Published On Apr 10, 2021
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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
purposes only.
Palantir was founded back in 2003 by billionaire Peter Thiel and current CEO Ale Karp, but just went public late last year. They provide software for customers used to integrate volumes of data from images and spreadsheets into a central platform where it can then be securely analyzed and interpreted. It’s main two platforms is foundry and gotham. Both are used to help make better decisions, but in different environments. Foundry in the business world, and gotham in the military world. Not only does the platforms help decision making, it gives the user potential outcomes of said decisions. If you do A, this B is likely to happen. That’s where the value is made. To have AI help you by showing you the best possible outcomes from different decisions. Pretty damn convenient.
Sounds great, but Palantir has been the focus of a lot of controversy for their work with the Dept. of Defense, the CIA, FBI, NSA, and especially ICE. Government contracts has remained a major part of their revenue stream but I do believe the commercial side is the future of the company. Their software is amazing at looking at big data sets and using those analytics to even help track and capture terrorists and drug smugglers. Palantir was said to be used in helping to figure out where Bin Laden was.
Now, it is becoming more commercialized. Chrysler uses it to identify faulty car parts. Insurance agencies are using for risk assessments. And even partnering with Ferrari to analyze performance data. Don’t forget, data is now the worlds most valuable resource. It’s worth more than any other substance.
Speaking of worth, lets look at some revenue numbers from 2020. In their investor presentation, which is crazy impressive by the way, if you have a chance, make sure to check it out. I look at a lot of investor presentations, and this one screams growth, no matter what the share price is doing, it’s deal, after deal, after deal. But in their investor presentation they advised they had an increase in revenue of 47% last year.
21 more deals were signed, all being worth more than 5 million and 12 of those being worth more than 10 million.
The customer revenue numbers were up 107% totaling 44% of their revenue at 482 million.
Government contracts are still the majority of the revenue for Palantir. Last year government contracts were up 77%, totaling 56% of that revenue at 610 million.
Their top 20 customers spent a lot more money this year. From 495 million to 663 million. But what I like more than that is the decrease on the right. They went from their top 20 customers being 67% of their revenue to 61%. Meaning, they are generating revenue outside of that top 20 more and more.
For such a powerful company, look at this untapped growth potential. 8 customers from the Fortune 100, so they have 92% more potential from some major companies.
12 of the global 100, and 24 of the global 300 or around 8%. I see that as a win-win. Some of the biggest companies in the world trust Palantir and there are still a lot of companies out there.
The controversy has 100% affected their share price. Especially with Peter Thiel being a Trump supporter. However, they are unapologetic and don’t really care about the haters. They have a mindset of, we’re coming, either get on board or get out of the way. Palantir is currently trading for 23.90, down half from those $45 highs. But are they a buy at these prices?
Many analyst say that Palantir is overvalued. Sooooo many tech companies have been accused of that over the years, only to prove them wrong later. Just off the market cap and expected revenue through 2025, it is still not a cheap play. This is an expensive stock. You have to be bullish on it’s future and believe it could continue to run up. Like Cathie Wood does. I do with 100% conviction believe that Palantir is going to be the future of data analytics and decision making. That’s what I’m investing into.
#palantir #pltrstock #growthstocks
