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Cloudflare Inc
NYSE:NET

Watchlist Manager
Cloudflare Inc Logo
Cloudflare Inc
NYSE:NET
Watchlist
Price: 56.64 USD -2.65% Market Closed
Updated: Mar 25, 2023

Relative Value

The Relative Value of one NET stock under the Base Case scenario is 30.47 USD. Compared to the current market price of 56.64 USD, Cloudflare Inc is Overvalued by 46%.

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
30.47 USD
Overvaluation 46%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

Median 40.1
Industry 2.5
Forward Multiple 13.9
Median -
Industry 23.1
Forward Multiple 354.4
Median 212
Industry 17.4
Forward Multiple N/A
Median -
Industry 21.9
Forward Multiple N/A
Median 29.6
Industry 2.8
Forward Multiple N/A
Median 39.3
Industry 2.7
Forward Multiple 13.7
Median 48.6
Industry 2.6
Forward Multiple N/A

Multiples Across Competitors

NET Competitors Multiples
Cloudflare Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cloudflare Inc
NYSE:NET
18.7B USD 19.2 -96.7 -186.9 -91.9
CA
Shopify Inc
NYSE:SHOP
57.2B USD 10.2 -16.5 -72.7 -64.7
US
Snowflake Inc.
NYSE:SNOW
43.9B USD 21.3 -55.1 -50.8 -47.8
US
Verisign Inc
NASDAQ:VRSN
21.3B USD 14.9 31.5 22.3 23.4
US
MongoDB Inc
NASDAQ:MDB
15.2B USD 11.8 -43.9 -44.4 -41.8
US
Okta Inc
NASDAQ:OKTA
13.3B USD 7.1 -16.3 -19.7 -16.8
US
Akamai Technologies Inc
NASDAQ:AKAM
11.9B USD 3.3 22.7 10.1 18.5
US
GoDaddy Inc
NYSE:GDDY
11.5B USD 2.8 32.6 20.5 28.2
US
Twilio Inc
NYSE:TWLO
11.4B USD 3 -9.1 -11 -8
US
Switch Inc
NYSE:SWCH
8.4B USD 12.6 22.1 34.7 109.5
IL
Wix.Com Ltd
NASDAQ:WIX
5.4B USD 3.9 -12.8 -18.8 -17.3
P/E Multiple Earnings Growth
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -96.7 N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -16.5
-90%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -55.1 N/A
US
Verisign Inc
NASDAQ:VRSN
31.5
46%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -43.9 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -16.3 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
22.7
112%
US
GoDaddy Inc
NYSE:GDDY
32.6
108%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -9.1 N/A
US
Switch Inc
NYSE:SWCH
22.1
949%
IL
Wix.Com Ltd
NASDAQ:WIX
Negative Multiple: -12.8 N/A
EV/EBITDA Multiple EBITDA Growth
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -186.9 N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -72.7
7%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -50.8 N/A
US
Verisign Inc
NASDAQ:VRSN
22.3
33%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -44.4 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -19.7 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
10.1
38%
US
GoDaddy Inc
NYSE:GDDY
20.5
101%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -11 N/A
US
Switch Inc
NYSE:SWCH
34.7
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
Negative Multiple: -18.8 N/A
EV/EBIT Multiple EBIT Growth
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -91.9 N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -64.7
-27%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -47.8 N/A
US
Verisign Inc
NASDAQ:VRSN
23.4
35%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -41.8 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -16.8 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
18.5
79%
US
GoDaddy Inc
NYSE:GDDY
28.2
96%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -8 N/A
US
Switch Inc
NYSE:SWCH
109.5
N/A
IL
Wix.Com Ltd
NASDAQ:WIX
Negative Multiple: -17.3 N/A

See Also

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