Snowflake Inc.

NYSE:SNOW Stock Report

Mkt Cap: US$59.4b

We’ve recently updated our valuation analysis.

Snowflake Valuation

Is SNOW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNOW?

Other financial metrics that can be useful for relative valuation.

SNOW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue24.1x
Enterprise Value/EBITDA-64.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SNOW's PS Ratio compare to its peers?

The above table shows the PS ratio for SNOW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13.7x
SHOP Shopify
12.9x17.6%US$81.4b
MDB MongoDB
19x16.8%US$27.4b
NET Cloudflare
19.8x23.1%US$22.8b
TWLO Twilio
3x10.9%US$12.5b
SNOW Snowflake
24.3x23.7%US$59.4b

Price-To-Sales vs Peers: SNOW is expensive based on its Price-To-Sales Ratio (24.3x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

How does SNOW's PE Ratio compare vs other companies in the US IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.3%
 n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.3%
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Price-To-Sales vs Industry: SNOW is expensive based on its Price-To-Sales Ratio (24.3x) compared to the US IT industry average (1.5x)

Price to Sales Ratio vs Fair Ratio

What is SNOW's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SNOW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio24.3x
Fair PS Ratio13.8x

Price-To-Sales vs Fair Ratio: SNOW is expensive based on its Price-To-Sales Ratio (24.3x) compared to the estimated Fair Price-To-Sales Ratio (13.8x).

Share Price vs Fair Value

What is the Fair Price of SNOW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SNOW ($169.07) is trading above our estimate of fair value ($130.2)

Significantly Below Fair Value: SNOW is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SNOW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$169.07
US$181.08
+7.1%
31.9%US$500.00US$105.00n/a38
Jun ’24US$167.28
US$181.08
+8.2%
31.9%US$500.00US$105.00n/a38
May ’24US$146.97
US$184.03
+25.2%
32.8%US$500.00US$105.00n/a37
Apr ’24US$154.29
US$180.82
+17.2%
33.5%US$500.00US$105.00n/a39
Mar ’24US$154.50
US$186.38
+20.6%
33.8%US$500.00US$105.00n/a39
Feb ’24US$165.22
US$185.46
+12.3%
33.8%US$500.00US$105.00n/a39
Jan ’24US$143.54
US$191.61
+33.5%
32.3%US$500.00US$105.00n/a36
Dec ’23US$154.04
US$197.51
+28.2%
31.2%US$500.00US$105.00n/a35
Nov ’23US$159.50
US$216.20
+35.5%
27.9%US$500.00US$125.00n/a35
Oct ’23US$169.96
US$219.94
+29.4%
29.4%US$530.00US$125.00n/a33
Sep ’23US$173.15
US$219.31
+26.7%
29.9%US$530.00US$125.00n/a32
Aug ’23US$150.98
US$197.05
+30.5%
37.8%US$530.00US$110.00n/a31
Jul ’23US$144.53
US$202.56
+40.2%
38.9%US$530.00US$110.00n/a31
Jun ’23US$126.15
US$204.21
+61.9%
39.8%US$530.00US$110.00US$167.2829
May ’23US$171.44
US$312.52
+82.3%
22.2%US$530.00US$190.00US$146.9729
Apr ’23US$234.81
US$319.79
+36.2%
21.5%US$530.00US$190.00US$154.2929
Mar ’23US$263.19
US$388.67
+47.7%
14.7%US$575.00US$290.00US$154.5027
Feb ’23US$283.76
US$391.41
+37.9%
14.9%US$575.00US$290.00US$165.2227
Jan ’23US$338.75
US$395.73
+16.8%
14.5%US$575.00US$295.00US$143.5426
Dec ’22US$311.00
US$361.92
+16.4%
17.9%US$575.00US$275.00US$154.0426
Nov ’22US$357.73
US$328.19
-8.3%
15.9%US$515.00US$234.00US$159.5026
Oct ’22US$303.72
US$321.11
+5.7%
15.7%US$515.00US$234.00US$169.9626
Sep ’22US$301.02
US$314.43
+4.5%
16.7%US$515.00US$234.00US$173.1525
Aug ’22US$265.72
US$289.63
+9.0%
19.6%US$515.00US$204.00US$150.9825
Jul ’22US$236.75
US$289.00
+22.1%
19.7%US$515.00US$204.00US$144.5325
Jun ’22US$240.81
US$278.96
+15.8%
12.5%US$350.00US$204.00US$126.1524

Analyst Forecast: Target price is less than 20% higher than the current share price.

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