MongoDB, Inc.


SKU: MDB Category:


This is our first report on database major, MongoDB. The company delivered yet another all round beat in the previous result with a staggering 57% growth year over year. The revenue generated by Atlas alone increased by 82% year over year and accounted for 60% of MongoDB’s total revenue. The consumption of Atlas’ wide range of applications has historically increased significantly and the management has also launched a pay-as-you-go offering. Besides, their medium- and long-term growth is primarily driven by adding new workloads, with the growth of existing applications playing a much smaller role. MongoDB is on track to steadily overtake other data platforms as modern applications continue to push the boundaries of innovation on a grand scale. While the macro environment has grown more difficult, the company continues to benefit from cloud migration across the industry. We initiate coverage on MongoDB with a ‘Hold’ rating on their stock.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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