Ncino, Inc.

NCNO

Services-Prepackaged Software

Mkt Cap

$3.438B

PE

-78.98

Debt

Cash

$117.4M

EV

FCF

$53.77M

Market Cap

$3.438B

P/E Ratio

-78.98

Debt

Cash

$117.4M

EV

FCF

$53.77M

Charts data: {"Earnings":[{"time":"2020-01-30","value":-27735000},{"time":"2021-01-30","value":-41270000},{"time":"2022-01-30","value":-50121000},{"time":"2023-01-30","value":-102720000},{"time":"2024-01-30","value":-43526000}],"Sales":[{"time":"2020-01-30","value":138180000},{"time":"2021-01-30","value":204293000},{"time":"2022-01-30","value":273865000},{"time":"2023-01-30","value":408315000},{"time":"2024-01-30","value":476543000}],"Net Margins":[{"time":"2020-01-30","value":-0.20071645679548414},{"time":"2021-01-30","value":-0.20201377433392237},{"time":"2022-01-30","value":-0.18301352856334324},{"time":"2023-01-30","value":-0.25157047867455273},{"time":"2024-01-30","value":-0.09133698323131385}],"Assets":[{"time":"2021-01-30","value":563401000},{"time":"2022-01-30","value":1301014000},{"time":"2023-01-30","value":1327269000},{"time":"2024-01-30","value":1340430000}],"Stockholders Equity":[{"time":"2020-01-30","value":167273000},{"time":"2021-01-30","value":425179000},{"time":"2022-01-30","value":1067625000},{"time":"2023-01-30","value":1024078000},{"time":"2024-01-30","value":1049176000}],"ROE":[{"time":"2020-01-30","value":-0.16580679488022573},{"time":"2021-01-30","value":-0.09706500085846197},{"time":"2022-01-30","value":-0.04694625922023182},{"time":"2023-01-30","value":-0.10030485959077336},{"time":"2024-01-30","value":-0.04148588987929575}],"ROA":[{"time":"2021-01-30","value":-0.0722114444241313},{"time":"2022-01-30","value":-0.05484721916904814},{"time":"2023-01-30","value":-0.0708319112402987},{"time":"2024-01-30","value":-0.029477108092179374}]}

nCino, Inc., a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities. The company's nCino IQ, an application suite that utilizes data analytics and artificial intelligence and machine learning to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring, and managing credit risk, as well as to enhance their ability to comply with regulatory requirements. It also offers SimpleNexus, a suite of products that enables loan officers, borrowers, real estate agents, settlement agents, and others to engage in the homeownership process from internet-enabled device. The company serves financial institution customers, including global financial institutions, enterprise banks, regional banks, community banks, credit unions, new market entrants, and independent mortgage banks through sales team comprising business development representatives, account executives, field sales engineers, and customer success managers. nCino, Inc. was incorporated in 2011 and is headquartered in Wilmington, North Carolina.

Sector

10-Q
10/31/23
10-Q
7/31/23
10-Q
4/30/23
10-K
1/31/23
10-Q
10/31/22
10-Q
7/31/22
10-Q
4/30/22
10-K
1/31/22

DCF

Discounted Cash Flow Valuation of Ncino, Inc.

Calculate

Growth Years

Growth

Start

End

Discount

Start

End

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	$53.77M	$64.92M	$77.24M	$90.55M	$104.6M	$118.9M	$133.2M	$146.9M	$159.3M	$170.1M	$178.6M	$1.786B
DCF		$56.45M	$58.4M	$59.54M	$59.79M	$59.14M	$57.59M	$55.21M	$52.08M	$48.35M	$44.14M	$441.4M
Value	$992.1M

Chart P/E ratio

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.

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

Data are missing

Years	01-2020	01-2021	01-2022	01-2023	01-2024	TTM
Net Margin	-20%	-20%	-18%	-25%	-9.1%	-9.1%
ROA	-	-7.2%	-5.5%	-7.1%	-2.9%	-2.9%
ROE	-17%	-9.7%	-4.7%	-10%	-4.1%	-4.1%

What is the average Net Margin?

The average Net Margin over the past 5 years is -9.13%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is -2.95%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is -4.15%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -.

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.

Data are missing

Years	01-2020	01-2021	01-2022	01-2023	01-2024	TTM
Debt FCF	-	-	-	-	-	-
Debt Equity	-	-	-	-	-	-
MIN
Graham Stability	-	-	-	-	-	-

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

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.

Data are missing

Years	01-2021	01-2023	Trend
Revenue	33%	17%	-7.8%
Net Income	-	-	-
Stockholders Equity	35%	2.5%	-61%
FCF	120%	-	-

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -7.84%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

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 -.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -61.04%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -.