Okta Stock Financials

OKTA
 Stock
  

USD 64.42  0.60  0.94%   

Okta Average Assets are projected to increase significantly based on the last few years of reporting. The past year's Average Assets were at 1.68 Billion. The current year Average Equity is expected to grow to about 401.4 M, whereas Net Income Per Employee is forecasted to decline to (182 K).
  
With this module, you can analyze Okta financials for your investing period. You should be able to track the changes in Okta individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Understanding current and past Okta Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Okta's financial statements are interrelated, with each one affecting the others. For example, an increase in Okta's assets may result in an increase in income on the income statement.

Revenues

1.4 Billion

The financial analysis of Okta is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Okta includes many different criteria found on its balance sheet. For example, investors should never minimize Okta's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Okta's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Okta.

Okta Inc Cash

Chance Of Financial Distress
Less than 8
Okta Inc has less than 8 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Okta stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Okta's official financial statements usually reflect Okta's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Okta Inc. For example, before you start analyzing numbers published by Okta accountants, it's critical to develop an understanding of what Okta's liquidity, profitability, and earnings quality are in the context of the IT Services space in which it operates.
Please note, the presentation of Okta's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Okta's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Okta's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Okta Inc. Please utilize our Beneish M Score to check the likelihood of Okta's management to manipulate its earnings.

Okta Company Summary

Okta competes with Coca Cola, Stemtech, Ennis, and Merck. Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Okta Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 5776 people.
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001660134
ISINUS6792951054
RegionNorth America
Business Address100 First Street,
SectorIT Services
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.okta.com
Phone888 722 7871
CurrencyUSD - US Dollar
You should never invest in Okta without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Okta Stock, because this is throwing your money away. Analyzing the key information contained in Okta's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Okta Key Financial Ratios

Generally speaking, Okta's financial ratios allow both analysts and investors to convert raw data from Okta's financial statements into concise, actionable information that can be used to evaluate the performance of Okta over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Okta Inc reports annually and quarterly.

Okta Key Balance Sheet Accounts

201720182019202020212022 (projected)
Receivables52.25 M91.93 M130.12 M194.82 M397.51 M428.89 M
Accounts Payable9.57 M17.21 M3.84 M8.56 M20.2 M21.8 M
Total Assets367.4 M864.34 M1.96 B3.3 B9.21 B9.93 B
Current Assets315.42 M709.33 M1.6 B2.88 B3.04 B3.28 B
Assets Non Current37.84 M81.77 M276.2 M355.67 M409.02 M441.31 M
Cash and Equivalents127.95 M298.39 M520.05 M434.61 M260.13 M240.3 M
Deferred Revenue113.72 M164.78 M254.39 M371.45 M427.17 M338.75 M
Shareholders Equity163.59 M252.38 M405.34 M694.04 M5.92 B6.39 B
Investments14.39 M101.77 M265.37 M882.98 M1.02 B1.1 B
Investments Current14.39 M101.77 M265.37 M882.98 M1.02 B1.1 B
Total Liabilities203.81 M611.96 M1.55 B2.6 B3.28 B3.54 B
Current Liabilities190.76 M564.19 M546.96 M1.55 B1.24 B1.34 B

Okta Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Okta's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201720182019202020212022 (projected)
Direct Expenses80.75 M113.42 M159.38 M217.68 M396.4 M427.7 M
Consolidated Income(75.06 M)(109.85 M)(125.5 M)(208.91 M)(188.02 M)(192.97 M)
Cost of Revenue55.95 M80.75 M113.42 M159.38 M183.29 M197.76 M
Gross Profit104.86 M175.79 M285.83 M426.69 M490.69 M529.43 M
Net Income(114.36 M)(125.5 M)(208.91 M)(266.33 M)(848.41 M)(870.74 M)
Operating Expenses179.53 M287.64 M405.45 M612.52 M704.39 M760 M
Operating Income(116.36 M)(119.62 M)(185.83 M)(204.16 M)(767.1 M)(787.29 M)
Revenues259.99 M399.25 M586.07 M835.42 M1.3 B1.4 B
Income Tax Expense425 K(321 K)(17 K)(1.42 M)(1.28 M)(1.31 M)

Okta Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Okta Inc. It measures of how well Okta is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Okta brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Okta had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Okta has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(11.74 M)(11.98 M)(21.92 M)(19.33 M)(17.4 M)(18.77 M)
Depreciation Amortization and Accretion4.57 M7 M8 M17.82 M20.49 M22.1 M
Net Cash Flow or Change in Cash and Cash Equivalents(34.8 M)112.95 M174.98 M220.74 M253.85 M273.89 M
Net Cash Flow from Financing237.41 M357.76 M853.38 M1.09 B89.07 M91.41 M
Net Cash Flow from Investing(99.7 M)(197.32 M)(688.04 M)(1.31 B)(366.81 M)(395.77 M)
Net Cash Flow Investment Acquisitions and Disposals18.71 M(87.72 M)(159.77 M)(615.84 M)(554.26 M)(568.84 M)
Net Cash Flow from Operations(25.24 M)15.17 M55.6 M127.96 M104.12 M112.34 M
Effect of Exchange Rate Changes on Cash(120 K)487 K(632 K)(209 K)(188.1 K)(193.05 K)
Share Based Compensation17.13 M49.86 M76.32 M126.62 M145.62 M157.11 M

Okta Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Okta's current stock value. Our valuation model uses many indicators to compare Okta value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Okta competition to find correlations between indicators driving Okta's intrinsic value. More Info.
Okta Inc is considered to be number one stock in return on equity category among related companies. It is considered to be number one stock in price to earning category among related companies . As of December 9, 2022, Price to Earnings Ratio is expected to decline to -69.85. In addition to that, Earnings Before Interest Taxes and Depreciation Amortization EBITDA is expected to decline to about (775.1 M). Comparative valuation analysis is a catch-all model that can be used if you cannot value Okta by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Okta's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Okta's earnings, one of the primary drivers of an investment's value.

Okta Inc Systematic Risk

Okta's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Okta volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was two with a total number of output elements of fifty-nine. The Beta measures systematic risk based on how returns on Okta Inc correlated with the market. If Beta is less than 0 Okta generally moves in the opposite direction as compared to the market. If Okta Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Okta Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Okta is generally in the same direction as the market. If Beta > 1 Okta moves generally in the same direction as, but more than the movement of the benchmark.
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About Okta Financials

What exactly are Okta Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Okta's income statement, its balance sheet, and the statement of cash flows. Potential Okta investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Okta investors may use each financial statement separately, they are all related. The changes in Okta's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Okta's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Okta is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Okta has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Okta December 9, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Okta help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Okta Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Okta Inc based on widely used predictive technical indicators. In general, we focus on analyzing Okta Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Okta's daily price indicators and compare them against related drivers.
Downside Deviation3.82
Information Ratio0.0227
Maximum Drawdown31.29
Value At Risk(5.64)
Potential Upside6.58
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Is Okta's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.