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Progress Software Corporation PRGS | NASDAQ

$36.58 -$3.39 | -8.48%

SIGNAL:

|2026-09-10 |F&G 36 |RSI 35.8

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Company Overview:

Market Cap: $1.50B

Trailing PE: 17.8x

FWD PE *: 6x

Payout Ratio (TTM): 0.6%

52-Week Range: $23.82 - $47.37

* Forward PE is based on street estimates.

10 Year PRGS Performance Metrics:

Total Return (with DRIP): 49.9% (4.13% CAGR)

Total Return (no DRIP): 51.5% (4.24% CAGR)

Share Price: 32.9% (2.88% CAGR)

Yield on Cost (with DRIP): 2.87%

Total Invested: $10,000

Total Value (with DRIP): $14,987

Total Return $ (with DRIP): $4,987

Dividend Increase: 40.0% (4.44% CAGR)

Dividend Yield (FWD): 1.91% ($0.70)

PRGS 10-yr Total Return ($10K invested)

1M 3M 6M YTD 1Y 3Y 5Y 10Y

PRGS Share Price

1M 3M 6M YTD 1Y 3Y 5Y 10Y All

PRGS Price CAGR:1Y: -19.11%2Y: -25.44%5Y: -5.99%10Y: 3.01%

PRGS Dividend Charts

PRGS - Dividends

PRGS Dividend CAGR:1Y: 0.00%2Y: 0.00%5Y: 2.46%10Y: 4.44%

PRGS - Dividend Payout Ratio

PRGS Dividend Payout Ratio CAGR:1Y: -56.45%2Y: -87.61%5Y: -57.93%10Y: 0.00%

PRGS - Dividend to Free Cash Flow Ratio

PRGS Dividend to FCF Ratio CAGR:1Y: -79.34%2Y: -87.08%5Y: -57.24%10Y: 0.00%

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PRGS Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

PRGS - Revenue

PRGS Revenue CAGR:1Y: 6.79%2Y: 20.32%5Y: 15.66%10Y: 10.18%

PRGS - Earnings Per Share (EPS)

PRGS EPS CAGR:1Y: 28.21%2Y: 16.25%5Y: 10.76%10Y: 13.58%

PRGS - Net Income

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PRGS Net Income CAGR:1Y: 23.75%2Y: 14.09%5Y: 9.22%10Y: 11.22%

PRGS - EBITDA

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PRGS EBITDA CAGR:1Y: -38.40%2Y: -8.79%5Y: 5.13%10Y: 7.46%

PRGS - Free Cash Flow

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PRGS Free Cash Flow CAGR:1Y: 160.92%2Y: 9.45%5Y: 7.45%10Y: 11.66%

PRGS - Free Cash Flow / Share

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PRGS Free Cash Flow / Share CAGR:1Y: 167.28%2Y: 10.98%5Y: 8.35%10Y: 13.58%

PRGS - Operating Income

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PRGS Operating Income CAGR:1Y: 21.73%2Y: 22.39%5Y: 16.10%10Y: 14.31%

PRGS - Gross Profit

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PRGS Gross Profit CAGR:1Y: 9.75%2Y: 28.32%5Y: 15.12%10Y: 10.07%

PRGS - Shares Outstanding

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PRGS Shares Outstanding CAGR:1Y: -3.71%2Y: -1.66%5Y: -0.89%10Y: -1.68%

PRGS - Share Buybacks

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PRGS Share Buybacks CAGR:1Y: 73.45%2Y: -16.66%5Y: 11.64%10Y: -3.93%

PRGS - Stock-Based Comp

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PRGS Stock-Based Comp CAGR:1Y: 22.51%2Y: 30.79%5Y: 19.65%10Y: 12.54%

PRGS - Expenses

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PRGS Expenses CAGR:1Y: 276.57%2Y: 39.71%5Y: 14.43%10Y: 4.47%

PRGS - Revenue vs Net Income

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PRGS - EPS vs FCF / Share

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PRGS - EPS vs PE Ratio

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PRGS - FCF vs FCF / Share

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PRGS - FCF vs Stock Based Comp

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PRGS - Cash & Debt

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PRGS - Revenue by Segment

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PRGS Revenue CAGR:1Y: 6.79%2Y: 20.32%5Y: 15.66%10Y: 10.18%

PRGS - Revenue by Region

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PRGS Revenue CAGR:1Y: 6.79%2Y: 20.32%5Y: 15.66%10Y: 10.18%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

PRGS - REVENUE: Actual + Estimates

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PRGS Actual Revenue CAGR:1Y: 6.79%2Y: 20.32%5Y: 15.66%10Y: 10.18%

PRGS - EPS: Actual + Estimates

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PRGS Actual EPS CAGR:1Y: 28.21%2Y: 16.25%5Y: 10.76%10Y: 13.58%

PRGS - NET INCOME: Actual + Estimates

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PRGS Actual Net Income CAGR:1Y: 23.75%2Y: 14.09%5Y: 9.22%10Y: 11.22%

PRGS - EBITDA: Actual + Estimates

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PRGS Actual EBITDA CAGR:1Y: -38.40%2Y: -8.79%5Y: 5.13%10Y: 7.46%

Ratios, Profit Margins & Return on Capital:

PRGS - Net Profit Margin

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PRGS Net Profit Margin CAGR:1Y: 15.90%2Y: -5.22%5Y: -5.57%10Y: 0.94%

PRGS - Gross Profit Margin

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PRGS Gross Profit Margin CAGR:1Y: 2.77%2Y: 6.65%5Y: -0.46%10Y: -0.10%

PRGS - Price to Earnings

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PRGS Price to Earnings CAGR:1Y: -54.10%2Y: -27.72%5Y: -13.63%10Y: -8.95%

PRGS - Price To Sales Ratio

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PRGS Price To Sales Ratio CAGR:1Y: -47.55%2Y: -31.56%5Y: -18.48%10Y: -8.12%

PRGS - Return on Capital Employed

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PRGS Return on Capital Employed CAGR:1Y: 4.94%2Y: -0.35%5Y: 1.26%10Y: 2.34%

PRGS - Return on Invested Capital

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PRGS Return on Invested Capital CAGR:1Y: 11.21%2Y: -3.41%5Y: -0.79%10Y: 3.41%

PRGS Dividends Info:

Annual Dividend: $0.7

Forward Yield: 1.91%

Ex-Dividend Date: 2024-08-30

Lifetime Dividends / Share: $5.14

PRGS Dividend History: Dates, Payments & Yield list

Below is a schedule of all PRGS dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date	Payment Date	Amount	Yield	Forward Yield	Price on Ex-Date
08/30/2024	09/16/2024	$0.175	1.2%	1.2%	$58.16
06/03/2024	06/17/2024	$0.175	1.39%	1.41%	$49.50
02/29/2024	03/15/2024	$0.175	1.31%	1.33%	$52.58
11/30/2023	12/15/2023	$0.175	1.3%	1.28%	$54.83
08/31/2023	09/15/2023	$0.175	1.15%	1.23%	$56.74
05/31/2023	06/15/2023	$0.175	1.17%	1.22%	$57.50
02/28/2023	03/15/2023	$0.175	1.22%	1.23%	$57.00
11/30/2022	12/15/2022	$0.175	1.31%	1.37%	$51.03
08/31/2022	09/15/2022	$0.175	1.45%	1.61%	$43.41
05/31/2022	06/15/2022	$0.175	1.45%	1.46%	$47.94
02/28/2022	03/15/2022	$0.175	1.59%	1.59%	$43.91
11/30/2021	12/15/2021	$0.175	1.44%	1.46%	$48.05
08/31/2021	09/15/2021	$0.175	1.5%	1.52%	$46.18
05/28/2021	06/15/2021	$0.175	1.57%	1.49%	$47.00
02/26/2021	03/15/2021	$0.175	1.65%	1.54%	$45.40
11/30/2020	12/15/2020	$0.175	1.75%	1.62%	$43.09
08/31/2020	09/15/2020	$0.165	1.74%	1.85%	$35.66
05/29/2020	06/15/2020	$0.165	1.63%	1.69%	$38.96
02/28/2020	03/16/2020	$0.165	1.77%	2.15%	$30.76
11/29/2019	12/16/2019	$0.165	1.57%	1.59%	$41.39
08/29/2019	09/16/2019	$0.155	1.64%	1.52%	$40.82
05/31/2019	06/17/2019	$0.155	1.51%	1.5%	$41.23
02/28/2019	03/15/2019	$0.155	1.69%	1.69%	$36.72
11/30/2018	12/17/2018	$0.155	1.76%	1.83%	$33.94
08/30/2018	09/17/2018	$0.140	1.38%	1.34%	$41.65
05/31/2018	06/15/2018	$0.140	1.48%	1.44%	$38.92
02/28/2018	03/15/2018	$0.140	1.19%	1.35%	$41.35
11/30/2017	12/15/2017	$0.140	1.35%	1.34%	$41.83
08/30/2017	09/15/2017	$0.125	1.51%	1.34%	$37.31
05/30/2017	06/15/2017	$0.125	1.7%	1.72%	$29.13
02/27/2017	03/15/2017	$0.125	1.72%	1.72%	$29.01
11/29/2016	12/15/2016	$0.125	1.67%	1.59%	$31.38

Projected Future Returns & Dividends for PRGS

Based on past 10-year performance, here are PRGS growth metrics:

Share price CAGR of +3.01%
Dividend CAGR of +4.44%

Using PRGS CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

	PRGS (DRIP)	PRGS - No DRIP
Current Price	$36.58	$36.58
Start Shares	273.37	273.37
Start Value	$10,000	$10,000

After 10 years:
Final Share Count	334.98	273.37
Dividends Payment	$0.27	$0.27
Annual Dividends	$362	$295
Yield on cost	3.62%	2.95%
Share Price	$49.19	$49.19
Total Dividends	$2,606	$2,344
Final Value	$16,479	$15,793

Estimated Future Value + Dividends - PRGS

NOTE: Above numbers are our estimate based on PRGS's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Progress Software Corporation (PRGS) had its IPO on 1991-07-30, and is traded on NASDAQ stock exchange.

Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.

PRGS website: https://www.progress.com

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DCF Model — PRGS

Value from:

EPS (TTM)icompany profit per share over the last 12 months

EPS Growth %ihow fast profit per share grows each of the next 5 years — prefilled with what analysts expect

EPS growth after year 5 (forever)ithe slower pace once the fast 5 years are over — only drives years 6-10 of the price path below

Exit multiple (PE in 5 yrs)iwhat buyers pay per $1 of profit in 2031 — prefilled with today’s forward PE

Desired return %/yrithe yearly return you want from buying today — the S&P has done ~14%/yr, ask for more from a single stock

FCF growth %/yr (next 5 yrs)ihow fast free cash flow grows while the company is still expanding fast

Years of fast FCF growthihow many years the fast growth lasts before the business settles down

FCF growth after year 5 (forever)ithe slow, steady pace once the company is mature — usually 2-3%, near inflation. Must stay below your target return

Risk-free rate %iwhat a 10-yr US treasury pays with zero risk — the floor any risky stock must beat

Your target return %/yrithe yearly return you want for taking this risk — rule of thumb: risk-free rate + extra for risk

FCF base ($M, TTM)ilast 12 months of free cash flow, added up from reported quarters

Include dividends in returnidividends hand you part of the return in cash, so the share price needs to climb less

Pay up to today

—

vs current price $36.58

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Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today

—

grows for the next years

Then mature

—

every future dollar counted back to today

Pile of today-dollars

—

÷ shares

Implied price path

Year	FCF	Implied price

Sensitivity — fair value: growth ↓ × target return →