I remember when this company had a Super Bowl commercial. I remember its IPO. I am also familiar with its platform, which I still use to this day and was surprised to see how far its fallen.
Can it ever make a come back?
A few things stand out to me:
The company has cleared its debt, a significant move that shifts its financial landscape from leveraged to liquidity-rich. With its balance sheet now boasting only cash, earning steady interest from 5% treasuries and CDs. Furthermore, the company still has an active $41 million stock buyback program that has not used. What are they waiting for?
Financially, Expensify projects a free cash flow (FCF) of $10-12 million this year. When you consider the current market price, the stock is trading at roughly 10 times its FCF, significantly lower than the industry standard for tech companies, which often hovers around 30 times FCF.
Decisions, decisions!
Always do your own research. Some of my trades are great, others are bad! This one has my attention.
Can it ever make a come back?
A few things stand out to me:
The company has cleared its debt, a significant move that shifts its financial landscape from leveraged to liquidity-rich. With its balance sheet now boasting only cash, earning steady interest from 5% treasuries and CDs. Furthermore, the company still has an active $41 million stock buyback program that has not used. What are they waiting for?
Financially, Expensify projects a free cash flow (FCF) of $10-12 million this year. When you consider the current market price, the stock is trading at roughly 10 times its FCF, significantly lower than the industry standard for tech companies, which often hovers around 30 times FCF.
Decisions, decisions!
Always do your own research. Some of my trades are great, others are bad! This one has my attention.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。