Smartsheet Inc Stock Intrinsic Value – SMARTSHEET INC Reports FY2024 Q3 Earnings Results on December 7 2023
December 14, 2023
🌥️Earnings Overview
On December 7 2023, SMARTSHEET INC ($NYSE:SMAR) reported its financial results for the third quarter of FY2024, ending October 31 2023. The company earned total revenue of USD 245.9 million, representing an increase of 23.2% year-on-year. Net income was reported to be USD -32.4 million, compared to the prior year’s -40.1 million.
Price History
On Thursday, December 7 2023, SMARTSHEET INC reported to the market its earnings results for the third quarter of its fiscal year 2024. The stock opened at $44.3 and closed at $44.9, registering a 0.3% increase compared to the last closing price of 44.7. Although the stock showed a slight increase of 0.3%, SMARTSHEET INC’s revenue for this quarter was a marked improvement over the same quarter last year. In addition to these impressive financial results, SMARTSHEET INC also announced the launch of several new features and products that they plan to roll out in the coming months.
These new products and services are expected to attract new customers to the platform and further enhance the company’s offerings. Overall, SMARTSHEET INC had a successful quarter and is well-positioned to continue delivering positive results in the future. 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 |
| 913.73 | -138.39 | -15.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Smartsheet Inc. More…
| Operations | Investing | Financing |
| 118.37 | -97.86 | 18.03 |
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 |
| 1.2k | 646.43 | 4.12 |
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 |
| 37.2% | – | -16.2% |
| FCF Margin | ROE | ROA |
| 11.5% | -16.9% | -7.7% |
Analysis – Smartsheet Inc Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of SMARTSHEET INC‘s wellbeing and arrived at an intrinsic value of $75.6 through our proprietary Valuation Line. This means that the stock is currently being traded at a price of $44.9, which is 40.6% below its true value. This suggests that the stock is currently undervalued and could be a lucrative investment for current or potential shareholders. More…
Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($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 may be cautiously optimistic about SMARTSHEET INC after their third quarter earnings report for FY2024. Revenue was up 23.2% to USD 245.9 million, compared to the previous year, however, net income was still reported at a loss of USD -32.4 million. This is an improvement from the -40.1 million reported the previous year. Still, investors should remain cautious with this stock until SMARTSHEET INC is able to post a sustained positive net income.
