SMARTSHEET INC-CLASS A (SMAR)
US83200N1037 - Common Stock
We assign a fundamental rating of 4 out of 10 to SMAR. SMAR was compared to 279 industry peers in the Software industry. The financial health of SMAR is average, but there are quite some concerns on its profitability. SMAR is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year SMAR was profitable.
SMAR had a positive operating cash flow in the past year.
In the past 5 years SMAR always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: SMAR reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of -3.11%, SMAR is in line with its industry, outperforming 53.41% of the companies in the same industry.
Looking at the Return On Equity, with a value of -6.32%, SMAR is in line with its industry, outperforming 53.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.11% | ||
| ROE | -6.32% | ||
| ROIC | N/A |
ROA(3y)-14.77%
ROA(5y)-13.79%
ROE(3y)-31.85%
ROE(5y)-27.21%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SMAR has a better Gross Margin (81.61%) than 86.02% of its industry peers.
SMAR's Gross Margin has been stable in the last couple of years.
SMAR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.61% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.15%
GM growth 5Y-0.11%
2. Health
2.1 Basic Checks
SMAR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SMAR has been increased compared to 1 year ago.
The number of shares outstanding for SMAR has been increased compared to 5 years ago.
Compared to 1 year ago, SMAR has a worse debt to assets ratio.
2.2 Solvency
SMAR has an Altman-Z score of 6.69. This indicates that SMAR is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.69, SMAR is in the better half of the industry, outperforming 71.68% of the companies in the same industry.
The Debt to FCF ratio of SMAR is 0.00, which is an excellent value as it means it would take SMAR, only 0.00 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.00, SMAR belongs to the best of the industry, outperforming 82.80% of the companies in the same industry.
SMAR has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SMAR (0.00) is better than 68.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.69 |
ROIC/WACCN/A
WACC11.9%
2.3 Liquidity
A Current Ratio of 1.45 indicates that SMAR should not have too much problems paying its short term obligations.
SMAR's Current ratio of 1.45 is in line compared to the rest of the industry. SMAR outperforms 44.44% of its industry peers.
A Quick Ratio of 1.45 indicates that SMAR should not have too much problems paying its short term obligations.
SMAR has a Quick ratio (1.45) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.45 |
3. Growth
3.1 Past
SMAR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 215.00%, which is quite impressive.
The Revenue has grown by 20.16% in the past year. This is a very strong growth!
SMAR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 40.08% yearly.
EPS 1Y (TTM)215%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%175%
Revenue 1Y (TTM)20.16%
Revenue growth 3Y35.47%
Revenue growth 5Y40.08%
Sales Q2Q%17.33%
3.2 Future
The Earnings Per Share is expected to grow by 26.28% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 16.81% on average over the next years. This is quite good.
EPS Next Y67.98%
EPS Next 2Y38.3%
EPS Next 3Y31.67%
EPS Next 5Y26.28%
Revenue Next Year17%
Revenue Next 2Y16.11%
Revenue Next 3Y16.47%
Revenue Next 5Y16.81%
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 44.34, which means the current valuation is very expensive for SMAR.
64.16% of the companies in the same industry are more expensive than SMAR, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SMAR to the average of the S&P500 Index (28.96), we can say SMAR is valued expensively.
A Price/Forward Earnings ratio of 34.77 indicates a quite expensive valuation of SMAR.
Based on the Price/Forward Earnings ratio, SMAR is valued a bit cheaper than 63.44% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SMAR to the average of the S&P500 Index (23.82), we can say SMAR is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.34 | ||
| Fwd PE | 34.77 |
4.2 Price Multiples
SMAR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SMAR is cheaper than 65.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.62 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SMAR's earnings are expected to grow with 31.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y38.3%
EPS Next 3Y31.67%
5. Dividend
5.1 Amount
No dividends for SMAR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SMARTSHEET INC-CLASS A
NYSE:SMAR (11/21/2024, 8:04:00 PM)
After market: 55.87 0 (0%)55.87
-0.07 (-0.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap7.78B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.34 | ||
| Fwd PE | 34.77 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.11% | ||
| ROE | -6.32% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.61% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.45 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)215%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y67.98%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)20.16%
Revenue growth 3Y35.47%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y