Smartsheet Inc
Smartsheet Inc. provides enterprise platform to plan, capture, manage, automate, and report on work for teams and organizations. The company offers Smartsheet, which includes Dashboards, Cardview, Grid, Reports, Projects, Calendar, Forms, Automations, and Integrations; WorkApps enables customers to build user-friendly apps; Smartsheet Advance; Smartsheet Safeguard; Connectors provides embedded in… Read more
Smartsheet Inc (SMAR) - Net Assets
Latest net assets as of October 2024: $709.14 Million USD
Based on the latest financial reports, Smartsheet Inc (SMAR) has net assets worth $709.14 Million USD as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.42 Billion) and total liabilities ($714.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $709.14 Million |
| % of Total Assets | 49.82% |
| Annual Growth Rate | 52.29% |
| 5-Year Change | 17.86% |
| 10-Year Change | N/A |
| Growth Volatility | 169.04 |
Smartsheet Inc - Net Assets Trend (2016–2024)
This chart illustrates how Smartsheet Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smartsheet Inc (2016–2024)
The table below shows the annual net assets of Smartsheet Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-01-31 | $605.86 Million | +24.75% |
| 2023-01-31 | $485.66 Million | -3.79% |
| 2022-01-31 | $504.78 Million | -4.20% |
| 2021-01-31 | $526.93 Million | +2.50% |
| 2020-01-31 | $514.06 Million | +207.84% |
| 2019-01-31 | $166.99 Million | +422.73% |
| 2018-01-31 | $31.95 Million | +324.98% |
| 2017-01-31 | $7.52 Million | -64.10% |
| 2016-01-31 | $20.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smartsheet Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 82046200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-146.00K | -0.02% |
| Other Components | $1.47 Billion | 242.44% |
| Total Equity | $605.86 Million | 100.00% |
Smartsheet Inc Competitors by Market Cap
The table below lists competitors of Smartsheet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Singapore Technologies Engineering Ltd
PINK:SGGKF
|
$7.74 Billion |
|
WISE PLC LS -01
F:6WS
|
$7.74 Billion |
|
Oklo Inc.
NYSE:OKLO
|
$7.74 Billion |
|
Autoliv Inc
NYSE:ALV
|
$7.75 Billion |
|
JSC Halyk bank
F:H4L1
|
$7.73 Billion |
|
Yamaha Motor Co. Ltd
PINK:YMHAY
|
$7.72 Billion |
|
Beacon Roofing Supply Inc
NASDAQ:BECN
|
$7.71 Billion |
|
FactSet Research Systems Inc
NYSE:FDS
|
$7.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smartsheet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 485,658,000 to 605,855,000, a change of 120,197,000 (24.7%).
- Net loss of 104,631,000 reduced equity.
- Share repurchases of 7,100,000 reduced equity.
- Other comprehensive income decreased equity by 247,000.
- Other factors increased equity by 232,175,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-104.63 Million | -17.27% |
| Share Repurchases | $7.10 Million | -1.17% |
| Other Comprehensive Income | $-247.00K | -0.04% |
| Other Changes | $232.18 Million | +38.32% |
| Total Change | $- | 24.75% |
Book Value vs Market Value Analysis
This analysis compares Smartsheet Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 12.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-01-31 | $-0.47 | $56.47 | x |
| 2017-01-31 | $0.08 | $56.47 | x |
| 2018-01-31 | $0.35 | $56.47 | x |
| 2019-01-31 | $2.01 | $56.47 | x |
| 2020-01-31 | $4.55 | $56.47 | x |
| 2021-01-31 | $4.37 | $56.47 | x |
| 2022-01-31 | $4.02 | $56.47 | x |
| 2023-01-31 | $3.73 | $56.47 | x |
| 2024-01-31 | $4.50 | $56.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smartsheet Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.92%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.21x
- Recent ROE (-17.27%) is above the historical average (-58.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | -35.21% | 0.93x | 0.00x | $-10.39 Million |
| 2017 | -202.00% | -22.67% | 1.19x | 7.48x | $-15.94 Million |
| 2018 | -153.72% | -44.14% | 0.95x | 3.65x | $-52.30 Million |
| 2019 | -32.27% | -30.32% | 0.58x | 1.85x | $-70.58 Million |
| 2020 | -18.66% | -35.42% | 0.34x | 1.55x | $-147.35 Million |
| 2021 | -21.82% | -29.82% | 0.42x | 1.73x | $-167.67 Million |
| 2022 | -33.90% | -31.06% | 0.55x | 1.99x | $-221.57 Million |
| 2023 | -44.40% | -28.12% | 0.69x | 2.29x | $-264.20 Million |
| 2024 | -17.27% | -10.92% | 0.72x | 2.21x | $-165.22 Million |
Industry Comparison
This section compares Smartsheet Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smartsheet Inc (SMAR) | $709.14 Million | 0.00% | 1.01x | $7.74 Billion |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |