Progress Software Statistics
Total Valuation
PRGS has a market cap or net worth of $2.37 billion. The enterprise value is $2.95 billion.
| Market Cap | 2.37B |
| Enterprise Value | 2.95B |
Important Dates
The last earnings date was Tuesday, June 25, 2024, after market close.
| Earnings Date | Jun 25, 2024 |
| Ex-Dividend Date | Aug 30, 2024 |
Share Statistics
PRGS has 43.22 million shares outstanding. The number of shares has increased by 1.07% in one year.
| Shares Outstanding | 43.22M |
| Shares Change (YoY) | +1.07% |
| Shares Change (QoQ) | -0.39% |
| Owned by Insiders (%) | 1.42% |
| Owned by Institutions (%) | 110.36% |
| Float | 42.87M |
Valuation Ratios
The trailing PE ratio is 35.61 and the forward PE ratio is 11.72. PRGS's PEG ratio is 5.42.
| PE Ratio | 35.61 |
| Forward PE | 11.72 |
| PS Ratio | 3.32 |
| Forward PS | 3.21 |
| PB Ratio | 5.13 |
| P/FCF Ratio | 12.33 |
| PEG Ratio | 5.42 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 23.12, with an EV/FCF ratio of 15.35.
| EV / Earnings | 42.64 |
| EV / Sales | 4.13 |
| EV / EBITDA | 23.12 |
| EV / EBIT | 26.90 |
| EV / FCF | 15.35 |
Financial Position
The company has a current ratio of 0.95, with a Debt / Equity ratio of 1.54.
| Current Ratio | 0.95 |
| Quick Ratio | 0.91 |
| Debt / Equity | 1.54 |
| Debt / EBITDA | 5.58 |
| Debt / FCF | 3.71 |
| Interest Coverage | 3.40 |
Financial Efficiency
Return on equity (ROE) is 15.50% and return on invested capital (ROIC) is 8.37%.
| Return on Equity (ROE) | 15.50% |
| Return on Assets (ROA) | 4.40% |
| Return on Capital (ROIC) | 8.37% |
| Revenue Per Employee | $313,003 |
| Profits Per Employee | $30,281 |
| Employee Count | 2,284 |
| Asset Turnover | 0.45 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, PRGS has paid $8.18 million in taxes.
| Income Tax | 8.18M |
| Effective Tax Rate | 10.57% |
Stock Price Statistics
The stock price has decreased by -7.00% in the last 52 weeks. The beta is 0.93, so PRGS's price volatility has been similar to the market average.
| Beta (5Y) | 0.93 |
| 52-Week Price Change | -7.00% |
| 50-Day Moving Average | 50.79 |
| 200-Day Moving Average | 53.03 |
| Relative Strength Index (RSI) | 67.54 |
| Average Volume (20 Days) | 599,746 |
Short Selling Information
The latest short interest is 4.22 million, so 9.75% of the outstanding shares have been sold short.
| Short Interest | 4.22M |
| Short Previous Month | 4.20M |
| Short % of Shares Out | 9.75% |
| Short % of Float | 9.83% |
| Short Ratio (days to cover) | 11.06 |
Income Statement
In the last 12 months, PRGS had revenue of $714.90 million and earned $69.16 million in profits. Earnings per share was $1.54.
| Revenue | 714.90M |
| Gross Profit | 581.73M |
| Operating Income | 109.94M |
| Pretax Income | 77.34M |
| Net Income | 69.16M |
| EBITDA | 127.57M |
| EBIT | 109.62M |
| Earnings Per Share (EPS) | $1.54 |
Balance Sheet
The company has $133.22 million in cash and $712.29 million in debt, giving a net cash position of -$579.07 million or -$13.40 per share.
| Cash & Cash Equivalents | 133.22M |
| Total Debt | 712.29M |
| Net Cash | -579.07M |
| Net Cash Per Share | -$13.40 |
| Equity (Book Value) | 461.74M |
| Book Value Per Share | 10.68 |
| Working Capital | -14.95M |
Cash Flow
In the last 12 months, operating cash flow was $197.66 million and capital expenditures -$5.49 million, giving a free cash flow of $192.16 million.
| Operating Cash Flow | 197.66M |
| Capital Expenditures | -5.49M |
| Free Cash Flow | 192.16M |
| FCF Per Share | $4.39 |
Margins
Gross margin is 81.37%, with operating and profit margins of 15.38% and 9.67%.
| Gross Margin | 81.37% |
| Operating Margin | 15.38% |
| Pretax Margin | 10.82% |
| Profit Margin | 9.67% |
| EBITDA Margin | 17.84% |
| EBIT Margin | 15.33% |
| FCF Margin | 26.88% |
Dividends & Yields
This stock pays an annual dividend of $0.70, which amounts to a dividend yield of 1.28%.
| Dividend Per Share | $0.70 |
| Dividend Yield | 1.28% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | 45.45% |
| Buyback Yield | -1.07% |
| Shareholder Yield | 0.21% |
| Earnings Yield | 2.92% |
| FCF Yield | 8.11% |
Analyst Forecast
The average price target for PRGS is $63.14, which is 15.14% higher than the current price. The consensus rating is "Buy".
| Price Target | $63.14 |
| Price Target Difference | 15.14% |
| Analyst Consensus | Buy |
| Analyst Count | 7 |
| Revenue Growth Forecast (5Y) | 3.20% |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on January 31, 2011. It was a forward split with a ratio of 3:2.
| Last Split Date | Jan 31, 2011 |
| Split Type | Forward |
| Split Ratio | 3:2 |
Scores
PRGS has an Altman Z-Score of 2.11 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.11 |
| Piotroski F-Score | 7 |