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SPS Commerce, Inc. (SPSC)

Fair bewertet
TechnologySoftware - ApplicationUnited States

Fundamental

71

Kurs

$84.20

Marktkapitalisierung

$2.97B

Teil 1 · Was das Unternehmen wert ist

Übersicht

SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations. The company also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and relationship management product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

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Who this company fights with for the same customers

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Bilanz & Liquidität

Umsatz

$772M

Letzte 12 Monate (bis 30.6.2026)

Nettogewinn

$78M

Letzte 12 Monate (bis 30.6.2026)

Freier Cashflow

$152M

Gesamtes Eigenkapital

$974M

Gesamtverbindlichkeiten

$196M

Current Ratio

2.26

Zinsdeckungsgrad

-

Schulden/EBITDA

0.05

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Allgemeiner FallFair bewertet

Innerer Wert

$79.00

Aktueller Kurs

$84.20

Sicherheitsmarge

-6.6%

Innerer-Wert-Spanne

$51.35 - $106.65

Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.

Bewertungsmethoden

Kursziel der Analysten:$75.45
Diskontierter Cashflow (DCF):$151.34
Gewinnmultiplikator (P/E):$32.57
Graham-Wachstumsformel:$68.13
Ertragskraftwert (EPV):$26.29
Gerechtfertigtes P/B:$26.03
Dividendendiskontierung (Gordon):Nicht genügend Daten zur Berechnung
P/FFO, Funds from Operations:$50.86
Gewinn im Zyklusmittel:$35.71
Umsatzmultiplikator:$103.93
Analystenkonsens:Kaufen (8B / 10H / 1S)
Letzte Gewinnüberraschung:+13.79%

Bewertungskennzahlen

P/E-Verhältnis

40.48

ROE

9.6%

P/B-Verhältnis

3.23

P/FCF

15.26

Bruttomarge

69.8%

ROIC

8.0%

Rentabilitäts-Radar

Wertschöpfung (Wettbewerbsvorteil)

ROIC

8.0%

WACC

8.1%

ROIC − WACC

-0.1 pp

Der ROIC liegt etwa auf Höhe der Kapitalkosten: Das Unternehmen deckt gerade eben seine Kapitalkosten.

Fundamentalanalyse-Kriterien

Bestanden (19)

  • EPS shows upward trend
  • EPS CAGR 20.17%
  • Price CAGR 8.81%
  • ROIC 8.0%
  • Gross Margin 69.8%
  • P/FCF 15.26
  • Debt/Equity ratio
  • Operating Margin 12.8%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 8.1%
  • Revenue Growth 5Y 19.2%
  • Earnings Surprise avg 10.5%
  • Earnings Quality (OCF/NI) 2.92
  • Share Dilution 0.5%
  • Piotroski F-Score 8/9

Nicht bestanden (7)

  • P/B Ratio 3.23
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 42% Buy
  • PEG Ratio 2.68
  • Net Margin Trend 10.1% vs 11.8%

Nicht verfügbar (2)

  • Dividend Payout NaN%
  • Interest Coverage

Piotroski F-Score

8/9

Starke finanzielle Gesundheit

score
criteria

Gewinnqualität

2.92

Hohe Qualität: Gewinne durch Cashflow gedeckt

Aktienverwässerung

0.5%

Aktienanzahl ist stabil

Institutionelle Beteiligungen

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. Chadwick CollinsCEO & Director48
Mr. Jamie ThingelstadExecutive VP & CTO53
Mr. Eduardo RosiniExecutive VP & Chief Commercial Officer57
Mr. Joseph M. Del Preto IIExecutive VP & CFO50
Ms. Maria PergolinoSenior VP & Chief Marketing Officer-
Ms. Erica KoenigSenior VP & Chief Human Resources Officer-
Mr. Michael SvatekSenior VP & Chief Product Officer-

Prüfungsrisiko

1

Vorstandsrisiko

2

Vergütungsrisiko

2

Aktionärsrechterisiko

2

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Dokumente

  • Jahresbericht (10-K)

    Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.

    Eingereicht am 2026-02-19

    Dokument ansehen
  • Quartalsbericht (10-Q)

    Ein Update zur finanziellen Entwicklung der letzten drei Monate.

    Eingereicht am 2026-07-30

    Dokument ansehen
  • Ad-hoc-Meldung (8-K)

    Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.

    Eingereicht am 2026-07-30

    Dokument ansehen

via SEC EDGAR

Ertragshistorie

via SEC EDGAR

Latest News

Recent headlines for SPSC, sourced from Markets Gazette.

  • 3/10/2026NEGATIVE
    This Supply Chain Network Stock Down 50% Just Saw One Investor Sell Off $34 Million in Shares

    SPS Commerce, a provider of cloud-based supply chain solutions, experienced a significant sell-off as one investor divested $34 million worth of shares. This large transaction, following a prior 50% stock price decline, raises concerns about institutional sentiment and potential future price pressure. Investors will be closely monitoring trading volumes and any further disclosures to gauge the extent of this selling pressure and its impact on the stock's recovery prospects.

  • 2/23/2026POSITIVE
    Fund Builds $40 Million SPS Commerce Stake as Shares Sink 60% Despite 100 Straight Growth Quarters

    SPS Commerce, a cloud-based supply chain software provider, presents a contrasting picture for investors. Despite an outstanding record of 100 consecutive quarters of growth, the stock has plummeted by 60%, creating an apparent disconnect between business performance and market valuation. Against this backdrop, a key development has emerged: an investment fund has seized the opportunity, building a new $40 million stake. This significant institutional investment is a strong vote of confidence. It suggests the fund views the price collapse as overdone and sees long-term intrinsic value in the company's solid business model. For the market, this accumulation could signal that the stock has reached a bottom and may attract other value investors looking for underpriced assets with robust fundamentals.

via Markets Gazette