Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform the United States and internationally. The company’s platform offers planet monitoring, tasking, archive, apps, application programming interfaces (APIs), basemaps, and fusion, as well as analytic feeds and planetary variables. It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions; and Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering relevant data layers, extracting useful information, and delivering insights through custom-build solutions or GIS workflows through APIs and browser-based applications. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies. Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.
Satellite Imaging Leade | Planet Labs emerges as a key player in Earth observation, boasting strong gross profit margins and a cash-rich balance sheet, positioning it for growth in the satellite imaging market |
Strategic Partnerships | Explore Planet Labs' expansion through a $230 million Asia-Pacific deal and renewed NASA contract, showcasing its growing influence in commercial and government sectors |
Competitive Edge | Delve into Planet Labs' unique positioning with its extensive satellite fleet and robust imagery archives, creating a significant moat for AI applications in Earth intelligence |
Future Growth Trajectory | Analyst targets range from $3.70 to $8.00 per share, with expectations of free cash flow break-even within 24 months, driven by AI integration and expanding government contracts |
Metrics to compare | PL | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipPLPeersSector | |
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P/E Ratio | −19.5x | 0.5x | 12.5x | |
PEG Ratio | −0.77 | −0.01 | 0.03 | |
Price/Book | 4.7x | 2.7x | 1.4x | |
Price / LTM Sales | 8.3x | 1.9x | 1.2x | |
Upside (Analyst Target) | 6.1% | 23.7% | 14.4% | |
Fair Value Upside | Unlock | 28.3% | 5.9% | Unlock |