C3.ai (AI)
Tiernan Ray recently wrote a report containing an interview with Tom Siebel, CEO of AI. As usual, it was an insightful research report, but I was particularly intrigued by the final quote in the article, as follows:
“I think it’s a steal, are you kidding me?” replies Siebel. “We’re a company with a third of a trillion-dollar business, addressing a six hundred-billion-dollar addressable market.
“I assure you that the other side of this recession, if we have a company growing greater than thirty percent, that’s profitable, that is a leader, if not the leader, in this sector, we are not going to be trading at a value of two” times sales, the current valuation based on enterprise value divided by next year’s sales. “So, yeah, I think the stock is a steal.”
Select the following for Quarterly Revenue data. Dropped off in 2022Q3 and 2022Q4 doesn’t look good. But, read that Siebel quote again!
AI Quarterly Revenue Chart |
