회사 개요
Rapid7, Inc. (RPD) operates as a provider of cybersecurity software and services, utilizing its Rapid7, Nexpose, and Metasploit brand names to deliver security solutions for on-premises and cloud environments. The company offers specific products such as the Rapid7 Agent, which functions as a software-based agent for centralizing and monitoring data across various assets, alongside the Rapid7 Network Sensor for infrastructure monitoring. This entity functions within the Technology sector, specifically classified under the Software - Infrastructure industry, where it competes by providing essential tools for digital asset protection and network visibility. Rapid7 currently holds a market capitalization of $353.85M and reports annual revenue of $859.79M based on trailing twelve-month figures, supported by a workforce of 2,613 employees. These valuation and revenue metrics suggest that while the company maintains a significant operational footprint with over two thousand employees, its market capitalization relative to its revenue stream indicates a valuation structure that reflects current market sentiment regarding its growth trajectory and profitability status.
재무 건전성
Rapid7 reported a trailing twelve-month revenue of $859.79M and generated net income of $23.38M, while its EBITDA stood at $57.54M, revealing a cost structure where operating expenses and taxes absorb a substantial portion of top-line growth to arrive at the final net profit. The company generated free cash flow of $123.47M, a figure that signifies strong operational efficiency and provides the financial flexibility to fund capital expenditures, repay debt, or pursue strategic acquisitions without immediate reliance on external financing. The gross margin stands at 70.3%, indicating high pricing power and efficient production costs typical of the software industry, whereas the operating margin is 1.0% and the profit margin is 2.7%, suggesting that significant overhead costs, likely related to sales, general, and administrative expenses, are required to maintain operations. On the balance sheet, the company holds $474.67M in cash against total debt of $968.37M, resulting in a debt-to-equity ratio of 625.84, which characterizes a highly leveraged capital structure where liabilities significantly outweigh equity holdings. Despite the high leverage, the current ratio of 1.28 indicates that the company possesses sufficient current assets to cover its short-term liabilities, ensuring a baseline level of liquidity for day-to-day obligations. Furthermore, the return on equity is 27.1% while the return on assets is 0.4%, demonstrating that management is highly effective at generating returns on shareholder capital despite the company's assets generating relatively low returns overall, a dynamic often seen in leveraged entities.
밸류에이션 평가
Rapid7 exhibits a trailing P/E ratio of 14.92 and a forward P/E of 3.37, a significant disparity that implies the market expects a dramatic increase in future earnings per share relative to current levels or anticipates substantial one-time earnings adjustments that will lower the forward multiple. The price-to-book ratio is 2.29, indicating that the stock trades at a premium to its book value, which suggests investors are valuing the company's intangible assets, brand equity, and future growth potential above the tangible assets recorded on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 0.41 and an EV/EBITDA of 14.73 provide a different perspective, suggesting the stock is priced at less than half of its revenue base but remains expensive relative to its earnings before interest, taxes, depreciation, and amortization. The stock has traded between a 52-week high of $27.10 and a 52-week low of $5.24, and without the current price explicitly listed in the provided facts, the exact percentage below the high cannot be calculated, but the wide range highlights significant volatility over the past year. With a beta of 0.91, the stock's price volatility is expected to move in line with the broader market, indicating it is neither significantly more nor less sensitive to general market fluctuations than the S&P 500 index.
Growth & Income
Rapid7 experienced a revenue growth of 0.5% year-over-year while earnings growth reached 39.0%, indicating that earnings are expanding at a rate far faster than revenue, which typically implies improving operational leverage or margin expansion rather than top-line scaling. As the company has a dividend yield of N/A and a payout ratio of 0.0%, it does not distribute cash to shareholders but instead retains all earnings to reinvest into business growth, research and development, and debt management. This approach to capital allocation prioritizes internal funding for expansion and balance sheet strengthening over immediate income generation for investors. Overall, the company presents a growth profile characterized by significant earnings acceleration despite stagnant revenue growth, coupled with a capital retention strategy that forgoes dividend payments to fuel future operational capabilities.