Paycom Reports

Nice beat - company is hitting on all cylinders. From the earnings call transcript:

As a reminder, the fourth quarter was our best quarter in 2014 and therefore was our toughest comparable for the year. So I am particularly proud of this performance. Revenue for the full-year of 2015 was $224.7 million, which represents growth of 49% over 2014. Our retention rate was at least 91% for the fifth year in a row. This milestone underscores our high level of client satisfaction. Craig will go through our financials in detail, later on the call. But I wanted to take a moment to highlight our adjusted EBITDA, which was 21% of total revenue for the full-year of 2015, up from 18% for the full-year 2014.

http://seekingalpha.com/article/3881086-paycom-softwares-pay…

Up 15% after hours…

  • Khleb
9 Likes

Yeh I saw that. The SP has been hit unduly hard when the business is still in overdrive.
Good luck to all holders.
Ant

Revenue for the full-year of 2015 was $224.7 million, which represents growth of 49% over 2014.

So growth of 49% and a current P/E of 47 gives you a PEG of 1. Looks like fair value by the PEG metric.

Oops, just realized that 49% growth was for revenue. What was the profit growth for FY15?

Financial Highlights for the Fourth Quarter of 2015

Total Revenue of $65.1 million represented a 48% increase compared to total revenue of $44.0 million in the same period last year. Recurring revenues of $63.6 million increased 47% from the comparable prior year period, and constituted 98% of total revenues.

GAAP Net Income was $5.2 million, or $0.09 per diluted share, compared to GAAP net income of $2.5 million, or $0.05 per diluted share, in the same period last year.

Adjusted EBITDA1 was $10.5 million, compared to $7.8 million in the same period last year.

Non-GAAP Net Income1 was $6.0 million, or $0.10 per diluted share, compared to $3.1 million, or $0.06 per diluted share, in the same period last year.

Annualized New Recurring Revenue (“ANRR”) was $40.6 million, up from $20.6 million for the same period last year, representing 97% growth.

Cash and Cash Equivalents were $50.7 million as of December 31, 2015.

There was an explanation of the 97% rise in ANRR that normalized it to about 48%.

KC

2 Likes

Khleb, Be a little cautious. Paycom’s price fell from $44 to $22 in the last two months because the PE was 120 or so, even using adjusted figures. Now its only 55 but that’s a very high PE in this market.

Saul

3 Likes

2015 EPS of $0.36 compared to $0.11 in 2014, so 200% growth Y/Y.

Maybe a P/E of 55 is acceptable here(?)

PAYC by the numbers…

http://www.capitalcube.com/blog/index.php/paycom-software-in…