Complete S Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
S DCF Analysis
S (SentinelOne, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2023 (Historical) | 2024 (Historical) | 2025 (Historical) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) | 2030 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $422.2M | $621.2M | $821.5M | $1.0B | $1.3B | $1.6B | $2.0B | $2.5B |
| Revenue Growth % | - | 47.1% | 32.2% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| EBIT | $-402.6M | $-378.4M | $-329.4M | $51.3M | $64.2M | $80.2M | $100.3M | $125.3M |
| EBIT Margin % | -95.4% | -60.9% | -40.1% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $-301.9M | $-283.8M | $-247.0M | $38.5M | $48.1M | $60.2M | $75.2M | $94.0M |
| NOPAT Margin % | -71.5% | -45.7% | -30.1% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $18.8M | $18.8M | $27.1M | $46.3M | $55.0M | $65.3M | $77.5M | $92.0M |
| Capex / Revenue % | 4.5% | 3.0% | 3.3% | 4.5% | 4.3% | 4.1% | 3.9% | 3.7% |
| Depreciation | $29.7M | $38.9M | $29.3M | $57.7M | $72.2M | $90.2M | $112.8M | $141.0M |
| D&A / Revenue % | 7.0% | 6.3% | 3.6% | 5.6% | 5.6% | 5.6% | 5.6% | 5.6% |
| Change in NWC | $-1.1B | $265.8M | $-251.1M | $0 | $0 | $0 | $0 | $0 |
| NWC Change / Revenue % | -259.3% | 42.8% | -30.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unlevered FCF | $803.9M | $-529.5M | $6.2M | $50.0M | $65.3M | $85.1M | $110.5M | $142.9M |
| UFCF % Chg. | - | -165.9% | 101.2% | 702.7% | 30.8% | 30.3% | 29.8% | 29.4% |
| FCF / Revenue % | 190.4% | -85.2% | 0.8% | 4.9% | 5.1% | 5.3% | 5.5% | 5.7% |
| Discount Factor | - | - | - | 0.928 | 0.862 | 0.800 | 0.743 | 0.690 |
| Present Value of FCF | - | - | - | $46.4M | $56.3M | $68.1M | $82.1M | $98.6M |
| Sum of PV of UFCF | - | - | - | $46.4M | $102.7M | $170.8M | $252.8M | $351.4M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 5.9% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 4.4% |
| Risk Free Rate | 4.37% |
| Market Risk Premium | 4.3% |
| Beta | 0.77 |
| Cost of Equity | 7.7% |
| Total Debt | $0 |
| Market Cap | $5.8B |
| Total Capital | $5.8B |
| Debt Weighting | 0.0% |
| Equity Weighting | 100.0% |
| WACC | 7.7% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $142.9M |
| Terminal Value | $2.8B |
| PV of Terminal Value | $1.9B |
| Cumulative PV of UFCF | $351.4M |
| Net Debt | $-186.6M |
| Equity Value | $2.5B |
| Shares Outstanding | 314.8M |
| Implied Share Price | $8 |
| Current Share Price | $18 |
| Implied Upside/(Downside) | -56.5% |
Valuation Summary
$7.86
Implied Price
$18.09
Current Price
-56.5%
Upside/Downside
7.7%
WACC
S Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 11 peer companies in Technology
P/E Ratio
$-25.43
-240.6%
Peer Median: 28.3x
EV/EBITDA
$0.00
-100.0%
Peer Median: 23.1x
P/S Ratio
$21.34
+18.0%
Peer Median: 8.3x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for S's business model and current situation.
Multiple Comparison
| Multiple | S Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -20.2x | 28.3x | 30.6x | -171.1% | Undervalued |
| EV/EBITDA | Infinityx | 23.1x | 22.1x | Infinity% | Overvalued |
| P/S Ratio | 7.0x | 8.3x | 8.7x | -15.3% | Fair Value |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $8.03B | 0.0x | 0.0x | 10.6x | |
| $8.23B | 110.7x | 88.1x | 8.3x | |
| $7.15B | 27.5x | 19.6x | 5.6x | |
| $6.97B | 0.0x | 0.0x | 13.5x | |
| $7.05B | 0.0x | 0.0x | 4.9x | |
| $5.76B | 0.0x | 0.0x | 7.0x | |
| $5.62B | 0.0x | 0.0x | 9.8x | |
| $5.08B | 28.3x | 23.1x | 8.2x | |
| $4.94B | 0.0x | 0.0x | 11.0x | |
| $3.98B | 0.0x | 163.2x | 4.3x | |
| $3477.31B | 36.1x | 23.5x | 12.9x |