Snowflake Inc.


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SKU: SNOW-1 Category:


Snowflake was often one of the top trending stocks during the NASDAQ bull run but its fortunes have reversed just like most other high-growth tech stocks after the interest rate hike. However, despite the beating that the company has taken in terms of the valuation, a positive sign is the improving operational efficiency and unit economics and continuing high growth. The $5 million-plus threshold was crossed by 10 customers on a 12-month basis for Snowflake in the recent result and they added sixteen new global 200 customers. The management continues to pursue a vertical strategy for driving growth in the enterprise. It is also worth highlighting that the company has a robust cash position with around $5 billion in cash, long and short-term investments, and cash equivalents to fund future cash burn. For enabling data science workloads and machine learning, the company is investing in the tooling for these types of workloads. Recently Snowflake announced to acquire Streamlit for $800 million. With the acquisition, a 25% increase has been seen in the number of developers who use Streamlit. We give the company a ‘Hold’ rating for its stock with a revision in target price.

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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