Is Smartsheet Stock a Good Investment?
Smartsheet Investment Advice | SMAR |
- Examine Smartsheet's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Smartsheet's leadership team and their track record. Good management can help Smartsheet navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Smartsheet's business and its evolving consumer preferences.
- Compare Smartsheet's performance and market position to its competitors. Analyze how Smartsheet is positioned in terms of product offerings, innovation, and market share.
- Check if Smartsheet pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Smartsheet's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Smartsheet stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Smartsheet is a good investment.
Sell | Buy |
Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Smartsheet Stock
Researching Smartsheet's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 90.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.42. Smartsheet recorded a loss per share of 0.32. The entity had not issued any dividends in recent years. The firm had a split on the 20th of June 2005.
To determine if Smartsheet is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Smartsheet's research are outlined below:
| The company reported the previous year's revenue of 958.34 M. Net Loss for the year was (104.63 M) with profit before overhead, payroll, taxes, and interest of 601.63 M. | |
| Over 90.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates SMAR, MNTX, SBT, MKFG on Behalf of ... |
Smartsheet Quarterly Liabilities And Stockholders Equity |
|
Smartsheet uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Smartsheet. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Smartsheet's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 12th of March 2024 Upcoming Quarterly Report | View | |
| 5th of June 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 12th of March 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of January 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Smartsheet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Smartsheet's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-03-15 | 2022-01-31 | -0.15 | -0.12 | 0.03 | 20 | ||
2020-03-17 | 2020-01-31 | -0.16 | -0.13 | 0.03 | 18 | ||
2019-12-04 | 2019-10-31 | -0.18 | -0.15 | 0.03 | 16 | ||
2024-06-05 | 2024-04-30 | 0.27 | 0.32 | 0.05 | 18 | ||
2021-06-02 | 2021-04-30 | -0.14 | -0.09 | 0.05 | 35 | ||
2018-09-04 | 2018-07-31 | -0.13 | -0.08 | 0.05 | 38 | ||
2019-06-05 | 2019-04-30 | -0.18 | -0.12 | 0.06 | 33 | ||
2018-06-04 | 2018-04-30 | -0.18 | -0.12 | 0.06 | 33 |
Know Smartsheet's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Smartsheet is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Smartsheet backward and forwards among themselves. Smartsheet's institutional investor refers to the entity that pools money to purchase Smartsheet's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-06-30 | 2.2 M | Capital World Investors | 2024-09-30 | 2.2 M | Hawk Ridge Management Llc | 2024-09-30 | 1.9 M | Timessquare Capital Management, Llc | 2024-09-30 | 1.9 M | Jacobs Levy Equity Management, Inc. | 2024-06-30 | 1.8 M | Marshall Wace Asset Management Ltd | 2024-06-30 | 1.8 M | Dorsey Asset Management, Llc | 2024-09-30 | 1.5 M | Jpmorgan Chase & Co | 2024-06-30 | 1.5 M | Test Hedge Fund Mgmt | 2024-09-30 | 1.4 M | Vanguard Group Inc | 2024-09-30 | 13.9 M | Blackrock Inc | 2024-06-30 | 8.5 M |
Smartsheet's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.78 B.Market Cap |
|
Smartsheet's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.09) | (0.09) | |
| Return On Capital Employed | (0.19) | (0.20) | |
| Return On Assets | (0.08) | (0.08) | |
| Return On Equity | (0.17) | (0.18) |
Determining Smartsheet's profitability involves analyzing its financial statements and using various financial metrics to determine if Smartsheet is a good buy. For example, gross profit margin measures Smartsheet's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Smartsheet's profitability and make more informed investment decisions.
Smartsheet's Earnings Breakdown by Geography
Evaluate Smartsheet's management efficiency
Smartsheet has return on total asset (ROA) of (0.0354) % which means that it has lost $0.0354 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0701) %, meaning that it created substantial loss on money invested by shareholders. Smartsheet's management efficiency ratios could be used to measure how well Smartsheet manages its routine affairs as well as how well it operates its assets and liabilities. As of 11/22/2024, Return On Tangible Assets is likely to drop to -0.09. In addition to that, Return On Capital Employed is likely to drop to -0.2. At this time, Smartsheet's Other Assets are relatively stable compared to the past year. As of 11/22/2024, Non Currrent Assets Other is likely to grow to about 162 M, while Net Tangible Assets are likely to drop slightly above 205.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.50 | 2.27 | |
| Tangible Book Value Per Share | 3.24 | 1.74 | |
| Enterprise Value Over EBITDA | (54.96) | (57.71) | |
| Price Book Value Ratio | 9.98 | 9.48 | |
| Enterprise Value Multiple | (54.96) | (57.71) | |
| Price Fair Value | 9.98 | 9.48 |
Evaluating the management effectiveness of Smartsheet allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Smartsheet Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Beta 0.745 |
Basic technical analysis of Smartsheet Stock
As of the 22nd of November, Smartsheet has the Semi Deviation of 0.5682, coefficient of variation of 772.37, and Risk Adjusted Performance of 0.1035. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Smartsheet, as well as the relationship between them. Please validate Smartsheet variance, as well as the relationship between the value at risk and skewness to decide if Smartsheet is priced more or less accurately, providing market reflects its prevalent price of 55.87 per share. Given that Smartsheet has jensen alpha of 0.1725, we advise you to double-check Smartsheet's current market performance to make sure the company can sustain itself at a future point.Smartsheet's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Smartsheet insiders, such as employees or executives, is commonly permitted as long as it does not rely on Smartsheet's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Smartsheet insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Smartsheet's Outstanding Corporate Bonds
Smartsheet issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Smartsheet uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Smartsheet bonds can be classified according to their maturity, which is the date when Smartsheet has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Smartsheet's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Smartsheet's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1035 | |||
| Market Risk Adjusted Performance | 4.02 | |||
| Mean Deviation | 0.7569 | |||
| Semi Deviation | 0.5682 | |||
| Downside Deviation | 0.8993 | |||
| Coefficient Of Variation | 772.37 | |||
| Standard Deviation | 1.44 | |||
| Variance | 2.08 | |||
| Information Ratio | 0.0536 | |||
| Jensen Alpha | 0.1725 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | 4.01 | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 3.28 | |||
| Downside Variance | 0.8088 | |||
| Semi Variance | 0.3228 | |||
| Expected Short fall | (0.91) | |||
| Skewness | 2.48 | |||
| Kurtosis | 9.14 |
| Risk Adjusted Performance | 0.1035 | |||
| Market Risk Adjusted Performance | 4.02 | |||
| Mean Deviation | 0.7569 | |||
| Semi Deviation | 0.5682 | |||
| Downside Deviation | 0.8993 | |||
| Coefficient Of Variation | 772.37 | |||
| Standard Deviation | 1.44 | |||
| Variance | 2.08 | |||
| Information Ratio | 0.0536 | |||
| Jensen Alpha | 0.1725 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | 4.01 | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 3.28 | |||
| Downside Variance | 0.8088 | |||
| Semi Variance | 0.3228 | |||
| Expected Short fall | (0.91) | |||
| Skewness | 2.48 | |||
| Kurtosis | 9.14 |
Consider Smartsheet's intraday indicators
Smartsheet intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Smartsheet stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Smartsheet Corporate Filings
F4 | 19th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 14th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 4th of November 2024 Other Reports | ViewVerify | |
| 28th of October 2024 Other Reports | ViewVerify |
Smartsheet Stock media impact
Far too much social signal, news, headlines, and media speculation about Smartsheet that are available to investors today. That information is available publicly through Smartsheet media outlets and privately through word of mouth or via Smartsheet internal channels. However, regardless of the origin, that massive amount of Smartsheet data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Smartsheet news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Smartsheet relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Smartsheet's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Smartsheet alpha.
Smartsheet Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Smartsheet can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Smartsheet Historical Investor Sentiment
Investor biases related to Smartsheet's public news can be used to forecast risks associated with an investment in Smartsheet. The trend in average sentiment can be used to explain how an investor holding Smartsheet can time the market purely based on public headlines and social activities around Smartsheet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Smartsheet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Smartsheet and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Smartsheet news discussions. The higher the estimate score, the more favorable the investor's outlook on Smartsheet.
Smartsheet Corporate Management
| Kara Hamilton | Chief People and Culture Officer | Profile | |
| Michael Hubbard | Chief Officer | Profile | |
| Jolene JD | Chief Secretary | Profile | |
| Eric Browne | CoFounder Management | Profile | |
| Magdalena Yesil | Independent Director | Profile | |
| Aaron Turner | Director Relations | Profile |
Additional Tools for Smartsheet Stock Analysis
When running Smartsheet's price analysis, check to measure Smartsheet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.