Jamf Holding Corp.

Technology
Computer Software: Prepackaged Software
www.jamf.com

Moat Score
Safety Score

Market Cap $1.46B
PE -21
Debt $369.51M
Cash $228.34M
EV $1.60B
FCF $22.18M

Earnings

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Sales & Net Margins

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Earnings	-$68.46M
EBIT	-$64.76M
ROE	-10%
ROA	-4%
FCF	$22.18M
Equity	$715.98M
Growth Stability	1
PE	-21.28
PB	2.03
P/FCF	65.67
P/S	2.32
Price/Cash	0.16
Debt/Equity	0.52
Debt/FCF	16.66
Net Margins	-11%
Gross Margins	77%
Op. Margins	-10%
Sales Growth YoY	8%
Sales Growth QoQ	2%
Sales CAGR	30%
FCF CAGR	-7%
Equity CAGR	5%
Earnings Growth YoY	-6%
Earnings Growth QoQ	34%

Sales CAGR 5Y	31%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	18%
Sales CAGR 3Y	18%
FCF CAGR 3Y	-22%
Equity CAGR 3Y	1%
Market Cap	$1.46B
Revenue	$627.40M
Assets	$1.58B
Total Debt	$369.51M
Cash	$228.34M
Shares Outstanding	128.02M
EV	1.6B
Moat Score	6%
Safety Score	75%
Working Capital	3.3M
Current Ratio	1.01
Gross Profit	$486.07M
Shares Growth 3y	3%
Equity Growth QoQ	-1%
Equity Growth YoY	-0%

Assets & ROA

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Stockholders Equity & ROE

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Jamf Holding Corp is the standard in Apple Enterprise Management, and its cloud software platform is the vertically focused Apple infrastructure and security platform. The company helps organizations, including businesses, hospitals, schools and government agencies, connect, manage and protect Apple products, apps and corporate resources in the cloud without ever having to touch the devices. It sells its Software-as-a-Service, or SaaS, solutions via a subscription model, through a direct sales force, online and indirectly via its channel partners, including Apple. The company operates in The Americas; Europe, the Middle East, India, and Africa; and Asia Pacific.

SEC Filings

Direct access to Jamf Holding Corp. (JAMF) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 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 Jamf Holding Corp. compare to its competitors?

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Peter Lynch's Chart

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

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Jamf Holding Corp. Discounted Cash Flow

Fully customizable DCF calculator online for Jamf Holding Corp..

Years

Calculation mode

= $140M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$22M	$21M	$19M	$18M	$17M	$15M	$14M	$13M	$12M	$12M	$11M	$107M
DCF		$19M	$16M	$13M	$11M	$9.6M	$8.1M	$6.8M	$5.8M	$4.9M	$4.1M	$41M
Value	$140M

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-25%	-16%	-8%	-21%	-30%	-20%	-11%	-11%
ROA	-	-	-1%	-5%	-9%	-7%	-4%	-4%
ROE	-	-	-3%	-10%	-20%	-15%	-10%	-10%

Bad Net Margins (-10.91%)

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	0	6.53	4.43	11.11	16.66	16.66
Debt over Equity	0.32	0.4	0	0.49	0.52	0.51	0.52	0.52
Growth Stability	-	-	-	-	-	-	-	1

Bad Debt/FCF ratio (16.66)

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

Good Debt/Equity ratio (0.52)

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	39%	32%	36%	31%	17%	12%	31%
Earnings YoY growth	-	-10%	-30%	230%	88%	-22%	-38%	-
Equity YoY growth	-	-5%	62%	-9%	-5%	2%	-0%	2%
FCF YoY growth	-	-27%	926%	15%	48%	-60%	-33%	-7%