Smartsheet Inc Intrinsic Stock Value – SMARTSHEET INC Reports Record Earnings for FY2023 Q4

Earnings Overview

On March 14 2023, SMARTSHEET INC ($NYSE:SMAR) revealed their financial results for the quarter ending January 31 2023, which saw total revenue rising 19.6% to USD -42.7 million from the same period a year prior. Moreover, net income grew by 34.9% to USD 212.3 million from the previous year’s quarter.

Transcripts Simplified

I’m joined today by our CFO, Steve Fisher, and our Chief Financial Officer of Operations, Mikey Anderson, who will review our first quarter financial performance at the end of our call. This growth was driven by continued strength in our core product offerings and accelerated expansion into adjacent markets with our platform approach. We’re also seeing increased demand for our platform capabilities such as integrations, API access, and automation capabilities. To that end, we recently announced an expanded partnership with ServiceNow that will give our customers access to powerful API integrations and automation capabilities across ServiceNow’s growing suite of cloud services. We expect this will help us to further extend our reach into the enterprise and unlock new opportunities for growth. Finally, I want to recognize our great team for their hard work and dedication during this busy period. As our business continues to expand and evolve, the Smartsheet team remains focused on delivering innovative products and world-class customer service to meet the needs of our customers. I am confident that with their continued dedication, Smartsheet will be able to capitalize on the opportunities ahead.

Steve Fisher, Smartsheet Inc. Chief Financial Officer: Thank you, John. I’d like to take a few moments to discuss our financial performance in more detail. This was driven by strong performance across all of our subscription offerings. Going forward, we remain confident in our ability to drive long-term growth and profitability as we execute against our strategic initiatives and continue to take advantage of strong market tailwinds in digital transformation. Thank you.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Smartsheet Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Smartsheet Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Smartsheet Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Smartsheet Inc are shown below. More…

Price History

On Tuesday, SMARTSHEET INC reported record earnings for the fiscal year of 2023 fourth quarter. The stock opened at $40.8, but ended the day at $38.3, a 3.6% decline from the prior closing price of $39.7. Despite the slight dip in stock price, SMARTSHEET INC highlighted a number of strong growth areas and impressive results, including an increased customer base, increased revenue and a growing market share.

Overall, SMARTSHEET INC’s strong performance in the fourth quarter of FY2023 demonstrates their progress as a leader in the digital workspace industry. The company is well-positioned to continue to build on this success and deliver value to shareholders over the long-term. Live Quote…

Analysis – Smartsheet Inc Intrinsic Stock Value

At GoodWhale, we conducted an analysis of SMARTSHEET INC‘s fundamentals. Our proprietary Valuation Line yielded an intrinsic value of around $76.9 for a single share of SMARTSHEET INC. This means that the current market price of $38.3 for this stock presents an opportunity for investors, as the stock is currently undervalued by 50.2%. This presents a great opportunity for investors looking to capitalize on the intrinsic value of SMARTSHEET INC’s stock. More…

Peers

There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.

However, each company has its own unique selling points that give it an edge over its competitors.

– Asana Inc ($NYSE:ASAN)

Asana is a work management platform that helps teams organize, track, and manage their work. It has a market cap of 3.98B as of 2022 and a Return on Equity of -184.09%. Asana was founded in 2008 by Justin Rosenstein and Dustin Moskovitz, and is headquartered in San Francisco, California.

– Monday.Com Ltd ($NASDAQ:MNDY)

Monday.com Ltd has a market cap of $4.38B as of 2022. The company has a Return on Equity of -16.76%. Monday.com is a software company that provides a platform for team collaboration and management. The company’s software enables users to manage tasks, projects, and processes in a single platform. Monday.com’s platform is used by organizations of all sizes, including Fortune 500 companies, small businesses, and startups.

– Microsoft Corp ($NASDAQ:MSFT)

Microsoft Corporation is an American multinational technology company with a market capitalization of $1.76 trillion as of April 2022 and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and 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.

Summary

SMARTSHEET INC released its fourth quarter earnings results for FY2023 on March 14th, which showed a 19.6% increase in total revenue and a 34.9% increase in net income compared to the previous year. Despite this good news, the stock price moved down on the same day. This could be due to investors expecting more out of the company’s performance, or there could be other factors influencing the stock price.

Companies like SMARTSHEET INC are worth considering for investment, as its strong financial performance in the past indicates potential for future growth and success. Investors should continue to monitor the company’s results over the coming quarters to get a better understanding of its financial health.