In today's video, I look at fundamentals, valuation metrics, and recent news for Snowflake (SNOW 0.83%). On June 10, 2021, Snowflake released its investor presentation, and the company projects roughly $10 billion in revenue for its fiscal year (FY) 2029. Below I share a few highlights from the video.
- The future revenue projections might make some investors question the company's current valuation of $71 billion. It is important to note that so much can happen between now and Snowflake's FY 2029 that these projections can change in a matter of time and make the company look more or less attractive in price.
- Snowflake's management believes that even by FY 2029, Snowflake will still be an impressive growth machine with roughly 30% year-over-year revenue growth and 15% in adjusted free cash flow margin.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of June 11, 2021. The video was published on June 11, 2021.
