STOCKROUTINES

Cloudflare, Inc.

Last Updated
Share Price
$66.38
Market Cap
$21.66B
Dividend Yield
0%
EPS
$-0.83
P/E
N/A

CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; Consumer DNS Resolver, a consumer app to browse the Internet; and Consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

0%
Income
  • Revenue $656.43M
  • Gross Profit $509.29M
  • Net Income $-260.31M
  • Gross Margin 77.59%
  • Net Margin -39.66%
Cash Flow
  • Free Cash Flow (FCF) $-43.09M
  • Free Cash Flow To Equity (FCFE) $-413.74M
  • Dividends Paid $0
  • Debt Repayment $-370.65M
  • Net Stock Repurchased $189K
Balance Sheet
  • Shareholder Equity $815.8M
  • Debt To Equity (D/E) 190.77%
  • Book Value $815.8M
  • Book Value Per Share (BVPS) $0
  • Return On Invested Capital (ROIC) -11.07%
The financial metrics for Cloudflare, Inc. presented below are for the financial year 2021.
P/E -158.9 Price To Earnings Ratio
P/S 63.01 Price To Sales Ratio
P/B 50.7 Price To Book Ratio
P/CF 639.81 Price To Operating Cash Flow Ratio
P/FCF -959.91 Price To Free Cash Flow Ratio
P/FCFE -99.97 Price To Levered Free Cash Flow Ratio
P/EBT -166.8 Price To Pre-Tax Income
PEG 2.19 Trailing Price/Earnings To Growth Ratio
EV/Sales 64.5 Enterprise Value To Sales Ratio
EBIT/EV 0 EBIT To Enterprise Value Ratio
EV/EBITDA -320.44 Enterprise Value to EBITDA Ratio
D/E 1.91 Debt To Equity Ratio
ROE -31.89% Return On Equity
ROIC -11.07% Return On Invested Capital
DPR 0% Dividend Payout Ratio
Current Ratio 6.77 Current Liquidity Ratio
EPS Growth -72.51% Earnings Per Share Growth Rate
Graham Number N/A Benjamin Graham's Number
Piotroski Score N/A Piotroski F-Score
Beta N/A Beta Coefficient Value
    2021 2020 2019 2018 2017 2016
Revenue $656.43M$431.06M$287.02M$192.67M$134.91M$84.79M
Cost of Revenue $147.13M$101.06M$63.42M$43.54M$28.79M$23.96M
Gross Profit $509.29M$330M$223.6M$149.14M$106.13M$60.83M
Gross Profit Margin 77.59%76.56%77.9%77.4%78.66%71.74%
Operating Expenses $636.98M$436.77M$331.55M$234.04M$115.86M$77.86M
Research & Development Expenses (R&D) $189.41M$127.14M$90.67M$54.46M$33.65M$23.66M
Selling, General & Administrative Expenses (SG&A) $447.57M$309.63M$240.88M$179.57M$82.21M$54.2M
Other Expenses $0$0$0$0$0$0
Net Income $-260.31M$-119.37M$-105.83M$-87.16M$-10.75M$-17.33M
Net Profit Margin -39.66%-27.69%-36.87%-45.24%-7.97%-20.44%
Operating Income $-127.68M$-106.77M$-107.95M$-84.9M$-9.73M$-17.03M
Other Income & Expenses (Net) $-120.29M$-18.2M$3.23M$-1.19M$15K$-236K
Depreciation & Amortization $66.61M$49.39M$29.48M$18.91M$12.17M$8.36M
Interest Income $1.97M$6.59M$5.79M$1.9M$762K$626K
Interest Expense $49.23M$24.96M$1.11M$992K$862K$654K
Income Tax Expense $12.33M$-5.6M$1.11M$1.08M$1.03M$69K
Effective Tax Rate 0%0%0%0%0%0%
EBITDA $-132.13M$-50.62M$-74.12M$-66.19M$3.32M$-8.26M
EBIT $-198.74M$-100.01M$-103.6M$-85.09M$-8.85M$-16.61M
EBT N/AN/AN/AN/AN/AN/A
Shares Outstanding 314.54M299.77M146.31M237.32M251.09M237.32M
Diluted Shares Outstanding 314.54M299.77M146.31M237.32M251.09M237.32M
EPS $-0.83$-0.4$-0.72$-0.37$-0.04$-0.07
Diluted EPS $-0.83$-0.4$-0.72$-0.37$-0.04$-0.07
    2021 2020 2019 2018 2017 2016
Operating Cash Flow $64.65M$-17.13M$-38.92M$-43.28M$3.17M$-13.32M
Net Income $-260.31M$-119.37M$-105.83M$-87.16M$-10.75M$-17.33M
Depreciation & Amortization $66.61M$49.39M$29.48M$18.91M$12.17M$8.36M
Deferred Income Tax $8.74M$-6.14M$370K$385K$-135K$-530K
Stock-Based Compensation $90.14M$56.33M$36.63M$27.35M$2.75M$5.7M
Change In Working Capital $3.39M$-61.06M$-12.89M$-11.59M$-5.23M$-11.75M
Other Non-Cash Items $156.09M$63.73M$13.33M$8.84M$4.35M$2.24M
Cash From Investing $-709.32M$-515.27M$-417.64M$-120.8M$9.54M$-15.26M
Purchases Of Investments $-1.59B$-1.27B$-537.38M$-145.27M$-47.09M$-74.89M
Sales / Maturities of Investments $993.23M$840.25M$176.98M$59.25M$79.83M$79.56M
Property, Plant & Equipment Investments $-92.99M$-56.38M$-43.29M$-25.47M$-19.03M$-15.9M
Net Acquisitions $-5.61M$-13.94M$0$0$0$0
Other Investing Activites $-14.7M$-18.19M$-13.95M$-9.31M$-4.17M$-4.03M
Cash From Financing $847.49M$504.91M$570.77M$168.62M$-149K$418K
Debt Repayment $-370.65M$-200K$-255K$-356K$-5.09M$-507K
Dividend Payments $0$0$0$0$0$0
Payout Ratio 0%0%0%0%0%0%
Net Common Stock Repurchased $189K$-10.77M$-570.26M$65K$16K$20K
Common Stock Repurchased $-189K$-157K$-283K$-65K$-16K$-20K
Common Stock Issued $189K$-10.77M$-570.26M$65K$16K$20K
Other Financing Activites $1.22B$494.35M$762K$169.04M$4.96M$945K
Accounts Receivables $-35.85M$-33M$-11.2M$-14.76M$-2.07M$-6.68M
Accounts Payables $2.46M$1.69M$-1.33M$4.39M$-957K$1.25M
Inventory $0$0$0$0$0$0
Other Working Capital $8.98M$-11.13M$-5.46M$-7.33M$-3.48M$-8.03M
Capital Expenditure (CAPEX) $-107.74M$-74.96M$-57.28M$-34.84M$-22.98M$-18.56M
Effect Of Foreign Exchange On Cash $0$0$0$0$0$0
Net Change In Cash $202.81M$-27.49M$114.21M$4.54M$12.56M$-28.16M
Free Cash Flow (FCF) $-43.09M$-92.09M$-96.2M$-78.12M$-19.81M$-31.88M
Free Cash Flow To Equity (FCFE) $-413.74M$-92.29M$-96.45M$-78.48M$-24.9M$-32.38M
    2021 2020 2019 2018 2017
Total Assets $2.37B$1.38B$830.82M$298.38M$163.14M
Total Current Assets $1.95B$1.13B$689.87M$196.74M$92.02M
Cash & Short-Term Investments $1.82B$1.03B$636.95M$160.66M$73.41M
Cash & Cash Equivalents $313.78M$108.89M$138.98M$25.05M$24.44M
Short-Term Investments $1.51B$923.2M$497.97M$135.6M$48.96M
Net Receivables $101.62M$67.04M$35.93M$26.71M$15.19M
Inventory $0$0$0$0$0
Other Current Assets $29.95M$30.82M$16.99M$9.37M$3.43M
Total Non-Current Assets $418.65M$250.7M$140.95M$101.64M$71.12M
Property, Plant & Equipment (PP&E) $314.05M$166.84M$101.47M$73.21M$51.42M
Goodwill & Intangible Assets $24.78M$19.97M$4.11M$4.24M$4.76M
Goodwill $23.53M$17.17M$4.08M$4.08M$4.08M
Intangible Assets $1.25M$2.8M$31K$156K$673K
Long-Term Investments $0$0$0$0$0
Other Non-Current Assets $79.82M$63.89M$35.37M$24.19M$14.94M
Other Assets $0$0$0$0$0
Total Liabilities $1.56B$563.71M$105M$411.88M$222.98M
Total Current Liabilities $288.56M$141.38M$83.88M$61.38M$27.16M
Accounts Payables $26.09M$14.48M$11.46M$14.29M$4.72M
Short-Term Debt $37.29M$255K$0$0$0
Deferred Revenue $116.55M$54.95M$30.84M$16.82M$11.93M
Other Current Liabilities $108.64M$71.69M$41.58M$30.28M$10.51M
Total Non-Current Liabilities $1.27B$422.33M$21.11M$350.51M$195.81M
Long-Term Debt $1.26B$383.27M$0$0$255K
Other Non-Current Liabilities $7.11M$37.17M$20.31M$350.29M$195.35M
Total Debt $1.29B$383.53M$10.51M$10.7M$10.92M
Total Shareholder Equity $815.8M$816.94M$725.83M$-113.5M$-59.83M
Common Stock $321K$304K$294K$85K$79K
Retained Earnings $-680.83M$-420.52M$-301.71M$-195.88M$-108.71M
Accumulated Other Comprehensive Income Loss (AOCL) $-2.65M$163K$-67.19M$-39.9M$-27.74M
Other Shareholder Equity $0$1.24B$1.09B$122.19M$76.54M
Total Investments $0$0$0$0$0
Net Debt $979.43M$274.63M$-128.47M$-14.36M$-13.52M
Book Value $815.8M$816.94M$725.83M$-113.5M$-59.83M

Discounted Cash Flow

Use the Discounted Cash Flow (DCF) tool to estimate the intrinsic value of Cloudflare, Inc. stock.

Assumptions
Forecast Period
Required Return
  Low Mid High
Revenue Growth
FCFE Margin
Perpetual Growth
Terminal P/FCFE
Assumptions

The number of assumptions to make for each forecast.

Forecast Period

The number of years to forecast future cash flows. These future cash flows are used to determine the intrinsic present value for the stock.

It is generally recommended to select a longer period for more established companies with stable financial histories.

Forecast Period

The compounding annual rate of return required, according to your investment objectives. This is used to discount back future cash flows.

Revenue Growth

Estimate the annual compounding revenue growth rate. You can use the historical compounding annual growth rates provided below as a guide.

  • 1 Year 41.94%
  • 3 Years 40.81%
  • 5 Years 39.67%
  • 10 Years 39.67%
Levered Free Cash Flow Margin

Estimate levered free cash flow (FCFE) as a percentage of revenue. You can use the historical margins provided below as a guide.

  • 1 Year -63.03%
  • 3 Years -39.35%
  • 5 Years -35.45%
  • 10 Years -35.45%
Perpetual Growth Rate

Estimate the compounding annual growth rate at which revenues will grow in perpetuity after the forecast period. This is the first method used to calculate the terminal value.

Values of between 2% and 5% are generally recommended.

Price To Levered Free Cash Flow

Estimate the price to levered free cash flow (P/FCFE) for the stock after the forecast period. This is the second method used to calculate the terminal value.

This method for calculating the terminal value can be preferred for shorter forecast periods. You can use the historical rations provided below as a guide.

  • 1 Year -99.97
  • 3 Years -124.23
  • 5 Years -121.72
  • 10 Years -121.72
Chief Executive Officer (CEO) Mr. Matthew Prince
Full-Time Employees 2.44K
Industry Software—Infrastructure
Sector Technology
Country US
Website https://www.cloudflare.com

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