Technology • NASDAQ
According to Zyberno, Five9, Inc. (FIVN) shows a Value Trap signal — GOOD BUSINESS (65/100) with an apparent Margin of Safety of +61.8%, but a Brina Gap of -1.3% reveals the current price still assumes faster growth than the business can deliver.
According to Zyberno's DCF model, Five9, Inc. (FIVN) trades at $34.05 against an estimated intrinsic value per share of $89.18 — a +61.8% Margin of Safety based on Owner Earnings of $216.24M TTM, projected at 33.9% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -1.3% weakens the case: based on the company's ROIC (6.7%) and reinvestment rate (296.2%), the business can fundamentally grow at 19.9% — but the current enterprise value implies the market expects 21.2%. This places FIVN in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 45.5% annually.
Over the trailing twelve months, FIVN generated $216.24M in Owner Earnings. Capital was deployed as follows: $10.01M returned via share buybacks, $25.50M invested in capital expenditures. Reinvestment rate: 296.2%. Owner Earnings have grown at 33.9% annually over the trailing five years using log-linear regression.