Progress Software Corporation (PRGS)

NASDAQ: PRGS · IEX Real-Time Price · USD
46.16
-2.64 (-5.41%)
At close: Jun 29, 2022 4:00 PM
46.17
+0.01 (0.02%)
After-hours: Jun 29, 2022 7:44 PM EDT

Total Valuation

PRGS has a market cap or net worth of $2.02 billion. The enterprise value is $2.50 billion.

Market Cap 2.02B
Enterprise Value 2.50B

Important Dates

The latest earnings date was Tuesday, June 28, 2022, after market close.

Last Earnings Date Jun 28, 2022
Ex-Dividend Date May 31, 2022

Share Statistics

PRGS has 43.77 million shares outstanding. The number of shares has decreased by -0.29% in one year.

Shares Outstanding 43.77M
Shares Change (YoY) -0.29%
Shares Change (QoQ) +0.01%
Owned by Insiders (%) 1.51%
Owned by Institutions (%) 103.45%
Float 43.21M

Valuation Ratios

The trailing PE ratio is 25.64 and the forward PE ratio is 12.00. PRGS's PEG ratio is 6.00.

PE Ratio 25.64
Forward PE 12.00
PS Ratio 3.64
PB Ratio 5.49
P/FCF Ratio 11.64
PEG Ratio 6.00
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 18.61, with a EV/FCF ratio of 14.38.

EV / Earnings 31.25
EV / Sales 4.50
EV / EBITDA 18.61
EV / EBIT 21.17
EV / FCF 14.38

Financial Position

The company has a current ratio of 1.21, with a Debt / Equity ratio of 1.77.

Current Ratio 1.21
Quick Ratio 1.07
Debt / Equity 1.77
Debt / EBITDA 4.85
Debt / FCF 3.75

Financial Efficiency

Return on equity (ROE) is 20.70%, which is very high. The company has a high ROIC of 21.60%.

Return on Equity (ROE) 20.70%
Return on Assets (ROA) 6.10%
Return on Capital (ROIC) 21.60%
Revenue Per Employee $263,887
Profits Per Employee $38,000
Employee Count 2,103
Asset Turnover 0.42
Inventory Turnover n/a

Taxes

In the past 12 months, PRGS has paid $16.81 million in taxes.

Income Tax 16.81M
Effective Tax Rate 17.38%

Stock Price Statistics

The stock price has decreased by -0.67% in the last 52 weeks. The beta is 1.07, so PRGS's price volatility has been similar to the market average.

Beta (1Y) 1.07
52-Week Price Change -0.67%
50-Day Moving Average 47.94
200-Day Moving Average 46.37
Average Volume (30 Days) 345,440

Short Selling Information

The latest short interest is 2.79 million, so 6.37% of the outstanding shares have been sold short.

Short Interest 2.79M
Short % of Shares Out 6.37%
Short % of Float 6.45%
Short Ratio (days to cover) 10.18

Income Statement

In the last 12 months, PRGS had revenue of $554.96 million and earned 79.91 million in profits. Earnings per share was $1.80.

Revenue 554.96M
Gross Profit 471.29M
Operating Income 118.12M
Pretax Income 96.72M
Net Income 79.91M
EBITDA 134.21M
EBIT 117.96M
Earnings Per Share (EPS) $1.80
Full Income Statement

Balance Sheet

The company has $173.32 million in cash and $650.47 million in debt, giving a net cash position of -$477.15 million or -$10.90 per share.

Cash & Cash Equivalents 173.32M
Total Debt 650.47M
Net Cash -477.15M
Net Cash Per Share -$10.90
Book Value 368.32M
Book Value Per Share 8.42
Working Capital 58.89M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $177.94 million and capital expenditures -$4.32 million, giving a free cash flow of $173.62 million.

Operating Cash Flow 177.94M
Capital Expenditures -4.32M
Free Cash Flow 173.62M
FCF Per Share $3.97
Full Cash Flow Statement

Margins

Gross margin is 84.92%, with operating and profit margins of 21.28% and 14.40%.

Gross Margin 84.92%
Operating Margin 21.28%
Pretax Margin 17.43%
Profit Margin 14.40%
EBITDA Margin 24.18%
EBIT Margin 21.26%
FCF Margin 31.28%

Dividends & Yields

This stock pays an annual dividend of $0.70, which amounts to a dividend yield of 1.52%.

Dividend Per Share $0.70
Dividend Yield 1.52%
Earnings Yield 3.96%
FCF Yield 8.59%
Dividend Growth (YoY) 0.00%
Payout Ratio 38.30%
Buyback Yield -0.13%
Shareholder Yield 1.39%
Dividend Details

Analyst Forecast

The average price target for PRGS is $61.00, which is 32.15% higher than the current price. The consensus rating is "Buy".

Price Target $61.00
Price Target Difference 32.15%
Analyst Consensus Buy
Analyst Count 11
Stock Forecasts

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