Should you buy CrowdStrike stock? (September 2023)

CrowdStrike stock analysis. Ticker: CRWD Join 10,000 investors: https://www.overlookedalpha.com Cyber security firm CrowdStrike is one of the fastest growing companies on the market. Revenue has grown from roughly $120 million in 2018 to over $2.6 billion over the last 12 months. And that has taken the company to a valuation today of 39.7 billion dollars. With 3.2 billion of cash on the balance sheet and 740 million of debt, the enterprise value is 37 billion. This is clearly a well-run business operating in a resilient industry. CrowdStrike has generated 551 million of ebitda and 842 million of free cash flow over the last 12 months. Annual recurring revenue shows a trend that any business would be envious of. The company also boasts a net retention rate of 125% and strong gross margins of 74%. Those margins have improved steadily over time. Based on company guidance, CrowdStrike should clear 3 billion in revenue in fiscal 2024 which is 35% more than last year. However, the year before that, growth was 54% so you can see by this table, revenue growth has been declining steadily. And CrowdStrike is yet to produce a full year of profits. When you adjust for a large amount of stock- based compensation (almost 600 million), net income over the last 12 months is negative 93 million. #crowdstrikestock #investing #stockmarket #overlookedalpha