Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
Smartsheet (SMAR): It’s Near NOW! What Value Can it Potentially Fetch as Private Talks Heat Up and More Bidders May Circle?– Analyzing the Market Valuation, Peer Analysis and Future Growth Potential -M&A
Smartsheet (SMAR) delivered a standout Q2 FY2025 performance, with 17% year-over-year revenue growth to $276.4M and expanding Annualized Recurring Revenue (ARR) to $1.093B, reflecting strong enterprise momentum. With an impressive 50% growth in customers generating over $1M in ARR, and key expansions in top-tier enterprise accounts, the company is gaining ground in the competitive collaborative software market. Smartsheet’s AI-driven features, such as automation tools and formula generation, are setting the stage for further enterprise adoption, underscoring its innovation-driven growth strategy. The company’s recent pricing and packaging updates also show early signs of success, with strong customer engagement. Amid private equity interest from giants like Vista Equity Partners and Blackstone, Smartsheet’s valuation is in the spotlight, especially as acquisition talks heat up. Trading at a premium EV/Revenue multiple of 5.92x LTM, Smartsheet outpaces rivals such as Asana and Five9, highlighting its growth potential. The company’s operational improvements, robust cash flow, and strategic positioning make it an attractive target in the tech space. With enterprise expansion and AI integration driving future growth, Smartsheet could fetch significant value. Will it capitalize on the acquisition interest or continue to scale as a market leader in collaboration software?– Analyzing the Market Valuation, Peer Analysis and Future Growth Potential -M&A
