Mimecast Limited - Ordinary Shares (MIME) Company Bio
Mimecast Limited provides cloud security and risk management services for corporate information and email primarily in the United States, the United Kingdom, and South Africa. The company was founded in 2003 and is based in London, England.
MIME Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Mimecast Ltd. To summarize, we found that Mimecast Ltd ranked in the 34th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Mimecast Ltd, consider:
The business' balance sheet reveals debt to be 10% of the company's capital (with equity being the remaining amount). Approximately just 21.49% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Mimecast Ltd's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.02. This coverage rate is greater than that of only 18.12% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Mimecast Ltd experienced a tax rate of about 92% over the past twelve months; relative to its sector (Technology), this tax rate is higher than 95.37% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
UI, PLAB, BELFA, CLGX, and EVTC can be thought of as valuation peers to MIME, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.