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What if $SNOW P/S contracts from 40 today to 15 by FY 27?
Shares would be up ~125% from here for a CAGR of 18%
That's with the P/S multiple being cut by more than 50%
Def won't deserve a P/S of 41 then, but with annual rev growth in the 25% - 35% range, a PS of 15 isn't crazy.
Kinda crazy to think about. Would love to hear bull/bear thoughts on Snowflake.
Long $SNOW
Thanks for sharing this model, @austin! How/where did you make it? Am I the only one who isn't enthused by the prospect of a 125% return in 5 years from a company going for 40.0x sales? I just don't think 30% revenue growth is very high.
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