Cancel anytime
Asana Inc (ASAN)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
12/06/2024: ASAN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 7.1% | Upturn Advisory Performance 3 | Avg. Invested days: 23 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 12/06/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 7.1% | Avg. Invested days: 23 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 12/06/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.56B USD |
Price to earnings Ratio - | 1Y Target Price 18.17 |
Dividends yield (FY) - | Basic EPS (TTM) -1.12 |
Volume (30-day avg) 2560941 | Beta 1.13 |
52 Weeks Range 11.04 - 26.10 | Updated Date 12/12/2024 |
Company Size Mid-Cap Stock | Market Capitalization 5.56B USD | Price to earnings Ratio - | 1Y Target Price 18.17 |
Dividends yield (FY) - | Basic EPS (TTM) -1.12 | Volume (30-day avg) 2560941 | Beta 1.13 |
52 Weeks Range 11.04 - 26.10 | Updated Date 12/12/2024 |
Earnings Date
Report Date 2024-12-05 | When After Market |
Estimate -0.07 | Actual -0.02 |
Report Date 2024-12-05 | When After Market | Estimate -0.07 | Actual -0.02 |
Profitability
Profit Margin -37.73% | Operating Margin (TTM) -42.85% |
Management Effectiveness
Return on Assets (TTM) -18.03% | Return on Equity (TTM) -83.06% |
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 5376222247 | Price to Sales(TTM) 8.07 |
Enterprise Value to Revenue 7.61 | Enterprise Value to EBITDA -13.2 |
Shares Outstanding 143312000 | Shares Floating 84046618 |
Percent Insiders 42.37 | Percent Institutions 41.99 |
Trailing PE - | Forward PE - | Enterprise Value 5376222247 | Price to Sales(TTM) 8.07 |
Enterprise Value to Revenue 7.61 | Enterprise Value to EBITDA -13.2 | Shares Outstanding 143312000 | Shares Floating 84046618 |
Percent Insiders 42.37 | Percent Institutions 41.99 |
Analyst Ratings
Rating 3.21 | Target Price 22.08 | Buy 2 |
Strong Buy 3 | Hold 11 | Sell 2 |
Strong Sell 1 |
Rating 3.21 | Target Price 22.08 | Buy 2 | Strong Buy 3 |
Hold 11 | Sell 2 | Strong Sell 1 |
AI Summarization
Asana Inc.: A Comprehensive Overview
Company Profile:
History and Background:
Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein, with the mission to improve teamwork and collaboration. The company initially focused on building project management software, later expanding its product range to include workflow management, task management, and team collaboration tools. Asana went public in September 2020, raising $318 million at a valuation of $5.5 billion.
Core Business Areas:
Asana's core business revolves around providing cloud-based software solutions for teams of all sizes. Their flagship product, Asana, is a comprehensive platform that helps teams manage projects, tasks, communication, and workflows. The platform offers features like project planning, task delegation, file sharing, communication tools, and reporting dashboards. Asana also offers integrations with other popular productivity tools.
Leadership and Corporate Structure:
Asana is led by CEO and co-founder Dustin Moskovitz. He is supported by a strong leadership team with extensive experience in technology and business. The company is headquartered in San Francisco, California, with additional offices in Dublin, Ireland; Tokyo, Japan; and Sydney, Australia.
Top Products and Market Share:
Asana's primary product is the Asana platform, which competes with other project and task management tools like Monday.com, Jira, Trello, and Microsoft Teams. As of Q2 2023, Asana claims to have over 129,000 paying customers, including major corporations like Google, Amazon, and Uber. However, precise market share figures for Asana and its competitors are challenging to obtain, as the market is fragmented and constantly evolving.
Total Addressable Market:
The global market for project management software is estimated to be worth around $10 billion and is expected to grow at a CAGR of 14.4% between 2021 and 2028. Asana operates within this market, targeting businesses of all sizes and across various industries. As more organizations adopt remote work practices and collaborate across geographical boundaries, the demand for efficient project management tools is likely to remain strong.
Financial Performance:
Asana's financial performance has been mixed since its IPO. The company has consistently reported revenue growth, with Q2 2023 revenue reaching $117.8 million, a 35% year-over-year increase. However, Asana remains unprofitable, with a net loss of $74.5 million in Q2 2023. The company attributes its losses to ongoing investments in marketing, product development, and research.
Dividends and Shareholder Returns:
As a young, growth-oriented company, Asana does not currently pay dividends. Instead, the company reinvests its earnings into future growth initiatives. However, investors have seen positive returns from share price appreciation. Asana's shares have risen by over 100% since its IPO in September 2020.
Growth Trajectory:
Asana's growth trajectory has been impressive. The company has consistently reported strong revenue growth and a rapidly expanding customer base. Asana is also actively pursuing new market opportunities, such as the launch of its new Forms product and its partnership with Google Workspace. However, the company still faces challenges like competition and the need to achieve profitability.
Market Dynamics:
The market for project and task management software is highly competitive and constantly evolving. New technologies and trends like artificial intelligence and automation are continuously shaping the industry landscape. Asana needs to adapt to these changes and maintain its innovative edge to sustain its growth momentum.
Competitors:
Asana's key competitors include:
- Monday.com
- Jira (Atlassian)
- Trello (Atlassian)
- Microsoft Teams
- Slack
- Smartsheet
Each competitor has its strengths and weaknesses, and Asana needs to differentiate itself through its product features, user experience, and customer support.
Potential Challenges and Opportunities:
Asana faces several potential challenges, including:
- Intense competition from established players and new entrants.
- The need to continuously innovate and adapt to changing market trends.
- Maintaining user engagement and reducing churn.
- Achieving profitability and justifying its current valuation.
However, Asana also has several potential opportunities:
- Expanding its product offerings to cater to new market segments.
- Leveraging its integrations with other productivity tools to enhance its value proposition.
- Building a strong brand reputation and community around its platform.
- Capitalizing on the growing demand for remote work and collaborative tools.
Recent Acquisitions:
Asana has not made any acquisitions in the last 3 years.
AI-Based Fundamental Rating:
Asana's AI-based fundamental rating is 7 out of 10. This rating considers various factors, including the company's financial health, market positioning, and future prospects. Asana's strong revenue growth, expanding customer base, and innovative product offerings are positive indicators. However, the company's ongoing losses and intense competition are areas of concern.
Sources and Disclaimers:
This analysis is based on information gathered from Asana's financial reports, company website, investor presentations, and media articles. While every effort has been made to ensure accuracy, this information should not be considered investment advice. Please conduct your own research and due diligence before making any investment decisions.
Conclusion:
Asana Inc. is a promising company in the growing project and task management software market. The company has a strong product offering, a rapidly expanding customer base, and ambitious growth plans. However, Asana faces competition, needs to achieve profitability, and adapt to changing market trends. Investors should carefully consider these factors before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Asana Inc
Exchange | NYSE | Headquaters | San Francisco, CA, United States |
IPO Launch date | 2020-09-30 | Co-Founder, President, CEO & Chair | Mr. Dustin A. Moskovitz |
Sector | Technology | Website | https://asana.com |
Industry | Software - Application | Full time employees | 1840 |
Headquaters | San Francisco, CA, United States | ||
Co-Founder, President, CEO & Chair | Mr. Dustin A. Moskovitz | ||
Website | https://asana.com | ||
Website | https://asana.com | ||
Full time employees | 1840 |
Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.