Publicação
From subscription revenue to intrinsic value: a company valuation of Okta Inc.
| Resumo: | Okta, the largest independent identity-and-access-management platform, has seen its market value swing sharply amid rising interest rates and volatile software multiples. This work project derives Okta’s intrinsic equity value through an integrated operating model that feeds a discounted-cash flow model, peer trading multiples and precedent identity-software transactions, all rooted in detailed forecasts of revenue mix, margin expansion and capital intensity. Scenario-weighted DCF indicates US $124.60 per share; a growth-adjusted revenue multiple corroborates at US $114.02, yielding a blended estimate of US $120.37, which is about 8% above May 1, 2025 stock closing price. |
|---|---|
| Autores principais: | Fixemer, Leon |
| Assunto: | Okta Inc. Cybersecurity SaaS Company valuation DCF |
| Ano: | 2025 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| _version_ | 1868982835449167872 |
|---|---|
| author | Fixemer, Leon |
| author_facet | Fixemer, Leon |
| author_role | author |
| contributor_name_str_mv | Miguel, António Freitas RUN |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Fixemer, Leon\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Miguel, António Freitas RUN |
| datacite.creators.creator.creatorName.fl_str_mv | Fixemer, Leon |
| datacite.date.Accepted.fl_str_mv | 2025-06-18T00:00:00Z |
| datacite.date.available.fl_str_mv | 2025-09-01T14:51:26Z |
| datacite.date.embargoed.fl_str_mv | 2025-09-01T14:51:26Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Okta Inc. Cybersecurity SaaS Company valuation DCF |
| datacite.titles.title.fl_str_mv | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| dc.contributor.none.fl_str_mv | Miguel, António Freitas RUN |
| dc.creator.none.fl_str_mv | Fixemer, Leon |
| dc.date.Accepted.fl_str_mv | 2025-06-18T00:00:00Z |
| dc.date.available.fl_str_mv | 2025-09-01T14:51:26Z |
| dc.date.embargoed.fl_str_mv | 2025-09-01T14:51:26Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10362/187301 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Okta Inc. Cybersecurity SaaS Company valuation DCF |
| dc.title.fl_str_mv | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| description | Okta, the largest independent identity-and-access-management platform, has seen its market value swing sharply amid rising interest rates and volatile software multiples. This work project derives Okta’s intrinsic equity value through an integrated operating model that feeds a discounted-cash flow model, peer trading multiples and precedent identity-software transactions, all rooted in detailed forecasts of revenue mix, margin expansion and capital intensity. Scenario-weighted DCF indicates US $124.60 per share; a growth-adjusted revenue multiple corroborates at US $114.02, yielding a blended estimate of US $120.37, which is about 8% above May 1, 2025 stock closing price. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://run.unl.pt/bitstreams/607f3728-5bbb-4ca7-a11e-cfec6ad8d398/download |
| id | run_5903cd0b580d925e2cb8a29ffca007bd |
| identifier.url.fl_str_mv | http://hdl.handle.net/10362/187301 |
| inst_facet_str | urn:organizationAcronym:unl{{{_:::_}}}Universidade Nova de Lisboa |
| instacron_str | unl |
| institution | Universidade Nova de Lisboa |
| instname_str | Universidade Nova de Lisboa |
| language | eng |
| network_acronym_str | run |
| network_name_str | Repositório Institucional da UNL |
| oai_identifier_str | oai:run.unl.pt:10362/187301 |
| organization_str_mv | urn:organizationAcronym:unl |
| person_str_mv | Fixemer, Leon |
| publishDate | 2025 |
| repo_facet_str | urn:repositoryAcronym:run{{{_:::_}}}Repositório Institucional da UNL |
| reponame_str | Repositório Institucional da UNL |
| repository_id_str | urn:repositoryAcronym:run |
| service_str_mv | urn:repositoryAcronym:run |
| spelling | engpt_PTOkta, the largest independent identity-and-access-management platform, has seen its market value swing sharply amid rising interest rates and volatile software multiples. This work project derives Okta’s intrinsic equity value through an integrated operating model that feeds a discounted-cash flow model, peer trading multiples and precedent identity-software transactions, all rooted in detailed forecasts of revenue mix, margin expansion and capital intensity. Scenario-weighted DCF indicates US $124.60 per share; a growth-adjusted revenue multiple corroborates at US $114.02, yielding a blended estimate of US $120.37, which is about 8% above May 1, 2025 stock closing price.application/pdfpt_PTFrom subscription revenue to intrinsic value: a company valuation of Okta Inc.Fixemer, LeonMiguel, António FreitasHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2039915672025-09-01T14:51:26Z2025-06-182025-06-182025-06-18T00:00:00ZHandlehttp://hdl.handle.net/10362/187301http://purl.org/coar/access_right/c_abf2open accessOkta Inc.CybersecuritySaaSCompany valuationDCF1961063 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://run.unl.pt/bitstreams/607f3728-5bbb-4ca7-a11e-cfec6ad8d398/download |
| spellingShingle | From subscription revenue to intrinsic value: a company valuation of Okta Inc. Fixemer, Leon Okta Inc. Cybersecurity SaaS Company valuation DCF |
| status | SINGLETON |
| subject.fl_str_mv | Okta Inc. Cybersecurity SaaS Company valuation DCF |
| title | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| title_full | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| title_fullStr | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| title_full_unstemmed | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| title_short | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| title_sort | From subscription revenue to intrinsic value: a company valuation of Okta Inc. |
| topic | Okta Inc. Cybersecurity SaaS Company valuation DCF |
| topic_facet | Okta Inc. Cybersecurity SaaS Company valuation DCF |
| url | http://hdl.handle.net/10362/187301 |
| visible | 1 |