(PEGA) Pegasystems - Overview
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 5.633m USD | Total Return: -31.8% in 12m
Industry Rotation: +9.1
Avg Turnover: 69.2M
EPS Trend: 43.2%
Qual. Beats: 0
Rev. Trend: 69.1%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Pegasystems Inc. (PEGA) is a global provider of enterprise software focused on AI-powered workflow automation and customer engagement. The company’s core offering, Pega Infinity, integrates real-time decisioning, customer service management, and low-code application development to streamline complex operational workflows. Its business model has transitioned significantly toward a subscription-based cloud architecture, primarily serving large-scale organizations in the financial services, healthcare, and government sectors.
The company operates within the Application Software sub-industry, where high switching costs often create significant customer retention. Pegasystems utilizes a Situational Layer Cake architecture, a specialized technical approach that allows multinational corporations to manage localized business rules and regulatory requirements within a unified software framework. This modularity is a key differentiator in the Business Process Management (BPM) and Customer Relationship Management (CRM) markets.
To better understand how these operational strengths impact long-term valuation, consider exploring the detailed metrics available on ValueRay. Pegasystems continues to expand its footprint through its direct sales force and strategic partnerships with global technology consultants.
- Subscription revenue growth and cloud transition drive recurring cash flow stability
- Adoption of GenAI Blueprint accelerates enterprise software development and deployment cycles
- Federal and financial services sector spending impacts high-value contract renewals
- Legal outcomes regarding intellectual property litigation influence long-term capital allocation strategy
- Sales force productivity and partner ecosystem expansion dictate market share gains
| Net Income: 340.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.32 > 0.02 and ΔFCF/TA 4.60 > 1.0 |
| NWC/Revenue: 9.44% < 20% (prev 14.45%; Δ -5.01% < -1%) |
| CFO/TA 0.33 > 3% & CFO 513.2m > Net Income 340.8m |
| Net Debt (-386.7m) to EBITDA (214.2m): -1.81 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (178.8m) vs 12m ago -5.29% < -2% |
| Gross Margin: 74.96% > 18% (prev 0.76%; Δ 7.42k% > 0.5%) |
| Asset Turnover: 118.4% > 50% (prev 124.3%; Δ -5.90% > 0%) |
| Interest Coverage Ratio: 643.2 > 6 (EBITDA TTM 214.2m / Interest Expense TTM 302k) |
| A: 0.10 (Total Current Assets 903.9m - Total Current Liabilities 743.4m) / Total Assets 1.55b |
| B: 0.32 (Retained Earnings 491.1m / Total Assets 1.55b) |
| C: 0.14 (EBIT TTM 194.2m / Avg Total Assets 1.44b) |
| D: 0.57 (Book Value of Equity 478.9m / Total Liabilities 845.1m) |
| Altman-Z'' Score: 3.21 = A |
| DSRI: 0.72 (Receivables 315.9m/424.9m, Revenue 1.70b/1.64b) |
| GMI: 1.01 (GM 74.96% / 75.74%) |
| AQI: 1.23 (AQ_t 0.35 / AQ_t-1 0.28) |
| SGI: 1.03 (Revenue 1.70b / 1.64b) |
| TATA: -0.11 (NI 340.8m - CFO 513.2m) / TA 1.55b) |
| Beneish M-Score: -3.20 (Cap -4..+1) = AA |
Over the past week, the price has changed by -1.50%, over one month by -23.52%, over three months by -25.10% and over the past year by -31.78%.
- StrongBuy: 7
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 58.2 | 73.7% |
P/E Forward = 12.3153
P/S = 3.3135
P/B = 8.5166
P/EG = 4.1343
Revenue TTM = 1.70b USD
EBIT TTM = 194.2m USD
EBITDA TTM = 214.2m USD
Long Term Debt = 72.1m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 15.1m USD (from shortTermDebt, last fiscal year)
Debt = 87.3m USD (corrected: LT Debt 72.1m + ST Debt 15.1m)
Net Debt = -386.7m USD (recalculated: Debt 87.3m - CCE 474.0m)
Enterprise Value = 5.25b USD (5.63b + Debt 87.3m - CCE 474.0m)
Interest Coverage Ratio = 643.2 (Ebit TTM 194.2m / Interest Expense TTM 302k)
EV/FCF = 10.60x (Enterprise Value 5.25b / FCF TTM 494.9m)
FCF Yield = 9.43% (FCF TTM 494.9m / Enterprise Value 5.25b)
FCF Margin = 29.11% (FCF TTM 494.9m / Revenue TTM 1.70b)
Net Margin = 20.04% (Net Income TTM 340.8m / Revenue TTM 1.70b)
Gross Margin = 74.96% ((Revenue TTM 1.70b - Cost of Revenue TTM 425.7m) / Revenue TTM)
Gross Margin QoQ = 75.17% (prev 79.48%)
Tobins Q-Ratio = 3.38 (Enterprise Value 5.25b / Total Assets 1.55b)
Interest Expense / Debt = 0.05% (Interest Expense 44.0k / Debt 87.3m)
Taxrate = 17.48% (6.94m / 39.7m)
NOPAT = 160.3m (EBIT 194.2m * (1 - 17.48%))
Current Ratio = 1.22 (Total Current Assets 903.9m / Total Current Liabilities 743.4m)
Debt / Equity = 0.12 (Debt 87.3m / totalStockholderEquity, last quarter 705.9m)
Debt / EBITDA = -1.81 (Net Debt -386.7m / EBITDA 214.2m)
Debt / FCF = -0.78 (Net Debt -386.7m / FCF TTM 494.9m)
Total Stockholder Equity = 678.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 23.72% (Net Income 340.8m / Total Assets 1.55b)
RoE = 50.21% (Net Income TTM 340.8m / Total Stockholder Equity 678.7m)
RoCE = 25.87% (EBIT 194.2m / Capital Employed (Equity 678.7m + L.T.Debt 72.1m))
RoIC = 23.62% (NOPAT 160.3m / Invested Capital 678.7m)
WACC = 10.22% (E(5.63b)/V(5.72b) * Re(10.38%) + D(87.3m)/V(5.72b) * Rd(0.05%) * (1-Tc(0.17)))
Discount Rate = 10.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 24.44 | Cagr: -0.01%
[DCF] Terminal Value 74.69% ; FCFF base≈441.3m ; Y1≈544.5m ; Y5≈928.9m
[DCF] Fair Price = 67.56 (EV 10.90b - Net Debt -386.7m = Equity 11.29b / Shares 167.1m; r=10.22% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 43.25 | EPS CAGR: 121.3% | SUE: -0.64 | # QB: 0
Revenue Correlation: 69.13 | Revenue CAGR: 12.73% | SUE: -0.95 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.43 | Chg30d=-4.84% | Revisions=-23% | Analysts=12
EPS next Quarter (2026-09-30): EPS=0.59 | Chg30d=+13.96% | Revisions=+67% | Analysts=12
EPS current Year (2026-12-31): EPS=2.71 | Chg30d=-0.15% | Revisions=-8% | GrowthEPS=+29.2% | GrowthRev=+13.2%
EPS next Year (2027-12-31): EPS=3.04 | Chg30d=+0.04% | Revisions=+8% | GrowthEPS=+12.1% | GrowthRev=+12.1%
[Analyst] Revisions Ratio: +67%