Description
This is our first report on SaaS player, nCino Inc. The company’s third quarter fiscal 2024 performance presented both opportunities and challenges in the midst of a complex economic environment. The company announced a significant product win in relation to a consumer lending deal with an enterprise bank in the United States of over $200 billion. Their progress in the maturation of the consumer lending product was seen as encouraging and is viewed as validation
of their momentum in this area. Furthermore, nCino’s US mortgage business continued to grow, as demonstrated by a double-digit revenue growth in this area despite lower origins and an increase in Independent Mortgage Banker (IMB) churn.
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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