MongoDB logged a -2.4% change during today's afternoon session, and is now trading at a price of $354.86 per share.
MongoDB returned gains of 7.0% last year, with its stock price reaching a high of $439.0 and a low of $135.15. Over the same period, the stock underperformed the S&P 500 index by -4.0%. As of April 2023, the company's 50-day average price was $390.25. 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:
| 2018-03-10 | 2019-04-01 | 2020-03-27 | 2021-03-22 | 2022-03-18 | 2023-03-17 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $166 | $267 | $422 | $590 | $874 | $1,284 |
| Gross Margins | 74.0% | 72.0% | 70.0% | 70.0% | 70.0% | 73.0% |
| Operating Margins | -51% | -37% | -35% | -35% | -33% | -27% |
| Net Margins | -51.0% | -37.0% | -42.0% | -45.0% | -35.0% | -27.0% |
| Net Income (MM) | -$84 | -$99 | -$176 | -$267 | -$307 | -$345 |
| Net Interest Expense (MM) | $1 | -$3 | -$12 | -$52 | -$10 | $15 |
| Depreciation & Amort. (MM) | -$4 | -$6 | -$13 | -$14 | -$14 | -$16 |
| Earnings Per Share | -$3.54 | -$1.9 | -$3.14 | -$4.53 | -$4.62 | -$5.03 |
| EPS Growth | n/a | 46.33% | -65.26% | -44.27% | -1.99% | -8.87% |
| Diluted Shares (MM) | 24 | 52 | 56 | 59 | 66 | 69 |
| Free Cash Flow (MM) | -$43 | -$35 | -$26 | -$31 | $15 | -$6 |
| Capital Expenditures (MM) | -$2 | -$7 | -$4 | -$12 | -$8 | -$7 |
| Net Current Assets (MM) | $162 | $97 | -$133 | -$271 | $335 | $387 |
| Long Term Debt (MM) | $0 | $217 | $911 | $938 | $1,137 | $1,140 |
| LT Debt to Equity | 0.0 | 0.82 | 11.0 | -186.32 | 1.7 | 1.54 |
MongoDB's financial statements include several red flags such as slimmer gross margins than its peers, negative and irregular operating margins with a positive growth rate, and declining EPS growth. Additionally, the firm has an unconvincing cash flow history. On the other hand, the company has an excellent current ratio working in its favor. Furthermore, MongoDB has weak revenue growth and a flat capital expenditure trend.
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 $2.15, the company has a forward P/E ratio of 181.5. 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 31.59 is higher than the sector average of 6.23.
MongoDB Has an Analyst Consensus of Some Upside Potential:
The 25 analysts following MongoDB have set target prices ranging from $210.0 to $490.0 per share, for an average of $396.24 with a buy rating. As of April 2023, the company is trading -1.5% 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 7.1% of the company's shares are sold short. Institutions own 92.2% of the company's shares, and the insider ownership rate stands at 3.58%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 9% stake in the company is worth $2,353,316,093.
