Procore Technologies, Inc.
PCOR
Services-Prepackaged Software
Mkt Cap
$10.01BPE
-72.96Debt
-Cash
$427.7MEV
-FCF
$121.6MP/E Ratio
-72.96Debt
-Cash
$427.7MEV
-FCF
$121.6MCharts data: {"Earnings":[{"time":"2019-12-30","value":-83107000},{"time":"2020-12-30","value":-99191000},{"time":"2021-12-30","value":-265165000},{"time":"2022-12-30","value":-286931000},{"time":"2023-12-30","value":-189694000}],"Sales":[{"time":"2019-12-30","value":289194000},{"time":"2020-12-30","value":400291000},{"time":"2021-12-30","value":514821000},{"time":"2022-12-30","value":720203000},{"time":"2023-12-30","value":950010000}],"Net Margins":[{"time":"2019-12-30","value":-0.287374565170785},{"time":"2020-12-30","value":-0.24779722751698138},{"time":"2021-12-30","value":-0.5150625168747972},{"time":"2022-12-30","value":-0.39840295027929623},{"time":"2023-12-30","value":-0.19967579288639067}],"Assets":[{"time":"2020-12-30","value":820767000},{"time":"2021-12-30","value":1690657000},{"time":"2022-12-30","value":1740410000},{"time":"2023-12-30","value":1893568000}],"Stockholders Equity":[{"time":"2019-12-30","value":-253758000},{"time":"2020-12-30","value":-272102000},{"time":"2021-12-30","value":1189289000},{"time":"2022-12-30","value":1116780000},{"time":"2023-12-30","value":1155610000}],"ROE":[{"time":"2019-12-30","value":0.3275049456568857},{"time":"2020-12-30","value":0.36453609308274104},{"time":"2021-12-30","value":-0.22296094557336357},{"time":"2022-12-30","value":-0.25692705814932215},{"time":"2023-12-30","value":-0.16415053521516776}],"ROA":[{"time":"2020-12-30","value":-0.07131134658191667},{"time":"2021-12-30","value":-0.16912182660350383},{"time":"2022-12-30","value":-0.16459627329192547},{"time":"2023-12-30","value":-0.09950580068949201}]}
Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides workforce management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.
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DCF
Discounted Cash Flow Valuation of Procore Technologies, 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 | $121.6M | $158.1M | $201.2M | $250.4M | $304.6M | $362.1M | $420.5M | $476.6M | $526.9M | $567.8M | $596.2M | $5.962B |
| DCF | $137.5M | $152.1M | $164.6M | $174.2M | $180.1M | $181.8M | $179.2M | $172.2M | $161.4M | $147.4M | $1.474B | |
| Value | $3.124B | |||||||||||
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 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|
| Net Margin | -29% | -25% | -52% | -40% | -20% | -14% |
| ROA | - | -7.1% | -17% | -16% | -10% | -7.2% |
| ROE | 33% | 36% | -22% | -26% | -16% | -11% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -19.97%.
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 -9.95%.
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 -16.42%.
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.
| Years | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | 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.
| Years | 12-2020 | 12-2022 | Trend |
|---|---|---|---|
| Revenue | 33% | 32% | -0.82% |
| Net Income | - | - | - |
| Stockholders Equity | - | 3.5% | 9.6% |
| FCF | 77% | - | 0% |
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 -0.82%.
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 +9.57%.
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 0%.