With a one year PEG ratio of 164.33, Progress Software Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 81.49% of US stocks.
PRGS's went public 29.24 years ago, making it older than 83.21% of listed US stocks we're tracking.
The volatility of Progress Software Corp's share price is greater than that of only 9.11% US stocks with at least 200 days of trading history.
Stocks with similar financial metrics, market capitalization, and price volatility to Progress Software Corp are CPSI, NTCT, NOVT, NXGN, and XPER.
Progress Software is a global software company that simplifies the development, deployment and management of business applications. The Company's products provide solutions for rapid application development, broad data integration and efficient data analysis. The company was founded in 1981 and is based in Bedford, Massachusetts.
PRGS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Progress Software Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Progress Software Corp ranked in the 43th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 15.67%. In terms of the factors that were most noteworthy in this DCF analysis for PRGS, they are:
85% of the company's capital comes from equity, which is greater than 68.02% of stocks in our cash flow based forecasting set.
Progress Software Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 7.59. This coverage rate is greater than that of 72.85% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 8. This value is greater than only 16.53% stocks in the Technology sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PRGS, try CLGX, CRUS, ATEN, G, and TSM.
Progress Software (PRGS) up 3% in premarket on disclosing that Yogesh Gupta, CEO bought 2700 common shares at 37.50 on Oct. 1. Yogesh Gupta now owns 96,142 shares.In another filing, Anthony Folger, CFO bought 2622 shares at 37.75 on Oct. 1....
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]