Progress Software Corp
NASDAQ:PRGS

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Progress Software Corp Logo
Progress Software Corp
NASDAQ:PRGS
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Price: 67.75 USD -0.46%
Market Cap: 2.9B USD
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Intrinsic Value

The intrinsic value of one PRGS stock under the Base Case scenario is 91.9 USD. Compared to the current market price of 67.75 USD, Progress Software Corp is Undervalued by 26%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

PRGS Intrinsic Value
91.9 USD
Undervaluation 26%
Intrinsic Value
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Base Case
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Progress Software Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Progress Software Corp

Current Assets 388.6m
Cash & Short-Term Investments 232.7m
Receivables 122.8m
Other Current Assets 33m
Non-Current Assets 1.2B
PP&E 25.4m
Intangibles 1.1B
Other Non-Current Assets 88.4m
Current Liabilities 314.9m
Accounts Payable 10.8m
Accrued Liabilities 77.7m
Other Current Liabilities 226.5m
Non-Current Liabilities 879.4m
Long-Term Debt 795.3m
Other Non-Current Liabilities 84.1m
Efficiency

Earnings Waterfall
Progress Software Corp

Revenue
715.4m USD
Cost of Revenue
-127.6m USD
Gross Profit
587.8m USD
Operating Expenses
-447.9m USD
Operating Income
139.9m USD
Other Expenses
-57.3m USD
Net Income
82.6m USD

Free Cash Flow Analysis
Progress Software Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Progress Software exceeded its Q3 guidance with a 2% revenue increase to $179 million and a 17% boost in EPS, reaching $1.26. The company announced an $875 million all-cash acquisition of ShareFile, expected to finalize by fiscal year-end, aiming to add $240 million in annual revenue. Full-year guidance projects revenue between $745 million and $755 million, with EPS of $4.75 to $4.85. The SEC concluded its MOVEit vulnerability investigation with no enforcement action. Progress plans to suspend its quarterly cash dividend post-ShareFile acquisition to prioritize debt repayment and enable future acquisitions.

What is Earnings Call?
Fundamental Scores

PRGS Profitability Score
Profitability Due Diligence

Progress Software Corp's profitability score is 63/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive 3-Year Average ROE
Positive Operating Income
63/100
Profitability
Score

Progress Software Corp's profitability score is 63/100. The higher the profitability score, the more profitable the company is.

PRGS Solvency Score
Solvency Due Diligence

Progress Software Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Average Interest Coverage
Average D/E
44/100
Solvency
Score

Progress Software Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

PRGS Price Targets Summary
Progress Software Corp

Wall Street analysts forecast PRGS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PRGS is 73.03 USD with a low forecast of 65.65 USD and a high forecast of 81.9 USD.

Lowest
Price Target
65.65 USD
3% Downside
Average
Price Target
73.03 USD
8% Upside
Highest
Price Target
81.9 USD
21% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
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Growth 10Y
Dividend Safety Score
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Safe
0
25
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100
Shareholder Yield

Current shareholder yield for PRGS is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
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Buyback Yield
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Debt Paydown Yield
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Profile

Progress Software Corp Logo
Progress Software Corp

Country

United States of America

Industry

Technology

Market Cap

2.9B USD

Dividend Yield

1.03%

Description

Progress Software Corp. is a global software company, which engages in the provision of a products that develops and deploys mission-critical business applications. The company is headquartered in Burlington, Massachusetts and currently employs 2,103 full-time employees. Its product category includes digital experience, Devops, Infrastructure Monitoring, UI/UX Tools, Secure File Transfer, Secure Data Connectivity and Integration, Mission- Critical App Platform and Intelligent Decisioning. Its services consist of consulting, education, modernization and outsourcing. Its products are sold as perpetual licenses and its cloud-based offerings use a subscription-based model. Its indirect channel partners are independent software vendors (ISVs), original equipment manufacturers (OEMs), distributors and resellers. The company operates in the North America and Latin America (the Americas), Europe, the Middle East and Africa (EMEA) and the Asia Pacific region, through local subsidiaries as well as independent distributors.

Contact

MASSACHUSETTS
Burlington
15 Wayside Rd, Suite 400
+17812804000.0
www.progress.com

IPO

1991-07-30

Employees

2 103

Officers

CEO, President & Director
Mr. Yogesh K. Gupta
Executive VP & CFO
Mr. Anthony Folger
Executive VP & GM of Application & Data Platform
Mr. John Ainsworth
Executive VP & GM of Digital Experience
Ms. Loren Weinberg Jarrett
Executive VP & GM of Infrastructure Management
Mr. Sundar Subramanian
Chief Accounting Officer
Mr. Domenic Lococo
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Executive VP & Chief Information Officer
Mr. Ian Pitt
Directory of Treasury & Investor Relations
Mr. Brian Flanagan
Executive Vice President, Chief Legal Officer & Secretary
Ms. YuFan Wang
Executive Vice President of Marketing
Ms. Jennifer Ortiz
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See Also

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What is the Intrinsic Value of one PRGS stock?

The intrinsic value of one PRGS stock under the Base Case scenario is 91.9 USD.

Is PRGS stock undervalued or overvalued?

Compared to the current market price of 67.75 USD, Progress Software Corp is Undervalued by 26%.

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