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Cloudflare Inc
NYSE:NET

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Cloudflare Inc
NYSE:NET
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Price: 63.82 USD +1.16% Market Closed
Updated: Sep 30, 2023

Relative Value

The Relative Value of one NET stock under the Base Case scenario is 18.26 USD. Compared to the current market price of 63.82 USD, Cloudflare Inc is Overvalued by 71%.

Relative valuation is one of two methods of placing a monetary value on a company; the other is Discounted Cash Flow valuation method. We use a combination of these two methods to calculate the Intrinsic Value of stock as accurately as possible.

NET Relative Value
Base Case
18.26 USD
Overvaluation 71%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

NET Competitors Multiples
Cloudflare Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cloudflare Inc
NYSE:NET
21.3B USD 18.9 -96.3 -269.4 -104.9
CA
Shopify Inc
NYSE:SHOP
70.1B USD 12.5 -20.3 -120.3 -103.3
US
Snowflake Inc.
NYSE:SNOW
50.5B USD 24.4 -63.3 -60.3 -55.7
US
MongoDB Inc
NASDAQ:MDB
24.7B USD 16.6 -102.4 -94.7 -87.5
US
Verisign Inc
NASDAQ:VRSN
20.9B USD 14.3 29.4 21.4 22.4
US
Akamai Technologies Inc
NASDAQ:AKAM
16.2B USD 4.4 31.7 14.2 26.4
US
Okta Inc
NASDAQ:OKTA
13.2B USD 6.4 -22.4 -24.1 -20.3
US
GoDaddy Inc
NYSE:GDDY
11.2B USD 2.7 34.5 20 27.1
US
Twilio Inc
NYSE:TWLO
10.6B USD 2.6 -8.7 -17.6 -10.7
US
Switch Inc
NYSE:SWCH
8.4B USD 12.6 22.1 34.7 109.5
ID
DCI Indonesia Tbk PT
IDX:DCII
82.7T IDR 79.2 224.9 158.5 158.5
P/E Multiple
Earnings Growth
US
Cloudflare Inc
NYSE:NET
Average P/E: 68.5
Negative Multiple: -96.3
N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -20.3 N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -63.3 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -102.4 N/A
US
Verisign Inc
NASDAQ:VRSN
29.4
44%
US
Akamai Technologies Inc
NASDAQ:AKAM
31.7
111%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -22.4 N/A
US
GoDaddy Inc
NYSE:GDDY
34.5
109%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -8.7 N/A
US
Switch Inc
NYSE:SWCH
22.1
N/A
ID
D
DCI Indonesia Tbk PT
IDX:DCII
224.9
N/A
EV/EBITDA Multiple
EBITDA Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBITDA: 49.8
Negative Multiple: -269.4
N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -120.3 N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -60.3 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -94.7 N/A
US
Verisign Inc
NASDAQ:VRSN
21.4
32%
US
Akamai Technologies Inc
NASDAQ:AKAM
14.2
41%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -24.1 N/A
US
GoDaddy Inc
NYSE:GDDY
20
102%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -17.6 N/A
US
Switch Inc
NYSE:SWCH
34.7
N/A
ID
D
DCI Indonesia Tbk PT
IDX:DCII
158.5
N/A
EV/EBIT Multiple
EBIT Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBIT: 68.8
Negative Multiple: -104.9
N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -103.3 N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -55.7 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -87.5 N/A
US
Verisign Inc
NASDAQ:VRSN
22.4
28%
US
Akamai Technologies Inc
NASDAQ:AKAM
26.4
80%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -20.3 N/A
US
GoDaddy Inc
NYSE:GDDY
27.1
75%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -10.7 N/A
US
Switch Inc
NYSE:SWCH
109.5
N/A
ID
D
DCI Indonesia Tbk PT
IDX:DCII
158.5
N/A

See Also

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