Elastic N.v Intrinsic Value Calculation – ELASTIC N.V Reports Earnings Results for FY2024 Q1 Ending July 31 2023
September 7, 2023
🌥️Earnings Overview
ELASTIC N.V ($NYSE:ESTC) revealed their FY2024 Q1 results, for the period ending July 31 2023, on September 1. For the quarter, total revenue was USD 293.8 million, up 17.5% year-over-year. Furthermore, the net income was reported at USD -48.5 million, which was an improvement from the prior year’s -69.6 million.
Price History
ELASTIC N.V reported financial results for the first quarter of fiscal year 2024 ending July 31, 2023 on Friday. The company’s stock opened at $72.7 and closed at $74.3, a soar of 20.0% from the prior closing price of 61.9. This is attributed to the company’s successful diversification strategy across various sectors, such as software, hardware, and engineering services. This was driven by cost-cutting measures and increased efficiency in their supply chain.
These wins were largely due to the effective management of ELASTIC N.V’s resources and strong customer focus. The company showed great resilience in a highly competitive market by delivering high-quality products and services to their customers. ELASTIC N.V has positioned itself as an industry leader in innovative technologies and is well-poised to capitalize on its success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Elastic N.v. More…
| Total Revenues | Net Income | Net Margin |
| 1.11k | -215.12 | -17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Elastic N.v. More…
| Operations | Investing | Financing |
| 83.18 | -327.57 | 17.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Elastic N.v. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.7k | 1.29k | 4.18 |
Key Ratios Snapshot
Some of the financial key ratios for Elastic N.v are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.6% | – | -14.4% |
| FCF Margin | ROE | ROA |
| 7.2% | -24.7% | -5.9% |
Analysis – Elastic N.v Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of ELASTIC N.V‘s wellbeing. Our proprietary Valuation Line revealed the company’s intrinsic value to be around $138.2. However, currently ELASTIC N.V stock is trading at only $74.3, meaning it is being undervalued by 46.2%. We believe investors should take note of this discrepancy between valuation and current stock price, as it could present a potentially interesting opportunity. More…
Peers
Elastic NV provides open source data analysis and search software. The company’s products include Elastic Stack, a set of software products that ingest and store data from any source and in any format, as well as perform search, analysis, and visualization. The company’s products are used by businesses of all sizes, including Adobe, Cisco, eBay, Goldman Sachs, Microsoft, Netflix, The New York Times, and Yelp. Elastic NV has a significant presence in the data analysis and search market, with a market share of 18.4%. The company’s primary competitors are Datadog Inc, MongoDB Inc, and KLDiscovery Inc.
– Datadog Inc ($NASDAQ:DDOG)
Datadog Inc is a provider of monitoring and analytics solutions for cloud-scale applications. The company’s solutions include a data collection agent, a unified platform for searching and analyzing data, and a machine learning-based alerts engine. Datadog’s platform is used by companies in a variety of industries, including technology, e-commerce, media, and financial services.
Datadog Inc has a market cap of 25.88B as of 2022. The company’s return on equity is 1.8%. Datadog’s platform is used by companies in a variety of industries, including technology, e-commerce, media, and financial services.
– MongoDB Inc ($NASDAQ:MDB)
MongoDB Inc is a company that provides a database software platform. The company has a market cap of 13.05B as of 2022 and a Return on Equity of -32.06%. The company’s products are used by organizations in various industries for data management, analysis, and deployment of applications.
– KLDiscovery Inc ($OTCPK:KLDI)
KLDiscovery, Inc. is a global provider of technology-enabled discovery and data recovery solutions. The company helps law firms, corporations, government agencies and other organizations find, collect and manage data. The company’s services include eDiscovery, managed services, data recovery and consulting. KLDiscovery, Inc. is headquartered in Washington, D.C.
Summary
ELASTIC N.V reported strong earnings for the first quarter, with total revenue increasing 17.5% year-over-year to USD 293.8 million and net income improving from the previous year’s -69.6 million to -48.5 million. This positive news caused the stock price to move up the same day, indicating investor confidence in the company’s prospects. Looking ahead, investors should consider ELASTIC N.V’s financial performance, growth potential, and competitive advantages in making decisions regarding whether to invest in the company’s stock.
Related Posts
Recent Posts
