Hubspot Inc

Technology
Computer Software: Prepackaged Software
www.hubspot.com

Moat Score
Safety Score

Market Cap $37.84B
PE -2711
Debt $457.67M
Cash $414.11M
EV $37.88B
FCF $474.87M

Earnings

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Sales & Net Margins

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Earnings	-$13.96M
EBIT	$6.44M
ROE	-1%
ROA	0%
FCF	$474.87M
Equity	$1.75B
Growth Stability	1
PE	-2.71K
PB	21.6
P/FCF	79.68
P/S	15.1
Price/Cash	0.01
Debt/Equity	0.26
Debt/FCF	0.96
Net Margins	-0%
Gross Margins	85%
Op. Margins	0%
Sales Growth YoY	20%
Sales Growth QoQ	5%
Sales CAGR	35%
FCF CAGR	72%
Equity CAGR	36%
Earnings Growth YoY	-249%
Earnings Growth QoQ	-156%

Sales CAGR 5Y	34%
FCF CAGR 5Y	76%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	26%
Sales CAGR 3Y	26%
FCF CAGR 3Y	32%
Equity CAGR 3Y	31%
Market Cap	$37.84B
Revenue	$2.51B
Assets	$3.56B
Total Debt	$457.67M
Cash	$414.11M
Shares Outstanding	51.02M
EV	37.88B
Moat Score	21%
Safety Score	96%
Working Capital	950.16M
Current Ratio	1.64
Gross Profit	$2.13B
Shares Growth 3y	3%
Equity Growth QoQ	9%
Equity Growth YoY	48%

Assets & ROA

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Stockholders Equity & ROE

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HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.

SEC Filings

Direct access to Hubspot Inc (HUBS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Hubspot Inc compare to its competitors?

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Peter Lynch's Chart

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

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Hubspot Inc Discounted Cash Flow

Fully customizable DCF calculator online for Hubspot Inc.

Years

Calculation mode

= $521B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$475M	$816M	$1.4B	$2.4B	$4.1B	$7.1B	$12B	$21B	$36B	$62B	$106B	$1.1T
DCF		$741M	$1.2B	$1.8B	$2.8B	$4.4B	$6.9B	$11B	$17B	$26B	$41B	$408B
Value	$521B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-42%	-25%	-17%	-11%	-12%	-8%	-10%	-6%	-7%	-8%	-0%
ROA	-	-21%	-17%	-5%	-5%	-2%	-2%	-3%	-4%	-5%	0%
ROE	-	-38%	-38%	-19%	-26%	-8%	-11%	-9%	-11%	-13%	-1%

Bad Net Margins (-0.02%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	10.17	5.1	4.33	9.27	1.92	-	-	0.96
Debt over Equity	-	-	-	1.42	1.3	0.52	0.63	0.46	-	-	0.26
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Good Debt/FCF ratio (0.96)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.26)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	57%	49%	39%	37%	32%	31%	47%	33%	25%	34%
Earnings YoY growth	-	-5%	-1%	-13%	61%	-16%	58%	-8%	45%	56%	-
Equity YoY growth	-	10%	-2%	77%	16%	166%	17%	15%	14%	33%	21%
FCF YoY growth	-	-55%	-140%	720%	113%	26%	-34%	307%	12%	35%	76%