Progress Software Corporation

Progress Software Corporation offers various business applications and tools globally. Products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, Sitefinity, MOVEit, DataDirect, WhatsUp Gold, Flowmon, Corticon, MarkLogic, and Semaphore. The company provides services such as project management, implementation, custom software development, programming, and training. It sells products to end users, independent software vendors, OEMs, system integrators, VARs, and distributors. Founded in 1981, the company is headquartered in Burlington, Massachusetts. Progress Software Corporation offers a range of platforms for developing, deploying, and managing business applications. Its products cater to various industries, including but not limited to, IT, finance, healthcare, and government.

Overview

Sector

Software Infraestructure

Target Price

62.7 USD

Current Price

47.5 USD

Potential

32%

Strengths

Price to free cash flow (10.24) is lower than the sector mean.
Strong EBITDA Margin of 35.17%.

Weaknesses

The company has high debt. Net Debt to EBITDA Ratio (7.03) is higher than the sector mean.
The company have lower returns than the sector in which it operates. ROIC (8.74%) is significantly lower than the sector mean (16.38%).

Key Financial Data

Indicator	Value
PER	30.1
EV/EBITDA	14.8
Price/Free Cash Flow'	10.0
ROIC	8.7%
Net Debt/EBITDA	7.0