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SciQuest (SciQuest) Owner Earnings per Share (TTM) : 0.00 (As of Mar. 2016)


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What is SciQuest Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

SciQuest's Owner Earnings per Share (TTM) ended in Mar. 2016 was $0.00. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for SciQuest's Owner Earnings per Share (TTM) or its related term are showing as below:



SQI's Price-to-Owner-Earnings is not ranked *
in the Software industry.
Industry Median: 22.78
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

SciQuest's Earnings per Share (Diluted) for the three months ended in Mar. 2016 was $0.04. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2016 was $0.12. It's PE Ratio ratio for today is 147.88.

SciQuest's EPS without NRI for the three months ended in Mar. 2016 was $0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2016 was $0.12. It's PE Ratio without NRI ratio for today is 147.88.


SciQuest Owner Earnings per Share (TTM) Historical Data

The historical data trend for SciQuest's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SciQuest Owner Earnings per Share (TTM) Chart

SciQuest Annual Data
Trend Dec02 Dec03 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.59 0.36 0.23 0.22

SciQuest Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.28 0.21 0.22 0.12

Competitive Comparison of SciQuest's Owner Earnings per Share (TTM)

For the Software - Application subindustry, SciQuest's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SciQuest's Price-to-Owner-Earnings Distribution in the Software Industry

For the Software industry and Technology sector, SciQuest's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where SciQuest's Price-to-Owner-Earnings falls into.



SciQuest Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

SciQuest's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income 3.2
Depreciation, Depletion and Amortization 12.1
Change In Deferred Tax 1.0
5Y Average of Maintenance Capital Expenditure 6.6
Change In Working Capital -6.3
Shares Outstanding (Diluted Average) 28.0

1. Start with "Net Income" from income statement. SciQuest's Net Income for the trailing twelve months (TTM) ended in Mar. 2016 was $3.2 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. SciQuest's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2016 was $12.1 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. SciQuest's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2016 was $1.0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $6.6 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

SciQuest's 5-Year Average Maintenance Capital Expenditure = $6.6 Mil

5. "Change In Working Capital" is from cashflow statement. SciQuest's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2016 was $-6.3 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. SciQuest's Shares Outstanding (Diluted Average) for the months ended in Mar. 2016 was 27.998 Mil.

SciQuest's Onwer Earnings Per Share for Mar. 2016 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( 3.209 +12.082+0.991
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-6.5786459747106+-6.325)/27.998
=0.00

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=17.745/0.00
=0

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


SciQuest Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of SciQuest's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


SciQuest (SciQuest) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » SciQuest Inc (NAS:SQI) » Definitions » Owner Earnings per Share (TTM)
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Address
SciQuest Inc was incorporated in November, 1995. The Company provides cloud-based business automation solutions for spend management. Its solutions include spend analytics solutions that cleanse and classify spend data from a wide variety of sources and formats putting data and analytics to work to drive and measure cost savings; sourcing solutions that create events, manage bids and award contracts automatically to simplify and optimize the bidding process; supplier management solutions that facilitate on-boarding, maintaining and managing supplier relationships and give visibility into which suppliers are able to support goals; contract lifecycle management solutions that automate the contract lifecycle from contract authoring, automated workflow approvals to a fully searchable archive of executed contracts; procurement solutions that automate the purchasing process and drive contract compliance; inventory management solutions that facilitate finding, sourcing and tracking chemicals and research supplies; accounts payable solutions that automate the invoice processing and vendor payment processes; and a supplier network that provides a single platform for all supplier interactions. Its spend management solutions provide a return on investment for its customers by facilitating the reduction of spending on goods and services, enhancing visibility and control over spending decisions and practices as well as optimizing the efficiency of key business processes. The procurement, supplier management and accounts payable solutions leverage its managed Company Supplier Network, which facilitates its customers doing business with many thousands of suppliers and spending billions of dollars annually. The Company delivers cloud-based solutions using a Software-as-a-Service, or SaaS, model. The Company offers its customers various services including Client Partners, Supplier Enablement Services, Implementation Services, Customer Support, and Business Process Optimization Services. The Company competes with relatively small specialty software vendors, large ERP vendors and internally developed and maintained solutions. Specialty vendors or niche providers that compete with one or more or the Company's solutions, including Aravo, Basware, BravoSolution, Coupa, Determine, ESM Solutions, GXS, Hubwoo, OB10, Perfect Commerce, Periscope, Verian and Zycus; and Enterprise software application vendors, including SAP AG, Oracle, IBM, Infor and Workday.
Executives
Jeffrey T Barber director 6501 WESTON PARKWAY, SUITE 200 CARY NC 27513
Timothy Buckley director C/O RED HAT, INC, 1801 VARSITY DRIVE, RALEIGH NC 27606
Rudy Howard officer: Chief Financial Officer 322 WINDCHASE LANE, WILMINGTON NC 28409
Noel J Fenton director C/O TRINITY VENTURES, 325 SHARON PARK DR., #458, MENLO PARK CA 94025
Intersouth Affiliates V Lp 10 percent owner 406 BLACKWELL STREET, SUITE 200, DURHAM NC 27701
Intersouth Partners Vi Lp 10 percent owner
Intersouth Partners V, L.p. 10 percent owner 406 BLACKWELL STREET, SUITE 200, DURHAM NC 27701

SciQuest (SciQuest) Headlines

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