Has Figma (FIG) Fallen Far Enough To Look Reasonable?

Figma has seen its share price fall sharply over the past year, and that slide puts a spotlight on a basic question for anyone looking at the stock today: Do the cash flows that Figma can generate over time stack up to what the current market price is asking you to pay? The stock is down 60.2% over the past year, which puts the focus squarely on whether the recent share price level is now more in line with what its cash flows can support. The business leans on a subscription model, so the...