As of April 4, 2026, Asana Inc has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $6.37, this represents a potential upside of -677.0%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -562.7% |
| Potential Upside (10-year) | -677.0% |
| Discount Rate (WACC) | 6.8% - 8.5% |
Revenue is projected to grow from $791 million in 01-2026 to $2210 million by 01-2036, representing a compound annual growth rate of approximately 10.8%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 01-2026 | 791 | 9% |
| 01-2027 | 834 | 5% |
| 01-2028 | 944 | 13% |
| 01-2029 | 1080 | 14% |
| 01-2030 | 1230 | 14% |
| 01-2031 | 1371 | 11% |
| 01-2032 | 1527 | 11% |
| 01-2033 | 1703 | 12% |
| 01-2034 | 1865 | 10% |
| 01-2035 | 2042 | 9% |
| 01-2036 | 2210 | 8% |
Net profit margin is expected to improve from -24% in 01-2026 to -20% by 01-2036, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 01-2026 | (189) | -24% |
| 01-2027 | (187) | -22% |
| 01-2028 | (207) | -22% |
| 01-2029 | (231) | -21% |
| 01-2030 | (258) | -21% |
| 01-2031 | (281) | -21% |
| 01-2032 | (312) | -20% |
| 01-2033 | (346) | -20% |
| 01-2034 | (378) | -20% |
| 01-2035 | (412) | -20% |
| 01-2036 | (444) | -20% |
with a 5-year average of $18 million. Projected CapEx is expected to maintain at approximately 4% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 01-2027 | 15 |
| 01-2028 | 21 |
| 01-2029 | 26 |
| 01-2030 | 32 |
| 01-2031 | 39 |
| 01-2032 | 44 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 48 |
| Days Inventory | 0 |
| Days Payables | 55 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2027 | (188) | (3) | 30 | 5 | (221) |
| 2028 | (205) | (3) | 34 | 11 | (247) |
| 2029 | (227) | (3) | 39 | 19 | (281) |
| 2030 | (250) | (4) | 44 | 18 | (308) |
| 2031 | (269) | (4) | 49 | 17 | (331) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -562.7% |
| 10-Year DCF (Growth) | 0.00 | -677.0% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Asana Inc (ASAN) a buy or a sell? Asana Inc is definitely a sell. Based on our DCF analysis, Asana Inc (ASAN) appears to be overvalued with upside potential of -677.0%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $6.37.