Stock PRGS PROGRESS SOFTWARE CORPORATION
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Financials Progress Software Corporation

Equities

PRGS

US7433121008

Software

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
50.34 USD -0.71% Intraday chart for Progress Software Corporation -0.14% -7.29%
Apr. 19 Sector Update: Tech Stocks Sliding Late Afternoon MT
Apr. 19 Sector Update: Tech Stocks Slipping in Afternoon Trading MT

Valuation

Fiscal Period: november 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,881 1,809 2,124 2,293 2,346 2,176 - -
Enterprise Value (EV) 1 2,002 2,085 2,527 2,659 2,943 2,619 2,410 2,202
P/E ratio 72.4 x 22.8 x 27.5 x 24.8 x 34.3 x 25.1 x 20.3 x 18 x
Yield - - 1.44% 1.31% 1.3% 1.4% 1.43% 1.51%
Capitalization / Revenue 4.36 x 3.96 x 3.81 x 3.75 x 3.36 x 2.99 x 2.87 x 2.8 x
EV / Revenue 4.64 x 4.57 x 4.53 x 4.35 x 4.22 x 3.6 x 3.18 x 2.84 x
EV / EBITDA 9.15 x - 8.7 x 12.7 x 13.6 x 8.09 x 7.94 x 8.91 x
EV / FCF 16.1 x 15.1 x 14.5 x 14.3 x 17.5 x 12.7 x 11 x 9.25 x
FCF Yield 6.22% 6.63% 6.88% 7% 5.72% 7.86% 9.08% 10.8%
Price to Book 5.71 x - 5.16 x 5.88 x 5.09 x 3.73 x 2.61 x 2 x
Nbr of stocks (in thousands) 44,786 45,102 43,843 42,998 43,565 43,218 - -
Reference price 2 42.01 40.10 48.45 53.32 53.86 50.34 50.34 50.34
Announcement Date 1/16/20 1/14/21 1/18/22 1/17/23 1/16/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 432 456.2 557.3 610.6 698.2 726.9 758.4 776.7
EBITDA 1 218.9 - 290.3 209 215.8 323.8 303.7 247.2
EBIT 1 162.3 182.8 229.2 242.1 270.6 288.4 302.4 309.7
Operating Margin 37.56% 40.06% 41.12% 39.65% 38.76% 39.67% 39.88% 39.88%
Earnings before Tax (EBT) 1 28.5 96.64 95.53 117.3 79.66 114.2 149.4 -
Net income 1 26.4 79.72 78.42 95.07 70.2 90.53 110.8 119.5
Net margin 6.11% 17.47% 14.07% 15.57% 10.05% 12.46% 14.61% 15.38%
EPS 2 0.5800 1.760 1.760 2.150 1.570 2.008 2.480 2.801
Free Cash Flow 1 124.5 138.3 173.9 186.1 168.4 205.8 218.9 238.1
FCF margin 28.82% 30.32% 31.2% 30.47% 24.11% 28.31% 28.86% 30.66%
FCF Conversion (EBITDA) 56.86% - 59.89% 89.04% 78.01% 63.55% 72.08% 96.3%
FCF Conversion (Net income) 471.54% 173.52% 221.72% 195.72% 239.83% 227.28% 197.57% 199.26%
Dividend per Share 2 - - 0.7000 0.7000 0.7000 0.7033 0.7200 0.7600
Announcement Date 1/16/20 1/14/21 1/18/22 1/17/23 1/16/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: November 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 143.7 147.5 150.9 153.1 159.2 165.6 179.2 175.8 177.5 184.7 168.4 183.5 190 190.5 177.9
EBITDA 1 - - - 51.24 49.46 57.73 50.42 57.26 50.4 62.55 49 68 75 - -
EBIT 1 51.63 58.73 61.3 60.08 61.98 72.43 67.3 68.39 62.52 76.76 60.68 73.87 77.02 76.41 70.2
Operating Margin 35.92% 39.82% 40.63% 39.25% 38.94% 43.74% 37.55% 38.91% 35.22% 41.56% 36.03% 40.25% 40.54% 40.11% 39.47%
Earnings before Tax (EBT) 1 14.2 25.95 36.84 27.68 26.78 29.92 14.61 20.95 14.17 27.61 19.4 32.8 34.4 - -
Net income 1 14.93 20.45 29.11 21.8 23.71 23.67 12.09 19.1 15.34 22.64 12.69 26.74 29.55 28.9 20.7
Net margin 10.39% 13.87% 19.29% 14.24% 14.89% 14.29% 6.75% 10.86% 8.64% 12.26% 7.53% 14.57% 15.55% 15.17% 11.64%
EPS 2 0.3300 0.4600 0.6600 0.5000 0.5400 0.5300 0.2700 0.4200 0.3400 0.5100 0.2609 0.5793 0.6663 0.6300 0.4500
Dividend per Share 2 0.1750 0.1750 0.1750 0.1750 0.1750 0.1750 0.1750 0.1750 0.1750 0.1750 0.1783 0.1783 0.1817 0.1775 -
Announcement Date 1/18/22 3/29/22 6/28/22 9/27/22 1/17/23 3/28/23 6/29/23 9/26/23 1/16/24 3/26/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 121 277 403 366 597 443 235 26.4
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.5528 x - 1.388 x 1.753 x 2.766 x 1.369 x 0.7733 x 0.1069 x
Free Cash Flow 1 124 138 174 186 168 206 219 238
ROE (net income / shareholders' equity) 8.07% 23.6% 45.6% 45.3% 45.3% 35.4% 25.8% 21.9%
ROA (Net income/ Total Assets) - - 14.4% 13.2% 12.9% 12.6% 12% 11.1%
Assets 1 - - 545.5 720.5 544.8 716.9 926.7 1,076
Book Value Per Share 2 7.360 - 9.390 9.060 10.60 13.50 19.30 25.20
Cash Flow per Share - - - - - - - -
Capex 1 4 6.52 4.65 6.09 5.57 5.13 5.61 6.55
Capex / Sales 0.93% 1.43% 0.84% 1% 0.8% 0.71% 0.74% 0.84%
Announcement Date 1/16/20 1/14/21 1/18/22 1/17/23 1/16/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Progress Software Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
50.34 USD
Average target price
63.61 USD
Spread / Average Target
+26.37%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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