SailPoint SAIL
United StatesTechnology · Software - InfrastructureUSD
21.20 USD (+8.3%)
25 analysts
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SailPoint, Inc. is a software company that provides identity and access management (IAM) solutions for organizations to securely manage user access to their systems and data.
Key points
from its scores- ✓Strong growth7.9
- ✕Little or no dividend0.5
- ✕Poor share-price trend1.8
- ✕Fragile balance sheet2.0
AI analysis
bottom line, main risk, context and newsRevenue growth and gross margin are attractive, but extreme leverage and lack of profitability make the risk high until it demonstrates sustained operational improvement.
SailPoint shows solid revenue growth of 16.8% and a gross margin of 66.27%, but its financial health is very weak: net debt/EBITDA of 29.41, negative operating margin (-18.85%), and negative returns on capital (ROE -2.88%, ROIC -3.19%). The demanding valuation (forward P/E 48.62, P/S 9.59) is not supported by current earnings generation.
The main risk is the combination of net debt/EBITDA of 29.41 with negative operating margins (-18.85%), leaving the company highly vulnerable to any deterioration in its ability to generate cash to cover its financial obligations.
Context and risks
SailPoint has no material exposure to current macro factors: its identity management software business does not depend significantly on commodities, shipping routes, or interest rates. Its net debt/EBITDA is very high (29.41), but as a software company with 16.8% revenue growth, the main risk is operational and business model related, not macroeconomic.
Is SailPoint stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 82% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 1.6 | 6.3 | −74% |
| Price / sales | 9.6 | 5.3 | +82% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.6 out of 10 (median for Technology: 5.3).
Average analyst target: 21.20 USD, +8.3% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.0 (sector 6.4), Growth 7.9 (sector 7.5).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- 48.6
- EV / EBITDA
- −1,151.0
- Price / book
- 1.6
- Price / sales
- 9.6
- Market cap
- 11.2B USD
- Enterprise value
- 10.9B USD
Profitability
- ROE
- −2.9%
- ROA
- −1.8%
- ROIC (approx.)
- −3.2%
- Gross margin
- 66.3%
- Operating margin
- −18.8%
- Net margin
- −16.9%
- Free cash flow
- 339.3M USD
- FCF yield
- 3.0%
Solvency
- Total debt
- 31.4M USD
- Net debt
- −278.5M USD
- Cash
- 309.8M USD
- EBITDA
- −9.5M USD
- Net debt / EBITDA
- 29.41
- Debt / equity
- 0.46
- Current ratio
- 1.23
- Quick ratio
- 1.05
Growth
- Revenue growth
- +16.8%
- EPS (TTM)
- −0.34 USD
- EPS (forward)
- 0.40 USD
Dividend
- Dividend yield
- 0.0%
Risk and market
- Analyst consensus
- Buy (25)
- Target price
- 21.20 USD
- 52-week range
- 10.30 – 23.89
Recent news
All SAIL news →Compare it with its sector
All 283 in Technology →Frequently asked questions about SailPoint
Is SailPoint stock cheap or expensive?
On Price / sales, it trades 82% above the Technology median. Valuation score: 3.6 out of 10 (median for Technology: 5.3). Average analyst target: 21.20 USD, +8.3% versus the price. This is not investment advice.
What score does SailPoint get on MeridIAn Screener?
It scores 3.9 out of 10, rank 1,988 of 2,130 (better than 7% of the companies analysed). Its strongest category is Growth (7.9) and its weakest, Dividend (0.5). Analysis of 08/10/2026.
How much is SailPoint worth on the stock market?
Its market capitalisation is 11.2B USD and its enterprise value, debt included, is 10.9B USD.
How much debt does SailPoint have?
It has more cash than debt: net cash of 278.5M USD.
Does SailPoint pay a dividend?
It pays no dividend, or almost none.
How has SailPoint stock performed over the last year?
It has fallen 9.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 10.30 and 23.89 USD. Past performance does not guarantee future results.
What do analysts think of SailPoint?
25 analysts cover it; their average recommendation is “Buy” and their average target is 21.20 USD (+8.3% versus the price). It is an estimate, not market data.