ServiceNow Stock Down 60% to $104 Trades at 4.4% FCF Yield
ServiceNow shares have fallen 60% from January 2025's $239.62 peak to about $104. The stock now yields ~4.4% free cash flow and trades at a forward P/E of 20.7x, backed by a net cash balance sheet with minimal debt.
1. Stock Price Decline
ServiceNow shares peaked at $239.62 in January 2025 before sliding roughly 60% to trade near $104, marking the largest downturn in the company’s trading history.
2. Valuation Metrics
The stock now offers a free cash flow yield of approximately 4.4% and a forward price-to-earnings ratio of about 20.7x, levels that imply a more value-oriented entry point compared to recent highs.
3. Balance Sheet Strength
ServiceNow maintains a net cash position on its balance sheet, with total debt limited to a single 1.4% fixed-rate note due September 2030, underscoring financial flexibility.
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Sources
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