Why Elastic Stock’s Recent Earnings Beat Doesn’t Mean It’s Time To Buy (ESTC) -LSB

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Khanchit Khirisutchalual

The last several years have been difficult for an emerging cloud company like Elastic (NYSE:ESTC). Like most rapidly growing, unprofitable companies, high inflation, war, supply chain disruptions, and other problems that ravaged a post-pandemic economy hurt the company’s fundamentals. Things only got worse when cloud

Third quarter FY 2024 reported Free Cash Flow TTM

(Trailing 12 months in millions)

$67
Terminal growth rate3%
Discount Rate10%
Years 1 -10 growth rate37%
Current Stock Price (December 12, 2023, closing price)$ 116.35
Terminal FCF value$1.607 billion

Third quarter FY 2024 reported Free Cash Flow TTM

(Trailing 12 months in millions)

$88.67
Terminal growth rate3%
Discount Rate10%
Years 1 -10 growth rate31%
Current Stock price$116.35
Terminal FCF value$1.027 billion
Intrinsic Value$76.66

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