Smartsheet Inc Stock Intrinsic Value – SMARTSHEET INC Reports Second Quarter FY2024 Earnings Results for Period Ending September 7 2023
September 13, 2023
🌥️Earnings Overview
SMARTSHEET INC ($NYSE:SMAR) reported total revenue of USD 235.6 million for the second quarter of FY2024, ending September 7 2023, representing a year-over-year increase of 26.2%.
Price History
On Thursday, SMARTSHEET INC reported second quarter Fiscal Year 2024 earnings results for the period ending on September 7 2023. Results showed that the company’s stock opened at $39.6 and eventually closed at $40.4, a decrease of 0.8% from the prior closing price of 40.7. SMARTSHEET INC is an enterprise software company that provides businesses with a platform to manage their projects and operations more efficiently. The company has grown significantly in the past few years due to the increased demand for its versatile and easy-to-use platform. Analysts have noted that the company’s stock price is still relatively low compared to its peers in the industry and could potentially grow further if the company is able to deliver on its promises of increased efficiency and productivity.
However, some investors are concerned about the company’s ability to execute its plans going forward due to the competitive nature of the market. Despite the short-term volatility, analysts are optimistic about SMARTSHEET INC’s future prospects and believe that the company is on track for long-term success. Going forward, investors should keep an eye on the company’s performance and outlook in order to better assess its potential for growth. 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 Intrinsic Value
At GoodWhale, we have conducted an analysis of the wellbeing of SMARTSHEET INC. After an in-depth evaluation of the company’s financials and potential future growth, we have determined that the fair value of its share is around $79.4. This was calculated using our proprietary Valuation Line. What is even more interesting is that currently, SMARTSHEET INC’s stock is being traded at $40.4 – a price that is below its fair value by 49.1%, providing an incredible opportunity for investors to get their hands on this undervalued stock. More…
Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($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
Investing in SMARTSHEET INC could be a good decision in view of its strong performance for the second quarter of FY2024, ending September 7 2023. The company reported total revenue of USD 235.6 million, a 26.2% increase year-on-year. Net income figures also improved from -62.3 million to -33.4 million over the same period. SMARTSHEET INC is showing signs of positive growth and could be a lucrative investment opportunity for those looking for a relatively safe bet.
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