Progress Software Corporation (PRGS)
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 |
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 |
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 |
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 |
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% |
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 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 |