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SMAR

SmartsheetNYSE:SMAR Stock Report

Last Price

US$58.35

Market Cap

US$7.4b

7D

-5.0%

1Y

-17.3%

Updated

21 Jan, 2022

Data

Company Financials +
SMAR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SMAR Stock Overview

Smartsheet Inc. provides cloud-based platform for execution of work.

Smartsheet Competitors

Atlassian

NasdaqGS:TEAM

US$73.6b

Asana

NYSE:ASAN

US$10.0b

Microsoft

NasdaqGS:MSFT

US$2.3t

Alphabet

NasdaqGS:GOOG.L

US$1.8t

Price History & Performance

Summary of all time highs, changes and price drops for Smartsheet
Historical stock prices
Current Share PriceUS$58.35
52 Week HighUS$85.65
52 Week LowUS$51.11
Beta1.45
1 Month Change-24.81%
3 Month Change-17.72%
1 Year Change-17.26%
3 Year Change109.97%
5 Year Changen/a
Change since IPO199.23%

Recent News & Updates

Jan 10
At US$62.96, Is Smartsheet Inc. (NYSE:SMAR) Worth Looking At Closely?

At US$62.96, Is Smartsheet Inc. (NYSE:SMAR) Worth Looking At Closely?

While Smartsheet Inc. ( NYSE:SMAR ) might not be the most widely known stock at the moment, it saw significant share...

Dec 15

Smartsheet: 1 Stock To Outperform The S&P 500

Smartsheet has demonstrated continued solid execution, with growth recently accelerating to 46%. The stock price is not reflecting this yet. Smartsheet has also initiated strong billings guidance for up to 40% growth in 2022. In dollars, $900M forward billings compares to its $9B market cap. Smartsheet has meaningfully outperformed the S&P 500 over the last few years and is poised to continue to do so, with at least 60% further upside within reach.

Shareholder Returns

SMARUS SoftwareUS Market
7D-5.0%-2.1%-4.0%
1Y-17.3%9.6%6.6%

Return vs Industry: SMAR underperformed the US Software industry which returned 10.2% over the past year.

Return vs Market: SMAR underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is SMAR's price volatile compared to industry and market?
SMAR volatility
SMAR Average Weekly Movement8.1%
Software Industry Average Movement8.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: SMAR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SMAR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20052,332Mark Maderhttps://www.smartsheet.com

Smartsheet Inc. provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Dashboards that provides real-time visibility into the status of work to align individuals, managers, and executives; Portals to easily locate and access from any device the resources available for a project without IT assistance; Cardview to organize, share, and act on workflows; and Grid to keep teams on task by easily tracking multiple moving parts.

Smartsheet Fundamentals Summary

How do Smartsheet's earnings and revenue compare to its market cap?
SMAR fundamental statistics
Market CapUS$7.40b
Earnings (TTM)-US$146.62m
Revenue (TTM)US$503.32m

14.7x

P/S Ratio

-50.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMAR income statement (TTM)
RevenueUS$503.32m
Cost of RevenueUS$107.80m
Gross ProfitUS$395.51m
ExpensesUS$542.14m
Earnings-US$146.62m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.16
Gross Margin78.58%
Net Profit Margin-29.13%
Debt/Equity Ratio0%

How did SMAR perform over the long term?

See historical performance and comparison

Valuation

Is Smartsheet undervalued compared to its fair value and its price relative to the market?

31.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMAR ($58.35) is trading below our estimate of fair value ($85.55)

Significantly Below Fair Value: SMAR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SMAR is unprofitable, so we can't compare its PE Ratio to the US Software industry average.

PE vs Market: SMAR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SMAR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SMAR is overvalued based on its PB Ratio (14.5x) compared to the US Software industry average (4.9x).


Future Growth

How is Smartsheet forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-18.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMAR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SMAR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SMAR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SMAR's revenue (25.1% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: SMAR's revenue (25.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMAR is forecast to be unprofitable in 3 years.


Past Performance

How has Smartsheet performed over the past 5 years?

-31.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMAR is currently unprofitable.

Growing Profit Margin: SMAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMAR is unprofitable, and losses have increased over the past 5 years at a rate of 31.6% per year.

Accelerating Growth: Unable to compare SMAR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SMAR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20%).


Return on Equity

High ROE: SMAR has a negative Return on Equity (-28.65%), as it is currently unprofitable.


Financial Health

How is Smartsheet's financial position?


Financial Position Analysis

Short Term Liabilities: SMAR's short term assets ($573.2M) exceed its short term liabilities ($357.4M).

Long Term Liabilities: SMAR's short term assets ($573.2M) exceed its long term liabilities ($66.9M).


Debt to Equity History and Analysis

Debt Level: SMAR is debt free.

Reducing Debt: SMAR has no debt compared to 5 years ago when its debt to equity ratio was 38.5%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SMAR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SMAR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Smartsheet current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SMAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SMAR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SMAR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMAR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SMAR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.5yrs

Average management tenure


CEO

Mark Mader (50 yo)

16yrs

Tenure

US$6,498,932

Compensation

Mr. Mark P. Mader is a Director at Zoom Information, Inc. He serves as an Outside Independent Director at ZoomInfo Technologies Inc. since February 2020. He served as a member of the Board of Managers/Dire...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD6.50M) is about average for companies of similar size in the US market ($USD6.42M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SMAR's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: SMAR's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SMAR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

Smartsheet Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Smartsheet Inc.
  • Ticker: SMAR
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$7.396b
  • Shares outstanding: 126.75m
  • Website: https://www.smartsheet.com

Number of Employees


Location

  • Smartsheet Inc.
  • 10500 NE 8th Street
  • Suite 1300
  • Bellevue
  • Washington
  • 98004-4357
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:07
End of Day Share Price2022/01/20 00:00
Earnings2021/10/31
Annual Earnings2021/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.