Splunk Inc Stock Fair Value Calculator – SPLUNK INC Reports Total Revenue of USD 910.6 Million for Q2 FY 2024, Up 14.0% from Prior Year
August 25, 2023
🌥️Earnings Overview
On July 31 2023, SPLUNK INC ($NASDAQ:SPLK) announced their financial results for the second quarter of Fiscal Year 2024, reporting total revenue of USD 910.6 million, representing a 14.0% increase from the same period last year. The company also reported a net income of USD -63.2 million, an improvement from the -209.7 million reported in the same quarter of FY2023.
Analysis – Splunk Inc Stock Fair Value Calculator
GoodWhale has conducted an analysis of SPLUNK INC’s wellbeing and calculated the intrinsic value of its shares to be approximately $168.6 using our proprietary Valuation Line. This figure is significantly higher than the current market price of $99.9, indicating that SPLUNK INC is currently undervalued by 40.7%. This presents a great opportunity for investors looking to capitalize on the company’s potential and buy low before the market corrects itself. Splunk Inc has shown strong performance in recent years, so an investment now could prove to be lucrative in the long run. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Splunk Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.84k | -23.5 | -0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Splunk Inc. More…
| Operations | Investing | Financing |
| 826.54 | 52.03 | -103 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Splunk Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.08k | 6.12k | -0.24 |
Key Ratios Snapshot
Some of the financial key ratios for Splunk Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.9% | – | 0.9% |
| FCF Margin | ROE | ROA |
| 20.9% | -21.4% | 0.3% |
Peers
The market for operational intelligence is growing rapidly as more and more companies seek to gain insights into their businesses. Splunk Inc, a leading provider of operational intelligence software, is facing stiff competition from a number of well-established players, including Softline Holding PLC, OneSoft Solutions Inc, and Freee KK. While each of these companies offers a different solution, they all share a common goal: to help businesses make better decisions by providing visibility into their data.
– Softline Holding PLC ($LSE:SFTL)
Softline Holding PLC is a publicly traded company with a market capitalization of 209.41 million as of 2022. The company has a return on equity of 37.66%. Softline Holding PLC is a provider of software and services. The company offers a range of software products, including operating systems, productivity suites, and business applications. The company also provides a range of services, such as consulting, support, and training.
– OneSoft Solutions Inc ($TSXV:OSS)
OneSoft Solutions Inc is a Canadian software company that offers enterprise resource planning (ERP) solutions for businesses of all sizes. The company has a market cap of $56.71 million and a return on equity of -69.52%. OneSoft’s ERP solutions are designed to help businesses manage their finances, operations, and supply chain.
– Freee KK ($TSE:4478)
Freee KK is a Japanese holding company that operates in the internet services industry. The company offers a variety of services, including social networking, e-commerce, and web portal services. As of 2022, Freee KK had a market capitalization of 161.52 billion yen and a return on equity of -18.72%. The company’s negative return on equity indicates that it is not generating enough profit to cover its cost of equity. However, Freee KK’s large market capitalization indicates that it is a well-established company with a strong presence in the Japanese internet services industry.
Summary
Investors have been optimistic about Splunk Inc’s performance in the second quarter of Fiscal Year 2024. Total revenue rose by 14.0% to USD 910.6 million compared to the same period in the previous year, and net income was reported as USD -63.2 million, a much more positive result compared to the -209.7 million reported in the same quarter of FY2023. This strong showing has been bolstered further by Splunk Inc’s continuous progress in the development and launch of new products and services, as well as its efficient cost management strategies. As such, investors may wish to consider Splunk Inc as a potential investment option.
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