Encouraging CRWD trend

Investment Analysis Clubs Saul’s Investing Discussions
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Free Cash Flow Margin:


Fiscal 2017   -123%
Fiscal 2018    -80%
Fiscal 2019    -26%

Gross Profit Percent of Revenue

Fiscal 2017    36%
Fiscal 2018    54%
Fiscal 2019    65%
Last Q         71%

Dollar Based Net Retention Rate

Fiscal 2017    103%
Fiscal 2018    119%
Fiscal 2019    147%
*When I see people obsessing over "value" metrics like EV/S for these companies (which essentially compare them to legacy S&P-type companies) and deciding they are over-valued so they can't buy them, I just scratch my head. They are just missing what's going on in the world. (But that's just my opinion).*

Saul,

Those numbers are all incredible. You’re right that CRWD which has these numbers (and near-100% YoY growth) is in a different league than even another exciting company with 50% or 60% growth.

But if you’re saying you can buy a business with these numbers at ANY price, I still disagree. What about a market cap of $200 billion? I doubt you would pay that. Sure, that’s an absurd example, but if you’re saying you’d buy it at any price, but not that price…what are you saying?

Bear

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