NOW

ServiceNow Inc

TMT


Presented:04/01/2021
Price:$507.01
Cap:$99.42B
Current Price:$927.96
Cap:$191.16B

Presented

Date04/01/2021
Price$507.01
Market Cap$99.42B
Ent Value$110.48B
P/E Ratio860.07x
Book Value$14.47
Div Yield0%
Shares O/S196.10M
Ave Daily Vol1,572,630
Short Int1.38%

Current

Price$927.96
Market Cap$191.16B
ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for the industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil & gas, education, and consumer products. The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.

Publicly traded companies mentioned herein: SAP SE (SAP; SAP GR), ServiceNow Inc (NOW), Walt Disney Co/The (DIS)

Highlights

The presenter is long shares of ServiceNow Inc (NOW) thinking that the company’s strong 2020 has led investors to under appreciate the headwinds that the business faced last year. Once these headwinds subside, he sees a material acceleration in growth YoY with margins potentially surprising to the upside. He is using a year end price target of ~$620/share or ~50x his NTM FCF estimates, which he sees as very achievable and a bit conservative. NOW currently trading at 56x consensus NTM FCF. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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