Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-31
ASAN [bullish]
Asana, Inc.
-44.77%
current return
Author Info
No bio for this author
Company Info
Asana, Inc., together with its subsidiaries, operates a work management software platform for individuals, team leads, and executives in the United States and internationally.
Market Cap
$1.8B
Pitch Price
$13.49
Price Target
18.00 (+142%)
Dividend
N/A
EV/EBITDA
-9.85
P/E
-8.11
EV/Sales
2.04
Sector
Software
Category
growth
Asana, Inc.: Signs of Healthy Enterprise Demand as Expansion Headwinds Begin to Ease
ASAN: Strong Q1 results, stabilizing expansion rates. Rev +13% YoY, adj op margin -9% (vs -15%). FY25 rev forecast +14% (vs +15% prev), above +10.5% guide. Investing in sales & product to win enterprise market. No moat: heavy spend needed to fend off rivals & secure enterprise footing. $18 FVE (5x FY25 EV/sales). Very High uncertainty: execution risk, macro sensitivity, 30% tech exposure. Standard stewardship: sound balance sheet, fair investments, appropriate distributions, but dual share class.
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