Progress Software Financials

PRGS Stock  USD 68.73  1.62  2.41%   
Based on the measurements of operating efficiency obtained from Progress Software's historical financial statements, Progress Software may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At this time, Progress Software's Cash And Short Term Investments are comparatively stable compared to the past year. Net Receivables is likely to gain to about 188.1 M in 2024, whereas Cash is likely to drop slightly above 127.8 M in 2024. Key indicators impacting Progress Software's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.511.44
Sufficiently Up
Slightly volatile
Current Ratio2.011.08
Way Up
Slightly volatile
The essential information of the day-to-day investment outlook for Progress Software includes many different criteria found on its balance sheet. An individual investor should monitor Progress Software's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Progress Software.

Net Income

84.76 Million

  
Understanding current and past Progress Software Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Progress Software's financial statements are interrelated, with each one affecting the others. For example, an increase in Progress Software's assets may result in an increase in income on the income statement.

Progress Software Earnings Geography

Please note, the imprecision that can be found in Progress Software's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Progress Software. Check Progress Software's Beneish M Score to see the likelihood of Progress Software's management manipulating its earnings.

Progress Software Stock Summary

Progress Software competes with EPlus, Agilysys, Sapiens International, PDF Solutions, and PROS Holdings. Progress Software Corporation develops, deploys, and manages business applications. The company was founded in 1981 and is headquartered in Burlington, Massachusetts. Progress Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 2103 people.
Specialization
Information Technology, Software - Infrastructure
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS7433121008
CUSIP743312100
LocationMassachusetts; U.S.A
Business Address15 Wayside Road,
SectorSoftware
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.progress.com
Phone781 280 4000
CurrencyUSD - US Dollar

Progress Software Key Financial Ratios

Progress Software Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.4B1.4B1.6B1.8B1.9B
Other Current Liab52.0M19.5M17.4M20.8M23.9M46.6M
Net Debt318.5M435.9M384.3M620.1M713.2M748.8M
Retained Earnings39.8M57.8M61.9M120.9M139.0M164.3M
Cash98.0M155.4M256.3M127.0M146.0M127.8M
Net Receivables109.0M125.6M127.0M155.8M179.2M188.1M
Other Current Assets24.0M54.8M42.8M48.0M55.2M60.7M
Total Liab695.8M951.0M1.0B1.1B1.3B1.4B
Total Current Assets238.9M337.8M421.5M330.8M380.4M288.8M
Short Term Debt32.3M41.6M21.2M33.3M38.3M40.3M
Intangible Assets212.7M287.2M217.4M354.3M407.4M427.8M
Accounts Payable10.0M9.7M9.3M12.4M14.2M13.5M
Common Stock306.2M354.7M332.1M438K503.7K478.5K
Other Assets34.6M68.6M27.8M60.1M69.1M72.6M
Good Will491.7M671.2M671.0M832.1M956.9M1.0B
Other Liab24.0M42M70.5M68.1M78.3M82.2M
Long Term Debt364.3M534.5M611.8M710.9M817.5M858.4M
Net Tangible Assets(201.9M)187.1M(545.8M)251.0M225.9M237.2M
Long Term Debt Total284.0M364.3M534.5M611.8M703.6M738.8M

Progress Software Key Income Statement Accounts

The reason investors look at the income statement is to determine what Progress Software's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense10.2M20.0M15.8M30.8M35.4M37.2M
Total Revenue442.2M531.3M602.0M694.4M798.6M838.5M
Gross Profit380.0M452.9M507.5M567.9M653.0M685.7M
Operating Income107.7M116.1M132.1M110.5M127.1M133.5M
Ebit106.8M115.6M133.0M110.5M127.1M72.8M
Ebitda149.5M178.9M214.8M110.5M127.1M92.4M
Cost Of Revenue62.1M78.4M94.5M126.6M145.6M152.8M
Income Before Tax96.6M95.5M117.3M79.7M91.6M49.7M
Net Income79.7M78.4M95.1M70.2M80.7M84.8M
Income Tax Expense16.9M17.1M22.2M9.5M10.9M15.9M
Research Development88.6M103.3M114.6M132.4M152.3M159.9M
Tax Provision16.9M17.1M22.2M9.5M8.5M13.6M
Interest Income1.5M777K1.4M2.5M2.9M1.6M
Net Interest Income(8.7M)(19.3M)(14.4M)(28.2M)(25.4M)(24.1M)

Progress Software Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(10.7M)245K(1.6M)2.5M2.9M3.0M
Change In Cash(67.7M)51.4M94.4M(129.3M)(116.4M)(110.6M)
Free Cash Flow138.3M173.9M186.1M168.4M193.6M203.3M
Depreciation34.8M61.2M76.8M105.3M121.1M127.1M
Other Non Cash Items8.9M10.7M(2.2M)(42.1M)(37.9M)(36.0M)
Capital Expenditures6.5M4.7M6.1M5.6M5.0M7.7M
Net Income79.7M78.4M95.1M70.2M80.7M84.8M
End Period Cash Flow106.0M157.4M251.8M127.0M146.0M148.9M
Change To Netincome33.5M13.1M39.5M10.9M12.6M17.9M
Dividends Paid29.9M31.6M31.1M31.6M28.4M27.2M
Investments11.4M(258.6M)(6.1M)(360.4M)(324.3M)(308.1M)
Net Borrowings179.7M87.2M231.9M602K692.3K657.7K

Progress Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Progress Software's current stock value. Our valuation model uses many indicators to compare Progress Software value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Progress Software competition to find correlations between indicators driving Progress Software's intrinsic value. More Info.
Progress Software is regarded third in return on equity category among its peers. It is regarded fifth in return on asset category among its peers reporting about  0.29  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Progress Software is roughly  3.49 . At this time, Progress Software's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Progress Software by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Progress Software Systematic Risk

Progress Software's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Progress Software volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Progress Software correlated with the market. If Beta is less than 0 Progress Software generally moves in the opposite direction as compared to the market. If Progress Software Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Progress Software is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Progress Software is generally in the same direction as the market. If Beta > 1 Progress Software moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Progress Software Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Progress Software's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Progress Software growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.1)

At this time, Progress Software's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Progress Software November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Progress Software help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Progress Software. We use our internally-developed statistical techniques to arrive at the intrinsic value of Progress Software based on widely used predictive technical indicators. In general, we focus on analyzing Progress Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Progress Software's daily price indicators and compare them against related drivers.

Additional Tools for Progress Stock Analysis

When running Progress Software's price analysis, check to measure Progress Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.