저자: FrankDarring,CathieWood · 외국인
요약 보기
ARK 애널리스트들은 팔란티어의 고밸류에이션에도 AI 플랫폼 포지셔닝을 근거로 강한 확신을 표명. 미국 상업부문 매출 성장률 93%로 가속, 전체 매출 성장률 40%. 최근 분기 FCF 마진 약 57%(12개월 기준 약 50%)로 클라우드플레어(약 10%) 대비 5배 현금창출력 주장. 포트폴리오 내 상위 10종목 유지하며 일부 차익실현, 밸류에이션이 낮았다면 테슬라와 함께 최상위 비중일 것이라 발언. 투자 조언 아님 명시.
다듬은 글
Today we've got Kathy Wood from Arc Invest and we're going to talk about the biggest question that everyone asks about Palanteer. Is the stock just too expensive? When a company's stock price goes up as much as Palanteers has, a lot of people get nervous. They see the high price tag and think, "I must have missed it or there's no way it can keep going." It's a fair question and it's probably the number one reason some investors have decided to stay on the sidelines.
But the thing is, looking at the price doesn't tell you the whole story. What if there's something else going on under the surface and the reason why the company is so special? How do the big professional investors who study these companies all day decide when a high price is actually a fair price or a price for an amazing business?
In today's video, we're going to listen to Frank Daring and Kathy Wood from Arc Invest. They're going to give us some insights and their takes on Palunteer and its stock price. We're going to learn one of the key secret reasons why this company is so different from others and why it is so much more profitable than any of its so-called competition.
We're going to break down this interview, one of ARK's latest, to see exactly how they're thinking about Palanteer at the moment. They're going to go through some of the company's incredible earnings. Frank will also point to one key number that proves Palanteer makes way more real cash profit for every dollar it earns than one of its closest rivals.
And finally, they will compare Palanteer to one of the other most favorite companies and most successful companies in the world, which just shows you how much ARC believes in Palanteer's future. This video will give you an interesting new way to think about Palanteer's value. Check this out. So Frank, what is your view on Palunteer's current valuation?
Yeah, sure. Our thesis on Palunteer really centers around their positioning as the platform for enabling AI use cases at scale. Uh and I think I think you see that in their numbers kind of across the board. Their their topline revenue accelerated to 40% uh overall growth this quarter. Their US business is on fire on the commercial segment.
Uh so enterprise software they're growing 93% year-on-year and that was an acceleration from 71% year-on-year growth last year. Uh and if you translate that relative to uh their valuation in the market, they're for sure priced at a premium. If you look on a a price to next 12-mon sales, they're trading around 75 times.
The next closest cloud software company is Cloudflare trading at 30 times. But I think if you just look at that kind of price to sales number which is used uh commonly for software companies because not all of them are profitable. Quick bug for anyone who owns a business. Picture this. Someone Googles a question about your industry.
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We've helped multiple businesses do this and scaled to over $100,000 a month purely from the leads their channel brought in. If you own a business and want to see how this could work for you, book a call with me using the link below. It really understates the profitability of of Palanteer's business where they had a 70 57% free cash flow margin in the most recent quarter.
Uh and if you look over the last 12 months, they're at a 10% a 50% free cash flow margin versus Cloudflare's 10%. So five times more uh free cash flow for every dollar of revenue that uh Palunteer brings in. And I think you have to also think of that as uh they in the context of Palunteer's business is accelerating because of their position in this growing AI opportunity.
Well, a lot of enterprise software companies uh in their peer group are still decelerating. I think we did see uh certain green shoots of the market broadening out which is really good this quarter. Um Snowflake and MongoDB is an example of that. Uh but the the the the impact it's had on Palunteer's business I don't think can be understated.
And we really think they're in rare territory in terms of strategic positioning the fundamentals of the business uh and the valuation. And I think we we take all of those into account when we're positioning uh uh this name in our portfolio. So if you followed our positions and strategies like ARK or ARKW as Palanteer has uh really grown faster than the rest of its software peers and appreciated in the market we've taken considerable amounts of profits uh but still balancing that with our conviction in the name kept it generally around the top 10 uh because of uh of the magnitude of the opportunity and and also I'll say you know you can you can look at our big ideas reports to see the the size of the AI opportunity that we think is to come and we think platform layer where platform uh where Palanteer sits is the most important layer and Palanteer is best positioned there
right and and we should uh add from a portfolio management point of view I think if uh if uh Palunteer's uh valuation was not at this level it would it would be right at the top of our portfolio with uh with Tesla that is how high our confidence is uh at premier platform as a service opportunity. Okay, so after watching that full interview, let's break down what we just learned.
The analyst from Arc Frank gives us a masterclass on how to look past a scary stock price and see a real business underneath. First, he spoke about the amazing growth. He said Palanteer's business in the United States is on fire, growing at an incredible 93% year-over-year. While many other software companies are slowing down, Palanteer is speeding up.
That is one of the first big clues that something special is happening here with Palanteer. But the growth is only half the story. The real secret weapon, as Frank explained, is how much real cash profit the company makes. This is arguably one of the most important parts. Frank said that for every dollar Palanteer makes in sales, they get to keep 50 cent as pure cash profit.
Their next apparent closest competitor only gets to keep 10 cent. That means Palanteer is currently operating at a five times better cash machine than its rivals. When a company makes that much more real cash, it means they have a much stronger and better business. Finally, Kathy Wood's remarks at the end.
That was an ultimate vote of confidence. Kathy said that their belief in Palanteer is so high that is right up there with Tesla. Now, in my opinion, when a top expert like Cathy compares a company to Tesla, it tells you they believe it's not just a good company, but a company that could truly change the world.
So when you put it all together, the incredible growth, the fact that they are a cashmaking machine, and the comparison to a company like Tesla, it does give you an understanding as to why they do have a high stock price. Today's video is all about how you take a look at a company. With a stock price is as high as Palanteers is at the moment, it's easy to get scared off with a stock price so high.
But as we learned, sometimes you have to look deeper to find the truth. The real story isn't the price, but it's the strength of the business itself. By understanding that Palanteer is not just growing fast, but is also making a huge amount of real cash profit, we can see why some smart investors are excited about its future.
The goal of this video here wasn't to talk about the stock price itself. It was to help give you some context on the strength of the underlying business that Palanteer is operating. Please don't take any of this as financial advice. Even Kathy Wood said it would be a larger holding for them if the valuation wasn't so stretched.
From my perspective, the company underneath the stock price is firing on all cylinders, growing across the world, such as their new deal in the UK for a billion dollars. And watching Palanteer continue to execute time in and time out is what makes me so passionate about this company. If you found this video of any value at all, why not consider hitting subscribe? Chiss.
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