-5.73%
-18.47%
-13.31%
9.72%
-5.16%
53.90%
-43.93%

Company Description

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.It helps organizations to plan, build, secure, and deploy software to drive business outcomes.


The company also provides related training and professional services.The company was formerly known as GitLab B.V. and changed its name to GitLab Inc.in July 2015.


The company was founded in 2011 and is headquartered in San Francisco, California.

Market Data

Last Price 58.25
Change Percentage -5.73%
Open 59.63
Previous Close 61.79
Market Cap ( Millions) 9359
Volume 3076105
Year High 74.18
Year Low 40.72
M A 50 64.12
M A 200 55.63

Financial Ratios

FCF Yield -0.72%
Dividend Yield 0.00%
ROE -0.20%
Debt / Equity 0.00%
Net Debt / EBIDTA 176.03%
Price To Book 12.18
Price Earnings Ratio -7056.43
Price To FCF -138.17
Price To sales 12.33
EV / EBITDA -70.61

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Subscription - Self-managed

Expected Growth : 14.07 %

What the company do ?

Subscription - Self-managed from GitLab Inc. allows users to manage their own infrastructure and deploy GitLab on-premises or in a private cloud.

Why we expect these perspectives ?

GitLab's self-managed subscription growth of 14.07% is driven by increasing adoption of DevOps practices, growing demand for hybrid cloud solutions, and expansion into new markets. Additionally, GitLab's open-source roots, robust feature set, and competitive pricing strategy contribute to its attractiveness among developers and enterprises.

Segment nΒ°2 -> Software as a Service

Expected Growth : 14.4 %

What the company do ?

GitLab SaaS is a cloud-based platform offering a complete DevOps toolchain, enabling teams to collaborate on software development, version control, and project management.

Why we expect these perspectives ?

GitLab's 14.4% growth in Software as a Service (SaaS) is driven by increasing adoption of cloud-based development tools, growing demand for DevOps and digital transformation, and expansion into new markets. Additionally, GitLab's open-source roots, robust feature set, and competitive pricing strategy contribute to its rapid growth.

Segment nΒ°3 -> License - Self-managed

Expected Growth : 12.4 %

What the company do ?

License - Self-managed from GitLab Inc. allows users to manage their own licenses, providing flexibility and control over their GitLab instance.

Why we expect these perspectives ?

GitLab's self-managed license growth of 12.4% is driven by increasing adoption of DevOps practices, growing demand for hybrid cloud solutions, and expansion into new markets. Additionally, GitLab's open-source roots, robust feature set, and competitive pricing strategy contribute to its growing popularity among developers and enterprises.

Segment nΒ°4 -> Professional Services and Other

Expected Growth : 13.43 %

What the company do ?

Professional Services and Other from GitLab Inc. refers to revenue generated from consulting, implementation, and training services, as well as other miscellaneous revenue streams.

Why we expect these perspectives ?

GitLab's Professional Services and Other segment growth of 13.43% is driven by increasing adoption of its DevOps platform, expansion into new markets, and growing demand for consulting services. Additionally, the company's strategic partnerships and acquisitions have contributed to the growth, as well as the rising need for digital transformation and cloud migration among enterprises.

Gitlab Inc. Products

Product Range What is it ?
GitLab CI/CD A continuous integration and continuous deployment tool that automates testing, building, and deployment of software applications
GitLab Version Control A version control system that allows developers to track changes and collaborate on code
GitLab Issue Tracking A project management tool that enables teams to track and manage issues, bugs, and tasks
GitLab Project Management A project management tool that enables teams to plan, track, and deliver projects
GitLab Wiki A documentation tool that enables teams to create and share knowledge bases
GitLab Container Registry A container registry that enables teams to store and manage container images
GitLab Security and Compliance A security and compliance tool that enables teams to identify and remediate vulnerabilities
GitLab Monitoring and Observability A monitoring and observability tool that enables teams to monitor and troubleshoot applications

GitLab Inc.'s Porter Forces

GitLab's products are highly specialized and customized, making it difficult for substitutes to emerge.

While customers have some bargaining power due to the availability of alternative solutions, GitLab's strong brand and customer loyalty mitigate this force.

GitLab's suppliers have limited bargaining power due to the company's strong market position and ability to negotiate favorable terms.

While new entrants may emerge, GitLab's established brand, strong customer base, and high barriers to entry make it difficult for new competitors to gain traction.

The DevOps and software development market is highly competitive, with many established players and new entrants vying for market share.

Capital Structure

Value
Debt Weight 0.07%
Debt Cost 3.95%
Equity Weight 99.93%
Equity Cost 6.41%
WACC 6.41%
Leverage 0.07%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
PCOR Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and …
RIOT Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As …
NCNO nCino, Inc., a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, …
FROG JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software …
BSY Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
58.25$
Current Price
58.25$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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