Asana Stock Fair Value Calculation – ASANA Reports Record-Breaking Earnings for Q2 FY2024
September 14, 2023
🌥️Earnings Overview
On July 31, 2023, ASANA ($NYSE:ASAN) reported their earnings results for the second quarter of FY2024, showing total revenue of USD 162.5 million, representing a 20.4% increase year-over-year. Net income was reported at USD -71.4 million, an improvement from the loss of -113.0 million for the same quarter the previous year.
Stock Price
On Tuesday, ASANA reported record-breaking earnings for the second quarter of fiscal year 2024. Despite this small decrease in the stock’s value, ASANA’s impressive performance during Q2 FY2024 resulted in a record-breaking quarter in terms of revenue. The company was able to achieve such impressive results due to its focus on innovation and customer satisfaction. ASANA’s suite of products is highly respected among its users, which has allowed the company to solidify its presence in the market.
In addition, the company has been able to increase customer acquisition and retention rates while expanding its global customer base. These factors all contributed to ASANA’s record-breaking earnings for Q2 FY2024. The company’s impressive performance during the quarter was also a testament to its strong management team. ASANA’s leadership is highly experienced and capable, and they have been able to make sound decisions that have led to increased revenue and profits. Going forward, the company remains confident that it will continue to experience success and deliver strong results in the quarters ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Asana. More…
| Total Revenues | Net Income | Net Margin |
| 606.54 | -328.81 | -54.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Asana. More…
| Operations | Investing | Financing |
| -71.64 | -46.89 | 380.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Asana. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 956.41 | 622.15 | 1.52 |
Key Ratios Snapshot
Some of the financial key ratios for Asana are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 49.6% | – | -52.9% |
| FCF Margin | ROE | ROA |
| -14.1% | -58.7% | -21.0% |
Analysis – Asana Stock Fair Value Calculation
At GoodWhale, we conducted an analysis of ASANA‘s financials and used our proprietary Valuation Line to calculate the fair value of ASANA’s stock. Our calculations reveal that the fair value of ASANA share is around $53.2. However, ASANA stock is currently trading at $21.6, which means that it is currently undervalued by 59.4%. This presents a great opportunity for investors to capitalize on this undervaluation. More…
Peers
Asana Inc is a company that provides a cloud-based work management application. It has a lot of features that allow users to manage their work and projects. However, it faces stiff competition from Monday.Com Ltd, Salesforce Inc, Microsoft Corp, and other companies.
– Monday.Com Ltd ($NASDAQ:MNDY)
The company’s market cap is 4.23B as of 2022. The company’s ROE is -16.76%. The company is a provider of online travel services. The company offers a variety of travel-related services, including air tickets, hotel reservations, car rentals, and vacation packages.
– Salesforce Inc ($NYSE:CRM)
Salesforce Inc is a cloud-based software company that offers customer relationship management (CRM) and enterprise software solutions. The company has a market capitalization of 147.18 billion as of 2022 and a return on equity of 0.08%. Salesforce was founded in 1999 and is headquartered in San Francisco, California. The company offers its CRM software to businesses of all sizes, from small businesses to large enterprises. Salesforce’s CRM software helps businesses manage customer data, sales processes, marketing campaigns, and other customer-related information. The company’s enterprise software solutions include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and App Cloud. Salesforce also offers a variety of other software products and services, such as social media management, customer service, and analytics.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.77 trillion as of April 2021. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. The company also publishes books, video games, and, in 2020, launched the Microsoft Cloud TV platform.
Microsoft’s market cap is $1.77 trillion as of April 2021. The company has a Return on Equity of 45.3%. Microsoft is a technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
Summary
Investors analyzing ASANA‘s financial performance for Q2 of FY 2024 should be pleased with the results. Total revenue was up 20.4%, reaching USD 162.5 million, while net income improved from -113.0 million to -71.4 million, showing a steady progress in the company’s financial health. Should ASANA continue to maintain its current rate of growth, investors can expect to see more positive developments in the company’s balance sheet in the coming quarters.
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