This is why some Snowflake investors are worried


In today’s video I watch fundamentals, valuation measures and recent news for Snowflake (NYSE: SNOW). On June 10, 2021, Snowflake released its investor presentation, and the company is forecasting approximately $ 10 billion in revenue for its fiscal year (FY) 2029. Below, I share some highlights from the video.

  1. Future income projections could cause some investors to question the company’s current valuation of $ 71 billion. It’s important to note that so much can happen between now and Snowflake’s 2029 fiscal year that these projections can change in record time and make the company more or less attractive in terms of price.
  2. Snowflake management estimates that even by fiscal 2029, Snowflake will still be an impressive growth machine with approximately 30% year-over-year revenue growth and an adjusted free cash flow margin. by 15%.

Click on the video below for my full thoughts and analysis.

* The stock prices used were the midday prices of June 11, 2021. The video was published on June 11, 2021.

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Jose najarro has no position in any of the stocks mentioned. The Motley Fool owns stock and recommends Snowflake Inc. The Motley Fool has a disclosure policy. Jose is a subsidiary of The Motley Fool and may be remunerated for the promotion of its services. If you choose to subscribe via his link, he will earn extra money to support his channel. His opinions remain his own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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