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Technology - Software - Infrastructure - NASDAQ - US
$ 123.28
-3.61 %
$ 4.69 B
Market Cap
60.43
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one SPSC stock under the worst case scenario is HIDDEN Compared to the current market price of 123 USD, SPS Commerce, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one SPSC stock under the base case scenario is HIDDEN Compared to the current market price of 123 USD, SPS Commerce, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one SPSC stock under the best case scenario is HIDDEN Compared to the current market price of 123 USD, SPS Commerce, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SPSC

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$200.0$200.0$190.0$190.0$180.0$180.0$170.0$170.0$160.0$160.0$150.0$150.0$140.0$140.0$130.0$130.0$120.0$120.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
638 M REVENUE
18.78%
88.9 M OPERATING INCOME
15.06%
77.1 M NET INCOME
17.06%
157 M OPERATING CASH FLOW
18.97%
-110 M INVESTING CASH FLOW
-19.23%
-23 M FINANCING CASH FLOW
-144.18%
171 M REVENUE
4.41%
24.7 M OPERATING INCOME
-3.23%
17.6 M NET INCOME
-25.15%
40.6 M OPERATING CASH FLOW
-23.94%
-227 K INVESTING CASH FLOW
99.77%
4.67 M FINANCING CASH FLOW
107.32%
Balance Sheet SPS Commerce, Inc.
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Current Assets 382 M
Cash & Short-Term Investments 241 M
Receivables 52 M
Other Current Assets 88.9 M
Non-Current Assets 649 M
Long-Term Investments 0
PP&E 45.7 M
Other Non-Current Assets 604 M
23.37 %5.05 %8.62 %4.44 %58.53 %Total Assets$1.0b
Current Liabilities 147 M
Accounts Payable 8.58 M
Short-Term Debt 4.58 M
Other Current Liabilities 134 M
Non-Current Liabilities 29.9 M
Long-Term Debt 7.88 M
Other Non-Current Liabilities 22 M
4.86 %75.63 %4.47 %12.45 %Total Liabilities$176.5m
EFFICIENCY
Earnings Waterfall SPS Commerce, Inc.
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Revenue 638 M
Cost Of Revenue 211 M
Gross Profit 427 M
Operating Expenses 338 M
Operating Income 88.9 M
Other Expenses 11.8 M
Net Income 77.1 M
700m700m600m600m500m500m400m400m300m300m200m200m100m100m00638m(211m)427m(338m)89m(12m)77mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
66.96% GROSS MARGIN
66.96%
13.94% OPERATING MARGIN
13.94%
12.08% NET MARGIN
12.08%
9.02% ROE
9.02%
7.47% ROA
7.47%
7.74% ROIC
7.74%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis SPS Commerce, Inc.
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140m140m120m120m100m100m80m80m60m60m40m40m20m20m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 77.1 M
Depreciation & Amortization 42.2 M
Capital Expenditures -20 M
Stock-Based Compensation 54.6 M
Change in Working Capital -14.9 M
Others 2.2 M
Free Cash Flow 137 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets SPS Commerce, Inc.
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Wall Street analysts predict an average 1-year price target for SPSC of $215 , with forecasts ranging from a low of $188 to a high of $230 .
SPSC Lowest Price Target Wall Street Target
188 USD 52.50%
SPSC Average Price Target Wall Street Target
215 USD 74.72%
SPSC Highest Price Target Wall Street Target
230 USD 86.57%
Price
Max Price Target
Min Price Target
Average Price Target
240240220220200200180180160160140140120120May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership SPS Commerce, Inc.
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Sold
0-3 MONTHS
12.1 M USD 4
3-6 MONTHS
3.06 M USD 2
6-9 MONTHS
1.72 M USD 3
9-12 MONTHS
2.61 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
SPS Commerce Releases 2024 ESG Report, Reinforcing Commitment to Sustainable and Responsible Growth MINNEAPOLIS, March 26, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced the release of its 2024 Environmental, Social, and Governance (ESG) Report, outlining the company's ongoing commitment to sustainability, ethical business practices, and social responsibility. This inaugural report highlights the company's key advancements in governance, employee experience, community engagement, and environmental stewardship. globenewswire.com - 3 weeks ago
3 Beaten-Down Stocks (MDB, SPSC and DDOG) With Up To 125% Upside According To Wall Street Experts The stock market has recovered from its correction territory, but there's still significant fear due to tariff-related uncertainty. 247wallst.com - 1 month ago
Strength Seen in SPS Commerce (SPSC): Can Its 5.2% Jump Turn into More Strength? SPS Commerce (SPSC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 1 month ago
Here is Why Growth Investors Should Buy SPS Commerce (SPSC) Now SPS Commerce (SPSC) is well positioned to outperform the market, as it exhibits above-average growth in financials. zacks.com - 1 month ago
SPS Commerce to Present at the Morgan Stanley Technology, Media & Telecom Conference MINNEAPOLIS, Feb. 27, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that management will present at the Morgan Stanley Technology, Media & Telecom Conference on Thursday, March 6, 2025, at 8:30 AM P.T. globenewswire.com - 1 month ago
SPS Commerce, Inc. (SPSC) Q4 2024 Earnings Call Transcript SPS Commerce, Inc. (NASDAQ:SPSC ) Q4 2024 Earnings Conference Call February 10, 2025 4:30 PM ET Company Participants Irmina Blaszczyk - Investor Relations Chad Collins - Chief Executive Officer Kim Nelson - Executive Vice President & Chief Financial Officer Conference Call Participants George Kurosawa - Citi Dylan Becker - William Blair Lachlan Brown - Redburn Atlantic Parker Lane - Stifel Joe Vruwink - Baird William Jellison - D.A. Davidson Jeff Van Rhee - Craig-Hallum Quinton Gabrielli - Piper Sandler Mark Schappel - Loop Capital Markets Nehal Chokshi - Northland Capital Markets Operator Good day and welcome to the SPS Commerce Q4 2024 Earnings Conference Call. seekingalpha.com - 2 months ago
SPS Commerce (SPSC) Q4 Earnings and Revenues Surpass Estimates SPS Commerce (SPSC) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. zacks.com - 2 months ago
SPS Commerce Reports Fourth Quarter and Fiscal Year 2024 Financial Results Company delivers 96th consecutive quarter of topline growth Fourth quarter 2024 re venue grew 18% and recurring revenue grew 19% from the fourth quarter of 2023 MINNEAPOLIS, Feb. 10, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced financial results for the fourth quarter and year ended December 31, 2024. Financial Highlights Fourth Quarter 2024 Financial Highlights Revenue was $170.9 million in the fourth quarter of 2024, compared to $145.0 million in the fourth quarter of 2023, reflecting 18% growth. globenewswire.com - 2 months ago
SPS Commerce Completes Acquisition of Carbon6 Technologies MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. globenewswire.com - 2 months ago
SPS Commerce Announces Date of Fourth Quarter and Fiscal Year 2024 Financial Results MINNEAPOLIS, Minn., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the fourth quarter and year ended December 31, 2024, after the market close on Monday, February 10, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. globenewswire.com - 2 months ago
3 Reasons Why Growth Investors Shouldn't Overlook SPS Commerce (SPSC) SPS Commerce (SPSC) could produce exceptional returns because of its solid growth attributes. zacks.com - 2 months ago
SPS Commerce (SPSC) Upgraded to Strong Buy: Here's What You Should Know SPS Commerce (SPSC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). zacks.com - 3 months ago
8. Profile Summary

SPS Commerce, Inc. SPSC

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 4.69 B
Dividend Yield 0.00%
Description SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure by enabling easy compliance with retailers' rulebooks, automatic, and digital exchange of information among numerous trading partners through various protocols, and greater visibility into the journey of an order; and Analytics solution, which consists of data analytics applications that enables customers to enhance their visibility across supply chains through greater analytics capabilities. In addition, it offers various complimentary products, such as assortment product, which enables accurate order management and rapid fulfillment; and community product that accelerates vendor onboarding and ensures trading partner adoption of new supply chain requirements. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
Contact 333 South Seventh Street, Minneapolis, MN, 55402 https://www.spscommerce.com
IPO Date April 22, 2010
Employees 2783
Officers Mr. Chadwick Collins Chief Executive Officer & Director Ms. Kimberly K. Nelson Executive Vice President & Chief Financial Officer Mr. Jamie Thingelstad Executive Vice President & Chief Technology Officer