Domo, Inc.

DOMO

TechnologySoftware - ApplicationNASDAQ

$3.84

Market Cap: $160.83M

Domo, Inc. (DOMO) Valuation Summary

Updated May 11, 2026 10:06

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.24 – $20.52	$3.16	-17.6%
Revenue DCF 10Y	$0.21 – $23.65	$4.83	+25.7%
▸ Trading Multiples
EV/Revenue	$11.32 – $35.10	$14.77	+284.5%

Valuation History

DCF Analysis

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

REVENUE DCF FAIR VALUE

$4.83

Market Price

$3.84

Upside / Downside

+25.7%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -12.3% to a target of 10.2% over 5 years, discounted at a WACC of 8.1%, Domo, Inc. (DOMO) has an intrinsic value of $4.83 per share (range: $0.21 – $23.65).

Key Assumptions

Current Operating Margin

-12.3%

Target Operating Margin

10.2%

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	0.4%	-7.8%	-25	-25	17	(11)	0	-19	-19
2028	331	3.4%	-3.3%	-11	-11	17	(13)	2	-9	-8
2029	347	4.7%	1.2%	4	3	18	(15)	3	3	2
2030	366	5.4%	5.7%	21	17	19	(18)	4	14	11
2031	386	5.4%	10.2%	39	31	20	(21)	4	26	19
2032	405	5.0%	10.2%	41	33	21	(24)	4	26	17
2033	424	4.6%	10.2%	43	34	22	(27)	4	25	15
2034	442	4.2%	10.2%	45	36	23	(31)	4	25	14
2035	459	3.8%	10.2%	47	37	24	(34)	4	24	12
2036	474	3.4%	10.2%	49	38	25	(38)	3	23	11

Enterprise Value Bridge

Sum of PV(FCFF)74

Terminal Value (Gordon Growth at 3.0%)460

PV of Terminal Value220

Enterprise Value294

(–) Net Debt97

Equity Value198

(÷) Shares Outstanding41

Fair Value per Share$4.83

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
6.1%	$-3	$4	$10	$17	$24
7.1%	$-3	$2	$7	$12	$17
8.1%	$-3	$1	$5	$9	$13
9.1%	$-3	$0	$3	$7	$10
10.1%	$-3	$-0	$2	$5	$8

Current price: $3.84. 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

$3.16

Market Price

$3.84

Upside / Downside

-17.6%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -12.3% to a target of 10.2% over 5 years, discounted at a WACC of 8.1%, Domo, Inc. (DOMO) has an intrinsic value of $3.16 per share (range: $0.24 – $20.52).

Key Assumptions

Current Operating Margin

-12.3%

Target Operating Margin

10.2%

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	0.4%	-7.8%	-25	-25	17	(13)	0	-21	-20
2028	331	3.4%	-3.3%	-11	-11	17	(16)	2	-12	-11
2029	347	4.7%	1.2%	4	3	18	(21)	3	-2	-2
2030	366	5.4%	5.7%	21	17	19	(25)	4	7	5
2031	386	5.4%	10.2%	39	31	20	(31)	4	17	12

Enterprise Value Bridge

Sum of PV(FCFF)-16

Terminal Value (Gordon Growth at 3.0%)343

PV of Terminal Value242

Enterprise Value226

(–) Net Debt97

Equity Value130

(÷) Shares Outstanding41

Fair Value per Share$3.16

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
6.1%	$-4	$2	$8	$14	$21
7.1%	$-4	$0	$5	$10	$14
8.1%	$-4	$-1	$3	$7	$11
9.1%	$-4	$-1	$2	$5	$8
10.1%	$-4	$-1	$1	$4	$6

Current price: $3.84. 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

$14.77

Market Price

$3.84

Upside / Downside

+284.5%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Domo, Inc. (DOMO) has a fair value of $14.77 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	157	0.8x	0.8x
Daily Journal CorporationDJCO	690	7.9x	—
Digital Turbine, Inc.APPS	484	1.8x	1.3x
Weave Communications, Inc.WEAV	481	2.1x	2.5x
Backblaze, Inc.BLZE	449	3.4x	4.3x
Cerence Inc.CRNC	444	2.3x	1.8x
Bumble Inc.BMBL	422	0.9x	1.0x
Sprout Social, Inc.SPT	409	0.8x	0.8x
Blaize Holdings, Inc.BZAI	230	4.8x	77.5x
Industry Median		2.2x	1.8x
(*) Revenue		319	316
= Enterprise Value		716	688
(-) Net Debt		97	97
Equity Value		620	591
(/) Outstanding shares		41	41
Fair Price		$15	$14

Selected Fair Value (avg of trailing + forward)

$14.77

+284.5%

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

$0.24 – $20.52

$3.16

-17.6%

Revenue DCF 10Y

$0.21 – $23.65

$4.83

+25.7%

▸ Trading Multiples

EV/Revenue

$11.32 – $35.10

$14.77

+284.5%

DCF Analysis

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

REVENUE DCF FAIR VALUE

$4.83

Market Price

$3.84

Upside / Downside

+25.7%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-12.3%

Target Operating Margin

10.2%

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	0.4%	-7.8%	-25	-25	17	(11)	0	-19	-19
2028	331	3.4%	-3.3%	-11	-11	17	(13)	2	-9	-8
2029	347	4.7%	1.2%	4	3	18	(15)	3	3	2
2030	366	5.4%	5.7%	21	17	19	(18)	4	14	11
2031	386	5.4%	10.2%	39	31	20	(21)	4	26	19
2032	405	5.0%	10.2%	41	33	21	(24)	4	26	17
2033	424	4.6%	10.2%	43	34	22	(27)	4	25	15
2034	442	4.2%	10.2%	45	36	23	(31)	4	25	14
2035	459	3.8%	10.2%	47	37	24	(34)	4	24	12
2036	474	3.4%	10.2%	49	38	25	(38)	3	23	11

Enterprise Value Bridge

Sum of PV(FCFF)74

Terminal Value (Gordon Growth at 3.0%)460

PV of Terminal Value220

Enterprise Value294

(–) Net Debt97

Equity Value198

(÷) Shares Outstanding41

Fair Value per Share$4.83

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
6.1%	$-3	$4	$10	$17	$24
7.1%	$-3	$2	$7	$12	$17
8.1%	$-3	$1	$5	$9	$13
9.1%	$-3	$0	$3	$7	$10
10.1%	$-3	$-0	$2	$5	$8

Current price: $3.84. 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

$14.77

Market Price

$3.84

Upside / Downside

+284.5%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Domo, Inc. (DOMO) has a fair value of $14.77 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	157	0.8x	0.8x
Daily Journal CorporationDJCO	690	7.9x	—
Digital Turbine, Inc.APPS	484	1.8x	1.3x
Weave Communications, Inc.WEAV	481	2.1x	2.5x
Backblaze, Inc.BLZE	449	3.4x	4.3x
Cerence Inc.CRNC	444	2.3x	1.8x
Bumble Inc.BMBL	422	0.9x	1.0x
Sprout Social, Inc.SPT	409	0.8x	0.8x
Blaize Holdings, Inc.BZAI	230	4.8x	77.5x
Industry Median		2.2x	1.8x
(*) Revenue		319	316
= Enterprise Value		716	688
(-) Net Debt		97	97
Equity Value		620	591
(/) Outstanding shares		41	41
Fair Price		$15	$14

Selected Fair Value (avg of trailing + forward)

$14.77

+284.5%