MongoDB logged a -2.1% change during today's afternoon session, and is now trading at a price of $390.8 per share.
MongoDB, Inc. provides general purpose database platform worldwide. Based in New York, NY, the large-cap Technology company has 4,527 full time employees. MongoDB has not offered a dividend during the last year.
An Exceptionally Strong Balance Sheet:
| 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | |
|---|---|---|---|---|
| Revenue (MM) | $422 | $590 | $874 | $1,284 |
| Gross Margins | 70.3% | 70.0% | 70.3% | 72.8% |
| Operating Margins | -35.1% | -35.4% | -33.1% | -27.0% |
| Net Margins | -41.62% | -45.22% | -35.12% | -26.9% |
| Net Income (MM) | -$176 | -$267 | -$307 | -$345 |
| Net Interest Expense (MM) | -12 | -52 | -10 | 15 |
| Net Interest Expense (MM) | -$12 | -$52 | -$10 | $15 |
| Depreciation & Amort. (MM) | -$20 | -$25 | -$24 | -$29 |
| Earnings Per Share | -$3.14 | -$4.53 | -$4.75 | -$4.67 |
| EPS Growth | n/a | -44.27% | -4.86% | 1.68% |
| Diluted Shares (MM) | 56 | 59 | 65 | 71 |
| Free Cash Flow (MM) | -$33 | -$54 | -$1 | -$20 |
| Capital Expenditures (MM) | -$4 | -$12 | -$8 | -$7 |
| Net Current Assets (MM) | -$133 | -$271 | $335 | $387 |
| Current Ratio | 4.59 | 3.22 | 4.02 | 3.8 |
| Long Term Debt (MM) | $911 | $938 | $1,137 | $1,140 |
| LT Debt to Equity | 11.0 | -186.32 | 1.7 | 1.54 |
MongoDB has growing revenues and increasing reinvestment in the business, an excellent current ratio, and wider gross margins than its peer group. However, MongoDB has consistently poor operating margins with a positive growth rate, declining EPS growth, and negative and highly variable cash flows.
MongoDB does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $2.11, the company has a forward P/E ratio of 151.2. In comparison, the average P/E ratio for the Technology sector is 27.16. Furthermore, MongoDB is likely overvalued compared to the book value of its equity, since its P/B ratio of 34.78 is higher than the sector average of 6.23.
MongoDB Has an Average Rating of Buy:
The 24 analysts following MongoDB have set target prices ranging from $210.0 to $490.0 per share, for an average of $392.54 with a buy rating. As of April 2023, the company is trading -18.7% away from its average target price, indicating that there is an analyst consensus of some upside potential.
MongoDB has an average amount of shares sold short because 6.2% of the company's shares are sold short. Institutions own 92.9% of the company's shares, and the insider ownership rate stands at 3.5%, suggesting a large amount of insider shareholders. The largest shareholder is Price (T.Rowe) Associates Inc, whose 11% stake in the company is worth $2,967,733,544.
