Klaviyo shares have fallen about 50.2% over the past year, yet a Discounted Cash Flow analysis and market multiples both indicate the stock is trading at a discount. The DCF model, based on last twelve month free cash flow of approximately $208.6 million and assuming continued growth, estimates an intrinsic value of about $33.63 per share, implying a roughly 49.7% discount to the current market price. On a price-to-sales basis, Klaviyo trades at about 3.9 times, below a tailored fair P/S ratio of around 5.8 times, suggesting the market is assigning a discount despite the company's scale in customer data and marketing automation. The launch of AI agents like Composer and Customer Agent is factored into the projected cash flows, but any disappointment in adoption or profitability could weigh on investor sentiment. Overall, the valuation signals lean toward undervaluation, though broader checks present a mixed picture rather than a clear bargain.
Klaviyo, Inc.DCF and multiples analysis suggests stock is undervalued by ~50%