As of May 29, 2025, Asana Inc has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $18.29, this represents a potential upside of -416.8%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -327.2% |
| Potential Upside (10-year) | -416.8% |
| Discount Rate (WACC) | 7.5% - 9.9% |
Revenue is projected to grow from $724 million in 01-2025 to $2946 million by 01-2035, representing a compound annual growth rate of approximately 15.1%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 01-2025 | 724 | 11% |
| 01-2026 | 764 | 6% |
| 01-2027 | 939 | 23% |
| 01-2028 | 1155 | 23% |
| 01-2029 | 1372 | 19% |
| 01-2030 | 1616 | 18% |
| 01-2031 | 1859 | 15% |
| 01-2032 | 2139 | 15% |
| 01-2033 | 2400 | 12% |
| 01-2034 | 2669 | 11% |
| 01-2035 | 2946 | 10% |
Net profit margin is expected to improve from -35% in 01-2025 to -31% by 01-2035, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 01-2025 | (256) | -35% |
| 01-2026 | (258) | -34% |
| 01-2027 | (312) | -33% |
| 01-2028 | (378) | -33% |
| 01-2029 | (443) | -32% |
| 01-2030 | (515) | -32% |
| 01-2031 | (590) | -32% |
| 01-2032 | (677) | -32% |
| 01-2033 | (758) | -32% |
| 01-2034 | (841) | -32% |
| 01-2035 | (926) | -31% |
with a 5-year average of $27 million. Projected CapEx is expected to maintain at approximately 8% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 01-2026 | 28 |
| 01-2027 | 35 |
| 01-2028 | 53 |
| 01-2029 | 74 |
| 01-2030 | 98 |
| 01-2031 | 117 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 50 |
| Days Inventory | 0 |
| Days Payables | 45 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2026 | (251) | (3) | 64 | 16 | (328) |
| 2027 | (302) | (4) | 79 | 18 | (395) |
| 2028 | (356) | (5) | 97 | 24 | (473) |
| 2029 | (407) | (5) | 115 | 30 | (547) |
| 2030 | (460) | (6) | 136 | 28 | (618) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -327.2% |
| 10-Year DCF (Growth) | 0.00 | -416.8% |
| 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 -416.8%. 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 $18.29.