Smartsheet: Super Financials With Outstanding Enterprise Execution
Summary
- Smartsheet is a work management software provider, which can be used for project management and team collaboration across multiple industries.
- The company reported strong financial results for the fourth quarter of FY23, as it beat both revenue and earnings growth estimates.
- My discounted cash flow valuation model indicates SMAR stock is undervalued intrinsically and relative to historic multiples.
- Smartsheet is aggressively expanding across enterprise customers and its customers with $100,000 or more in ARR increased by a rapid 45% year over year to 1,484.
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