Snowflake Inc. Stock Research

Market Summary

USD134.97-1.56

Market Closed

-1.14%

SNOW Alerts

3 major insider sales recently.

SNOW Stock Price

SNOW RSI Chart

SNOW Valuation

Market Cap

43.2B

Price/Earnings (Trailing)

-59.87

Price/Sales (Trailing)

23.23

EV/EBITDA

-61.45

Price/Free Cashflow

112.69

SNOW Price/Sales (Trailing)

SNOW Profitability

EBT Margin

-39.75%

Return on Equity

-13.34%

Return on Assets

-10.09%

Free Cashflow Yield

0.89%

SNOW Fundamentals

SNOW Revenue

Revenue (TTM)

1.9B

Revenue Y/Y

66.55%

Revenue Q/Q

12.02%

SNOW Earnings

Earnings (TTM)

-721.7M

Earnings Y/Y

-29.76%

Earnings Q/Q

9.82%

Price Action

52 Week Range

110.27246.52

(Low)(High)

Last 7 days

-1.7%

Last 30 days

-9.4%

Last 90 days

-1.4%

Trailing 12 Months

-40.0%

SNOW Financial Health

Current Ratio

3.08

SNOW Investor Care

Shares Dilution (1Y)

5.65%

Diluted EPS (TTM)

-2.28

Peers (Alternatives to Snowflake)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	7.62%	-7.52%	26.35	6.47	2.44%	-5.35%
MSFT	2.1T	204.1B	11.55%	-7.07%	30.51	10.08	10.38%	-5.25%
GOOG	1.3T	282.8B	15.53%	-24.95%	22.08	4.68	9.78%	-21.12%
AMZN	1.0T	514.0B	2.44%	-40.04%	-368.89	1.95	9.40%	-108.16%
MID-CAP
NYMT	3.4B	258.4M	222.11%	179.36%	-11.46	13.24	24.91%	-254.56%
JBLU	2.2B	9.2B	-18.29%	-53.60%	-6.16	0.24	51.67%	-98.90%
SMALL-CAP
PLAY	1.7B	1.7B	-14.35%	-19.63%	14.09	1	61.79%	371.82%
TLRY	1.6B	602.5M	-7.75%	-62.41%	-2.78	2.67	18.18%	-18.59%
BYND	1.0B	418.9M	-4.85%	-67.83%	-2.77	2.42	-9.85%	-101.06%
MFA	986.5M	482.4M	-14.27%	-38.99%	-4.26	2.04	33.15%	-170.42%
CGC	913.9M	478.9M	-20.50%	-75.95%	-0.29	1.91	-31.50%	-634.70%
NKLA	774.5M	50.8M	-35.62%	-84.47%	-0.99	15.24	1229.98%	-13.59%
GPRO	754.2M	1.1B	-8.47%	-42.21%	26.14	0.69	-5.82%	-92.23%
INO	227.8M	10.3M	-31.25%	-74.40%	-0.81	22.2	478.23%	7.85%

Financials for Snowflake

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	13.6%	1,860,421,000	1,637,834,000	1,412,784,000	1,219,327,000	1,026,018,000
Gross Profit	14.4%	1,214,358,000	1,061,706,000	903,767,000	760,894,000	618,861,000
Operating Expenses	11.4%	1,968,904,000	1,767,504,000	1,601,974,000	1,475,930,000	1,382,265,000
S&GA Expenses	10.2%	1,006,321,000	912,815,000	821,073,000	743,965,000	694,728,000
R&D Expenses	16.6%	669,082,000	573,595,000	507,934,000	466,932,000	437,780,000
EBITDA	-4.8%	-689,767,000	-658,189,000	-643,024,000	-655,462,000	-
EBITDA Margin	7.7%	-0.37	-0.40	-0.46	-0.54	-
Earnings Before Taxes	-6.3%	-739,488,000	-695,732,000	-665,977,000	-676,960,000	-743,946,000
EBT Margin	6.4%	-0.40	-0.42	-0.47	-0.56	-
Net Income	-6.8%	-721,689,000	-675,609,000	-642,522,000	-679,948,000	-746,730,000
Net Income Margin	6.0%	-0.39	-0.41	-0.45	-0.56	-
Free Cahsflow	17.6%	383,443,000	325,927,000	255,734,000	93,958,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.3%	7,156	7,064	7,023	6,650	6,163
Current Assets	1.2%	4,559	4,504	4,342	4,599	4,308
Cash Equivalents	-9.7%	819	907	1,063	1,086	935
Net PPE	12.2%	146	130	119	105	94.00
Goodwill	29.1%	649	503	503	8.00	8.00
Liabilities	5.8%	1,732	1,638	1,565	1,601	1,157
Current Liabilities	5.5%	1,479	1,401	1,364	1,397	959
Shareholder's Equity	-0.3%	5,411	5,426	5,458	5,049	5,007
Retained Earnings	-8.7%	-2,508	-2,307	-2,085	-1,919	-1,787
Additional Paid-In Capital	2.7%	7,989	7,782	7,590	6,985	6,797
Accumulated Depreciation	20.0%	39.00	33.00	27.00	23.00	20.00
Shares Outstanding	0.6%	320	318	314	303	-
Minority Interest	Infinity%	12.00	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	18.6%	407	343	273	110	51.00
Share Based Compensation	12.6%	757	672	627	605	603
Cashflow From Investing	-177.6%	-496	-179	53.00	-20.80	-3,218
Cashflow From Financing	-132.9%	-17.01	52.00	99.00	178	165

Risks for SNOW

What is the probability of a big loss on SNOW?

88.6%

Probability that Snowflake stock will be more than 20% underwater in next one year

82.6%

Probability that Snowflake stock will be more than 30% underwater in next one year.

72.0%

Probability that Snowflake 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 SNOW drawdown profile look like?

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

Drawdowns

Returns for SNOW

Cumulative Returns on SNOW

Which funds bought or sold SNOW recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	Freemont Management S.A.	unchanged	-	-87,318	473,682	0.07%
2023-03-23	MetLife Investment Management, LLC	reduced	-2.5	-546,762	2,550,420	0.02%
2023-03-17	American Portfolios Advisors	reduced	-19.73	-2,690	139,707	0.01%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-10.97	-231,520	701,480	0.02%
2023-03-10	BAILLIE GIFFORD & CO	reduced	-1.51	-133,798,000	661,819,000	0.69%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	19.53	331,437	35,466,400	0.04%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	reduced	-2.51	-66,111	306,889	0.05%
2023-03-06	OLD MISSION CAPITAL LLC	new	-	362,869	362,869	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-84.75	-12,317,000	1,820,000	0.01%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	183	12,962	21,962	0.01%

Latest Funds Activity

Are funds buying SNOW calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SNOW

No. of Funds

SNOW Alerts

3 major insider sales recently.

Snowflake News

Schedule 13G FIlings of Snowflake

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	iconiq strategic partners iii, l.p.	1.2%	3,764,547	SC 13G/A
Feb 09, 2023	vanguard group inc	5.51%	17,709,367	SC 13G/A
Jan 09, 2023	altimeter capital management, lp	4.78%	15,369,459	SC 13G/A
Feb 15, 2022	slootman frank	4.0%	12,911,184	SC 13G/A
Feb 15, 2022	dageville benoit	2.3%	7,338,686	SC 13G/A
Feb 15, 2022	cruanes thierry	2.2%	6,777,667	SC 13G/A
Feb 14, 2022	prudential financial inc	1.53%	0	SC 13G/A
Feb 14, 2022	sc us (ttgp), ltd.	0.6%	1,988,105	SC 13G/A
Feb 14, 2022	berkshire hathaway inc	2.0%	6,125,376	SC 13G/A
Feb 14, 2022	dragoneer investment group, llc	0.4%	1,378,322	SC 13G/A

SNOW Fair Value

Snowflake fair value in different scenarios

The table shows the Fair Value estimates for Snowflake 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	6.01 -95.55%	8.25 -93.89%	17.20 -87.26%	32.83 -75.68%	64.27 -52.38%
Current Inflation	5.84 -95.67%	7.81 -94.21%	15.52 -88.50%	28.75 -78.70%	55.23 -59.08%
Very High Inflation	5.62 -95.84%	7.28 -94.61%	13.56 -89.95%	24.06 -82.17%	44.94 -66.70%

Historical Snowflake Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Snowflake

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	4	Insider Trading
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 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading

Latest Insider Trading transactions for SNOW

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-22	Dageville Benoit	sold	-8,230,750	142	-57,963	president of products
2023-03-22	Dageville Benoit	acquired	15,070	0.26	57,963	president of products
2023-03-15	Slootman Frank	acquired	-	-	58,212	ceo and chairman
2023-03-15	Dageville Benoit	acquired	-	-	29,767	president of products
2023-03-15	Degnan Christopher William	acquired	-	-	39,690	chief revenue officer
2023-03-15	Scarpelli Michael	acquired	-	-	42,997	chief financial officer
2023-03-15	Dageville Benoit	acquired	15,248	0.26	58,647	president of products
2023-03-15	Dageville Benoit	sold	-7,992,410	136	-58,647	president of products
2023-03-09	Slootman Frank	sold	-240,487	141	-1,701	ceo and chairman
2023-03-09	Dageville Benoit	sold	-97,835	141	-692	president of products

About Snowflake

Frank Slootman

www.snowflake.com

3990

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

SNOW Income Statement

2022-10-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Oct. 31, 2022

Oct. 31, 2021

Oct. 31, 2022

Oct. 31, 2021

Income Statement [Abstract]

Revenue

$ 557,028

$ 334,441

$ 1,476,647

$ 835,553

Cost of revenue

190,721

120,786

511,883

324,253

Gross profit

366,307

213,655

964,764

511,300

Operating expenses:

Sales and marketing

284,477

190,971

803,034

540,678

Research and development

211,387

115,900

545,933

343,783

General and administrative

76,462

64,055

218,314

189,846

Total operating expenses

572,326

370,926

1,567,281

1,074,307

Operating loss

(206,019)

(157,271)

(602,517)

(563,007)

Interest income

21,857

1,985

38,308

6,787

Other income (expense), net

(13,271)

1,609

(44,672)

9,867

Loss before income taxes

(197,433)

(153,677)

(608,881)

(546,353)

Provision for (benefit from) income taxes

4,009

1,179

(18,839)

1,442

Net loss

(201,442)

(154,856)

(590,042)

(547,795)

Less: net loss attributable to noncontrolling interest

(506)

Net loss attributable to Snowflake Inc.

$ (200,936)

$ (154,856)

$ (589,536)

$ (547,795)

Net loss per share attributable to Class A and Class B common stockholders- basic (in dollars per share)

^[1]

$ (0.63)

$ (0.51)

$ (1.86)

$ (1.84)

Net loss per share attributable to Class A and Class B common stockholders - diluted (in dollars per share)

^[1]

$ (0.63)

$ (0.51)

$ (1.86)

$ (1.84)

Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders - basic (in shares)

^[1]

320,135

303,007

317,653

297,436

Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders - diluted (in shares)

^[1]

320,135

303,007

317,653

297,436

[1]

On March 1, 2021, all shares of the Company’s then-outstanding Class B common stock were automatically converted into the same number of shares of Class A common stock, pursuant to the terms of the Company’s amended and restated certificate of incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 10 for further details.

SNOW Balance Sheet

2022-10-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2022	Jan. 31, 2022
Current assets:
Cash and cash equivalents	$ 819,003	$ 1,085,729
Short-term investments	3,123,879	2,766,364
Accounts receivable, net	394,063	545,629
Deferred commissions, current	61,738	51,398
Prepaid expenses and other current assets	160,221	149,523
Total current assets	4,558,904	4,598,643
Long-term investments	943,081	1,256,207
Property and equipment, net	145,974	105,079
Operating lease right-of-use assets	234,678	190,356
Goodwill	649,092	8,449
Intangible assets, net	196,165	37,141
Deferred commissions, non-current	133,939	124,517
Other assets	293,855	329,306
Total assets	7,155,688	6,649,698
Current liabilities:
Accounts payable	24,757	13,441
Accrued expenses and other current liabilities	225,321	200,664
Operating lease liabilities, current	29,263	25,101
Deferred revenue, current	1,199,701	1,157,887
Total current liabilities	1,479,042	1,397,093
Operating lease liabilities, non-current	225,013	181,196
Deferred revenue, non-current	7,333	11,180
Other liabilities	21,029	11,184
Total liabilities	1,732,417	1,600,653
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock; $0.0001 par value per share; 200,000 shares authorized, zero shares issued and outstanding as of October 31, 2022 and January 31, 2022	0	0
Common stock; $0.0001 par value per share; 2,500,000 Class A shares authorized, 321,497 and 312,377 shares issued and outstanding as of October 31, 2022 and January 31, 2022, respectively; 185,461 Class B shares authorized, zero shares issued and outstanding as of each October 31, 2022 and January 31, 2022	32	31
Additional paid-in capital	7,988,829	6,984,669
Accumulated other comprehensive loss	(69,179)	(16,286)
Accumulated deficit	(2,508,905)	(1,919,369)
Total Snowflake Inc. stockholders’ equity	5,410,777	5,049,045
Noncontrolling interest	12,494	0
Total stockholders’ equity	5,423,271	5,049,045
Total liabilities and stockholders’ equity	$ 7,155,688	$ 6,649,698