Intrinsic value of Okta Cl A - OKTA

Previous Close

$54.86

  Intrinsic Value

$0.52

stock screener

  Rating & Target

str. sell

-99%

Previous close

$54.86

 
Intrinsic value

$0.52

 
Up/down potential

-99%

 
Rating

str. sell

We calculate the intrinsic value of OKTA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  59.80
  54.32
  49.39
  44.95
  40.95
  37.36
  34.12
  31.21
  28.59
  26.23
  24.11
  22.20
  20.48
  18.93
  17.54
  16.28
  15.15
  14.14
  13.23
  12.40
  11.66
  11.00
  10.40
  9.86
  9.37
  8.93
  8.54
  8.19
  7.87
  7.58
Revenue, $m
  415
  641
  958
  1,388
  1,957
  2,688
  3,605
  4,730
  6,083
  7,678
  9,529
  11,645
  14,029
  16,685
  19,611
  22,804
  26,260
  29,972
  33,936
  38,145
  42,594
  47,278
  52,193
  57,337
  62,711
  68,313
  74,148
  80,218
  86,529
  93,089
Variable operating expenses, $m
  554
  853
  1,274
  1,846
  2,601
  3,572
  4,790
  6,284
  8,080
  10,199
  12,656
  15,465
  18,631
  22,158
  26,044
  30,285
  34,874
  39,805
  45,069
  50,659
  56,567
  62,788
  69,315
  76,148
  83,284
  90,724
  98,473
  106,534
  114,916
  123,628
Fixed operating expenses, $m
  31
  31
  32
  33
  33
  34
  35
  36
  36
  37
  38
  39
  40
  41
  42
  42
  43
  44
  45
  46
  47
  48
  49
  51
  52
  53
  54
  55
  56
  58
Total operating expenses, $m
  585
  884
  1,306
  1,879
  2,634
  3,606
  4,825
  6,320
  8,116
  10,236
  12,694
  15,504
  18,671
  22,199
  26,086
  30,327
  34,917
  39,849
  45,114
  50,705
  56,614
  62,836
  69,364
  76,199
  83,336
  90,777
  98,527
  106,589
  114,972
  123,686
Operating income, $m
  -169
  -243
  -348
  -490
  -677
  -918
  -1,219
  -1,589
  -2,034
  -2,558
  -3,164
  -3,859
  -4,642
  -5,514
  -6,475
  -7,523
  -8,658
  -9,877
  -11,178
  -12,560
  -14,021
  -15,558
  -17,172
  -18,861
  -20,625
  -22,464
  -24,379
  -26,371
  -28,443
  -30,597
EBITDA, $m
  -161
  -232
  -332
  -468
  -646
  -876
  -1,164
  -1,518
  -1,942
  -2,443
  -3,023
  -3,687
  -4,435
  -5,267
  -6,185
  -7,186
  -8,269
  -9,434
  -10,676
  -11,996
  -13,390
  -14,859
  -16,399
  -18,012
  -19,696
  -21,453
  -23,282
  -25,184
  -27,163
  -29,219
Interest expense (income), $m
  0
  0
  6
  16
  29
  47
  70
  101
  139
  186
  242
  308
  385
  473
  572
  682
  803
  936
  1,080
  1,234
  1,398
  1,573
  1,758
  1,952
  2,156
  2,370
  2,593
  2,826
  3,068
  3,320
  3,582
Earnings before tax, $m
  -169
  -250
  -364
  -519
  -724
  -988
  -1,320
  -1,728
  -2,219
  -2,800
  -3,472
  -4,244
  -5,115
  -6,086
  -7,157
  -8,327
  -9,594
  -10,957
  -12,412
  -13,959
  -15,594
  -17,316
  -19,124
  -21,017
  -22,994
  -25,057
  -27,205
  -29,439
  -31,763
  -34,179
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -169
  -250
  -364
  -519
  -724
  -988
  -1,320
  -1,728
  -2,219
  -2,800
  -3,472
  -4,244
  -5,115
  -6,086
  -7,157
  -8,327
  -9,594
  -10,957
  -12,412
  -13,959
  -15,594
  -17,316
  -19,124
  -21,017
  -22,994
  -25,057
  -27,205
  -29,439
  -31,763
  -34,179

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  571
  882
  1,317
  1,910
  2,692
  3,697
  4,959
  6,507
  8,367
  10,562
  13,108
  16,017
  19,297
  22,950
  26,975
  31,367
  36,120
  41,227
  46,680
  52,469
  58,589
  65,031
  71,792
  78,869
  86,260
  93,966
  101,991
  110,341
  119,023
  128,046
Adjusted assets (=assets-cash), $m
  571
  882
  1,317
  1,910
  2,692
  3,697
  4,959
  6,507
  8,367
  10,562
  13,108
  16,017
  19,297
  22,950
  26,975
  31,367
  36,120
  41,227
  46,680
  52,469
  58,589
  65,031
  71,792
  78,869
  86,260
  93,966
  101,991
  110,341
  119,023
  128,046
Revenue / Adjusted assets
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
  0.727
Average production assets, $m
  31
  47
  71
  103
  145
  199
  267
  350
  450
  568
  705
  862
  1,038
  1,235
  1,451
  1,687
  1,943
  2,218
  2,511
  2,823
  3,152
  3,499
  3,862
  4,243
  4,641
  5,055
  5,487
  5,936
  6,403
  6,889
Working capital, $m
  -160
  -247
  -369
  -535
  -753
  -1,035
  -1,388
  -1,821
  -2,342
  -2,956
  -3,669
  -4,483
  -5,401
  -6,424
  -7,550
  -8,779
  -10,110
  -11,539
  -13,065
  -14,686
  -16,399
  -18,202
  -20,094
  -22,075
  -24,144
  -26,301
  -28,547
  -30,884
  -33,314
  -35,839
Total debt, $m
  120
  293
  537
  868
  1,305
  1,867
  2,572
  3,437
  4,477
  5,704
  7,127
  8,754
  10,587
  12,629
  14,879
  17,334
  19,991
  22,846
  25,894
  29,130
  32,551
  36,152
  39,932
  43,888
  48,019
  52,327
  56,813
  61,481
  66,334
  71,378
Total liabilities, $m
  319
  493
  736
  1,067
  1,505
  2,067
  2,772
  3,637
  4,677
  5,904
  7,327
  8,954
  10,787
  12,829
  15,079
  17,534
  20,191
  23,046
  26,094
  29,330
  32,751
  36,352
  40,132
  44,088
  48,219
  52,527
  57,013
  61,681
  66,534
  71,578
Total equity, $m
  252
  389
  581
  842
  1,187
  1,631
  2,187
  2,869
  3,690
  4,658
  5,781
  7,064
  8,510
  10,121
  11,896
  13,833
  15,929
  18,181
  20,586
  23,139
  25,838
  28,679
  31,660
  34,781
  38,040
  41,439
  44,978
  48,660
  52,489
  56,468
Total liabilities and equity, $m
  571
  882
  1,317
  1,909
  2,692
  3,698
  4,959
  6,506
  8,367
  10,562
  13,108
  16,018
  19,297
  22,950
  26,975
  31,367
  36,120
  41,227
  46,680
  52,469
  58,589
  65,031
  71,792
  78,869
  86,259
  93,966
  101,991
  110,341
  119,023
  128,046
Debt-to-equity ratio
  0.470
  0.750
  0.920
  1.030
  1.100
  1.140
  1.180
  1.200
  1.210
  1.220
  1.230
  1.240
  1.240
  1.250
  1.250
  1.250
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
  1.260
Adjusted equity ratio
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -169
  -250
  -364
  -519
  -724
  -988
  -1,320
  -1,728
  -2,219
  -2,800
  -3,472
  -4,244
  -5,115
  -6,086
  -7,157
  -8,327
  -9,594
  -10,957
  -12,412
  -13,959
  -15,594
  -17,316
  -19,124
  -21,017
  -22,994
  -25,057
  -27,205
  -29,439
  -31,763
  -34,179
Depreciation, amort., depletion, $m
  8
  11
  16
  22
  31
  42
  55
  72
  92
  115
  141
  172
  208
  247
  290
  337
  389
  444
  502
  565
  630
  700
  772
  849
  928
  1,011
  1,097
  1,187
  1,281
  1,378
Funds from operations, $m
  -161
  -239
  -348
  -497
  -693
  -947
  -1,265
  -1,656
  -2,128
  -2,684
  -3,331
  -4,072
  -4,907
  -5,839
  -6,867
  -7,989
  -9,206
  -10,513
  -11,910
  -13,394
  -14,963
  -16,616
  -18,352
  -20,168
  -22,066
  -24,046
  -26,107
  -28,252
  -30,483
  -32,801
Change in working capital, $m
  -60
  -87
  -122
  -166
  -219
  -281
  -353
  -433
  -521
  -614
  -713
  -814
  -918
  -1,022
  -1,126
  -1,229
  -1,330
  -1,429
  -1,526
  -1,620
  -1,713
  -1,803
  -1,892
  -1,981
  -2,069
  -2,157
  -2,246
  -2,337
  -2,430
  -2,526
Cash from operations, $m
  -101
  -152
  -226
  -331
  -474
  -665
  -912
  -1,223
  -1,607
  -2,070
  -2,619
  -3,257
  -3,989
  -4,817
  -5,740
  -6,760
  -7,875
  -9,084
  -10,384
  -11,774
  -13,251
  -14,813
  -16,459
  -18,188
  -19,998
  -21,889
  -23,861
  -25,915
  -28,053
  -30,275
Maintenance CAPEX, $m
  -4
  -6
  -9
  -14
  -21
  -29
  -40
  -53
  -70
  -90
  -114
  -141
  -172
  -208
  -247
  -290
  -337
  -389
  -444
  -502
  -565
  -630
  -700
  -772
  -849
  -928
  -1,011
  -1,097
  -1,187
  -1,281
New CAPEX, $m
  -12
  -17
  -23
  -32
  -42
  -54
  -68
  -83
  -100
  -118
  -137
  -157
  -176
  -197
  -217
  -236
  -256
  -275
  -293
  -311
  -329
  -347
  -364
  -381
  -398
  -415
  -432
  -449
  -467
  -485
Cash from investing activities, $m
  -16
  -23
  -32
  -46
  -63
  -83
  -108
  -136
  -170
  -208
  -251
  -298
  -348
  -405
  -464
  -526
  -593
  -664
  -737
  -813
  -894
  -977
  -1,064
  -1,153
  -1,247
  -1,343
  -1,443
  -1,546
  -1,654
  -1,766
Free cash flow, $m
  -116
  -175
  -259
  -377
  -537
  -748
  -1,020
  -1,360
  -1,777
  -2,278
  -2,869
  -3,555
  -4,338
  -5,221
  -6,204
  -7,287
  -8,468
  -9,747
  -11,121
  -12,587
  -14,144
  -15,790
  -17,523
  -19,341
  -21,244
  -23,231
  -25,304
  -27,462
  -29,707
  -32,041
Issuance/(repayment) of debt, $m
  120
  174
  243
  331
  437
  562
  705
  865
  1,040
  1,227
  1,423
  1,626
  1,833
  2,042
  2,250
  2,455
  2,657
  2,855
  3,048
  3,236
  3,421
  3,601
  3,779
  3,956
  4,132
  4,308
  4,486
  4,667
  4,853
  5,044
Issuance/(repurchase) of shares, $m
  263
  387
  556
  780
  1,069
  1,432
  1,877
  2,411
  3,040
  3,768
  4,595
  5,527
  6,561
  7,697
  8,932
  10,264
  11,690
  13,209
  14,817
  16,512
  18,292
  20,157
  22,106
  24,138
  26,254
  28,455
  30,744
  33,122
  35,592
  38,158
Cash from financing (excl. dividends), $m  
  383
  561
  799
  1,111
  1,506
  1,994
  2,582
  3,276
  4,080
  4,995
  6,018
  7,153
  8,394
  9,739
  11,182
  12,719
  14,347
  16,064
  17,865
  19,748
  21,713
  23,758
  25,885
  28,094
  30,386
  32,763
  35,230
  37,789
  40,445
  43,202
Total cash flow (excl. dividends), $m
  266
  386
  541
  734
  969
  1,246
  1,562
  1,916
  2,303
  2,716
  3,149
  3,599
  4,057
  4,518
  4,978
  5,433
  5,879
  6,317
  6,744
  7,161
  7,569
  7,968
  8,362
  8,753
  9,142
  9,532
  9,926
  10,327
  10,738
  11,160
Retained Cash Flow (-), $m
  -263
  -387
  -556
  -780
  -1,069
  -1,432
  -1,877
  -2,411
  -3,040
  -3,768
  -4,595
  -5,527
  -6,561
  -7,697
  -8,932
  -10,264
  -11,690
  -13,209
  -14,817
  -16,512
  -18,292
  -20,157
  -22,106
  -24,138
  -26,254
  -28,455
  -30,744
  -33,122
  -35,592
  -38,158
Prev. year cash balance distribution, $m
  42
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  45
  -1
  -15
  -46
  -100
  -186
  -314
  -495
  -737
  -1,051
  -1,446
  -1,928
  -2,505
  -3,179
  -3,954
  -4,831
  -5,811
  -6,892
  -8,073
  -9,351
  -10,724
  -12,189
  -13,743
  -15,385
  -17,112
  -18,923
  -20,818
  -22,794
  -24,854
  -26,997
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  43
  -1
  -13
  -38
  -77
  -135
  -212
  -309
  -423
  -551
  -687
  -823
  -952
  -1,067
  -1,161
  -1,228
  -1,264
  -1,269
  -1,243
  -1,188
  -1,109
  -1,011
  -901
  -784
  -666
  -552
  -447
  -353
  -271
  -203
Current shareholders' claim on cash, %
  85.7
  74.3
  65.0
  57.3
  50.8
  45.4
  40.7
  36.7
  33.1
  30.1
  27.4
  25.0
  22.9
  21.0
  19.3
  17.7
  16.3
  15.1
  14.0
  12.9
  12.0
  11.1
  10.3
  9.6
  8.9
  8.3
  7.7
  7.2
  6.7
  6.2

Okta, Inc. is a United States-based independent provider of identity for the enterprise. The Company's Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers. Its Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. The Okta for Developers include Complete Authentication, User Management, Application Programming Interface (API) Access Management and Developer Tools. The Company offers solutions, such as access applications across multiple domains; cloud applications on mobile devices; connecting to distributor and supplier identities; employee single sign-on (SSO) to applications; employee system of record; secure customer identity management; secure infrastructure and services, and mobile device lifecycle automation.

FINANCIAL RATIOS  of  Okta Cl A (OKTA)

Valuation Ratios
P/E Ratio -59.3
Price to Sales 31.1
Price to Book -311.2
Price to Tangible Book
Price to Cash Flow -118.5
Price to Free Cash Flow -92.2
Growth Rates
Sales Growth Rate 86%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 71.4%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets -59.8%
Ret/ On Assets - 3 Yr. Avg. -81%
Return On Total Capital -541.9%
Ret/ On T. Cap. - 3 Yr. Avg. -347.3%
Return On Equity -541.9%
Return On Equity - 3 Yr. Avg. -347.3%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 65%
Gross Margin - 3 Yr. Avg. 58.9%
EBITDA Margin -48.8%
EBITDA Margin - 3 Yr. Avg. -90.9%
Operating Margin -51.9%
Oper. Margin - 3 Yr. Avg. -94.7%
Pre-Tax Margin -51.9%
Pre-Tax Margin - 3 Yr. Avg. -94.7%
Net Profit Margin -52.5%
Net Profit Margin - 3 Yr. Avg. -94.9%
Effective Tax Rate -1.2%
Eff/ Tax Rate - 3 Yr. Avg. -0.4%
Payout Ratio 0%

OKTA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OKTA stock intrinsic value calculation we used $259.99 million for the last fiscal year's total revenue generated by Okta Cl A. The default revenue input number comes from 0001 income statement of Okta Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OKTA stock valuation model: a) initial revenue growth rate of 59.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for OKTA is calculated based on our internal credit rating of Okta Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Okta Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OKTA stock the variable cost ratio is equal to 133.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $30 million in the base year in the intrinsic value calculation for OKTA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Okta Cl A.

Corporate tax rate of 27% is the nominal tax rate for Okta Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OKTA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OKTA are equal to 7.4%.

Life of production assets of 3.8 years is the average useful life of capital assets used in Okta Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OKTA is equal to -38.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $199.34 million for Okta Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 87.254 million for Okta Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Okta Cl A at the current share price and the inputted number of shares is $4.8 billion.

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COMPANY NEWS

▶ Why Okta, Inc. Stock Popped Today   [Nov-07-18 02:07PM  Motley Fool]
▶ Why Okta Inc. Stock Fell 17% Last Month   [Nov-06-18 02:44PM  Motley Fool]
▶ Okta Is Holding Up Better Than Other Parts of the Market   [Oct-15-18 12:44PM  TheStreet.com]
▶ Okta Needs to Correct a Bit Before Longer-Term Gains   [Oct-08-18 09:06AM  TheStreet.com]
▶ Why Okta Inc. Stock Climbed 14% Last Month   [Oct-03-18 01:54PM  Motley Fool]
▶ Okta to Webcast Investor Day   [04:05PM  Business Wire]
▶ Okta CEO on the future of cloud   [Sep-27-18 07:00AM  CNBC Videos]
▶ [$$] Unprofitable Firms Are Outperforming Other Growth Stocks   [Sep-19-18 08:28PM  The Wall Street Journal]
▶ 2 Reasons Okta Can Keep Up Its Strong Growth   [Sep-17-18 06:46PM  Motley Fool]
▶ What's Behind Okta's Blowout Earnings?   [Sep-15-18 08:00PM  Motley Fool]
▶ 3 Breakout Stocks to Spice Up Your Portfolio   [Sep-13-18 03:03PM  InvestorPlace]
▶ Concerns over cyber security threats drive record earnings for Okta   [Sep-10-18 12:38PM  Yahoo Finance Video]
▶ Winners & Losers- Friday September 7th   [Sep-07-18 05:10PM  Yahoo Finance Video]
▶ What Happened in the Stock Market Today   [05:06PM  Motley Fool]
▶ Why Okta Inc. Stock Was Soaring Today   [01:52PM  Motley Fool]
▶ Okta's Blistering Growth Continues   [12:10PM  Motley Fool]
▶ Okta surges on strong earnings   [04:27PM  CNBC]
▶ Okta Announces Q2 FY19 Customer Momentum   [04:20PM  Business Wire]
▶ Okta: Fiscal 2Q Earnings Snapshot   [04:16PM  Associated Press]
▶ Okta's Q2 Earnings Preview   [08:08AM  Benzinga]
▶ Okta for Good boosts tech-centric nonprofits   [Aug-21-18 08:51AM  American City Business Journals]
▶ 3 Reasons Cisco Paid $2.35 Billion for Duo Security   [Aug-06-18 10:30AM  Motley Fool]
▶ Cisco Cybersecurity Acquisition Sends Up Shares In Rival Okta   [Aug-02-18 04:45PM  Investor's Business Daily]
▶ Why Okta, Inc. Stock Dropped Today   [Jul-30-18 04:37PM  Motley Fool]
▶ Okta for Good gives boost to tech-centered nonprofits   [Jul-26-18 08:00AM  American City Business Journals]
▶ Move Aside, Apple: These 4 Hot Software Stocks Are In Or Near Buy Range   [Jul-23-18 04:02PM  Investor's Business Daily]
▶ The Funded: Zoox tops 9 Bay Area fundings, 4 M&A deals at midweek   [Jul-18-18 02:08PM  American City Business Journals]
▶ If You're Long Cybersecurity Stocks, These 3 Are Closing In On Buy Points   [Jul-16-18 04:10PM  Investor's Business Daily]
▶ Why Okta's Shares Fell 10% in June   [Jul-12-18 03:15PM  Motley Fool]
▶ Dow Futures Rally Strongly; Watch These 5 Top Stocks   [07:57AM  Investor's Business Daily]
▶ San Francisco office rents climb for the first time in two years   [Jul-06-18 05:42PM  American City Business Journals]
▶ 3 Top Tech Stocks to Buy Right Now   [Jun-28-18 06:30AM  Motley Fool]
▶ Jim Cramer: Okta Is a Very Expensive Stock   [01:03PM  TheStreet.com]
▶ How Box CEO Aaron Levie sees the future of work   [Jun-07-18 04:21PM  American City Business Journals]

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