Shares Outstanding Shares Outstanding n/a Close	43.11M
Shares Change (YoY) Shares Change (YoY) n/a Close	0.58%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	0%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	99.99%
Shares Floating Shares Floating n/a Close	42.32M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	7,941
FTD / Avg. Volume FTD / Avg. Volume n/a Close	1.25%

Short Selling Information

The latest short interest is 5.6M, so 13.01% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	5.6M
Short % of Shares Out Short % of Shares Out n/a Close	13.01%
Short % of Float Short % of Float n/a Close	19.48%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	16.94

Valuation Ratios

The PE ratio is 43.25 and the forward PE ratio is 9.45. Progress Software's PEG ratio is -17.52.

PE Ratio PE Ratio n/a Close	43.25
Forward PE Forward PE n/a Close	9.45
PS Ratio PS Ratio n/a Close	3.93
Forward PS Forward PS n/a Close	2.3
PB Ratio PB Ratio n/a Close	6.75
P/FCF Ratio P/FCF Ratio n/a Close	14.35
PEG Ratio PEG Ratio n/a Close	-17.52

Financial Ratio History

Enterprise Valuation

Progress Software has an Enterprise Value (EV) of 4.4B.

EV / Sales EV / Sales n/a Close	5.84
EV / EBITDA EV / EBITDA n/a Close	35.51
EV / EBIT EV / EBIT n/a Close	20.82
EV / FCF EV / FCF n/a Close	21.35

Financial Position

The company has a current ratio of 0.81, with a Debt / Equity ratio of 3.56.

Current Ratio Current Ratio n/a Close	0.81
Quick Ratio Quick Ratio n/a Close	0.81
Debt / Equity Debt / Equity n/a Close	3.56
Debt / EBITDA Debt / EBITDA n/a Close	12.59
Debt / FCF Debt / FCF n/a Close	7.57
Interest Coverage Interest Coverage n/a Close	3.87

Financial Efficiency

Return on Equity is 15.6% and Return on Invested Capital is 4.33%.

Return on Equity Return on Equity n/a Close	15.6%
Return on Assets Return on Assets n/a Close	2.71%
Return on Invested Capital Return on Invested Capital n/a Close	4.33%
Revenue Per Employee Revenue Per Employee n/a Close	$267,640.85
Profits Per Employee Profits Per Employee n/a Close	$24,311.9
Employee Count Employee Count n/a Close	2,815
Asset Turnover Asset Turnover n/a Close	0.3
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	25.83M
Effective Tax Rate Effective Tax Rate n/a Close	27.4%

Stock Price Statistics

The stock price has increased by 0.04% in the last 52 weeks. The beta is 0.67, so Progress Software's price volatility has been higher than the market average.

Beta Beta n/a Close	0.67
52-Week Price Change 52-Week Price Change n/a Close	0.04%
50-Day Moving Average 50-Day Moving Average n/a Close	61.66
200-Day Moving Average 200-Day Moving Average n/a Close	61.55
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	25.82
Average Volume (20 Days) Average Volume (20 Days) n/a Close	636,270

Income Statement

In the last 12 months, Progress Software had revenue of 753.41M and earned 68.44M in profits. Earnings per share was 1.58.

Revenue Revenue n/a Close	753.41M
Gross Profit Gross Profit n/a Close	622.93M
Operating Income Operating Income n/a Close	124M
Net Income Net Income n/a Close	68.44M
EBITDA EBITDA n/a Close	124M
EBIT EBIT n/a Close	126.28M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	1.58

Full Income Statement

Balance Sheet

The company has 118.08M in cash and 1.56B in debt, giving a net cash position of -1.44B.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	118.08M
Total Debt Total Debt n/a Close	1.56B
Net Cash Net Cash n/a Close	-1.44B
Retained Earnings Retained Earnings n/a Close	120.41M
Total Assets Total Assets n/a Close	2.46B
Working Capital Working Capital n/a Close	-87.87M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 211.49M and capital expenditures -5.21M, giving a free cash flow of 206.29M.

Operating Cash Flow Operating Cash Flow n/a Close	211.49M
Capital Expenditures Capital Expenditures n/a Close	-5.21M
Free Cash Flow Free Cash Flow n/a Close	206.29M
FCF Per Share FCF Per Share n/a Close	4.77

Full Cash Flow Statement

Margins

Gross margin is 82.68%, with operating and profit margins of 16.46% and 9.08%.

Gross Margin Gross Margin n/a Close	82.68%
Operating Margin Operating Margin n/a Close	16.46%
Pretax Margin Pretax Margin n/a Close	12.51%
Profit Margin Profit Margin n/a Close	9.08%
EBITDA Margin EBITDA Margin n/a Close	16.46%
EBIT Margin EBIT Margin n/a Close	16.46%
FCF Margin FCF Margin n/a Close	27.38%

Dividends & Yields

PRGS pays an annual dividend of $0.7, which amounts to a dividend yield of 1.2%.

Dividend Per Share Dividend Per Share n/a Close	$0.70
Dividend Yield Dividend Yield n/a Close	1.2%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	0%
Payout Ratio Payout Ratio n/a Close	53.85%
Earnings Yield Earnings Yield n/a Close	2.31%
FCF Yield FCF Yield n/a Close	6.97%

Dividend Details

Analyst Forecast

The average price target for PRGS is $75, which is 37.7% higher than the current price. The consensus rating is "Buy".

Price Target Price Target n/a Close	$75
Price Target Difference Price Target Difference n/a Close	37.7%
Analyst Consensus Analyst Consensus n/a Close	Buy
Analyst Count Analyst Count n/a Close	6

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	$7.9
Lynch Upside Lynch Upside n/a Close	-85.49%
Graham Number Graham Number n/a Close	19
Graham Upside Graham Upside n/a Close	-65.11%

Stock Splits

The last stock split was on Jan 31, 2011. It was a forward split with a ratio of 3:2.

Last Split Date Last Split Date n/a Close	Jan 31, 2011
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	3:2

Scores

Altman Z-Score Altman Z-Score n/a Close	1.3
Piotroski F-Score Piotroski F-Score n/a Close	6