SMARTSHEET INC-CLASS A (SMAR) Stock Fundamental Analysis
NYSE:SMAR - New York Stock Exchange, Inc. - US83200N1037 - Common Stock - Currency: USD
Taking everything into account, SMAR scores 5 out of 10 in our fundamental rating. SMAR was compared to 285 industry peers in the Software industry. While SMAR seems to be doing ok healthwise, there are quite some concerns on its profitability. SMAR is growing strongly while it is still valued neutral. This is a good combination!
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
SMAR has a Return On Assets (-0.61%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of -1.22%, SMAR is in the better half of 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
Looking at the Gross Margin, with a value of 81.68%, SMAR belongs to the top of the industry, outperforming 85.30% of the companies in the same industry.
SMAR's Gross Margin has been stable in the last couple of years.
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
The number of shares outstanding for SMAR has been increased compared to 5 years ago.
The debt/assets ratio for SMAR is higher compared to a year ago.
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 better Altman-Z score (6.71) than 70.25% of its industry peers.
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.
The Debt to FCF ratio of SMAR (0.00) is better than 81.36% of its industry peers.
SMAR has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
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
SMAR has a Current Ratio of 1.51. This is a normal value and indicates that SMAR is financially healthy and should not expect problems in meeting its short term obligations.
SMAR has a Current ratio (1.51) which is comparable to the rest of the industry.
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 (1.51) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 168.42% over the past year.
Looking at the last year, SMAR shows a quite strong growth in Revenue. The Revenue has grown by 18.55% in the last year.
The Revenue has been growing by 40.08% on average over the past years. This is a very strong growth!
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
The Earnings Per Share is expected to grow by 26.33% on average over the next years. This is a very strong growth
Based on estimates for the next years, SMAR will show a quite strong growth in Revenue. The Revenue will grow by 17.25% on average per year.
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
Based on the Price/Earnings ratio of 36.91, the valuation of SMAR can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of SMAR indicates a somewhat cheap valuation: SMAR is cheaper than 68.46% of the companies listed in the same industry.
SMAR is valuated rather expensively when we compare the Price/Earnings ratio to 28.92, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 34.70, SMAR can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, SMAR is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
SMAR is valuated expensively when we compare the Price/Forward Earnings ratio to 21.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.91 | ||
| Fwd PE | 34.7 |
4.2 Price Multiples
73.12% of the companies in the same industry are more expensive than SMAR, based on the Price/Free Cash Flow ratio.
| 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 Change-0.45%
Ins Owners1.08%
Ins Owner Change-54.87%
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