Snowflake Shares Outstanding vs. Revenue
| S2NW34 Stock | BRL 25.14 0.12 0.48% |
For Snowflake profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Snowflake to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Snowflake utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Snowflake's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Snowflake over time as well as its relative position and ranking within its peers.
Snowflake |
Snowflake Revenue vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Snowflake's current stock value. Our valuation model uses many indicators to compare Snowflake value to that of its competitors to determine the firm's financial worth. Snowflake is rated fourth in shares outstanding category among its peers. It is rated below average in revenue category among its peers totaling about 0.09 of Revenue per Shares Outstanding. The ratio of Shares Outstanding to Revenue for Snowflake is roughly 10.55 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Snowflake by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Snowflake's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Snowflake Revenue vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Snowflake |
| = | 12.86 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Snowflake |
| = | 1.22 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Snowflake Revenue vs Competition
Snowflake is rated below average in revenue category among its peers. Market size based on revenue of Software—Application industry is at this time estimated at about 60.53 Billion. Snowflake holds roughly 1.22 Billion in revenue claiming about 2.01% of equities listed under Software—Application industry.
Snowflake Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Snowflake, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Snowflake will eventually generate negative long term returns. The profitability progress is the general direction of Snowflake's change in net profit over the period of time. It can combine multiple indicators of Snowflake, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Snowflake Inc. provides cloud-based data platform in the United States and internationally. Snowflake Inc. was incorporated in 2012 and is headquartered in San Mateo, California. SNOWFLAKE DRN operates under SoftwareApplication classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 2931 people.
Snowflake Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Snowflake. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Snowflake position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Snowflake's important profitability drivers and their relationship over time.
Use Snowflake in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Snowflake position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Snowflake will appreciate offsetting losses from the drop in the long position's value.Snowflake Pair Trading
Snowflake Pair Trading Analysis
The ability to find closely correlated positions to Snowflake could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snowflake when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snowflake - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snowflake to buy it.
The correlation of Snowflake is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snowflake moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snowflake moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Snowflake can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Snowflake position
In addition to having Snowflake in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Banking Thematic Idea Now
Banking
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banking Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Information and Resources on Investing in Snowflake Stock
When determining whether Snowflake is a strong investment it is important to analyze Snowflake's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Snowflake's future performance. For an informed investment choice regarding Snowflake Stock, refer to the following important reports:Check out World Market Map. For information on how to trade Snowflake Stock refer to our How to Trade Snowflake Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
To fully project Snowflake's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Snowflake at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Snowflake's income statement, its balance sheet, and the statement of cash flows.