PTC PTC

Name: PTC Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 7, 2026

Price at analysis: $143.80

Crucible Score

75.7

B+

Quality × Value Composite

KQI — Quality

77.4

B+

Fundamental Quality Index

KVI — Value

73.5

Valuation Attractiveness Index

Crucible Verdict — PTC

PTC delivers solid fundamentals with strong financial quality (83) and durable competitive moats (81), though a weak market position (58) limits near-term momentum. The stock trades at a 22% discount to fair value despite an impressive 86% earnings beat rate under CEO Barilan's performance-focused leadership. PTC's quality metrics suggest the valuation gap should narrow as market positioning improves.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

83.0

Growth Profile

74.3

Moat Durability

81.0

Management Effectiveness

72.5

Diversification & Resilience

81.2

Market Position

58.0

Weakest dimension: Market Position (58.0)

◆ KVI Value Dimensions

DCF Margin of Safety

71.9

FCF Yield & Cash Returns

56.6

Relative Valuation

77.5

Growth-Adjusted Value

81.4

Historical Valuation

94.5

Macro Context

78.6

◆ DCF Valuation Scenarios

Bear Case

$118.52

Base Case

$175.43

Bull Case

$253.67

Price at Analysis

$143.80

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$118.52	7.0%	34.0%	9.8%
🟢 Base	$175.43	10.0%	38.0%	9.1%
🟢 Bull	$253.67	13.0%	42.0%	8.5%

Key Assumptions: PTC has demonstrated strong revenue growth (~11% CAGR over 5 years) with significant operating margin expansion from 21% to 36%, reflecting its successful SaaS transition. WACC is derived using CAPM with a 5.3% ERP given PTC's software profile and 1.06 beta, yielding 9.1% base case. Capex intensity is minimal at ~0.5% of revenue consistent with asset-light software model; FCF conversion remains robust across all scenarios with D&A declining as a percentage of revenue.

◆ Financial Snapshot

Profitability

Gross Margin84.2%

Operating Margin38.0%

Net Margin28.6%

ROIC13.3%

ROE8.4%

Balance Sheet

Balance SheetCR: 1.22

Cash ConversionFCF/EPS: 1.09x

Capital IntensityCapex/Rev: 0.4%

Altman Z-Score5.50 (Safe)

Piotroski F-Score8/9 (Strong)

Growth

Revenue CAGR11.0% CAGR

Earnings CAGR11.4% CAGR

Growth ConsistencyCV: 0.70

Segment Breadth2/3 growing (67%)

Quarterly TrendRev↑, Margin↑, Cash↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEONeil Barilan · 3 years

CEO Ownership7.0%

Compensation96% performance-based

Insider ActivitySelling

Capital AllocationROIC 13.3% vs WACC 4.4%

Earnings Beat Rate86% (18/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.