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43.46 (1y: -18%)
Market Cap 3.36 B P/E(ttm) 20.00
Enterprise Value 2.69 B P/B 3.10
MCRS- NAS (USA)
Micros Systems, Inc.
  • Currently 4/5
Business Predictability Rank: 4-Star
Back Testing Results:
Average gain of all 4-Star stocks: 9.8% per year.
% of Stocks that are in still loss if held for 10yrs: 8%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$43.46
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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry		 vs
history
Cash to Debt No Debt
MCRS's Cash to Debt is ranked higher than
95% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 7.41 vs. MCRS: No Debt )
MCRS' s 10-Year Cash to Debt Range
Min: 3.17   Max: No Debt
Current: No Debt
Equity to Asset 0.698
MCRS's Equity to Asset is ranked higher than
74% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.56 vs. MCRS: 0.698 )
MCRS' s 10-Year Equity to Asset Range
Min: 0.51   Max: 0.71
Current: 0.7
0.51
0.71
Interest Coverage No Debt
MCRS's Interest Coverage is ranked higher than
86% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 25.60 vs. MCRS: No Debt )
MCRS' s 10-Year Interest Coverage Range
Min: 25   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 6.79
M-Score: -2.24
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 21.20
MCRS's Operating margin (%) is ranked higher than
92% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 4.30 vs. MCRS: 21.20 )
MCRS' s 10-Year Operating margin (%) Range
Min: 1.2   Max: 21.2
Current: 21.2
1.2
21.2
Net-margin (%) 15.1
MCRS's Net-margin (%) is ranked higher than
90% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 2.70 vs. MCRS: 15.1 )
MCRS' s 10-Year Net-margin (%) Range
Min: -0.2   Max: 15.1
Current: 15.1
-0.2
15.1
ROE (%) 15.3
MCRS's ROE (%) is ranked higher than
88% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 4.70 vs. MCRS: 15.3 )
MCRS' s 10-Year ROE (%) Range
Min: -0.4   Max: 22.9
Current: 15.3
-0.4
22.9
ROA (%) 10.7
MCRS's ROA (%) is ranked higher than
90% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 2.90 vs. MCRS: 10.7 )
MCRS' s 10-Year ROA (%) Range
Min: -0.3   Max: 11.8
Current: 10.7
-0.3
11.8
Revenue Growth (%) 4.7
MCRS's Revenue Growth (%) is ranked higher than
80% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. MCRS: 4.7 )
MCRS' s 10-Year Revenue Growth (%) Range
Min: 1.1   Max: 11.2
Current: 4.7
1.1
11.2
EBITDA Growth (%) 10.8
MCRS's EBITDA Growth (%) is ranked higher than
89% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. MCRS: 10.8 )
MCRS' s 10-Year EBITDA Growth (%) Range
Min: -11.6   Max: 34.5
Current: 10.8
-11.6
34.5
EPS Growth (%) 13.8
MCRS's EPS Growth (%) is ranked higher than
91% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. MCRS: 13.8 )
MCRS' s 10-Year EPS Growth (%) Range
Min: -18.9   Max: 40.5
Current: 13.8
-18.9
40.5
» MCRS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

MCRS Guru Trades in Q2 2012

Steven Cohen 14,975 sh (+42.65%)
Ron Baron 1,099,662 sh (+5.8%)
Jean-Marie Eveillard 8,000 sh (unchged)
Columbia Wanger 4,295,400 sh (-0.61%)
RS Investment Management 42,260 sh (-2.31%)
Meridian Funds 698,865 sh (-2.66%)
Jeremy Grantham 60,000 sh (-6.25%)
» More
Q3 2012

MCRS Guru Trades in Q3 2012

Jim Simons 431,200 sh (New)
Bruce Kovner 4,800 sh (New)
Paul Tudor Jones 8,100 sh (New)
Steven Cohen 143,743 sh (+859.89%)
Jeremy Grantham 61,900 sh (+3.17%)
Columbia Wanger 4,302,400 sh (+0.16%)
Jean-Marie Eveillard 8,000 sh (unchged)
RS Investment Management Sold Out
Ron Baron 1,018,645 sh (-7.37%)
Meridian Funds 576,955 sh (-17.44%)
» More
Q4 2012

MCRS Guru Trades in Q4 2012

Chuck Royce 3,850 sh (New)
Joel Greenblatt 86,850 sh (New)
Paul Tudor Jones 140,600 sh (+1635.8%)
Jim Simons 1,085,900 sh (+151.83%)
Jean-Marie Eveillard 8,000 sh (unchged)
Jeremy Grantham 49,200 sh (unchged)
Bruce Kovner Sold Out
Columbia Wanger 4,170,000 sh (-3.08%)
Ron Baron 891,244 sh (-12.51%)
Meridian Funds 461,000 sh (-20.1%)
Steven Cohen 64,030 sh (-55.46%)
» More
Q1 2013

MCRS Guru Trades in Q1 2013

Robert Olstein 110,000 sh (New)
Manning & Napier Advisors, Inc 1,970,880 sh (New)
Chuck Royce 442,550 sh (+11394.8%)
Jean-Marie Eveillard 8,000 sh (unchged)
Jeremy Grantham 46,900 sh (-4.67%)
Columbia Wanger 3,726,000 sh (-10.65%)
Meridian Funds 378,800 sh (-17.83%)
Jim Simons 860,700 sh (-20.74%)
Joel Greenblatt 68,511 sh (-21.12%)
Ron Baron 690,453 sh (-22.53%)
Steven Cohen 29,450 sh (-54.01%)
Paul Tudor Jones 4,700 sh (-96.66%)
» More
» Details

Insider Trades

Latest Guru Trades with MCRS

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 Reduce -22.53%0.05%$42.1 - $47.95 $ 43.46-2%690453
Joel Greenblatt 2013-03-31 Reduce -21.12%0.04%$42.1 - $47.95 $ 43.46-2%68511
Joel Greenblatt 2012-12-31 New Buy0.21%$39.4 - $49.64 $ 43.46-3%86850
Meridian Funds 2012-12-31 Reduce -20.1%0.2%$39.4 - $49.64 $ 43.46-3%461000
Meridian Funds 2011-09-30 Reduce -21.62%0.33%$38.71 - $52.01 $ 43.46-7%821092
Ron Baron 2011-09-30 Add 50.99%0.1%$38.71 - $52.01 $ 43.46-7%1014090
Ray Dalio 2011-09-30 Sold Out 0.0048%$38.71 - $52.01 $ 43.46-7%0
Ron Baron 2011-06-30 New Buy0.19%$46.33 - $52.92 $ 43.46-12%671629
George Soros 2011-06-30 Sold Out $46.33 - $52.92 $ 43.46-12%0
Meridian Funds 2011-03-31 Add 9.85%0.14%$43.68 - $49.61 $ 43.46-7%1055097
Carl Icahn 2010-09-30 Sold Out 0.57%$32.46 - $42.54 $ 43.4616%0
George Soros 2010-09-30 New Buy$32.46 - $42.54 $ 43.4616%5500
Carl Icahn 2010-06-30 New Buy0.57%$32.11 - $37.65 $ 43.4627%654960
Meridian Funds 2010-06-30 Add 9.03%0.12%$32.11 - $37.65 $ 43.4627%961287
Jean-Marie Eveillard 2010-06-30 New Buy$32.11 - $37.65 $ 43.4627%8000
Meridian Funds 2010-03-31 Add 10.92%0.12%$27.16 - $33.22 $ 43.4640%881632
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Guru Investment Theses on Micros Systems, Inc.

Baron Funds Comments on MICROS Systems Inc. - Dec 14, 2012

Shares of technology systems provider MICROS Systems, Inc. (MCRS) fell 4.0% in the third quarter due to uncertainty around how iPads could impact sales of point-of-sale (POS) terminals.We believe that MICROS Systems's proprietary hardware offers restaurant customers key advantages, including durability, extended useful life, and best-in-class support. We view iPads as a feasible solution only at the low end of the POS market. MICROS Systems's proprietary software and services are hardware-agnostic, so customers can purchase licenses regardless of the POS terminal being used. (Neal Rosenberg)

From Baron Funds’ third quarter 2012 letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about Micros Systems, Inc.

Manning & Napier New Buys of Q1
April 19, 2013
Manning & Napier - Manning & Napier New Buys Of Q1
Manning & Napier expects returns on equity markets to be modest throughout the rest of 2013. It also believes volatility could return, which they will take as a potential buying opportunity, according to their first quarter newsletter. The letter continues: Read more...
Baron Funds Comments on MICROS Systems Inc.
December 14, 2012
Shares of technology systems provider MICROS Systems, Inc. (MCRS) fell 4.0% in the third quarter due to uncertainty around how iPads could impact sales of point-of-sale (POS) terminals.We believe that MICROS Systems's proprietary hardware offers restaurant customers key advantages, including durability, extended useful life, and best-in-class support. We view iPads as a feasible solution only at the low end of the POS market. MICROS Systems's proprietary software and services are hardware-agnostic, so customers can purchase licenses regardless of the POS terminal being used. (Neal Rosenberg) Read more...
The Top 10 Undervalued Predictable Companies Trading at 52-Week Lows
December 5, 2012
Jim Simons,Chuck Royce - The Top 10 Undervalued Predictable Companies Trading At 52-Week Lows
There are several companies, with a ranking of either four or five stars in GuruFocus’ Business Predictability that are trading at or close to their 52-week lows. Using the GuruFocus Undervalued Predictable Company Screener, the following stocks showed up as the results that meet the mentioned criteria, as they trade right at their lowest, or no more than about $2 from their lowest in one year. [b] Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 20.00
MCRS's P/E(ttm) is ranked higher than
63% of the 1023 Companies
in the Global Software - Application industry.

( Industry Median: 20.80 vs. MCRS: 20.00 )
MCRS' s 10-Year P/E(ttm) Range
Min: 11.04   Max: 505.77
Current: 20
11.04
505.77
P/B 3.10
MCRS's P/B is ranked lower than
53% of the 1370 Companies
in the Global Software - Application industry.

( Industry Median: 2.02 vs. MCRS: 3.10 )
MCRS' s 10-Year P/B Range
Min: 1.64   Max: 11.19
Current: 3.1
1.64
11.19
P/S 2.86
MCRS's P/S is ranked lower than
53% of the 1452 Companies
in the Global Software - Application industry.

( Industry Median: 1.69 vs. MCRS: 2.86 )
MCRS' s 10-Year P/S Range
Min: 0.78   Max: 4.38
Current: 2.86
0.78
4.38
PFCF 21.50
MCRS's PFCF is ranked higher than
56% of the 1019 Companies
in the Global Software - Application industry.

( Industry Median: 17.43 vs. MCRS: 21.50 )
MCRS' s 10-Year PFCF Range
Min: 7.84   Max: 281.25
Current: 21.5
7.84
281.25
EV-to-EBIT 11.1
MCRS's EV-to-EBIT is ranked higher than
71% of the 1019 Companies
in the Global Software - Application industry.

( Industry Median: 14.50 vs. MCRS: 11.1 )
MCRS' s 10-Year EV-to-EBIT Range
Min: 5.5   Max: 120.2
Current: 11.1
5.5
120.2
PEG 1.5
MCRS's PEG is ranked higher than
70% of the 423 Companies
in the Global Software - Application industry.

( Industry Median: 1.64 vs. MCRS: 1.5 )
MCRS' s 10-Year PEG Range
Min: 0.48   Max: 24.19
Current: 1.5
0.48
24.19
Shiller P/E 25.9
MCRS's Shiller P/E is ranked lower than
100% of the Companies
in the Global Software - Application industry.

( Industry Median: vs. MCRS: 25.9 )
MCRS' s 10-Year Shiller P/E Range
Min: 16.69   Max: 77.19
Current: 25.9
16.69
77.19

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 31.7
MCRS's Price/Net Cash is ranked lower than
67% of the 465 Companies
in the Global Software - Application industry.

( Industry Median: 9.10 vs. MCRS: 31.7 )
MCRS' s 10-Year Price/Net Cash Range
Min: 11.3   Max: 273
Current: 31.7
11.3
273
Price/Net Current Asset Value 17.2
MCRS's Price/Net Current Asset Value is ranked higher than
54% of the 930 Companies
in the Global Software - Application industry.

( Industry Median: 13.40 vs. MCRS: 17.2 )
MCRS' s 10-Year Price/Net Current Asset Value Range
Min: 3.7   Max: 25.8
Current: 17.2
3.7
25.8
Price/Tangible Book 6.1
MCRS's Price/Tangible Book is ranked lower than
59% of the 1116 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. MCRS: 6.1 )
MCRS' s 10-Year Price/Tangible Book Range
Min: 2.4   Max: 7.4
Current: 6.1
2.4
7.4
Price/DCF (Projected) 1.2
MCRS's Price/DCF (Projected) is ranked higher than
77% of the 551 Companies
in the Global Software - Application industry.

( Industry Median: 1.30 vs. MCRS: 1.2 )
MCRS' s 10-Year Price/DCF (Projected) Range
Min: 0.9   Max: 1.7
Current: 1.2
0.9
1.7
Price/Median PS Value 1.1
MCRS's Price/Median PS Value is ranked higher than
58% of the 1300 Companies
in the Global Software - Application industry.

( Industry Median: 1.00 vs. MCRS: 1.1 )
MCRS' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.5
Current: 1.1
0.3
1.5
Price/Peter Lynch Fair Value 1.6
MCRS's Price/Peter Lynch Fair Value is ranked higher than
67% of the 276 Companies
in the Global Software - Application industry.

( Industry Median: 1.50 vs. MCRS: 1.6 )
MCRS' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.1   Max: 2.7
Current: 1.6
1.1
2.7
Price/Graham Number 2.4
MCRS's Price/Graham Number is ranked higher than
51% of the 813 Companies
in the Global Software - Application industry.

( Industry Median: 1.80 vs. MCRS: 2.4 )
MCRS' s 10-Year Price/Graham Number Range
Min: 1.5   Max: 3.3
Current: 2.4
1.5
3.3
Earnings Yield (Greenblatt) 9.00
MCRS's Earnings Yield (Greenblatt) is ranked higher than
81% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. MCRS: 9.00 )
MCRS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.8   Max: 18.1
Current: 9
0.8
18.1
Forward Rate of Return (Yacktman) 16.64
MCRS's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. MCRS: 16.64 )
MCRS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.8   Max: 45.7
Current: 16.64
1.8
45.7

Business Description

MICROS Systems, Inc. was incorporated in the State of Maryland in 1977 as Picos Manufacturing, Inc. and, in 1978, changed its name to MICROS Systems, Inc. It is a worldwide designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and specialty retail industries. The information solutions consist of application-specific software and hardware systems, supplemented by a range of services. The hospitality industry comprises numerous defined market segments, e.g., lodging, including individual hotel sites, hotel central reservation systems and customer information systems; table service restaurants, quick service restaurants, entertainment venues for example, stadiums and arenas; business foodservice operations, casinos, transportation foodservice, government operations, and cruise ships. The specialty retail industry consists of retail operations selling to consumers both general and specific products, including clothing, shoes, food, hardware, jewelry, and other specialty items. MICROS's enterprise solutions comprise three major areas: hotel information systems, restaurant information systems, and specialty retail information systems. The company is also beginning to develop and distribute specialty information systems for use in the healthcare industry; these systems include software products that help healthcare facilities manage their bed demand and foodservice operations. In addition to its software enterprise solutions and hardware products, it offers an array of support services and products for its hotel, restaurant and retail information systems. The hotel information systems consist of software encompassing property management systems, sales and catering systems, central reservation systems, and customer information systems. The restaurant information systems consist of hardware and software for point-of-sale and operational applications, a suite of back office applications, including inventory, labor, and financial management, and certain centrally hosted enterprise applications. The specialty retail systems consist of software encompassing POS, loss prevention, business analytics, customer gift cards, and enterprise applications. Micros also provides a range of support services to its customers which includes installation, operator and manager training, on-site hardware maintenance, customized software development, application software support etc.
Company Website
SEC Reports
Industry: Software - Application
Compare:CRM, SQI, RHT, INTU, ADBE
Traded in other countries:MS6.Germany
» More Articles for MCRS

Headlines

Articles On GuruFocus.com
Manning & Napier New Buys of Q1 Apr 19 2013 
Magic Formula Formulator Joel Greenblatt’s Top 5 New Stock Picks Feb 14 2013 
comment on MCRS Jan 04 2013 
comment on MCRS Dec 27 2012 
Baron Funds Comments on MICROS Systems Inc. Dec 14 2012 
The Top 10 Undervalued Predictable Companies Trading at 52-Week Lows Dec 05 2012 
comment on MCRS Dec 05 2012 
comment on MCRS Nov 07 2012 
comment on MCRS Nov 07 2012 
Weekly CFO Sells Highlight: ASGN, COF, AKRX, MCRS, GILD, ROP, PLL Sep 24 2012 

More From Our Partners
UPDATE: Compass Point Downgrades MICROS Systems on Stalled Growth Jun 17 2013 - BENZINGA

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