12 Comments
Sep 22, 2020Liked by Jamin Ball

Excellent research - thanks for sharing! I love the application of private market views (something I'm personally also more familiar with) to the public markets. It would be interesting to go deeper into the verticals within SAAS - maybe that's something your analyst can do next quarter :)

Expand full comment
author

No analyst working on this, we have a small team. I pull all the data myself

Expand full comment
Sep 22, 2020Liked by Jamin Ball

Great analysis! Really interesting. Next time, I think you can use our WCLD instead of Nasdaq for a better benchmark of over/underperformance

Expand full comment
author

That's a great idea, will do for next quarter!

Expand full comment
Sep 22, 2020Liked by Jamin Ball

Thanks so much for this excellent research. It is helpful, well written, and presented at a level that even people like me can comprehend and use. Much appreciated!!

Expand full comment
Sep 22, 2020Liked by Jamin Ball

Amazing. Simply amazing! Thank you for sharing.

Expand full comment
Sep 22, 2020Liked by Jamin Ball

This is outstanding - thank you very much Jamin Ball ! Appreciate your efforts hugely

Expand full comment

@jamin ball, great knowledge sharing from you. are you going to do a wrap up of Q4 2020 SAAS earnings as well?

Expand full comment

Jamil, thanks a million. Awesome report. Do you have any recommendation for understanding the AI/ML companies specifically - too many - SNOW, AYX, SPLK and now AI.....so many and cant tell who will win and who will lose

Expand full comment

I cannot remember having seen anything comparable. Great job, very comprehensive and clear. Subscribed! Found you through a Twitter recommendation, so today is one of the (few) days when Twitter represents value.

Expand full comment

Thanks for sharing your research! I can't see Shopify on the chart for Dollar Net Retention, or for Gross Margin Adjusted CAC Payback. You say those are your two favorite metrics. Does that undermine the significance of Shopify being one of "only two companies to perform at Top Decile levels across every metric they report"? I don't mean the question rhetorically or in a critical way, I just want to know how to rate Shopify as well as I can.

Expand full comment

Great work! Another metric you can look at is how consensus expectations for different years are shifting over time. You can get the data easily from the likes of Koyfin. Helps further cement whether companies are likely to be in an upgrade cycle or not.

Expand full comment