Model N, Inc.
MODN
Services-Computer Programming, Data Processing, Etc.
Mkt Cap
$1.166BPE
4448.89Debt
$281.2MCash
$334.6MEV
$1.112BFCF
$60.06MP/E Ratio
4448.89Debt
$281.2MCash
$334.6MEV
$1.112BFCF
$60.06MCharts data: {"Earnings":[{"time":"2014-09-29","value":-20881000},{"time":"2015-09-29","value":-19639000},{"time":"2016-09-29","value":-33111000},{"time":"2017-09-29","value":-39547000},{"time":"2018-09-29","value":-28207000},{"time":"2019-09-29","value":-19293000},{"time":"2020-09-29","value":-13664000},{"time":"2021-09-29","value":-29737000},{"time":"2022-09-29","value":-28635000},{"time":"2023-09-29","value":-33922000}],"Sales":[{"time":"2014-09-29","value":81756000},{"time":"2015-09-29","value":93768000},{"time":"2016-09-29","value":106971000},{"time":"2017-09-29","value":131169000},{"time":"2018-09-29","value":154632000},{"time":"2019-09-29","value":141235000},{"time":"2020-09-29","value":161056000},{"time":"2021-09-29","value":193445000},{"time":"2022-09-29","value":219164000},{"time":"2023-09-29","value":249463000}],"Net Margins":[{"time":"2014-09-29","value":-0.25540633103380794},{"time":"2015-09-29","value":-0.20944245371555328},{"time":"2016-09-29","value":-0.3095324901141431},{"time":"2017-09-29","value":-0.30149654262821246},{"time":"2018-09-29","value":-0.18241373066376945},{"time":"2019-09-29","value":-0.1366021170389776},{"time":"2020-09-29","value":-0.08484005563282336},{"time":"2021-09-29","value":-0.15372328051901057},{"time":"2022-09-29","value":-0.13065558212115128},{"time":"2023-09-29","value":-0.13598008522305913}],"Assets":[{"time":"2014-09-29","value":129131000},{"time":"2015-09-29","value":121970000},{"time":"2016-09-29","value":112967000},{"time":"2017-09-29","value":171936000},{"time":"2018-09-29","value":166153000},{"time":"2019-09-29","value":169593000},{"time":"2020-09-29","value":320290000},{"time":"2021-09-29","value":363790000},{"time":"2022-09-29","value":392247000},{"time":"2023-09-29","value":500095000}],"Stockholders Equity":[{"time":"2014-09-29","value":88964000},{"time":"2015-09-29","value":83062000},{"time":"2016-09-29","value":66202000},{"time":"2017-09-29","value":41261000},{"time":"2018-09-29","value":40034000},{"time":"2019-09-29","value":52722000},{"time":"2020-09-29","value":124671000},{"time":"2021-09-29","value":123518000},{"time":"2022-09-29","value":134621000},{"time":"2023-09-29","value":115463000}],"ROE":[{"time":"2014-09-29","value":-0.23471291758464097},{"time":"2015-09-29","value":-0.23643784161228962},{"time":"2016-09-29","value":-0.5001510528382829},{"time":"2017-09-29","value":-0.9584595622985386},{"time":"2018-09-29","value":-0.7045761103062397},{"time":"2019-09-29","value":-0.36593831796972803},{"time":"2020-09-29","value":-0.10960046843291543},{"time":"2021-09-29","value":-0.2407503359834194},{"time":"2022-09-29","value":-0.21270826988359914},{"time":"2023-09-29","value":-0.29379108458986863}],"ROA":[{"time":"2014-09-29","value":-0.15792489797182707},{"time":"2015-09-29","value":-0.15668607034516685},{"time":"2016-09-29","value":-0.2898191507254331},{"time":"2017-09-29","value":-0.22456611762516285},{"time":"2018-09-29","value":-0.12505341462387076},{"time":"2019-09-29","value":-0.08851190792072786},{"time":"2020-09-29","value":-0.020625058540697492},{"time":"2021-09-29","value":-0.03962175980648176},{"time":"2022-09-29","value":-0.033027658592672475},{"time":"2023-09-29","value":-0.008232435837190934}]}
Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud. It also provides Deal Management, which increases deal conversion and pricing consistency; Deal Intelligence that controls price concessions and determines ideal prices; Channel Management, which provides manufacturers a view of inventory, as well as evaluate price protection and stock rotation, and matching available inventory to quotes; Market Development Fund Management that allows companies to streamline their MDF process and reduce revenue leakage; Rebates Management, which centralizes control of rebate programs; and Channel Data Management that automates the process of collection, cleansing, validation, and standardization of channel partner data, such as POS, inventory, and claims, as well as Payment Management. In addition, the company offers implementation, application, business, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. The company was incorporated in 1999 and is headquartered in San Mateo, California.
DCF
Discounted Cash Flow Valuation of Model N, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $60.06M | $78.07M | $99.33M | $123.6M | $150.4M | $178.8M | $207.6M | $235.3M | $260.1M | $280.3M | $294.4M | $2.944B |
| DCF | $67.89M | $75.11M | $81.27M | $85.99M | $88.89M | $89.75M | $88.45M | $85.03M | $79.69M | $72.76M | $727.6M | |
| Value | $1.542B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth -
Earnings Stability -
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 | 09-2015 | 09-2016 | 09-2017 | 09-2018 | 09-2019 | 09-2020 | 09-2021 | 09-2022 | 09-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -21% | -31% | -30% | -18% | -14% | -8.5% | -15% | -13% | -14% | 0.1% |
| ROA | -16% | -29% | -22% | -13% | -8.9% | -2.1% | -4% | -3.3% | -0.82% | 0.16% |
| ROE | -24% | -50% | -96% | -70% | -37% | -11% | -24% | -21% | -29% | 0.19% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -13.74%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.52%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is -5.25%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +2.09%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -32.12%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +6.81%.
Safety & Stabiliy
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 | 09-2015 | 09-2016 | 09-2017 | 09-2018 | 09-2019 | 09-2020 | 09-2021 | 09-2022 | 09-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | -5.25 | 24.71 | 4.88 | 8.28 | 6.71 | 5.57 | 12.11 | 4.68 |
| Debt Equity | - | - | 1.57 | 1.40 | 0.94 | 0.92 | 1.01 | 1.01 | 2.43 | 2.05 |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | - | - | - | - | - |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 4.68.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -1.79.
What is the Graham’s Stability?
Graham’s Stability measure stands at -.
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 | 09-2016 | 09-2018 | 09-2020 | 09-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 13% | 10% | 16% | 14% | -0.25% |
| Net Income | - | - | - | - | - |
| Stockholders Equity | 8.3% | 24% | -2.5% | -14% | 4.5% |
| FCF | - | 59% | 19% | -4.7% | -71% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +10.04%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -0.25%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +3.76%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +23.6%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +4.51%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +59.1%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -70.99%.