Coupa Software Inc Stock Research

COUP Stock Price

COUP RSI Chart

COUP Valuation

Market Cap

6.2B

Price/Earnings (Trailing)

-18.26

Price/Sales (Trailing)

7.53

EV/EBITDA

-41.97

Price/Free Cashflow

28.76

COUP Price/Sales (Trailing)

COUP Profitability

EBT Margin

-39.21%

Return on Equity

-118.89%

Return on Assets

-10.57%

Free Cashflow Yield

3.48%

COUP Fundamentals

COUP Revenue

Revenue (TTM)

818.1M

Revenue Y/Y

16.96%

Revenue Q/Q

2.95%

COUP Earnings

Earnings (TTM)

-337.4M

Earnings Y/Y

7.16%

Earnings Q/Q

-12.5%

Price Action

Last 7 days

1.2%

Last 30 days

1.5%

Last 90 days

31.7%

Trailing 12 Months

-30.2%

COUP Financial Health

Current Ratio

1.78

COUP Investor Care

Shares Dilution (1Y)

2.67%

Diluted EPS (TTM)

-4.46

Peers (Alternatives to Coupa Software)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.1T	204.1B	13.88%	-8.84%	31.36	10.36	10.38%	-5.25%
ORCL	243.9B	46.1B	3.56%	10.05%	27.73	5.29	11.29%	-14.28%
CRM	196.0B	31.4B	20.16%	-8.53%	942.36	6.25	19.41%	-85.60%
ADBE	176.4B	17.6B	17.89%	-16.99%	37.1	10.02	11.54%	-1.37%
ZM	21.3B	4.4B	-3.42%	-41.14%	205.29	4.85	7.15%	-92.46%
AZPN	12.1B	-	2.72%	32.96%	44.35	17.39	-	-
MID-CAP
PLAN	9.6B	-	-1.97%	16.85%	-45.68	15.19	-	-
MANH	9.5B	767.1M	5.74%	7.00%	73.3	12.32	15.59%	16.73%
GWRE	6.6B	869.9M	13.26%	-16.66%	-33.38	7.62	13.87%	-103.37%
APPN	3.1B	468.0M	2.07%	-32.35%	-20.33	6.55	26.74%	-70.26%
PING	2.4B	308.3M	1.17%	7.67%	-23.16	7.93	13.75%	-237.98%
SMALL-CAP
ZUO	1.2B	383.7M	9.68%	-37.86%	-9.83	3.21	14.43%	-50.89%
YEXT	1.1B	399.9M	27.25%	31.73%	-14.11	2.87	4.73%	8.15%
UPLD	131.1M	317.3M	-29.71%	-77.26%	-1.92	0.41	5.06%	-17.52%

Financials for Coupa Software

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.0%	818	787	755	725	696
Gross Profit	4.6%	490	468	440	412	379
Operating Expenses	5.9%	762	719	682	656	659
S&GA Expenses	7.4%	406	378	351	328	324
R&D Expenses	5.4%	180	171	166	166	172
EBITDA	-18.3%	-134	-113	-104	-	-
EBITDA Margin	-13.7%	-0.16*	-0.14*	-0.14*	-	-
Earnings Before Taxes	2.4%	-320	-328	-347	-371	-398
EBT Margin	6.2%	-0.39*	-0.42*	-0.46*	-	-
Interest Expenses	-39.3%	43.00	70.00	97.00	123	120
Net Income	1.9%	-337	-343	-360	-379	-344
Net Income Margin	5.7%	-0.41*	-0.44*	-0.48*	-	-
Free Cahsflow	23.1%	214	174	186	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.1%	3,194	3,196	3,176	3,193	3,104
Current Assets	2.6%	1,116	1,088	1,036	1,015	898
Cash Equivalents	-1.2%	522	528	494	506	458
Net PPE	9.4%	35.00	32.00	31.00	31.00	30.00
Goodwill	0%	1,515	1,515	1,515	1,515	1,515
Liabilities	1.1%	2,891	2,860	2,826	2,288	2,162
Current Liabilities	4.6%	627	599	571	567	1,100
Shareholder's Equity	-10.6%	284	317	336	894	932
Retained Earnings	-12.3%	-949	-844	-774	-894	-800
Additional Paid-In Capital	6.1%	1,226	1,155	1,103	1,779	1,724
Accumulated Depreciation	8.5%	57.00	53.00	48.00	45.00	-
Shares Outstanding	0.2%	76.00	76.00	76.00	75.00	74.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	23.1%	214	174	186	168	124
Share Based Compensation	6.4%	227	213	205	200	200
Cashflow From Investing	-46.1%	-150	-102	-81.53	-12.66	-945
Cashflow From Financing	-97.0%	1.00	26.00	28.00	28.00	29.00
Dividend Payments	NaN%	0.00	0.00	-	-	-
Buy Backs	Infinity%	80.00	0.00	-	-	-

Risks for COUP

What is the probability of a big loss on COUP?

83.1%

Probability that Coupa Software stock will be more than 20% underwater in next one year

55%

Probability that Coupa Software stock will be more than 30% underwater in next one year.

33.1%

Probability that Coupa Software stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does COUP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Coupa Software was unfortunately bought at previous high price.

Drawdowns

Returns for COUP

Cumulative Returns on COUP

12.7%

5-Year Cumulative Returns

-18.5%

3-Year Cumulative Returns

What are the long-term rolling returns for COUP?

FIve years rolling returns for Coupa Software.

Annualized Returns

Which funds bought or sold COUP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-29	Diametric Capital, LP	new	-	950,040	950,040	0.46%
2023-03-27	Neo Ivy Capital Management	sold off	-100	-10,000	-	-%
2023-03-23	ETF MANAGERS GROUP, LLC	added	16.26	139,695	387,695	0.02%
2023-03-23	MetLife Investment Management, LLC	reduced	-1.95	61,787	254,769	-%
2023-03-17	American Portfolios Advisors	reduced	-59.65	-46,159	32,810	-%
2023-03-13	Crystalline Management Inc.	new	-	6,130,210	6,130,210	3.08%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.06	173,399	675,399	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-20.55	1,000	3,000	-%
2023-02-28	Voya Investment Management LLC	added	0.08	442,664	1,714,660	-%
2023-02-27	Parallax Volatility Advisers, L.P.	new	-	320,243	320,243	-%

Latest Funds Activity

Are funds buying COUP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own COUP

No. of Funds

Coupa Software News

Schedule 13G FIlings of Coupa Software

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	1.7%	1,312,868	SC 13G/A
Feb 14, 2023	viking global investors lp	0.0%	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.46%	7,206,556	SC 13G/A
Feb 01, 2023	blackrock inc.	5.5%	4,190,275	SC 13G
Jan 04, 2023	meritage group lp	0%	0	SC 13D/A
Dec 01, 2022	meritage group lp	5.8%	4,381,483	SC 13D
Jul 15, 2022	meritage group lp	5.7%	4,343,570	SC 13G
Apr 11, 2022	price t rowe associates inc /md/	6.8%	5,142,074	SC 13G/A
Feb 14, 2022	prudential financial inc	-	0	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	13.0%	9,717,297	SC 13G/A

COUP Fair Value

Coupa Software fair value in different scenarios

The table shows the Fair Value estimates for Coupa Software for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	22.89 -	30.62 -	59.50 -	103.90 -	142.58 -
Current Inflation	20.67 -	27.23 -	51.76 -	89.02 -	121.34 -
Very High Inflation	17.96 -	23.17 -	42.70 -	71.91 -	97.11 -

Historical Coupa Software Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Coupa Software

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	15-12G	15-12G
Feb 28, 2023	S-8 POS	Employee Benefits Plan
Feb 28, 2023	S-8 POS	Employee Benefits Plan
Feb 28, 2023	S-8 POS	Employee Benefits Plan
Feb 28, 2023	S-8 POS	Employee Benefits Plan
Feb 28, 2023	S-8 POS	Employee Benefits Plan
Feb 28, 2023	POSASR	POSASR
Feb 28, 2023	POSASR	POSASR
Feb 28, 2023	8-K	Current Report
Feb 28, 2023	4	Insider Trading

Latest Insider Trading transactions for COUP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-28	Tiscornia Anthony D	back to issuer	-	-	-5,714	chief financial officer
2023-02-28	Brennan Michelle	back to issuer	-	-	-804	-
2023-02-28	Brennan Michelle	back to issuer	-	-	-1,038	-
2023-02-28	Riggs Mark	back to issuer	-	-	-6,466	chief customer officer
2023-02-28	Thompson Scott	back to issuer	-	-	-11,751	-
2023-02-28	Glenn Robert	sold	-	-	-13,374	evp global sales
2023-02-28	van Veenendaal Frank	back to issuer	-	-	-2,444	-
2023-02-28	van Veenendaal Frank	back to issuer	-	-	-88,207	-
2023-02-28	Baratta Maurizio	back to issuer	-	-	-6,807	chief accounting officer
2023-02-28	Stansbury Henry Tayloe	back to issuer	-	-	-11,751	-

About Coupa Software

Robert R. Bernshteyn

3080

Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability. Its platform offers procurement, invoicing, expense management, and payment solutions that form the transactional engine for managing a company's business spend; and specialized solutions, including strategic sourcing, contract management, contingent workforce, supplier risk management, supply chain design and planning, treasury management, and spend analysis. It serves businesses in various industries, including healthcare and pharmaceuticals, retail, financial services, manufacturing, and technology. The company markets its platform primarily through a direct sales force. Coupa Software Incorporated was incorporated in 2006 and is headquartered in San Mateo, California.

COUP Income Statement

2022-10-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Revenues:
Total revenues	$ 217,336	$ 185,816	$ 624,810	$ 531,991
Cost of revenues:
Total cost of revenues	87,716	77,620	251,853	236,566
Gross profit	129,620	108,196	372,957	295,425
Operating expenses:
Research and development	49,158	39,990	139,134	125,625
Sales and marketing	111,599	83,779	315,767	237,902
General and administrative	46,248	40,513	130,328	116,139
Total operating expenses	207,005	164,282	585,229	479,666
Loss from operations	(77,385)	(56,086)	(212,272)	(184,241)
Interest expense	(3,547)	(31,130)	(10,642)	(90,854)
Other income (expense), net	393	(1,298)	(4,032)	(2,746)
Loss before provision for (benefit from) income taxes	(80,539)	(88,514)	(226,946)	(277,841)
Provision for (benefit from) income taxes	3,565	(476)	8,957	(2,697)
Net loss	(84,104)	(88,038)	(235,903)	(275,144)
Net loss attributable to redeemable non-controlling interests	(353)	(273)	(1,019)	(790)
Adjustment attributable to redeemable non-controlling interests	924	3,438	6,533	8,673
Net loss attributable to Coupa Software Incorporated	$ (84,675)	$ (91,203)	$ (241,417)	$ (283,027)
Net loss per share, basic, attributable to Coupa Software Incorporated (in dollars per share)	$ (1.11)	$ (1.23)	$ (3.19)	$ (3.85)
Net loss per share, diluted, attributable to Coupa Software Incorporated (in dollars per share)	$ (1.11)	$ (1.23)	$ (3.19)	$ (3.85)
Weighted-average number of shares used in computing net loss per share , basic (in shares)	76,040	74,133	75,635	73,514
Weighted-average number of shares used in computing net loss per share , diluted (in shares)	76,040	74,133	75,635	73,514
Subscription
Revenues:
Total revenues	$ 198,409	$ 164,745	$ 569,549	$ 461,079
Cost of revenues:
Total cost of revenues	65,427	52,279	184,364	154,701
Professional services and other
Revenues:
Total revenues	18,927	21,071	55,261	70,912
Cost of revenues:
Total cost of revenues	$ 22,289	$ 25,341	$ 67,489	$ 81,865

COUP Balance Sheet

2022-10-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2022	Jan. 31, 2022
Current assets:
Cash and cash equivalents	$ 521,598	$ 506,459
Marketable securities	338,530	223,032
Accounts receivable, net of allowances	200,841	226,191
Prepaid expenses and other current assets	30,866	38,270
Deferred commissions, current portion	24,013	21,096
Total current assets	1,115,848	1,015,048
Property and equipment, net	34,998	30,576
Deferred commissions, net of current portion	50,959	48,562
Goodwill	1,514,550	1,514,550
Intangible assets, net	414,338	510,663
Operating lease right-of-use assets	36,518	42,659
Other assets	26,496	31,121
Total assets	3,193,707	3,193,179
Current liabilities:
Accounts payable	4,752	4,610
Accrued expenses and other current liabilities	125,958	79,160
Deferred revenue, current portion	482,145	468,783
Current portion of convertible senior notes, net (Note 8)	2	1,639
Operating lease liabilities, current portion	13,677	12,760
Total current liabilities	626,534	566,952
Convertible senior notes, net (Note 8)	2,161,519	1,614,257
Deferred revenue, net of current portion	34,362	22,655
Operating lease liabilities, net of current portion	22,852	31,172
Other liabilities	45,477	52,481
Total liabilities	2,890,744	2,287,517
Commitments and contingencies (Note 9)
Redeemable non-controlling interests (Note 3)	19,152	12,084
Stockholders’ equity:
Preferred stock, $0.0001 par value per share; 25,000,000 shares authorized at October 31, 2022 and January 31, 2022; zero shares issued and outstanding at October 31, 2022 and January 31, 2022	0	0
Common stock, $0.0001 par value per share; 625,000,000 shares authorized at October 31, 2022 and January 31, 2022; 76,110,711 and 75,060,139 shares issued and outstanding at October 31, 2022 and January 31, 2022, respectively	8	7
Additional paid-in capital	1,225,829	1,778,840
Accumulated other comprehensive income	7,005	9,643
Accumulated deficit	(949,031)	(894,912)
Total stockholders’ equity	283,811	893,578
Total liabilities, redeemable non-controlling interests, and stockholders’ equity	$ 3,193,707	$ 3,193,179