No conviction changes recorded
Fair Value Distribution — percentile bands
26.9% of simulations place fair value above current price
WHAT IS PRICED IN
Revenue-Based Reverse DCF
12.9%/yr
±3.5% · revenue growth to justify current price
FCF-Based Reverse DCF
13.1%/yr
±3.1% · FCF growth to justify current price
THE GAP
Market pricing margin compression or rising capex
KEY VALUE DRIVERS
Spearman correlation — what moves this valuation most
Eagle will generate this view by the next trading session (~6h).
Eagle will generate this view by the next trading session (~6h).
Q1 FY26: Revenue +21% YoY to .8M. License surge +56% YoY to M drove 1,180bps GAAP op margin expansion to 32.2%. Non-GAAP op margin 45.1%. FCF M. Kepware/ThingWorx divestiture (M+) on track for close b...
Q1 FY26 (Dec 2025): ARR +13% to $2.49B (8% CC), revenue +21% to $686M driven by 56% license surge. Operating margin expanded 1,180 bps to 32.2%. FCF $267M (+13%). Divesting Kepware/ThingWorx for up to...
PTC delivered impressive Q1 results: revenue +21% YoY to M, ARR +13% to .49B, operating margin expanded 1,180 bps to 32%, and net income +102% to M. License revenue surged 56% driven by longer, higher...