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8x8 Inc
NYSE:EGHT

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8x8 Inc Logo
8x8 Inc
NYSE:EGHT
Watchlist
Price: 2.7 USD -1.46% Market Closed
Updated: Mar 29, 2024

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%.

Key Points:
EGHT Intrinsic Value
Base Case
9.62 USD
Undervaluation 72%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
8x8 Inc

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Fundamental Analysis

Solid Performance Amidst Strategic Shift
2024-Q3 Earnings Call

Solid Performance Amidst Strategic Shift

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

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.

Positive Gross Profit
ROE is Increasing
ROIC is Increasing
Positive 3-Years Revenue Growth
36/100
Profitability
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.

Short-Term Solvency
Long-Term Solvency
Positive Net Debt
High D/E
22/100
Solvency
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

Wall Street analysts forecast EGHT stock price to rise over the next 12 months.

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.

Lowest
Price Target
2.02 USD
25% Downside
Average
Price Target
4.36 USD
62% Upside
Highest
Price Target
7.35 USD
172% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

EGHT Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

EGHT Price
8x8 Inc

1M 1M
-5%
6M 6M
+7%
1Y 1Y
-31%
3Y 3Y
-91%
5Y 5Y
-87%
10Y 10Y
-75%
Annual Price Range
2.7
52w Low
2.24
52w High
4.81
Price Metrics
Average Annual Return -12.41%
Standard Deviation of Annual Returns 68.29%
Max Drawdown -94%
Shares Statistics
Market Capitalization 332.7m USD
Shares Outstanding 123 421 000
Percentage of Shares Shorted 27.58%

EGHT Return Decomposition
Main factors of price return

What is price return decomposition?

EGHT News

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Company Profile

8x8 Inc Logo
8x8 Inc

Country

United States of America

Industry

Technology

Market Cap

332.7m USD

Dividend Yield

0%

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

CALIFORNIA
Campbell
675 Creekside Way
+14087271885.0
http://www.8x8.com/

IPO

1997-07-02

Employees

1 696

Officers

CEO & Director
Mr. Samuel C. Wilson
Chief Financial Officer
Mr. Kevin Kraus
Senior VP & Chief Accounting Officer
Ms. Suzy Seandel
Chief Legal Officer & Corporate Secretary
Mr. Laurence Denny
Chief Product Officer & Chief Innovation Officer
Dr. Hunter Middleton Ph.D.
Chief Technology Officer
Mr. Bryan R. Martin
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Vice President of Investor Relations
Ms. Kate Patterson
Chief Marketing Officer
Mr. Bruno Bertini
Chief Human Resources Officer
Dr. Jeanette Winters
Senior Vice President of Global Network & Development Operations
Mr. Mehdi Salour
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See Also

Discover More
What is the Intrinsic Value of one EGHT stock?

The intrinsic value of one EGHT stock under the Base Case scenario is 9.62 USD.

Is EGHT stock undervalued or overvalued?

Compared to the current market price of 2.7 USD, 8x8 Inc is Undervalued by 72%.