Smartsheet Inc Intrinsic Stock Value – Smartsheet Reports Record Earnings, Beating Estimates by $0.07 and Revenues by $4.6M
December 8, 2023
🌧️Trending News
Smartsheet Inc ($NYSE:SMAR). (SMARTS), a cloud-based platform for project management and collaboration, recently reported record earnings, beating analysts’ estimates. The company’s Non-GAAP earnings per share (EPS) of $0.16 was $0.07 higher than expectations.
Additionally, their revenue of $245.9M exceeded forecasts by $4.6M. Its cloud-based platform gives users the ability to plan, track and analyze projects with real-time visibility and access to important data, documents and conversations in the same workspace. The company has secured partnerships with leading technology companies such as Microsoft and Salesforce. Smartsheet Inc’s record earnings are indicative of the company’s success in transitioning to a subscription-oriented business model, which has enabled them to increase recurring revenue and drive significant growth. Going forward, Smartsheet Inc looks set to continue to leverage its platform to capitalize on the long-term trend of businesses transitioning their operations to the cloud.
Earnings
According to the report, Smartsheet Inc. earned a total revenue of $131.74M USD and net income loss of $44.17M USD. This is a decrease of 29.4% compared to last year. Over the last 3 years, Smartsheet Inc.’s total revenue grew from $131.74M USD to $235.58M USD. These impressive figures demonstrate the company’s ability to remain competitive in an ever-evolving market.
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% |
Price History
The company’s stock opened at $44.3 and closed at $44.9, up 0.3% from the previous closing price of $44.7. The strong performance was driven by increased customer adoption of its platform, particularly its enterprise customers. Smartsheet’s record results showed that the company’s initiatives to focus on the enterprise market and customer adoption are paying off, and is likely to continue driving its growth in the future. Live Quote…
Analysis – Smartsheet Inc Intrinsic Stock Value
At GoodWhale, we have conducted a thorough analysis of SMARTSHEET INC’s financials and believe that the intrinsic value of SMARTSHEET INC shares is approximately $73.2. This calculation is based on our proprietary Valuation Line method which takes into account a variety of metrics such as operating margin, return on equity and price to earnings ratio. Currently, SMARTSHEET INC shares are trading at $44.9, which means they are undervalued by 38.7%. This presents a potential opportunity for investors who see value in the stock. We believe that SMARTSHEET INC has strong potential for growth and recommend that investors take a closer look to determine if it could be a good fit for their portfolio. More…
Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($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 recently reported their earnings for the quarter, with Non-GAAP earnings per share of $0.16 beating analyst estimates by $0.07 and revenue of $245.9 million beating estimates by $4.6 million. Investors are likely to interpret these results as a positive, as the company has exceeded expectations and delivered strong financial performance. The stock price may increase, along with the company’s reputation, as a result of these strong earnings. Analysts are also likely to take note of SmartSheet’s future prospects and potential for further growth, as they watch for further positive news from the company.
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