A simple tool built for anyone trying to make sense of NOW.
Set your assumptions, and see the implied value under a simplified Discounted Cash Flow (DCF) valuation.
Base case: ~21% near-term growth (in line with the latest reported full year) fading to a 3% long-run rate, a steady ~33% FCF margin, a 9% discount rate and 2.5% perpetuity growth; a middle-of-the-road path roughly consistent with recent results.
60% of the implied value sits beyond year 10, in the terminal (perpetuity) assumption, which is why the WACC and perpetuity sliders move the answer more than year-1 growth.
$166B enterprise value + $7.9B net cash = $174B equity ÷ 1.03B shares = $169/share.
Today: – · ~1.03B shares. A simplified 10-year DCF: growth fades to your terminal rate, FCF margin is held flat at your assumption, cash flows are discounted at your WACC, and a Gordon-growth perpetuity captures value beyond year 10. The discount rate is the annual return an investor requires. Educational, not a forecast or a recommendation.
The most recent ServiceNow headlines.
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A quick primer on the daily wiggle.
A great quarter can still drop the stock if it beat by less than the market hoped. Price reacts to the gap between reality and what was already assumed.
Interest rates, AI sentiment, and the broader software trade lift or sink most names at once. When money gets pricier, fast-growing stocks usually de-rate the most.
New stories re-rate the multiple: an AI product ramp, a big acquisition, a guidance change. The same earnings can be worth more, or less, as the story shifts.