Added to YB: 2024-03-05
Pitch date: 2024-03-03
PL [bullish]
Planet Labs PBC
+707.08%
current return
Author Info
No bio for this author
Company Info
Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform the United States and internationally.
Market Cap
$2.0B
Pitch Price
$2.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
-45.76
P/E
-18.67
EV/Sales
7.35
Sector
Professional Services
Category
value
My Thesis in Planet Labs, Explained Simply
PL -80% since SPAC IPO, $300M mkt cap w/ $320M net cash. Slower rev growth but better products, more customers, 64% gross profit CAGR last 3yrs. 100%+ net $ retention, careful approach to value extraction. SuperDove sats provide valuable data w/ good reinvestment opps. Focus on daily global scans vs hi-res of MAXR & BKSY. Sales adjustments ongoing. <3x gross profit w/ big upside potential from strong biz model & revolutionary sat data mkt.
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