Smartsheet Inc Stock Fair Value – SMARTSHEET INC Reports FY2024 Q2 Earnings Results as of July 31 2023
September 10, 2023
🌥️Earnings Overview
SMARTSHEET INC ($NYSE:SMAR) reported their FY2024 Q2 earnings results as of July 31 2023, on September 7. Total revenue for the quarter was USD 235.6 million, an increase of 26.2% year-over-year. Net income for the period was USD -33.4 million, compared to a loss of -62.3 million in the same period of the prior year.
Price History
On Thursday, SMARTSHEET INC reported their earnings results for the second quarter of their fiscal year 2024, as of July 31, 2023. The company opened stock at $39.6 and closed at $40.4, down by 0.8% from the previous closing price of 40.7. Overall, SMARTSHEET INC reported mixed results in their second quarter FY2024 despite the slight drop in their stock price, indicating the company’s continuing growth and strong financial position. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Smartsheet Inc. More…
| Total Revenues | Net Income | Net Margin |
| 867.38 | -146.1 | -16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Smartsheet Inc. More…
| Operations | Investing | Financing |
| 101.45 | -108.96 | 15.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Smartsheet Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.16k | 623.74 | 4.03 |
Key Ratios Snapshot
Some of the financial key ratios for Smartsheet Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 38.5% | – | -17.9% |
| FCF Margin | ROE | ROA |
| 10.2% | -18.5% | -8.3% |
Analysis – Smartsheet Inc Stock Fair Value
At GoodWhale, we performed an analysis of SMARTSHEET INC‘s fundamentals and determined that the fair value of its share is around $80.1. This figure was calculated using our proprietary Valuation Line. At the current market price of $40.4, SMARTSHEET INC stock appears to be significantly undervalued by 49.5%. We strongly recommend investors to take advantage of this opportunity and purchase SMARTSHEET INC’s stocks while it is still traded at a discounted price. More…
Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($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
Investors should take note of the recent quarterly performance of SMARTSHEET INC, as reported on September 7, 2023. The company reported total revenue of USD 235.6 million, representing a growth of 26.2% year over year.
Additionally, they posted a net income of -33.4 million, compared to a loss of -62.3 million in the previous year. This shows a strong improvement for the company, indicating potential opportunities for long-term investors. It is important to keep an eye on the company’s financials and upcoming performance over the next few quarters to get a better picture of the overall investment prospects.
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