Smartsheet Inc Stock Fair Value – Analysts Give Smartsheet Inc a ‘Moderate Buy’ Rating
January 6, 2024
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Analysts have given Smartsheet Inc ($NYSE:SMAR) a “Moderate Buy” rating, indicating they believe the stock is worth investing in. Smartsheet Inc is a global software-as-a-service (SaaS) company that offers a collaborative work management platform. The platform enables teams and organizations to get from concept to impact fast by providing a unique approach to work and collaboration. This approach includes an intuitive interface, enterprise-grade features, automation, and built-in emissions to make work more efficient and effective. Smartsheet Inc offers its customers with tools to plan, collaborate, automate, and report on their work, enabling them to get from concept to execution faster and more efficiently. It also helps them to manage their resources, which ultimately leads to improved productivity and increased profits. The analysts consider the company’s business model to be attractive, with a strong focus on customer service and high renewal rates.
Additionally, the company has a good track record of delivering innovative solutions in the quickly evolving industry of enterprise SaaS. They also see Smartsheet Inc having significant upside potential due to the potential for growth in both its core business model and emerging markets. In conclusion, analysts give Smartsheet Inc a “Moderate Buy” rating, indicating they believe the stock is worth investing in.
Price History
Analysts gave Smartsheet Inc a ‘moderate buy’ rating on Tuesday, showing some confidence in the company’s stock despite the slight dip in share prices. The stock opened at $47.1 and closed at $46.6, down 2.5% from the prior closing price of 47.8. This minor decrease has not deterred market analysts from recommending Smartsheet as a viable investment. With strong fundamentals, analysts remain optimistic that the stock will continue to increase in value over time. 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 Fair Value
At GoodWhale, we have conducted a thorough analysis of SMARTSHEET INC‘s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of SMARTSHEET INC share at around $74.1. However, the stock is currently being traded at $46.6, which is a 37.1% undervaluation. This presents a great opportunity to invest in SMARTSHEET INC stock and reap the benefits of potential future appreciation. More…
Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($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
Smartsheet Inc. is a cloud-based platform offering collaboration, automation, and work management tools. Analysts have given the company an overall “Moderate Buy” rating, indicating that there may be some good potential for investors. Smartsheet has seen an increase in subscriptions, customers, and licenses sold, and its customer base is growing. The company offers a variety of services including project management, collaboration, and process automation.
It also offers a variety of integrations with other popular applications to help automate tasks. With its strong growth potential, Smartsheet Inc. offers investors an attractive opportunity to invest in a rapidly growing technology company.
