Snowflake Inc Intrinsic Stock Value – SNOWFLAKE INC Reports Second Quarter Earnings for FY2024
September 7, 2023
🌥️Earnings Overview
On August 23 2023, SNOWFLAKE INC ($NYSE:SNOW) released their earnings results for the second quarter of FY2024, ending on July 31 2023. Total revenue amounted to USD 674.0 million, an increase of 35.5% year over year. Net income was reported at -226.9 million, down from -222.8 million reported in the same quarter of the prior year.
Share Price
The stock opened at $151.9 and closed at $155.7, up by 2.0% from the prior closing price of 152.6, signifying a profitable quarter for the company. Analysts have responded positively to the company’s results, citing their impressive growth in terms of revenue and profits. Additionally, the company’s strong cash position has been acknowledged as a key driver of its success, allowing it to invest in strategic initiatives. Going forward, analysts are expecting SNOWFLAKE INC to continue its impressive performance and deliver strong returns to its investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Snowflake Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.44k | -860.6 | -34.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Snowflake Inc. More…
| Operations | Investing | Financing |
| 679.23 | -472.82 | -364.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Snowflake Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.51k | 2.21k | 16.22 |
Key Ratios Snapshot
Some of the financial key ratios for Snowflake Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 82.4% | – | -41.1% |
| FCF Margin | ROE | ROA |
| 24.3% | -11.9% | -8.4% |
Analysis – Snowflake Inc Intrinsic Stock Value
We at GoodWhale recently conducted an analysis of SNOWFLAKE INC‘s wellbeing. Using our proprietary Valuation Line, we found that the intrinsic value of SNOWFLAKE INC’s share is around $464.9. Unfortunately, the stock is currently trading at $155.7, which represents an undervaluation of 66.5%. This provides investors with a great opportunity to purchase SNOWFLAKE INC stock at a discount. The findings of our analysis demonstrate the potential for strong returns for those who invest in SNOWFLAKE INC now. More…
Peers
Snowflake Inc is a data warehouse company that was founded in 2012. The company has raised over $1.4 billion in funding and is currently valued at $12 billion. Snowflake competes with Teradata, Palantir, Microsoft, and other data warehouse companies.
– Teradata Corp ($NYSE:TDC)
Teradata is a provider of data warehousing and analytic solutions. The company’s products and services include data warehouse platforms, big data analytics, and consulting services. Teradata’s products and services are used by companies in a variety of industries, including healthcare, finance, retail, and telecommunications.
As of 2022, Teradata had a market capitalization of 3.1 billion dollars and a return on equity of 37.85%. Teradata’s strong market position and high ROE are indicative of the company’s success in the data warehousing and analytics market. Teradata’s products and services are in high demand by companies looking to gain insights from their data. The company is well-positioned to continue its success in the future.
– Palantir Technologies Inc ($NYSE:PLTR)
Palantir Technologies Inc is a software company that specializes in big data analysis. The company went public in 2020 and has a market cap of 16.84B as of 2022. The company has a Return on Equity of -13.19%.
Palantir was founded in 2004 by a group of Stanford computer scientists who were interested in using big data to solve complex problems. The company has since grow to become a leading provider of big data solutions to both the public and private sectors. Palantir’s products are used by governments and organizations around the world to detect and prevent crime, track and manage assets, and understand and analyze large data sets.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of 1.76 trillion as of 2022. It has a Return on Equity (ROE) 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
Snowflake Inc. reported their earnings results for the second quarter of FY2024, ending on August 23 2023. Total revenue grew 35.5% year-over-year to USD 674.0 million. Net income was -226.9 million, a slight decrease from the previous year.
For investors, this indicates that the company is continuing to grow at a strong rate, yet still struggling to turn a profit. Despite these results, the company remains a solid investment opportunity as its growth potential is still high going forward.
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