split Date Jan 31, 2011
Split Type Forward
Split Ratio 1.5:1

Scores

PRGS has an Altman Z-Score of 2.06 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.06
Piotroski F-Score 5