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Planet Labs PBC Stock Research

PL

3.52USD+0.02(+0.57%)Delayed

Market Summary

USD3.52+0.02
Delayed
0.57%

PL Stock Price

PL RSI Chart

PL Valuation

Market Cap

943.2M

Price/Earnings (Trailing)

-5.7

Price/Sales (Trailing)

5.12

EV/EBITDA

-6.11

Price/Free Cashflow

-10.24

PL Price/Sales (Trailing)

PL Profitability

Operating Margin

47.63%

EBT Margin

-91.06%

Return on Equity

-27.85%

Return on Assets

-22.15%

Free Cashflow Yield

-9.76%

PL Fundamentals

PL Revenue

Revenue (TTM)

184.4M

Revenue Y/Y

56.79%

Revenue Q/Q

2.59%

PL Earnings

Earnings (TTM)

-165.5M

Earnings Y/Y

3.14%

Earnings Q/Q

-1.79%

Price Action

52 Week Range

3.297.52
(Low)(High)

Last 7 days

-11.8%

Last 30 days

-24.8%

Last 90 days

-21.9%

Trailing 12 Months

-19.2%

PL Financial Health

Current Ratio

4.37

PL Investor Care

Shares Dilution (1Y)

468.44%

Diluted EPS (TTM)

-0.22

Financials for Planet Labs PBC

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue10.6%184,374,667166,652,778148,930,889131,209,000129,048,000
Gross Profit21.7%78,864,00064,777,00051,890,00048,222,00045,741,333
Operating Expenses11.8%269,056,000240,648,000209,388,000176,273,000140,201,333
  S&GA Expenses40.7%76,961,33354,686,91039,138,02252,917,00027,328,931
  R&D Expenses13.5%106,248,00093,609,00079,304,00066,684,00052,694,667
EBITDA-1.5%-121,698,000-119,871,000-77,924,000-81,199,000-
EBITDA Margin8.2%-0.66-0.72-0.59-0.62-
Earnings Before Taxes0.8%-167,895,000-169,245,000-150,063,000-135,014,000-120,449,333
EBT Margin10.3%-0.91-1.02-0.98-1.03-
Interest Expenses-71.9%1,022,0003,634,0006,245,0008,772,00010,333,333
Net Income-25.3%-165,500,000-132,065,827-90,508,960-137,124,000-75,053,676
Net Income Margin-13.3%-0.90-0.79-1.14-1.05-
Free Cahsflow-30.8%-92,094,000-70,430,000-100,593,478-52,524,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q3
Assets-2.7%747768796821346
  Current Assets-4.7%4815045275521.00
    Cash Equivalents-24.0%1992624854910.00
  Net PPE-4.6%115121125133-
  Goodwill0%103103103103-
Liabilities-0.8%15315416517353.00
  Current Liabilities-10.2%1101221291324.00
Shareholder's Equity-3.2%594614631648-
  Retained Earnings-4.7%-901-861-821-777-52.54
  Additional Paid-In Capital1.5%1,4951,4721,4501,423-
Accumulated Depreciation3.2%235228219--
Shares Outstanding0.7%268266264--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-36.8%-78.82-57.61-26.14-42.217.00
  Share Based Compensation19.9%89.0074.0059.0042.0017.00
Cashflow From Investing22.1%-316-406-14.61-25.15-695
Cashflow From Financing5.0%9.008.0018.00489697

Risks for PL

What is the probability of a big loss on PL?

56.6%


Probability that Planet Labs PBC stock will be more than 20% underwater in next one year

56.6%


Probability that Planet Labs PBC stock will be more than 30% underwater in next one year.

56.6%


Probability that Planet Labs PBC stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Planet Labs PBC was unfortunately bought at previous high price.

Drawdowns

Returns for PL

Cumulative Returns on PL

Which funds bought or sold PL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.04
-21,817
87,183
-%
2023-03-01
Meixler Investment Management, Ltd.
added
173
329,960
606,960
0.61%
2023-03-01
Willow Creek Wealth Management Inc.
unchanged
-
-296,000
1,189,000
0.20%
2023-02-28
Voya Investment Management LLC
added
13.6
-396,071
4,017,930
0.01%
2023-02-24
NATIXIS
reduced
-1.19
-152,175
518,825
-%
2023-02-22
CVA Family Office, LLC
unchanged
-
-504
496
-%
2023-02-16
GHP Investment Advisors, Inc.
unchanged
-
-825
2,175
-%
2023-02-15
JANE STREET GROUP, LLC
reduced
-23.85
-54,883
86,117
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
unchanged
-
-180,012
724,988
-%
2023-02-15
JANE STREET GROUP, LLC
added
1.36
-10,896
31,104
-%

1–10 of 47

Latest Funds Activity

Are funds buying PL calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PL
No. of Funds

Planet Labs PBC News

Marketing Sentinel

Is Planet Labs PBC (NYSE: PL) Still A Buy After sinking -13.18 ....

Marketing Sentinel,
2 days ago

InvestorsObserver

Schedule 13G FIlings of Planet Labs PBC

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
6.89%
17,293,586
SC 13G
Jan 31, 2023
draper fisher jurvetson fund x, l.p.
8.3%
20,909,027
SC 13G/A
Feb 14, 2022
integrated core strategies (us) llc
0.4%
1,081,476
SC 13G/A
Feb 14, 2022
sculptor capital lp
0.04%
100,628
SC 13G/A
Feb 04, 2022
weiss asset management lp
0.20%
475,456
SC 13G/A

PL Fair Value

Planet Labs PBC fair value in different scenarios

The table shows the Fair Value estimates for Planet Labs PBC for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.76

-78.41%

1.03

-70.74%

1.97

-44.03%

3.71

5.40%

5.29

50.28%
Current Inflation

0.74

-78.98%

0.97

-72.44%

1.77

-49.72%

3.22

-8.52%

4.52

28.41%
Very High Inflation

0.71

-79.83%

0.90

-74.43%

1.54

-56.25%

2.66

-24.43%

3.67

4.26%

Historical Planet Labs PBC Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Planet Labs PBC

View All Filings
Date Filed Form Type Document
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Feb 09, 2023
SC 13G
Major Ownership Report
Feb 07, 2023
4
Insider Trading
Jan 31, 2023
SC 13G/A
Major Ownership Report
Jan 09, 2023
4
Insider Trading
Dec 16, 2022
4
Insider Trading

Latest Insider Trading transactions for PL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-16
Marshall William Spencer
acquired
-
-
1,310,040
co-founder and ceo
2023-03-16
Schingler Robert H
acquired
-
-
545,852
co-founder chief strategy off.
2023-03-16
Johnson Ashley F.
acquired
-
-
655,022
cfo & coo
2023-03-15
Weil Kevin
sold (taxes)
-101,770
4.01
-25,379
president, product & business
2023-03-15
Johnson Ashley F.
sold (taxes)
-27,849
4.01
-6,945
cfo & coo
2023-03-06
Johnson Ashley F.
sold (taxes)
-10,580
4.59
-2,305
cfo & coo
2023-02-06
Johnson Ashley F.
sold (taxes)
-11,045
4.79
-2,306
cfo & coo
2023-01-06
Johnson Ashley F.
sold (taxes)
-11,133
4.83
-2,305
cfo & coo
2022-12-15
Weil Kevin
sold (taxes)
-163,814
4.93
-33,228
president, product & business
2022-12-15
Johnson Ashley F.
sold (taxes)
-30,802
4.93
-6,248
cfo & coo

1–10 of 42

William S. Marshall
800
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.

PL Income Statement

2022-10-31
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2022
Oct. 31, 2021
Income Statement [Abstract]    
Revenue[1]$ 49,704$ 31,700$ 138,281$ 94,063
Cost of revenue[1]24,72820,81173,33359,757
Gross profit24,97610,88964,94834,306
Operating expenses    
Research and development[1]27,59814,95979,08539,521
Sales and marketing19,38312,44157,72133,691
General and administrative20,62711,80061,12831,939
Total operating expenses67,60839,200197,934105,151
Loss from operations(42,632)(28,311)(132,986)(70,845)
Interest income2,85384,27612
Interest expense0(2,612)0(7,750)
Change in fair value of convertible notes and warrant liabilities(19)(10,172)5,369(11,429)
Other income (expense), net1(60)123(325)
Total other income (expense), net2,835(12,836)9,768(19,492)
Loss before provision for income taxes(39,797)(41,147)(123,218)(90,337)
Provision for income taxes439394907822
Net loss$ (40,236)$ (41,541)$ (124,125)$ (91,159)
Basic net loss per share attributable to common stockholders (in dollars per share)$ (0.15)$ (0.88)$ (0.47)$ (1.97)
Diluted net loss per share attributable to common stockholders (in dollars per share)$ (0.15)$ (0.88)$ (0.47)$ (1.97)
Basic weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders (in shares)267,947,66147,137,377266,104,96246,360,220
Diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders (in shares)267,947,66147,137,377266,104,96246,360,220
[1]Balance includes related-party transactions entered into with Google. See Note 12.

PL Balance Sheet

2022-10-31
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2022
Jan. 31, 2022
Current assets  
Cash and cash equivalents$ 199,124,000$ 490,762,000
Short-term investments226,163,0000
Accounts receivable, net of allowance of $1,488 and $1,031, respectively29,009,00044,373,000
Prepaid expenses and other current assets26,347,00016,385,000
Total current assets480,643,000551,520,000
Property and equipment, net115,385,000133,280,000
Capitalized internal-use software, net11,181,00010,768,000
Goodwill103,219,000103,219,000
Intangible assets, net12,419,00014,197,000
Restricted cash, non-current5,163,0005,743,000
Operating lease right-of-use assets15,806,0000
Other non-current assets3,412,0002,714,000
Total assets747,228,000821,441,000
Current liabilities  
Accounts payable2,557,0002,850,000
Accrued and other current liabilities[1]42,629,00048,823,000
Deferred revenue[1]47,698,00064,233,000
Liability from early exercise of stock options13,446,00016,135,000
Operating lease liabilities, current3,538,0000
Total current liabilities109,868,000132,041,000
Deferred revenue[1]03,579,000
Deferred hosting costs[1]9,853,00012,149,000
Public and private placement warrant liabilities17,855,00023,224,000
Deferred rent0798,000
Operating lease liabilities, non-current14,024,0000
Other non-current liabilities1,461,0001,405,000
Total liabilities153,061,000173,196,000
Commitments and contingencies (Note 9)
Stockholders’ equity  
Common stock, $0.0001 par value, 570,000,000, 30,000,000 and 30,000,000 Class A, Class B and Class C shares authorized at October 31, 2022 and January 31, 2022, 248,215,356 and 241,017,687 Class A shares issued and outstanding at October 31, 2022 and January 31, 2022, respectively, 21,157,586 Class B shares issued and outstanding at October 31, 2022 and January 31, 2022, 0 Class C shares issued and outstanding at October 31, 2022 and January 31, 2022[1]27,00027,000
Additional paid-in capital1,494,652,0001,423,151,000
Accumulated other comprehensive income943,0002,096,000
Accumulated deficit(901,455,000)(777,029,000)
Total stockholders’ equity594,167,000648,245,000
Total liabilities and stockholders’ equity$ 747,228,000$ 821,441,000
[1]Balance includes related-party transactions entered into with Google, LLC (“Google”). See Note 12.