Unity Software Financials

U Stock  USD 29.29  1.73  5.58%   
Based on the measurements of operating efficiency obtained from Unity Software's historical financial statements, Unity Software may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At this time, Unity Software's Liabilities Non Current is comparatively stable as compared to the past year. Trade and Non Trade Payables is likely to gain to about 578 M in 2024, whereas Cash and Equivalents is likely to drop slightly above 1.4 B in 2024. Key indicators impacting Unity Software's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt to Equity Ratio1.21.33
Moderately Down
Slightly volatile
Current Ratio2.892.69
Notably Up
Slightly volatile
The financial analysis of Unity Software is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Unity Software includes many different criteria found on its balance sheet. For example, investors should never minimize Unity Software's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Unity Software's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Unity Software.

Cash and Equivalents

1.39 Billion

With this module, you can analyze Unity financials for your investing period. You should be able to track the changes in Unity Software individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Unity Software Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Unity Software's financial statements are interrelated, with each one affecting the others. For example, an increase in Unity Software's assets may result in an increase in income on the income statement.
Evaluating Unity Software's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Unity Software's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Unity Software's relative financial performance

Chance Of Distress

Over 57

 
100  
 
Zero
Above Average
Unity Software has more than 57 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Unity Software stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Unity Software's odds of distress score SHOULD NOT be confused with the real chance of Unity Software filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Unity is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Unity Software's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Unity Software's official financial statements usually reflect Unity Software's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Unity Software. For example, before you start analyzing numbers published by Unity accountants, it's critical to develop an understanding of what Unity Software's liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of Unity Software's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Unity Software's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Unity Software's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Unity Software. Please utilize our Beneish M Score to check the likelihood of Unity Software's management manipulating its earnings.

Unity Software Company Summary

Unity Software competes with C3 Ai, Kingsoft Cloud, Eventbrite, and Daily Journal. Unity Software Inc. creates and operates an interactive real-time 3D content platform. The company was founded in 2004 and is headquartered in San Francisco, California. Unity Software operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 5245 people.
Specialization
Information Technology, Software - Application
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS91332U1016
CUSIP91332U101
LocationCalifornia; U.S.A
Business Address30 3rd Street,
SectorSoftware
IndustryInformation Technology
BenchmarkNYSE Composite
Websiteunity.com
Phone415 539 3162
CurrencyUSD - US Dollar
You should never invest in Unity Software without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Unity Stock, because this is throwing your money away. Analyzing the key information contained in Unity Software's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Unity Software Key Financial Ratios

Generally speaking, Unity Software's financial ratios allow both analysts and investors to convert raw data from Unity Software's financial statements into concise, actionable information that can be used to evaluate the performance of Unity Software over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Unity Software reports annually and quarterly.

Unity Software Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets762.9M2.7B4.8B7.8B9.0B9.7B
Current Assets367.4M2.1B2.2B2.4B2.7B2.3B
Assets Non Current395.4M590.6M2.7B5.5B6.3B6.8B
Cash and Equivalents147.1M1.3B1.1B1.5B1.7B1.4B
Deferred Revenue96.6M134.4M156.5M321.5M369.8M399.0M
Total Liabilities368.9M634.1M2.4B4.1B4.7B5.1B
Current Liabilities336.5M503.2M626.2M1.0B1.2B927.6M

Unity Software Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Unity Software's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Consolidated Income(163.2M)(282.3M)(532.6M)(919.5M)(827.5M)(849.3M)
Cost of Revenue118.6M172.3M253.6M442.5M508.9M549.0M
Gross Profit423.2M600.1M856.9M948.5M1.1B936.3M
Interest Expense2.6M5.4M(435K)212K190.8K195.8K
Net Income(163.2M)(282.3M)(532.6M)(921.1M)(829.0M)(850.8M)
Operating Expenses573.9M874.9M1.4B1.8B2.1B1.7B
Operating Income(150.7M)(274.8M)(531.7M)(882.2M)(794.0M)(814.9M)
Revenues541.8M772.4M1.1B1.4B1.6B1.3B
Income Tax Expense9.9M2.1M1.4M37.1M42.6M46.0M

Unity Software Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Unity Software. It measures of how well Unity is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Unity Software brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Unity had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Unity Software has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Capital Expenditure(27.0M)(40.2M)(41.9M)(57.1M)(51.4M)(55.5M)
Depreciation Amortization and Accretion31.1M43.0M64.6M211.6M243.3M262.5M
Net Cash Flow or Change in Cash and Cash Equivalents(126.2M)1.1B(227.3M)439.1M505.0M411.6M
Net Cash Flow Business Acquisitions and Disposals(192.5M)(52.5M)(1.6B)121.5M109.4M118.0M
Issuance Purchase of Equity Shares185.6M1.6B66.7M(1.4B)(1.3B)(1.3B)
Net Cash Flow from Financing161.5M1.7B1.7B(226.6M)(260.6M)(267.5M)
Net Cash Flow from Investing(219.5M)(575.2M)(1.8B)723.2M650.9M702.3M
Net Cash Flow from Operations(67.9M)19.9M(111.4M)(59.4M)(53.5M)(57.7M)
Effect of Exchange Rate Changes on Cash(172K)673K459K1.9M2.2M2.4M
Share Based Compensation44.5M134.6M347.2M550.1M632.6M682.5M

Unity Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Unity Software's current stock value. Our valuation model uses many indicators to compare Unity Software value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Unity Software competition to find correlations between indicators driving Unity Software's intrinsic value. More Info.
Unity Software is rated first in return on asset category among related companies. It is rated first in gross profit category among related companies . At this time, Unity Software's Gross Profit is comparatively stable as compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Unity Software by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Unity Software's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Unity Software's earnings, one of the primary drivers of an investment's value.

Unity Software Systematic Risk

Unity Software's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Unity Software volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Unity Software correlated with the market. If Beta is less than 0 Unity Software generally moves in the opposite direction as compared to the market. If Unity Software Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Unity Software is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Unity Software is generally in the same direction as the market. If Beta > 1 Unity Software moves generally in the same direction as, but more than the movement of the benchmark.
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About Unity Software Financials

What exactly are Unity Software Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Unity Software's income statement, its balance sheet, and the statement of cash flows. Potential Unity Software investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Unity Software investors may use each financial statement separately, they are all related. The changes in Unity Software's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Unity Software's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Unity Software Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Unity Software is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Unity has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Unity Software's financials are consistent with your investment objective using the following steps:
  • Review Unity Software's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Unity Software's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Unity Software's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Unity Software's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Unity Software Thematic Clasifications

Unity Software is part of several thematic ideas from Business Services to Online Gaming. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas

Unity Software February 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Unity Software help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Unity Software. We use our internally-developed statistical techniques to arrive at the intrinsic value of Unity Software based on widely used predictive technical indicators. In general, we focus on analyzing Unity Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Unity Software's daily price indicators and compare them against related drivers.
When determining whether Unity Software is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Unity Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Unity Software Stock. Highlighted below are key reports to facilitate an investment decision about Unity Software Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Software. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running Unity Software's price analysis, check to measure Unity Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.
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Is Unity Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Unity Software. If investors know Unity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Unity Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.33)
Revenue Per Share
5.409
Quarterly Revenue Growth
0.685
Return On Assets
(0.08)
Return On Equity
(0.30)
The market value of Unity Software is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Software's value that differs from its market value or its book value, called intrinsic value, which is Unity Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Unity Software's market value can be influenced by many factors that don't directly affect Unity Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Unity Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.