Workiva Inc. provides a cloud-based and mobile-enabled platform for enterprises to collect, manage, report, and analyze critical business data in real time. The company was founded in 2008 and is based in Ames, Iowa.
WK Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for WK, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Workiva Inc ranked in the 31th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 44.5%. The most interesting components of our discounted cash flow analysis for Workiva Inc ended up being:
Workiva Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.36. This coverage rate is greater than that of only 10.66% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Workiva Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Technology), this tax rate is higher than only 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Workiva Inc? See G, DBX, OMCL, CDNS, and IT.
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AMES, Iowa & DALLAS--(BUSINESS WIRE)---- $WK #100BestCos--Workiva (NYSE:WK), provider of the world’s leading connected reporting and compliance platform, and Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, jointly announce a strategic partnership to help large enterprises and mid-sized organizations streamline and automate processes for financial close and global statutory reporting. With this partnership, joint customers are able to seamlessly link
AMES, Iowa--(BUSINESS WIRE)---- $WK #100BestCos--Workiva (NYSE:WK), provider of the world’s leading connected reporting and compliance platform, announced today that it’s expanding its cloud-platform capabilities to serve the vertical market – encompassing electric utility, hydropower and pipeline companies – that reports to the Federal Energy Regulatory Commission (FERC). Last June, FERC adopted XBRL® for its required quarterly and annual reports to improve access to and analysis of digital data. FERC will soon f