Is SentinelOne Stock Undervalued?
Cybersecurity major SentinelOne (NYSE:S) has struggled over several years, delivering…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | $3.5B | $4.1B | $4.2B | $4.3B | |
| Revenue Growth (YoY) | -- | 18.66% | 16.4% | 1.33% | 2.84% | |
| Cost of Revenues | $2.3B | $2.7B | $3.2B | $3.4B | $3.4B | |
| Gross Profit | $670M | $892M | $887M | $818M | $933M | |
| Gross Profit Margin | 22.4% | 25.13% | 21.47% | 19.54% | 21.67% | |
| R&D Expenses | $87M | $107M | $56M | $77M | $59M | |
| Selling, General & Admin | $367M | $537M | $586M | $585M | $521M | |
| Other Inc / (Exp) | $30M | $52M | -$18M | -$43M | -$53M | |
| Operating Expenses | $454M | $644M | $556M | $435M | $536M | |
| Operating Income | $216M | $248M | $331M | $383M | $397M | |
| Net Interest Expenses | $6M | $49M | $31M | $104M | $327M | |
| EBT. Incl. Unusual Items | $240M | $251M | $157M | $89M | $139M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $48M | $64M | $50M | $237M | $44M | |
| Net Income to Company | $192M | $187M | $107M | -$148M | $81M | |
| Minority Interest in Earnings | -$1M | -$1M | -$1M | $2M | $1M | |
| Net Income to Common Excl Extra Items | $191M | $186M | $107M | -$148M | $81M | |
| Basic EPS (Cont. Ops) | $2.71 | $2.63 | $1.53 | -$2.12 | $1.11 | |
| Diluted EPS (Cont. Ops) | $2.71 | $2.63 | $1.53 | -$2.12 | $1.08 | |
| Weighted Average Basic Share | $70.6M | $70.6M | $70.6M | $70.6M | $72.2M | |
| Weighted Average Diluted Share | $70.6M | $70.6M | $70.6M | $70.6M | $74.2M | |
| EBITDA | $279M | $459M | $590M | $637M | $684M | |
| EBIT | $246M | $300M | $331M | $383M | $397M | |
| Revenue (Reported) | $3B | $3.5B | $4.1B | $4.2B | $4.3B | |
| Operating Income (Reported) | $216M | $248M | $331M | $383M | $397M | |
| Operating Income (Adjusted) | $246M | $300M | $331M | $383M | $397M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $1B | $1.1B | $1.1B | $1.1B | |
| Revenue Growth (YoY) | -- | -- | 3.59% | 0.56% | 4.47% | |
| Cost of Revenues | -- | $798M | $829M | $837M | $852M | |
| Gross Profit | -- | $232M | $238M | $236M | $269M | |
| Gross Profit Margin | -- | 22.52% | 22.31% | 21.99% | 24% | |
| R&D Expenses | -- | $6M | $17M | $15M | $18M | |
| Selling, General & Admin | -- | $131M | $160M | $127M | $143M | |
| Other Inc / (Exp) | -- | -$1M | -$2M | -$5M | -- | |
| Operating Expenses | -- | $121M | $121M | $131M | $146M | |
| Operating Income | -- | $111M | $117M | $105M | $123M | |
| Net Interest Expenses | -- | $6M | $6M | $84M | $74M | |
| EBT. Incl. Unusual Items | -- | $100M | $90M | $30M | $33M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $36M | $147M | $10M | $7M | |
| Net Income to Company | -- | $64M | -$57M | $15M | $19M | |
| Minority Interest in Earnings | -- | -- | $1M | -$1M | -- | |
| Net Income to Common Excl Extra Items | -- | $64M | -$57M | $20M | $26M | |
| Basic EPS (Cont. Ops) | -- | $0.91 | -$0.82 | $0.29 | $0.35 | |
| Diluted EPS (Cont. Ops) | -- | $0.91 | -$0.82 | $0.28 | $0.34 | |
| Weighted Average Basic Share | -- | $70.6M | $70.6M | $72.3M | $73.7M | |
| Weighted Average Diluted Share | -- | $70.6M | $70.6M | $74.5M | $76M | |
| EBITDA | -- | $178M | $180M | $179M | $193M | |
| EBIT | -- | $111M | $117M | $105M | $123M | |
| Revenue (Reported) | -- | $1B | $1.1B | $1.1B | $1.1B | |
| Operating Income (Reported) | -- | $111M | $117M | $105M | $123M | |
| Operating Income (Adjusted) | -- | $111M | $117M | $105M | $123M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | $4.2B | $4.3B | $4.3B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | $3.3B | $3.5B | $3.3B | |
| Gross Profit | -- | $660M | $876M | $823M | $1B | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | $64M | $69M | $65M | |
| Selling, General & Admin | -- | $446M | $585M | $531M | $508M | |
| Other Inc / (Exp) | -- | -$8M | -$12M | -$42M | -- | |
| Operating Expenses | -- | -- | $510M | $443M | $551M | |
| Operating Income | -- | -- | $366M | $380M | $457M | |
| Net Interest Expenses | -- | $23M | $23M | $339M | $295M | |
| EBT. Incl. Unusual Items | -- | $156M | $228M | -$61M | $196M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | $191M | $62M | $58M | |
| Net Income to Company | -- | -- | $37M | -$143M | $115M | |
| Minority Interest in Earnings | -- | $1M | -$1M | -$1M | $1M | |
| Net Income to Common Excl Extra Items | -- | -- | $37M | -$123M | $124M | |
| Basic EPS (Cont. Ops) | -- | -- | $0.54 | -$1.74 | $1.68 | |
| Diluted EPS (Cont. Ops) | -- | $1.43 | $0.54 | -$1.76 | $1.64 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -- | -- | $617M | $669M | $737M | |
| EBIT | -- | -- | $366M | $380M | $457M | |
| Revenue (Reported) | -- | -- | $4.2B | $4.3B | $4.3B | |
| Operating Income (Reported) | -- | -- | $366M | $380M | $457M | |
| Operating Income (Adjusted) | -- | -- | $366M | $380M | $457M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | $3.1B | $3.1B | $3.2B | $3.2B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | $2.4B | $2.4B | $2.5B | $2.5B | |
| Gross Profit | -- | $660M | $649M | $662M | $742M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | $46M | $54M | $43M | $52M | |
| Selling, General & Admin | -- | $446M | $445M | $391M | $381M | |
| Other Inc / (Exp) | -- | -$8M | -$6M | -$5M | $8M | |
| Operating Expenses | -- | $424M | $378M | $402M | $419M | |
| Operating Income | -- | $236M | $271M | $260M | $323M | |
| Net Interest Expenses | -- | $23M | $15M | $250M | $218M | |
| EBT. Incl. Unusual Items | -- | $156M | $227M | $59M | $122M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $54M | $195M | $18M | $36M | |
| Net Income to Company | -- | $102M | -$57M | $37M | $77M | |
| Minority Interest in Earnings | -- | $1M | $1M | -$2M | -$2M | |
| Net Income to Common Excl Extra Items | -- | $102M | $32M | $41M | $86M | |
| Basic EPS (Cont. Ops) | -- | $1.43 | $0.44 | $0.59 | $1.20 | |
| Diluted EPS (Cont. Ops) | -- | $1.43 | $0.44 | $0.58 | $1.17 | |
| Weighted Average Basic Share | -- | $211.8M | $211.8M | $216.1M | $220.3M | |
| Weighted Average Diluted Share | -- | $211.8M | $211.8M | $219.8M | $226.1M | |
| EBITDA | -- | $427M | $454M | $478M | $534M | |
| EBIT | -- | $236M | $271M | $260M | $323M | |
| Revenue (Reported) | -- | $3.1B | $3.1B | $3.2B | $3.2B | |
| Operating Income (Reported) | -- | $236M | $271M | $260M | $323M | |
| Operating Income (Adjusted) | -- | $236M | $271M | $260M | $323M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | $238M | $497M | $577M | $629M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | $399M | $445M | $614M | $500M | |
| Inventory | -- | $467M | $419M | $333M | $307M | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | $204M | $231M | $253M | $242M | |
| Total Current Assets | -- | $1.6B | $1.6B | $1.9B | $1.7B | |
| Property Plant And Equipment | -- | $528M | $497M | $612M | $618M | |
| Long-Term Investments | -- | -- | $365M | $9M | $19M | |
| Goodwill | -- | $1.9B | $1.9B | $2B | $2B | |
| Other Intangibles | -- | $815M | $729M | $635M | $550M | |
| Other Long-Term Assets | -- | $88M | $123M | $169M | $156M | |
| Total Assets | -- | $5.6B | $5.8B | $5.7B | $5.5B | |
| Accounts Payable | -- | $389M | $350M | $505M | $564M | |
| Accrued Expenses | -- | $120M | $69M | $149M | $147M | |
| Current Portion Of Long-Term Debt | -- | $208M | $108M | $76M | $81M | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | $541M | $473M | $704M | $597M | |
| Total Current Liabilities | -- | $1.6B | $1.4B | $1.8B | $1.7B | |
| Long-Term Debt | -- | $1.2B | $776M | $3B | $3B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | $3.2B | $2.5B | $5.5B | $5.3B | |
| Common Stock | -- | -- | -- | $1M | $1M | |
| Other Common Equity Adj | -- | -$98M | -$63M | $86M | -$19M | |
| Common Equity | -- | $2.3B | $3.3B | $219M | $219M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | $3M | -$1M | $3M | $4M | |
| Total Equity | -- | $2.3B | $3.3B | $222M | $223M | |
| Total Liabilities and Equity | -- | $5.6B | $5.8B | $5.7B | $5.5B | |
| Cash and Short Terms | -- | $238M | $497M | $577M | $629M | |
| Total Debt | -- | $1.4B | $885M | $3.1B | $3.1B | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | -- | $670M | $674M | $574M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | $405M | $552M | $506M | |
| Inventory | -- | -- | $431M | $351M | $383M | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | $306M | $283M | -- | |
| Total Current Assets | -- | -- | $1.9B | $1.9B | $1.8B | |
| Property Plant And Equipment | -- | -- | $573M | $592M | $646M | |
| Long-Term Investments | -- | -- | $2.7B | $10M | $13M | |
| Goodwill | -- | -- | $2B | $2B | -- | |
| Other Intangibles | -- | -- | $653M | $583M | -- | |
| Other Long-Term Assets | -- | -- | $2.2B | $165M | -- | |
| Total Assets | -- | -- | $8.3B | $5.7B | $5.7B | |
| Accounts Payable | -- | -- | $375M | $545M | $530M | |
| Accrued Expenses | -- | -- | $150M | $152M | -- | |
| Current Portion Of Long-Term Debt | -- | -- | $132M | $88M | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | $551M | $710M | -- | |
| Total Current Liabilities | -- | -- | $1.6B | $1.8B | $1.8B | |
| Long-Term Debt | -- | -- | $2.4B | $3B | $2.9B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | -- | $4.7B | $5.5B | $5.3B | |
| Common Stock | -- | -- | -- | $1M | $1M | |
| Other Common Equity Adj | -- | -- | -$38M | $41M | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -$2M | $1M | |
| Total Equity | -- | -- | $3.6B | $262M | $331M | |
| Total Liabilities and Equity | -- | -- | $8.3B | $5.7B | $5.7B | |
| Cash and Short Terms | -- | -- | $670M | $674M | $574M | |
| Total Debt | -- | -- | $2.5B | $3B | $2.9B | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $192M | $187M | $107M | -$148M | $81M | |
| Depreciation & Amoritzation | $33M | $159M | $259M | $254M | $287M | |
| Stock-Based Compensation | $48M | $82M | $66M | $68M | $38M | |
| Change in Accounts Receivable | $159M | $70M | -$78M | -$50M | $106M | |
| Change in Inventories | $81M | -$136M | -$10M | $53M | -$77M | |
| Cash From Operations | $410M | $449M | $274M | $355M | $344M | |
| Capital Expenditures | $30M | $111M | $97M | $132M | $139M | |
| Cash Acquisitions | -- | -$2.3B | $78M | $1M | -- | |
| Cash From Investing | -$60M | -$2.5B | -$417M | -$316M | -$135M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $25M | $1.2B | $68M | $3.6B | $1.4B | |
| Long-Term Debt Repaid | -$23M | -$10M | -$606M | -$490M | -$1.5B | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$340M | $1.2B | $721M | -$3.1B | -$31M | |
| Cash From Financing | -$338M | $2.3B | $183M | $31M | -$134M | |
| Beginning Cash (CF) | $178M | $170M | $497M | $577M | $629M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $12M | $301M | $29M | $87M | $55M | |
| Ending Cash (CF) | $170M | $470M | $515M | $681M | $664M | |
| Levered Free Cash Flow | $380M | $338M | $177M | $223M | $205M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | $64M | -$57M | $15M | $19M | |
| Depreciation & Amoritzation | -- | $67M | $63M | $74M | $70M | |
| Stock-Based Compensation | -- | $14M | $12M | $9M | $8M | |
| Change in Accounts Receivable | -- | -$28M | $22M | $91M | $93M | |
| Change in Inventories | -- | $13M | -$20M | -$28M | -$1M | |
| Cash From Operations | -- | $226M | $147M | $107M | $25M | |
| Capital Expenditures | -- | $36M | $48M | $26M | $43M | |
| Cash Acquisitions | -- | $11M | $1M | -- | $17M | |
| Cash From Investing | -- | -$97M | -$254M | -$39M | -$51M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | $56M | $2.2B | $386M | -- | |
| Long-Term Debt Repaid | -- | -$35M | -$258M | -$401M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -$65M | $315M | -$6M | -- | |
| Cash From Financing | -- | -$44M | $2.3B | -$19M | -$36M | |
| Beginning Cash (CF) | -- | $453M | $670M | $674M | $574M | |
| Foreign Exchange Rate Adjustment | -- | -$36M | $13M | $5M | -$1M | |
| Additions / Reductions | -- | $49M | $2.2B | $54M | -$63M | |
| Ending Cash (CF) | -- | $502M | $2.8B | $733M | $510M | |
| Levered Free Cash Flow | -- | $190M | $99M | $81M | -$18M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | $37M | -$143M | $115M | |
| Depreciation & Amoritzation | -- | -- | $251M | $289M | $280M | |
| Stock-Based Compensation | -- | $51M | $60M | $51M | $35M | |
| Change in Accounts Receivable | -- | -- | $57M | -$9M | $56M | |
| Change in Inventories | -- | -- | $14M | $11M | -$108M | |
| Cash From Operations | -- | -- | $380M | $272M | $205M | |
| Capital Expenditures | -- | $36M | $75M | $143M | $150M | |
| Cash Acquisitions | -- | -$78M | -- | -- | $17M | |
| Cash From Investing | -- | -- | -$311M | -$157M | -$113M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | $2B | $2.3B | -- | |
| Long-Term Debt Repaid | -- | -- | -$254M | -$1.1B | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | $324M | -$3.4B | -- | |
| Cash From Financing | -- | -- | $2.1B | -$2.1B | -$187M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | $2.2B | -$2B | -$97M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | $268M | $129M | $55M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | $102M | -$57M | $37M | $77M | |
| Depreciation & Amoritzation | -- | $191M | $63M | $218M | $211M | |
| Stock-Based Compensation | -- | $51M | $12M | $28M | $25M | |
| Change in Accounts Receivable | -- | -$96M | $22M | $80M | $29M | |
| Change in Inventories | -- | -$59M | -$20M | -$77M | -$108M | |
| Cash From Operations | -- | $241M | $147M | $264M | $125M | |
| Capital Expenditures | -- | $70M | $48M | $96M | $119M | |
| Cash Acquisitions | -- | -$56M | $1M | -- | $17M | |
| Cash From Investing | -- | -$375M | -$254M | -$110M | -$88M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | $271M | $2.2B | $919M | $440M | |
| Long-Term Debt Repaid | -- | -$667M | -$315M | -$950M | -$486M | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | $623M | $226M | -$21M | -$27M | |
| Cash From Financing | -- | $227M | $2.3B | -$49M | -$102M | |
| Beginning Cash (CF) | -- | $1.4B | $1.2B | $1.9B | $1.9B | |
| Foreign Exchange Rate Adjustment | -- | -$36M | $13M | -$7M | $11M | |
| Additions / Reductions | -- | $57M | $2.2B | $98M | -$54M | |
| Ending Cash (CF) | -- | $1.4B | $2.8B | $2B | $1.8B | |
| Levered Free Cash Flow | -- | $171M | $99M | $168M | $6M | |
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