Elastic N.v.

Technology
Computer Software: Prepackaged Software
www.elastic.co

Earnings Score
Moat Score
Safety Score

Market Cap $8.55B
PE -64
Debt $575.00M
Cash $587.61M
EV $8.54B
FCF $237.06M

Earnings

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Sales & Net Margins

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Earnings	-$132.83M
EBIT	-$70.52M
ROE	-15%
ROA	-3%
FCF	$237.06M
Equity	$859.11M
Growth Stability	1
PE	-64.38
PEG	-1.58K
PB	9.96
P/FCF	36.08
P/S	5.98
Price/Cash	0.07
Debt/Equity	0.67
Debt/FCF	2.43
Net Margins	-8%
Gross Margins	74%
Op. Margins	-5%
Earnings CAGR	0%
Sales Growth YoY	17%
Sales Growth QoQ	5%
Sales CAGR	38%
FCF CAGR	36%
Equity CAGR	15%
Earnings Stability	-0.28
Earnings Growth YoY	-110%
Earnings Growth QoQ	-33%

Earnings CAGR 5Y	0%
Sales CAGR 5Y	29%
FCF CAGR 5Y	151%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	20%
Sales CAGR 3Y	20%
FCF CAGR 3Y	749%
Equity CAGR 3Y	40%
Market Cap	$8.55B
Revenue	$1.43B
Assets	$2.33B
Total Debt	$575.00M
Cash	$587.61M
Shares Outstanding	103.2M
EV	8.54B
Earnings Score	6%
Moat Score	7%
Safety Score	92%
Final Score	35%
Working Capital	856.4M
Current Ratio	2.02
Gross Profit	$1.06B
Shares Growth 3y	4%
Equity Growth QoQ	6%
Equity Growth YoY	21%

Assets & ROA

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Stockholders Equity & ROE

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Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

SEC Filings

Direct access to Elastic N.v. (ESTC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Jan 31
2024
- 10-Q Oct 31
- 10-Q Jul 31
- 10-K Apr 30
- 10-Q Jan 31
2023
- 10-Q Oct 31
- 10-Q Jul 31
- 10-K Apr 30
- 10-Q Jan 31

Sector Comparison

How does Elastic N.v. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Elastic N.v. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability -28%

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Elastic N.v. Discounted Cash Flow

Fully customizable DCF calculator online for Elastic N.v..

Years

Calculation mode

= $29B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$237M	$322M	$439M	$596M	$811M	$1.1B	$1.5B	$2B	$2.8B	$3.8B	$5.1B	$51B
DCF		$293M	$362M	$448M	$554M	$685M	$847M	$1B	$1.3B	$1.6B	$2B	$20B
Value	$29B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Net Margins	-59%	-33%	-38%	-39%	-21%	-24%	-22%	5%	-8%
ROA	-	-	-20%	-21%	-13%	-11%	-12%	-5%	-3%
ROE	-	-	-39%	-40%	-29%	-49%	-59%	8%	-15%

Bad Net Margins (-8.38%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Debt over FCF	-	-	-	-	0	180.42	17.44	3.96	2.43
Debt over Equity	-	-	-	-	0	1.38	1.44	0.78	0.67
Growth Stability	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (2.43)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.67)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	CAGR 5Y
Revenue YoY growth	-	81%	70%	57%	42%	42%	24%	19%	29%
Earnings YoY growth	-	1%	94%	63%	-23%	57%	16%	-126%	0%
Equity YoY growth	-	19%	-271%	57%	9%	-8%	-4%	85%	14%
FCF YoY growth	-	40%	15%	30%	-152%	-83%	935%	341%	151%