Teradata Corporation (TDC)
POSITIVEFundamental
66
Preço
$27.30
Capitalização de Mercado
$2.56B
Parte 1 · Quanto vale a empresa
Visão Geral
Teradata sells software that large companies use to store, organize and analyze their data, plus the consulting work needed to set it up. It began as a maker of specialized database hardware and has been converting that installed base into a subscription business that runs on the cloud or on a customer's own servers. Customers are mostly large enterprises — banks, retailers, telecoms — with data volumes too big and complex for off-the-shelf tools.
Como gera receita
The company is mid-transition from one-time hardware and perpetual license sales to recurring subscriptions billed monthly to multi-year, whether run in the cloud or on-premises. Recurring revenue reached 87% of the total in fiscal 2025, up from 84% a year earlier, so most revenue now renews automatically rather than being re-sold each cycle. Consulting services, billed for implementation and migration work, make up the rest alongside a shrinking sliver of upfront hardware and perpetual-license sales.
Receita por segmento
Recurring subscription revenue from cloud and on-premises data platforms, plus the remaining perpetual software licenses and hardware sold upfront.
Implementation, migration and advisory services billed to help customers set up and run the platform.
Vantagem competitiva
Custos de mudança · EstreitaOnce a large enterprise has built years of reporting, pipelines and analytics on top of Teradata, ripping it out is a multi-year, high-risk project, which keeps existing customers paying subscriptions. The moat is narrower than it looks because cloud-native rivals now win most new workloads outright, so the switching cost protects the installed base rather than growing it.
O que impulsiona a procura
Moderadamente cíclicoSubscription revenue renews on multi-year terms, which smooths results compared to a pure license business, but new bookings depend on enterprise IT budgets that tighten in a downturn and on customers actually completing their migration to the cloud platform rather than delaying it.
Principais riscos
- Late and lagging cloud transition — Teradata entered the cloud data-platform market later than rivals such as Snowflake and Databricks, which have taken significant market share. Cloud net expansion has slowed year over year, evidence the transition has not fully offset the erosion of the legacy on-premises business.
- Intense competition and pricing pressure — The company describes the data-platform market as intensely competitive, with rapid technology change and frequent price reductions from rivals, which can force Teradata to cut prices or lose deals to newer entrants.
- Uncertain AI/ML regulatory environment — As Teradata adds AI and machine-learning capabilities to its platform, it is exposed to an emerging and evolving regulatory environment whose eventual impact on the business is, by its own account, difficult to predict.
Os argumentos a favor
Buyers argue that recurring revenue at 87% of the total gives the business a stable, predictable base, that switching costs slow customer losses while the cloud transition catches up, and that AI-driven demand for enterprise data platforms gives Teradata a new growth vector on top of its installed base.
Os argumentos contra
Sellers fear that cloud-native competitors have already captured the growth end of the market, that Teradata's own cloud expansion is slowing rather than accelerating, and that the shrinking legacy on-premises business will keep dragging on total revenue faster than subscriptions can replace it.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balanço & Liquidez
Receita
$1.69B
Últimos 12 meses (até 30/06/2026)
Resultado Líquido
$458M
Últimos 12 meses (até 30/06/2026)
Fluxo de Caixa Livre
$286M
Capital Próprio Total
$230M
Passivo Total
$1.55B
Rácio de Liquidez
0.91
Cobertura de Juros
5.08
Dívida/EBITDA
0.34
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$62.89
Preço Atual
$27.30
Margem de Segurança
+56.6%
Intervalo de Valor Justo
$40.88 - $84.90
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
5.78
ROE
56.5%
Rácio P/B
4.32
P/FCF
3.48
Margem Bruta
60.8%
ROIC
12.3%
Radar de Rentabilidade
Value Creation (Economic Moat)
ROIC
12.3%
WACC
8.3%
ROIC − WACC
+4.1 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Critérios de Análise Fundamental
Aprovado (19)
- ROIC 12.3%
- Gross Margin 60.8%
- P/FCF 3.48
- Operating Margin 7.5%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- DCF valuation (Undervalued)
- ROE 114.6%
- Analyst Consensus 50% Buy
- Earnings Surprise avg 25.8%
- PEG Ratio 1.76
- Earnings Quality (OCF/NI) 1.66
- Share Dilution -2.0%
- Net Margin Trend 27.1% vs 6.6%
- Piotroski F-Score 7/9
Reprovado (8)
- EPS shows upward trend
- EPS CAGR -0.17%
- Price CAGR 0.19%
- P/B Ratio 4.32
- Debt/Equity ratio
- Low reliance on intangibles
- Price below Graham Number
- Revenue Growth 5Y -2.0%
Indisponível (1)
- Dividend Payout NaN%
Piotroski F-Score
Saúde financeira sólida
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Stephen McMillan | President, CEO & Director | 54 |
| Mr. John Ederer | Chief Financial Officer | 55 |
| Mr. Charles Smotherman | Senior VP & Chief Accounting Officer | - |
| Mr. Scot Frazier Rogers J.D. | Chief Administrative Officer & Corporate Secretary | 58 |
| Mr. Richard Petley | Chief Revenue Officer | 58 |
| Mr. Sumeet Arora | Chief Product Officer | 50 |
| Mr. Michael D. Hutchinson | Chief Operating Officer | 59 |
| Mr. Louis Landry | Chief Technology Officer | - |
| Mr. Josh Fecteau | Chief Data & AI Officer and Chief Information Officer | - |
| Mr. Chad Michael Bennett | Senior Vice President of Investor Relations & Corporate Development | - |
Risco de Auditoria
1
Risco do Conselho
3
Risco de Remuneração
5
Risco dos Direitos dos Acionistas
4
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for TDC, sourced from Markets Gazette.