Financial Survey: GitLab (GTLB) and Its Rivals

GitLab (NASDAQ:GTLB) is one of 953 public companies in the “Software” industry, but how does it contrast to its competitors? We will compare GitLab to related businesses based on the strength of its profitability, institutional ownership, analyst recommendations, valuation, dividends, earnings and risk.

Analyst Recommendations

This is a summary of recent ratings and target prices for GitLab and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
GitLab	3	18	7	0	2.14
GitLab Competitors	5733	21475	44789	1493	2.57

GitLab presently has a consensus target price of $52.33, suggesting a potential upside of 4.91%. As a group, “Software” companies have a potential upside of 28.20%. Given GitLab’s competitors stronger consensus rating and higher possible upside, analysts clearly believe GitLab has less favorable growth aspects than its competitors.

Earnings & Valuation

This table compares GitLab and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
GitLab	$955.22 million	-$55.96 million	-155.89
GitLab Competitors	$1.81 billion	$385.92 million	108.87

GitLab’s competitors have higher revenue and earnings than GitLab. GitLab is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares GitLab and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
GitLab	-4.99%	-1.28%	-0.77%
GitLab Competitors	-612.69%	20.88%	-8.98%

Institutional & Insider Ownership

95.0% of GitLab shares are held by institutional investors. Comparatively, 41.8% of shares of all “Software” companies are held by institutional investors. 10.6% of GitLab shares are held by insiders. Comparatively, 19.9% of shares of all “Software” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Risk & Volatility

GitLab has a beta of 0.96, indicating that its share price is 4% less volatile than the S&P 500. Comparatively, GitLab’s competitors have a beta of 1.34, indicating that their average share price is 34% more volatile than the S&P 500.

Summary

GitLab competitors beat GitLab on 10 of the 13 factors compared.

GitLab Company Profile

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It 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. The company helps organizations to plan, build, secure, and deploy software to drive business outcomes. It 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. GitLab Inc. was founded in 2011 and is headquartered in San Francisco, California.