8x8 Inc
NYSE:EGHT
Intrinsic Value
8x8, Inc. engages in the provision of enterprise communication solutions. [ Read More ]
The intrinsic value of one EGHT stock under the Base Case scenario is 9.62 USD. Compared to the current market price of 2.7 USD, 8x8 Inc is Undervalued by 72%.
Valuation Backtest
8x8 Inc
Run backtest to discover the historical profit from buying and selling EGHT stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Solid Performance Amidst Strategic Shift
2024-Q3 Earnings Call
In the fiscal 2024 third quarter, strong operating income and cash flow surpassed guidance, with non-GAAP operating margin reaching 13.4%, above the projected 11-12%, and cash flow from operations hitting $22.4 million. Total quarterly revenue stood at $181 million, service revenue made up $175.1 million, while total annual recurring revenue (ARR) grew 1% to $707 million. Large customer churn impacted small- and mid-market business ARR. Gross margin dipped slightly to 71.6% due to increased lower-margin SMS usage. For fiscal 2024, service revenue is expected to be between $699-$703 million, total revenue between $725.3-$730.3 million, with operating margin target at 12.5-13%, up from 8.4% in the prior fiscal year, and cash flow from operations expected to exceed $70 million. The company plans to deleverage and return $250 million to investors from fiscal 2024 to fiscal 2026.
Balance Sheet Decomposition
8x8 Inc
Current Assets | 302.5m |
Cash & Short-Term Investments | 169.5m |
Receivables | 72.2m |
Other Current Assets | 60.7m |
Non-Current Assets | 524.2m |
PP&E | 94.2m |
Intangibles | 359.3m |
Other Non-Current Assets | 70.8m |
Current Liabilities | 230.5m |
Accounts Payable | 49.5m |
Accrued Liabilities | 47.2m |
Other Current Liabilities | 133.8m |
Non-Current Liabilities | 486.5m |
Long-Term Debt | 408.7m |
Other Non-Current Liabilities | 77.9m |
Earnings Waterfall
8x8 Inc
Revenue
|
733.8m
USD
|
Cost of Revenue
|
-223.2m
USD
|
Gross Profit
|
510.6m
USD
|
Operating Expenses
|
-509.5m
USD
|
Operating Income
|
1.1m
USD
|
Other Expenses
|
-54.6m
USD
|
Net Income
|
-53.4m
USD
|
Free Cash Flow Analysis
8x8 Inc
What is Free Cash Flow?
EGHT Profitability Score
Profitability Due Diligence
8x8 Inc's profitability score is 36/100. The higher the profitability score, the more profitable the company is.
Score
8x8 Inc's profitability score is 36/100. The higher the profitability score, the more profitable the company is.
EGHT Solvency Score
Solvency Due Diligence
8x8 Inc's solvency score is 22/100. The higher the solvency score, the more solvent the company is.
Score
8x8 Inc's solvency score is 22/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
EGHT Price Targets Summary
8x8 Inc
According to Wall Street analysts, the average 1-year price target for EGHT is 4.36 USD with a low forecast of 2.02 USD and a high forecast of 7.35 USD.
Ownership
EGHT Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
---|---|---|---|
3 Months |
|
|
|
6 Months |
|
|
|
9 Months |
|
|
|
12 Months |
|
|
|
Shareholder Return
EGHT Price
8x8 Inc
Average Annual Return | -12.41% |
Standard Deviation of Annual Returns | 68.29% |
Max Drawdown | -94% |
Market Capitalization | 332.7m USD |
Shares Outstanding | 123 421 000 |
Percentage of Shares Shorted | 27.58% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
8x8, Inc. engages in the provision of enterprise communication solutions. The company is headquartered in Campbell, California and currently employs 1,696 full-time employees. The firm's solutions are delivered through a software as a service (SaaS) business model. The firm's 8x8 open communications platform is a highly available, fully redundant solution, supported by a single, standard and financially backed service-level agreement across unified communications as a service (UCaaS) and contact center as a service (CCaaS). Through its integrated technology platform, the Company offer its customers a portfolio of voice, video, contact center, chat and team collaboration, communication application programming interface (APIs) and business analytics solutions which include 8x8 Work, 8x8 Contact Center, 8x8 Meet, 8x8 Team Messaging, 8x8 CPaaS, and 8x8 X Series. 8x8 Work is a self-contained, feature-rich, end-to-end United Communications solution that delivers enterprise voice with public switched telephone network (PSTN) connectivity.
Contact
IPO
Employees
Officers
The intrinsic value of one EGHT stock under the Base Case scenario is 9.62 USD.
Compared to the current market price of 2.7 USD, 8x8 Inc is Undervalued by 72%.