Snowflake Inc (SNOW US) $US247.52
SNOW is a U.S.-based cloud data platform company that enables organisations to store, manage, and analyse large volumes of data seamlessly across multiple cloud providers.
Snowflake (SNOW US)
SNOW US$290.60
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 290.60
- Change
- ▼ -4.44 (-1.50)
- Bid / Ask
- 290.46 - 290.60
- Volume
- 1,203,183
- Turnover
- 165,911,393
- Open
- 292.35
- Day Range
- 285.00 - 296.84
- VWAP
- 290.38
- Prev Close
- 295.04
- Last Trade
- 04/11 7:00pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Technology
- Shares Issued
- 352,800,000
- NTA/Share
- 1.06
- Last Dividend
- —
- Dividend Ex Date
- —
- Dividend Pay Date
- —
Current (USD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 4,683.95
- EBITDA
- -1,273.73
- Profit
- -1,331.62
- Earnings Per Share (EPS)
- -3.95
- Dividend Per Share (DPS)
- —
- Yield %
- 0.00
- Market Cap
- 102,523.68
- Price to Earnings Ratio (P/E)
- -91.67
Estimates (USD) · FY2028
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 8,134.82
- EBITDA
- -676.00
- Profit
- 1,143.28
- Earnings Per Share (EPS)
- 2.95
- Dividend Per Share (DPS)
- 0.00
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Overvalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 4 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 217.41 Fair value 275.28 One-star price 348.56
Morningstar Quantitative Rating as of 4 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 275.28
- Price / Fair Value
- 1.06
- Valuation
- Overvalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 4 NOV 2026. The slider runs from the five-star price (217.41) to the one-star price (348.56).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 295.04 |
| Price - 12 month high | 384.26 |
| Price - 12 month low | 118.30 |
| Pricing date | 3 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 4.04 |
| Market capitalization | 102,523.68 |
| 12 Month High price date | 3 SEP 2026 |
| 12 Month Low price date | 10 APR 2026 |
| Volume - avg. trading volume for the last 3 months | 4.74 |
| Price - 1 Day % Change | 1.50% |
| Price - 13 week price percent change | -4.06% |
| Price - 26 week price percent change | 109.25% |
| Price - 5 Day % Change | -12.56% |
| Price - 52 week price percent change | 6.46% |
| Price - YTD price percent change | 32.87% |
| Price % Change Month To Date | -13.49% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | -3.950 |
| EPS excluding extraordinary items - trailing 12 month | -3.180 |
| EPS Normalized - most recent fiscal year | 1.250 |
| Revenue/share - most recent fiscal year | 13.879 |
| Revenue/share - trailing 12 month | 15.790 |
| Book value per share - most recent fiscal year | 5.595 |
| Book value per share - most recent quarter | 6.099 |
| Book value (tangible) per share - most recent fiscal year | 1.062 |
| Book value (tangible) per share - most recent quarter | 0.100 |
| Cash per share - most recent fiscal year | 8.223 |
| Cash per share - most recent quarter | 4.844 |
| Cash Flow per share - most recent fiscal year | 2.484 |
| Cash Flow per share - trailing 12 month | 3.133 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.000 |
| EBITD per share - trailing 12 month | -2.860 |
| EPS Basic excluding extraordinary items - most recent fiscal year | -3.950 |
| EPS Basic excluding extraordinary items - trailing 12 month | -3.180 |
| EPS including extraordinary items - most recent fiscal year | -3.950 |
| EPS including extraordinary items - trailing 12 month | -3.170 |
| Free Cash Flow per share - trailing 12 month | 2.960 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | — |
| P/E Normalized, most recent fiscal year | 171.95 |
| Price to sales - most recent fiscal year | 18.40 |
| Price to Tangible Book - most fiscal year | 2,893.64 |
| Price to Free Cash Flow per Share - most recent fiscal year | 98.19 |
| Price to Cash Flow per share - trailing 12 month | 92.75 |
| Price to Book - most recent fiscal year | 47.65 |
| P/E excluding extraordinary items high, trailing 12 months | — |
| P/E excluding extraordinary items low, trailing 12 months | — |
| Net Debt, LFI | 419.12 |
| Net Debt, LFY | -1,288.57 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | — |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.00% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 733.45 |
| LT debt/equity - most recent fiscal year | 139.88% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 142.46% |
| LT debt/equity - most recent quarter | 125.79% |
| Total debt/total equity - most recent quarter | 128.57% |
| Free Cash Flow - trailing 12 month | 1,018.64 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 4,683.95 |
| Revenue - trailing 12 month | 5,434.65 |
| EBITD - most recent fiscal year | -1,273.73 |
| EBITD - trailing 12 month | -984.49 |
| Earnings before taxes - most recent fiscal year | -1,311.91 |
| Earnings before taxes - trailing 12 month | -1,074.77 |
| Net Income available to common - most recent fiscal year | -1,331.62 |
| Net Income available to common - trailing 12 months | -1,090.80 |
| Earnings before taxes Normalized - most recent fiscal year | 463.82 |
| Net Income Available to Common, Normalized - most recent fiscal year | 465.89 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 1.69 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | -28.37% |
| Net Profit Margin % - trailing 12 month | -20.03% |
| Operating margin - 1st historical fiscal year | -30.64% |
| Operating margin - trailing 12 month | -22.76% |
| Pretax margin - trailing 12 month | -19.78% |
| Pretax margin - 1st historical fiscal year | -28.01% |
| Operating Margin - 5 year average | -41.84% |
| Pretax Margin - 5 year average | -37.75% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 10.86% |
| Free Operating Cash Flow/Revenue, TTM | 18.74% |
| Net Profit Margin - 5 year average | -37.63% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | -15.54% |
| Return on average assets - trailing 12 month | -12.71% |
| Return on average equity - most recent fiscal year | -56.14% |
| Return on average equity - trailing 12 month | -51.74% |
| Return on average assets - 5 year average | -13.12% |
| Return on average equity - 5 year average | -27.45% |
| Net Income/employee - most recent fiscal year | -146,692.60 |
| Revenue/employee - most recent fiscal year | 516,991.83 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 51.23% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | 27.12% |
| Growth rate% - Revenue, 3 year | 31.38% |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | -20.07% |
| Capital Spending growth rate, 5 year | 16.55% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | 2030 | ||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | JAN 22 | JAN 23 | JAN 24 | JAN 25 | JAN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
Snowflake (SNOW US) $US209.12
Snowflake is an exciting way to play AI, and we’ve held the stock in the past, unfortunately taking a loss when we sold out around a year ago. Our concern at the time was that a high level of investment in new capability and products would likely have an extended period before they would pay off, pressuring margins.
Snowflake (SNOW US) $US171.28
Last week, SNOW reported a significantly stronger Q3 result in the areas that mattered. Top-line growth is very important, but it was not our concern when selling; margins and, therefore, earnings were. To that end, while quarterly revenue of US$942m was light, margins were better, and that drove a decent beat in earnings.
International Equities Portfolio – Amendments
We are making several changes to the International Equities Portfolio.
Snowflake (SNOW US) $US135.06
Reported Q2 results after market in the US overnight, and while the stocks was up 2.3% ahead of the results, they traded down after hours by ~5%.
Snowflake (SNOW US) $US128.48
We’ve written very positively about US-listed data business Snowflake (SNOW US) on many occasions (a history of this can be viewed on the site here), but more recently, the share price has come under pressure, and we’re now sitting with a 14% loss on our 5% holding, having been up significantly at various times since originally buying in 2022. It seems some investors have run the three-strikes policy, and simply cut the stock, pushing shares down ~50% from this year’s high.
Snowflake Inc (SNOW US) $US163.34
While Nvidia took all the headlines overnight, fellow AI operative Snowflake also reported results that were ahead of expectations for the quarter while guidance was also solid. This is the first full quarter that Sridhar Ramaswamy, a former Google executive and co-founder of search startup Neeva, has been Snowflake’s CEO, and we were looking for a re-acceleration of growth after a period of turbulence that had weighed on the share price - the stock is down 18% this year.
International Equities Portfolio – Amendments
We are adding to 2 positions in the International equities Portfolio
Snowflake (SNOW US) $US188.28
A tough session overnight for data business Snowflake (SNOW US), held in our International Equities Portfolio down 18% after announcing a mildly weaker outlook and the surprise departure of their CEO Frank Slootman - who’s incredibly well regarded. We think this surprise accounts for the majority of the decline and when combined with a slightly weaker-than-expected outlook, overlayed with the ~70% rally the stock has experienced since November, some selling is understandable.
How is the venture capitalist community thinking about technology?
We read an interesting piece of research published by UBS this week following their 2-day VC conference where a bunch of well-regarded firms discuss emerging enterprise technology trends, the companies that these VC firms have invested in and the impacts these trends may have on publicly traded software stocks.
Action
Updated
23/10/2025
09:09
SNOW US
Updated 23/10/2025 09:09
MM is bullish towards SNOW
Updated
20/06/2025
10:30
SNOW US
Updated 20/06/2025 10:30
MM is adding SNOW to the International Hitlist
Updated
27/11/2024
10:23
SNOW US
Updated 27/11/2024 10:23
MM has turned from neutral to bullish on SNOW US
Updated
12/09/2024
17:16
SNOW US
Updated 12/09/2024 17:16
MM are selling SNOW US in the International Equities Portfolio, taking a loss around $US112.00
Updated
23/08/2024
09:37
SNOW US
Updated 23/08/2024 09:37
MM is neutral on SNOW US
Updated
12/06/2024
10:05
SNOW US
Updated 12/06/2024 10:05
MM has turned neutral SNOW US, and we may cut our position
Updated
23/05/2024
13:09
SNOW US
Updated 23/05/2024 13:09
MM remains long and bullish SNOW US
Updated
25/03/2024
09:02
SNOW US
Updated 25/03/2024 09:02
MM are adding to Snowflake (SNOW US) in the International Equities Portfolio, targeting a 5% weighting around $US163.00
Updated
01/03/2024
12:48
SNOW US
Updated 01/03/2024 12:48
MM remains long & bullish SNOW US
Updated
24/01/2024
16:20
SNOW US
Updated 24/01/2024 16:20
MM remains long and bullish towards SNOW
Business Summary
Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake's cloud-native architecture allows users to independently scale the computeand storage layers, providing customers with optimized performance at lower costs. The company's data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.
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