Financials Oracle Corporation

Equities

ORCL

US68389X1054

Software

Market Closed - Nyse Other stock markets 04:00:02 2024-05-16 pm EDT			5-day change	1st Jan Change
122.2 ^USD	+0.44%		+4.73%	+15.87%

May. 16	Ampere Computing pairs with Qualcomm on AI, unveils new chip	RE
May. 16	Riversgold to Commence Next Phase of Drilling at Northern Zone Gold Project in Western Australia	MT

Valuation

Fiscal Period: Maggio	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	172,933	169,568	227,050	191,894	286,017	335,758	-	-
Enterprise Value (EV) ¹	191,273	198,108	264,741	245,851	366,311	411,562	403,715	395,130
P/E ratio	17 x	17.5 x	17.3 x	29.8 x	34.5 x	32 x	27.4 x	22.1 x
Yield	1.9%	1.79%	1.32%	1.78%	1.28%	1.25%	1.3%	1.39%
Capitalization / Revenue	4.38 x	4.34 x	5.61 x	4.52 x	5.73 x	6.3 x	5.81 x	5.28 x
EV / Revenue	4.84 x	5.07 x	6.54 x	5.79 x	7.33 x	7.73 x	6.99 x	6.21 x
EV / EBITDA	10.3 x	10.6 x	12.9 x	11.4 x	15.6 x	16 x	13.6 x	11.6 x
EV / FCF	14.8 x	17.1 x	19.3 x	48.9 x	43.2 x	36.6 x	33.4 x	26.8 x
FCF Yield	6.74%	5.84%	5.19%	2.05%	2.31%	2.73%	3%	3.73%
Price to Book	7.6 x	13 x	37.2 x	-34.7 x	268 x	38.3 x	15.6 x	9.23 x
Nbr of stocks (in thousands)	3,417,654	3,153,584	2,883,535	2,668,157	2,699,802	2,748,514	-	-
Reference price ²	50.60	53.77	78.74	71.92	105.9	122.2	122.2	122.2
Announcement Date	6/19/19	6/16/20	6/15/21	6/13/22	6/12/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	39,526	39,072	40,481	42,440	49,954	53,257	57,784	63,640
EBITDA ¹	18,614	18,764	20,537	21,565	23,428	25,709	29,768	34,202
EBIT ¹	17,384	17,382	19,000	19,593	20,902	22,996	25,318	28,354
Operating Margin	43.98%	44.49%	46.94%	46.17%	41.84%	43.18%	43.81%	44.55%
Earnings before Tax (EBT) ¹	12,268	12,063	12,999	7,649	9,126	11,851	14,807	18,150
Net income ¹	11,083	10,135	13,746	6,717	8,503	10,701	12,615	15,679
Net margin	28.04%	25.94%	33.96%	15.83%	17.02%	20.09%	21.83%	24.64%
EPS ²	2.970	3.080	4.550	2.410	3.070	3.814	4.451	5.536
Free Cash Flow ¹	12,891	11,575	13,752	5,028	8,470	11,245	12,100	14,740
FCF margin	32.61%	29.62%	33.97%	11.85%	16.96%	21.12%	20.94%	23.16%
FCF Conversion (EBITDA)	69.25%	61.69%	66.96%	23.32%	36.15%	43.74%	40.65%	43.1%
FCF Conversion (Net income)	116.31%	114.21%	100.04%	74.85%	99.61%	105.08%	95.91%	94.01%
Dividend per Share ²	0.9600	0.9600	1.040	1.280	1.360	1.530	1.583	1.699
Announcement Date	6/19/19	6/16/20	6/15/21	6/13/22	6/12/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: May	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	10,360	10,513	11,840	11,445	12,275	12,398	13,837	12,453	12,941	13,280	14,575	13,404	14,041	14,434	15,844
EBITDA ¹	5,314	5,310	6,153	5,024	5,677	5,857	6,872	5,769	6,334	6,600	7,986	6,468	7,223	7,377	8,632
EBIT ¹	4,855	4,814	5,590	4,477	5,086	5,185	6,156	5,057	5,536	5,792	6,656	5,530	6,088	6,395	7,300
Operating Margin	46.86%	45.79%	47.21%	39.12%	41.43%	41.82%	44.49%	40.61%	42.78%	43.61%	45.67%	41.26%	43.36%	44.31%	46.07%
Earnings before Tax (EBT) ¹	-1,496	2,840	3,624	1,656	2,144	2,218	3,109	2,375	2,720	2,865	3,785	2,973	3,426	3,773	4,637
Net income ¹	-1,247	2,319	3,189	1,548	1,741	1,896	3,319	2,420	2,503	2,401	3,273	2,557	2,970	3,176	4,003
Net margin	-12.04%	22.06%	26.93%	13.53%	14.18%	15.29%	23.99%	19.43%	19.34%	18.08%	22.46%	19.08%	21.15%	22.01%	25.26%
EPS ²	-0.4600	0.8400	1.160	0.5600	0.6300	0.6800	1.190	0.8600	0.8900	0.8500	1.152	0.8973	1.041	1.131	1.438
Dividend per Share ²	0.3200	0.3200	0.3200	0.3200	0.3200	0.4000	0.4000	0.4000	0.4000	0.4000	0.3719	0.3805	0.3824	0.3817	0.4106
Announcement Date	12/9/21	3/10/22	6/13/22	9/12/22	12/12/22	3/9/23	6/12/23	9/11/23	12/11/23	3/11/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	18,340	28,540	37,691	53,957	80,294	75,804	67,957	59,371
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.9853 x	1.521 x	1.835 x	2.502 x	3.427 x	2.949 x	2.283 x	1.736 x
Free Cash Flow ¹	12,891	11,575	13,752	5,028	8,470	11,245	12,100	14,740
ROE (net income / shareholders' equity)	37.9%	72.3%	151%	14,849%	-	278%	110%	71.1%
ROA (Net income/ Total Assets)	10.7%	11.3%	11.5%	11.4%	6.98%	7.68%	6.6%	8%
Assets ¹	104,005	89,565	119,969	59,103	121,840	139,332	191,201	196,077
Book Value Per Share ²	6.660	4.150	2.120	-2.070	0.4000	3.190	7.830	13.20
Cash Flow per Share ²	3.900	3.990	5.260	3.420	6.210	6.870	8.160	9.160
Capex ¹	1,660	1,564	2,135	4,511	8,695	7,296	9,463	9,594
Capex / Sales	4.2%	4%	5.27%	10.63%	17.41%	13.7%	16.38%	15.08%
Announcement Date	6/19/19	6/16/20	6/15/21	6/13/22	6/12/23	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Oracle Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

122.2 USD

Average target price

136.9 USD

Spread / Average Target

+12.09%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Enterprise Software