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Elastic NV ESTC

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Stock XNYS Rating as of
$105.89 −1.52 (1.42%)
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As of Cboe BZX Real-Time Price Open
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Company Report

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Elastic Is a Diversified Vendor With Offerings Spanning Security, Observability, and Search

Malik Ahmed Khan

We are positive on Elastic's prospects in the full-stack monitoring, security, and search markets. The firm's solutions benefit from secular tailwinds driving an accelerating increase in data for enterprises to secure, search through, and monitor. In our opinion, the firm's sticky product portfolio, broad swath of products that enable clients to conduct a variety of mission-critical tasks, and increased penetration in the enterprise market have enabled Elastic to form a narrow economic moat around its business.

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Price vs Fair Value

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ESTC is trading at a 11% premium.
Price
$102.54
Fair Value
$72.00
Uncertainty
Very High
1-Star Price
$519.00
5-Star Price
$85.00
Economic Moat
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Capital Allocation
Kkmdmxvk

Bulls Say, Bears Say

Bulls

Elastic has strong secular tailwinds as the FSMA and security markets are expected to grow rapidly.

Bears

Elastic competes in a tough FSMA space. Companies like Splunk and Datadog offer competing platforms that have similar features to Elastic's.

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News

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Trading Information

Previous Close Price
$107.41
Day Range
$105.12–108.31
52-Week Range
$54.08–136.03
Bid/Ask
$105.88 / $106.01
Market Cap
$10.67 Bil
Volume/Avg
209,632 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
87.36
Price/Sales
8.78
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
Sector
Technology
Industry
Software - Application
Stock Style Box
Mid Growth
Total Number of Employees
3,161
Website
https://www.elastic.co

Competitors

Valuation

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Metric
ESTC
DDOG
DT
Price/Earnings (Normalized)
 87.3676.3938.52
Price/Book Value
 14.9220.477.20
Price/Sales
 8.7820.6110.15
Price/Cash Flow
 62.2571.3039.93
Price/Earnings
ESTC
DDOG
DT

Financial Strength

Metric
ESTC
DDOG
DT
Quick Ratio
 1.713.081.19
Current Ratio
 1.873.171.34
Interest Coverage
 −3.70−5.86—
Quick Ratio
ESTC
DDOG
DT

Profitability

Metric
ESTC
DDOG
DT
Return on Assets (Normalized)
 6.92%13.70%13.19%
Return on Equity (Normalized)
 26.09%27.61%21.26%
Return on Invested Capital (Normalized)
 13.31%15.11%19.01%
Return on Assets
ESTC
DDOG
DT
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