Domo, Inc.

DOMO

TechnologySoftware - ApplicationNASDAQ

$3.44

Market Cap: $144.08M

Domo, Inc. (DOMO) Valuation Summary

Updated Apr 16, 2026 22:13

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.19 – $22.87	$3.53	+3.2%
Revenue DCF 10Y	$0.24 – $26.35	$5.38	+57.2%
▸ Trading Multiples
EV/Revenue	$11.00 – $31.62	$12.66	+270.2%

Valuation History

DCF Analysis

Domo, Inc. (DOMO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$5.38

Market Price

$3.44

Upside / Downside

+56.4%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -12.3% to a target of 10.1% over 5 years, discounted at a WACC of 8.1%, Domo, Inc. (DOMO) has an intrinsic value of $5.38 per share (range: $0.24 – $26.35).

Key Assumptions

Current Operating Margin

-12.3%

Target Operating Margin

10.1%

WACC

8.1%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.0%

Target CapEx/Rev

7.9%

D&A/Revenue

5.3%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2027	320	0.5%	-7.8%	-25	-25	17	(11)	0	-20	-19
2028	331	3.4%	-3.3%	-11	-11	17	(13)	2	-9	-8
2029	390	17.9%	1.1%	4	3	21	(17)	12	-6	-5
2030	412	5.4%	5.6%	23	18	22	(20)	4	15	11
2031	434	5.4%	10.1%	44	34	23	(24)	5	29	21
2032	456	5.0%	10.1%	46	36	24	(27)	5	29	19
2033	477	4.6%	10.1%	48	38	25	(31)	4	28	17
2034	497	4.2%	10.1%	50	40	26	(34)	4	27	15
2035	516	3.8%	10.1%	52	41	27	(38)	4	26	13
2036	534	3.4%	10.1%	54	42	28	(42)	4	25	12

Enterprise Value Bridge

Sum of PV(FCFF)76

Terminal Value (Gordon Growth at 3.0%)502

PV of Terminal Value241

Enterprise Value317

(–) Net Debt97

Equity Value220

(÷) Shares Outstanding41

Fair Value per Share$5.38

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.1%	7.1%	10.1%	13.1%	16.1%
6.1%	$-3	$4	$11	$19	$26
7.1%	$-3	$2	$8	$13	$19
8.1%	$-3	$1	$5	$10	$14
9.1%	$-3	$0	$4	$7	$11
10.1%	$-3	$-0	$3	$6	$9

Current price: $3.44. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 20.9% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Domo, Inc. (DOMO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.53

Market Price

$3.44

Upside / Downside

+2.6%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -12.3% to a target of 10.1% over 5 years, discounted at a WACC of 8.1%, Domo, Inc. (DOMO) has an intrinsic value of $3.53 per share (range: $0.19 – $22.87).

Key Assumptions

Current Operating Margin

-12.3%

Target Operating Margin

10.1%

WACC

8.1%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.0%

Target CapEx/Rev

7.9%

D&A/Revenue

5.3%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2027	320	0.5%	-7.8%	-25	-25	17	(13)	0	-21	-20
2028	331	3.4%	-3.3%	-11	-11	17	(16)	2	-12	-11
2029	390	17.9%	1.1%	4	3	21	(23)	12	-11	-9
2030	412	5.4%	5.6%	23	18	22	(28)	4	7	5
2031	434	5.4%	10.1%	44	34	23	(34)	5	18	13

Enterprise Value Bridge

Sum of PV(FCFF)-22

Terminal Value (Gordon Growth at 3.0%)374

PV of Terminal Value264

Enterprise Value241

(–) Net Debt97

Equity Value145

(÷) Shares Outstanding41

Fair Value per Share$3.53

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.1%	7.1%	10.1%	13.1%	16.1%
6.1%	$-4	$2	$9	$16	$23
7.1%	$-4	$0	$5	$11	$16
8.1%	$-4	$-1	$4	$8	$12
9.1%	$-4	$-1	$2	$6	$9
10.1%	$-4	$-2	$1	$4	$7

Current price: $3.44. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 20.9% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$12.66

Market Price

$3.44

Upside / Downside

+268.1%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Domo, Inc. (DOMO) has a fair value of $12.66 based on 8 comparable companies in the Software - Application industry.

EV/Revenue Valuation — Software - Application

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Domo, Inc.DOMO	141	0.7x	0.8x
Daily Journal CorporationDJCO	743	8.5x	—
Bumble Inc.BMBL	475	0.9x	1.0x
Digital Turbine, Inc.APPS	464	1.7x	1.3x
Weave Communications, Inc.WEAV	420	1.9x	2.2x
Cerence Inc.CRNC	383	2.1x	1.6x
Sprout Social, Inc.SPT	339	0.7x	0.7x
Backblaze, Inc.BLZE	240	2.0x	2.5x
Blaize Holdings, Inc.BZAI	212	4.4x	70.3x
Industry Median		1.9x	1.6x
(*) Revenue		319	316
= Enterprise Value		622	610
(-) Net Debt		97	97
Equity Value		525	513
(/) Outstanding shares		41	41
Fair Price		$13	$13

Selected Fair Value (avg of trailing + forward)

$12.66

+268.1%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.19 – $22.87

$3.53

+3.2%

Revenue DCF 10Y

$0.24 – $26.35

$5.38

+57.2%

▸ Trading Multiples

EV/Revenue

$11.00 – $31.62

$12.66

+270.2%

DCF Analysis

Domo, Inc. (DOMO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$5.38

Market Price

$3.44

Upside / Downside

+56.4%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-12.3%

Target Operating Margin

10.1%

WACC

8.1%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.0%

Target CapEx/Rev

7.9%

D&A/Revenue

5.3%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2027	320	0.5%	-7.8%	-25	-25	17	(11)	0	-20	-19
2028	331	3.4%	-3.3%	-11	-11	17	(13)	2	-9	-8
2029	390	17.9%	1.1%	4	3	21	(17)	12	-6	-5
2030	412	5.4%	5.6%	23	18	22	(20)	4	15	11
2031	434	5.4%	10.1%	44	34	23	(24)	5	29	21
2032	456	5.0%	10.1%	46	36	24	(27)	5	29	19
2033	477	4.6%	10.1%	48	38	25	(31)	4	28	17
2034	497	4.2%	10.1%	50	40	26	(34)	4	27	15
2035	516	3.8%	10.1%	52	41	27	(38)	4	26	13
2036	534	3.4%	10.1%	54	42	28	(42)	4	25	12

Enterprise Value Bridge

Sum of PV(FCFF)76

Terminal Value (Gordon Growth at 3.0%)502

PV of Terminal Value241

Enterprise Value317

(–) Net Debt97

Equity Value220

(÷) Shares Outstanding41

Fair Value per Share$5.38

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.1%	7.1%	10.1%	13.1%	16.1%
6.1%	$-3	$4	$11	$19	$26
7.1%	$-3	$2	$8	$13	$19
8.1%	$-3	$1	$5	$10	$14
9.1%	$-3	$0	$4	$7	$11
10.1%	$-3	$-0	$3	$6	$9

Current price: $3.44. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 20.9% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$12.66

Market Price

$3.44

Upside / Downside

+268.1%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Domo, Inc. (DOMO) has a fair value of $12.66 based on 8 comparable companies in the Software - Application industry.

EV/Revenue Valuation — Software - Application

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Domo, Inc.DOMO	141	0.7x	0.8x
Daily Journal CorporationDJCO	743	8.5x	—
Bumble Inc.BMBL	475	0.9x	1.0x
Digital Turbine, Inc.APPS	464	1.7x	1.3x
Weave Communications, Inc.WEAV	420	1.9x	2.2x
Cerence Inc.CRNC	383	2.1x	1.6x
Sprout Social, Inc.SPT	339	0.7x	0.7x
Backblaze, Inc.BLZE	240	2.0x	2.5x
Blaize Holdings, Inc.BZAI	212	4.4x	70.3x
Industry Median		1.9x	1.6x
(*) Revenue		319	316
= Enterprise Value		622	610
(-) Net Debt		97	97
Equity Value		525	513
(/) Outstanding shares		41	41
Fair Price		$13	$13

Selected Fair Value (avg of trailing + forward)

$12.66

+268.1%