BOX - Embedded Expectations Analysis - 2018 05 16
Box, Inc. (BOX:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Assets, with a 6.7x Uniform P/B. At these levels, markets are pricing in expectations for Uniform ROA to inflect positively, and management is confident about competition, the Box Platform, and growthSpecifically, management generated an excitement marker when saying that their neutral and open architecture are key differentiators that allow them to partner strategically with a wide range of channel and technology partners so they can reach more enterprises around the world. Additionally, they are confident that the OneDrive for Business promotional campaign is not significant to the core competitive dynamic they already face in the market, and that the Box Platform is the basis of the overall conversations they are having with their consumers. Also, they are confident that the acceleration in Salesforce hiring and strong pipeline generation will help them achieve their long-term growth rate target
Box provides a cloud content management platform that enables organizations to manage their content. With the company's Software-as-a-Service cloud content management platform, users can collaborate on content internally and with external parties, automate content-driven business processes, develop applications, and implement data protection, security and compliance features to comply with legal and regulatory requirements, internal policies and industry standards and regulations. The company's platform enables a set of business use cases across an enterprise and various file formats and media types. The company also provides offerings that address business needs via technology, services and marketing programs.
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