Okta, Inc.

Technology
Computer Software: Prepackaged Software
www.okta.com

Moat Score
Safety Score

Market Cap $14.31B
PE -367
Debt $858.00M
Cash $318.00M
EV $14.85B
FCF $628.00M

Earnings

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Sales & Net Margins

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Earnings	-$39.00M
EBIT	-$29.00M
ROE	-1%
ROA	-0%
FCF	$628.00M
Equity	$6.27B
Growth Stability	1
PE	-366.93
PB	2.28
P/FCF	22.79
P/S	5.65
Price/Cash	0.02
Debt/Equity	0.14
Debt/FCF	1.37
Net Margins	0%
Gross Margins	76%
Op. Margins	-1%
Sales Growth YoY	14%
Sales Growth QoQ	3%
Sales CAGR	44%
FCF CAGR	45%
Equity CAGR	87%
Earnings Growth YoY	-120%
Earnings Growth QoQ	-45%

Sales CAGR 5Y	39%
FCF CAGR 5Y	61%
Equity CAGR 5Y	82%
Earnings CAGR 3Y	26%
Sales CAGR 3Y	26%
FCF CAGR 3Y	251%
Equity CAGR 3Y	4%
Market Cap	$14.31B
Revenue	$2.53B
Assets	$9.01B
Total Debt	$858.00M
Cash	$318.00M
Shares Outstanding	168.78M
EV	14.85B
Moat Score	21%
Safety Score	96%
Working Capital	769M
Current Ratio	1.34
Gross Profit	$1.93B
Shares Growth 3y	4%
Equity Growth QoQ	2%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Okta sells solutions for identity and access management. Its workforce offerings contain products to protect and enable employees, contractors, and partners, while customer identity and access products securely enable an organizations' customers to use applications. Okta's software solutions are cloud-delivered, and its integration network gives customers security protection and access across a wide variety of applications that are critical to business and government needs. The California-based company went public in 2017.

SEC Filings

Direct access to Okta, Inc. (OKTA) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31
2023
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31
2022
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31

Sector Comparison

How does Okta, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Okta, 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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Okta, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Okta, Inc..

Years

Calculation mode

= $141B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$628M	$913M	$1.3B	$1.9B	$2.8B	$4.1B	$5.9B	$8.6B	$13B	$18B	$26B	$264B
DCF		$830M	$1.1B	$1.4B	$1.9B	$2.5B	$3.3B	$4.4B	$5.8B	$7.7B	$10B	$102B
Value	$141B

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	01/2016	01/2017	01/2018	01/2019	01/2020	01/2021	01/2022	01/2023	01/2024	TTM
Net Margins	-89%	-52%	-44%	-31%	-36%	-32%	-65%	-44%	-16%	0%
ROA	-	-64%	-31%	-14%	-10%	-6%	-8%	-9%	-4%	-0%
ROE	-	34%	-70%	-50%	-52%	-38%	-14%	-15%	-6%	-1%

Bad Net Margins (0.26%)

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	01/2016	01/2017	01/2018	01/2019	01/2020	01/2021	01/2022	01/2023	01/2024	TTM
Debt over FCF	-	-	-0	-58.55	23.35	15.37	19.95	29.64	2.29	1.37
Debt over Equity	-	-	0	1.08	2.31	2.54	0.31	0.4	0.2	0.14
Growth Stability	-	-	-	-	-	-	-	-	-	1

Good Debt/FCF ratio (1.37)

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 (0.14)

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	01/2016	01/2017	01/2018	01/2019	01/2020	01/2021	01/2022	01/2023	01/2024	CAGR 5Y
Revenue YoY growth	-	87%	62%	54%	47%	43%	56%	43%	22%	39%
Earnings YoY growth	-	9%	37%	10%	66%	27%	219%	-4%	-56%	-
Equity YoY growth	-	35%	-167%	54%	61%	71%	753%	-8%	8%	82%
FCF YoY growth	-	6%	-34%	-85%	-966%	186%	-20%	-19%	581%	61%