NYSE · SEND

SendGrid, Inc.

Technology · Software - Application

$54.08▲ 7.08% ($3.58)at close

As of 6:07 PM ET

52-week

$20.42$54.94

Market cap

$0.00

P/E

-65.95

EPS (TTM)

-$0.13

Next earnings

—

No multiple

What the market price implies · Reverse DCF

To support a price of $54.08, this model requires revenue to grow by 50.39%/yr over the next 10 years, compounded annually.

Historical revenue grew by 37.78%/yr over the past 3 years. The required annual growth rate is 12.61 percentage points higher.

Selected forecast · Base scenario

18.8%/yr · actual 10-year annualized revenue growth

Year 1 growth: 35.29%

Market-implied · Base operating assumptions + edited margins

50.39%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$54.08

Estimated value / share

$8.79

Base scenario

This estimate is 83.75% below the price used.

USD · TTM ending 2018-09-30

Only 4 of the five annual revenue periods are available; growth uses the observed fiscal-year spans.

Year 1 growth 35.29% · Ending margin 0% · Discount rate 8.81%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Jun 28, 2019, 10:07 PM UTC
Financial statement period: TTM ending 2018-09-30
Data refreshed: Sep 20, 2026, 6:23 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveModerate confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: 140.68%Revenue (TTM): 32.88%FCF (TTM): 16.3%

What changed

The stock rose 140.68% over the last year. Revenue grew 32.88% over the trailing twelve months. Operating margin moved from -4.47% to -3.65%. Free cash flow grew 16.3% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum. The operating data is doing enough work that the move does not need an overvaluation story to explain it.

What would invalidate this read

Operating margin is at -3.65%. Revenue grew 32.88% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Company profile data is still populating for this ticker.

CEO—

SectorTechnology

IndustrySoftware - Application

Employees—

IPO dateNov 15, 2017

Market multiples

Forward P/E—

EV/EBITDA13.54

Enterprise value$52.4M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth31.37%

Gross margin (FY2017)73.63%▲0.7ppvs FY2016

Operating margin (FY2017)-4.94%▼0.5ppvs FY2016

ROE-5%

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

—

Est. · EPS est — · Revenue est —

View

Earnings history is still populating for this ticker.