NOW · Research
ServiceNow Compounds at 23% but the Stock Already Banks the Next Five Years
ServiceNow (NOW) earns a "Watch" rating and an institutional Quality Score of 82/100 (Grade A). On $10.98B in baseline revenue (23.1% growth, 79.2% gross margin, 31.1% FCF margin), our 5-year DCF yields an Enterprise Value of $106.27B ($102.71/share vs. $147.06 market price).
ServiceNow (NOW) earns a "Watch" rating and an institutional Quality Score of 82/100 (Grade A). On $10.98B in baseline revenue (23.1% growth, 79.2% gross margin, 31.1% FCF margin), our 5-year DCF yields an Enterprise Value of $106.27B ($102.71/share vs. $147.06 market price).
On the R&D Return Benchmark, NOW ranks #58 of 166 (Compounders · Grade BBB, 0.63× return).
Key rating factors
- TTM revenue
- $10.98B
- R&D % of spend
- 22.3%
- Rule of 40
- 54.2%
- R&D return
- 0.63x