SMARTSHEET INC-CLASS A (SMAR) Stock Fundamental Analysis
NYSE:SMAR - New York Stock Exchange, Inc. - US83200N1037 - Common Stock - Currency: USD
SMAR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 283 industry peers in the Software industry. The financial health of SMAR is average, but there are quite some concerns on its profitability. SMAR is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year SMAR was profitable.
In the past year SMAR had a positive cash flow from operations.
In the past 5 years SMAR always reported negative net income.
In multiple years SMAR reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of SMAR (-0.61%) is comparable to the rest of the industry.
With a decent Return On Equity value of -1.22%, SMAR is doing good in the industry, outperforming 60.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.61% | ||
| ROE | -1.22% | ||
| 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 (81.68%) than 85.30% of its industry peers.
In the last couple of years the Gross Margin of SMAR has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for SMAR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.68% |
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.
Compared to 1 year ago, SMAR has more shares outstanding
SMAR has more shares outstanding than it did 5 years ago.
SMAR has a worse debt/assets ratio than last year.
2.2 Solvency
SMAR has an Altman-Z score of 6.71. This indicates that SMAR is financially healthy and has little risk of bankruptcy at the moment.
SMAR has a Altman-Z score of 6.71. This is in the better half of the industry: SMAR outperforms 70.25% of its industry peers.
SMAR has a debt to FCF ratio of 0.00. This is a very positive value and a sign of high solvency as it would only need 0.00 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.00, SMAR belongs to the top of the industry, outperforming 81.36% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that SMAR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.00, SMAR is in the better half of the industry, outperforming 68.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.71 |
ROIC/WACCN/A
WACC11%
2.3 Liquidity
A Current Ratio of 1.51 indicates that SMAR should not have too much problems paying its short term obligations.
SMAR has a Current ratio (1.51) which is in line with its industry peers.
A Quick Ratio of 1.51 indicates that SMAR should not have too much problems paying its short term obligations.
SMAR has a Quick ratio of 1.51. This is comparable to the rest of the industry: SMAR outperforms 45.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
SMAR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 168.42%, which is quite impressive.
Looking at the last year, SMAR shows a quite strong growth in Revenue. The Revenue has grown by 18.55% in the last year.
Measured over the past years, SMAR shows a very strong growth in Revenue. The Revenue has been growing by 40.08% on average per year.
EPS 1Y (TTM)168.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%168.75%
Revenue 1Y (TTM)18.55%
Revenue growth 3Y35.47%
Revenue growth 5Y40.08%
Sales Q2Q%16.65%
3.2 Future
Based on estimates for the next years, SMAR will show a very strong growth in Earnings Per Share. The EPS will grow by 26.33% on average per year.
The Revenue is expected to grow by 17.25% on average over the next years. This is quite good.
EPS Next Y73.14%
EPS Next 2Y39.19%
EPS Next 3Y32.99%
EPS Next 5Y26.33%
Revenue Next Year17.1%
Revenue Next 2Y16.11%
Revenue Next 3Y16.31%
Revenue Next 5Y17.25%
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 36.91, which means the current valuation is very expensive for SMAR.
68.46% 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 (29.75), we can say SMAR is valued slightly more expensively.
A Price/Forward Earnings ratio of 34.70 indicates a quite expensive valuation of SMAR.
Based on the Price/Forward Earnings ratio, SMAR is valued a bit cheaper than 66.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.44. SMAR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.91 | ||
| Fwd PE | 34.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMAR indicates a somewhat cheap valuation: SMAR is cheaper than 73.12% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.76 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SMAR's 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 32.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.5
PEG (5Y)N/A
EPS Next 2Y39.19%
EPS Next 3Y32.99%
5. Dividend
5.1 Amount
No dividends for SMAR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
56.47
+0.01 (+0.02%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners82.7%
Inst Owner Change2.09%
Ins Owners1.08%
Ins Owner Change-56.14%
Market Cap7.91B
Analysts66.96
Price Target56.5 (0.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)42.56%
Min EPS beat(2)38.6%
Max EPS beat(2)46.52%
EPS beat(4)4
Avg EPS beat(4)46.87%
Min EPS beat(4)18.2%
Max EPS beat(4)84.16%
EPS beat(8)8
Avg EPS beat(8)240.17%
EPS beat(12)12
Avg EPS beat(12)174.32%
EPS beat(16)16
Avg EPS beat(16)145.98%
Revenue beat(2)0
Avg Revenue beat(2)-1.04%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)-0.9%
Revenue beat(4)0
Avg Revenue beat(4)-0.9%
Min Revenue beat(4)-1.36%
Max Revenue beat(4)-0.18%
Revenue beat(8)3
Avg Revenue beat(8)-0.2%
Revenue beat(12)7
Avg Revenue beat(12)0.33%
Revenue beat(16)11
Avg Revenue beat(16)0.98%
PT rev (1m)0%
PT rev (3m)-0.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.27%
EPS NY rev (1m)0%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.91 | ||
| Fwd PE | 34.7 | ||
| P/S | 7.3 | ||
| P/FCF | 35.76 | ||
| P/OCF | 34.01 | ||
| P/B | 11.15 | ||
| P/tB | 14.45 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.53
EY2.71%
EPS(NY)1.63
Fwd EY2.88%
FCF(TTM)1.58
FCFY2.8%
OCF(TTM)1.66
OCFY2.94%
SpS7.74
BVpS5.07
TBVpS3.91
PEG (NY)0.5
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.61% | ||
| ROE | -1.22% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.68% | ||
| FCFM | 20.41% |
ROA(3y)-14.77%
ROA(5y)-13.79%
ROE(3y)-31.85%
ROE(5y)-27.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score8
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 40.45% | ||
| Cap/Sales | 1.05% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | 6.71 |
F-Score8
WACC11%
ROIC/WACCN/A
Cap/Depr(3y)61.45%
Cap/Depr(5y)68.14%
Cap/Sales(3y)2.11%
Cap/Sales(5y)2.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)168.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%168.75%
EPS Next Y73.14%
EPS Next 2Y39.19%
EPS Next 3Y32.99%
EPS Next 5Y26.33%
Revenue 1Y (TTM)18.55%
Revenue growth 3Y35.47%
Revenue growth 5Y40.08%
Sales Q2Q%16.65%
Revenue Next Year17.1%
Revenue Next 2Y16.11%
Revenue Next 3Y16.31%
Revenue Next 5Y17.25%
EBIT growth 1Y75.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year167.18%
EBIT Next 3Y53.87%
EBIT Next 5Y22.64%
FCF growth 1Y2459.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7052.37%
OCF growth 3YN/A
OCF growth 5YN/A