Fundamental Analysis: nCino
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On this Sunday’s Fundamental Analysis show we discussed nCino. Here is a screenshot summary of the show:
What is nCino? It provides a cloud-based bank operating system to streamline all employee and customer interactions.
When were they founded? In 2011 by Chip Mahan and Neil Underwood.
Valuation: TTM EV/sales of 39 and EV/GP of 70 (they are unprofitable)
Latest Earnings:$93.5 million in sales up 51% YoY
Our Future Growth Opportunities: AI for compliance and signing Barclays in October.
Are we more interested in this stock after the episode? We both thought this was a solid, stable business trading at a crazy valuation.