External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>AvidXchange operates as a payment processing company disguised as a SAAS business</li><li>Despite benefiting from a rising interest rate environment, its core performance suggests it may not warrant a growth multiple</li><li>The company assists middle-market businesses with Accounts Payable management, but recent insider sales and industry competition raise concerns, prompting a recommendation for a short position in the stock</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

AvidXchange operates as a payment processing company disguised as a SAAS businessDespite benefiting from a rising interest rate environment, its core performance suggests it may not warrant a growth multipleThe company assists middle-market businesses with Accounts Payable management, but recent insider sales and industry competition raise concerns, prompting a recommendation for a short position in the stockThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Avidxchange Holdings Inc (AVDX) - Friday, May 17, 2024

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

<ul>
<li>AvidXchange is one of the leading providers of AP automation software and payment solutions for mid-market businesses and their suppliers. The company was founded in 2000 in the United States. </li>
<li>With a large $20B+ TAM and valuation at ~5x FY23 revenue estimate of $392M – significantly below the average for software and payment peers – we believe shares are undervalued. </li>
<li>Management raised the FY22 revenue outlook and expected a strong FY23. AvidXchange is two years from GAAP profitability, likely making the stock volatile in the coming years.  </li>
</ul>


AvidXchange is one of the leading providers of AP automation software and payment solutions for mid-market businesses and their suppliers. The company was founded in 2000 in the United States. 
With a large $20B+ TAM and valuation at ~5x FY23 revenue estimate of $392M – significantly below the average for software and payment peers – we believe shares are undervalued. 
Management raised the FY22 revenue outlook and expected a strong FY23. AvidXchange is two years from GAAP profitability, likely making the stock volatile in the coming years.  


AvidXchange: How Mid-Market Can Save Money. Attractive Valuation and Low-Risk Entry Point

United States

AvidXchange Holdings, Inc. operates as a software company. The Company develops accounts payable, automation, and payment solutions for middle market businesses. AvidXchange Holdings serves customers worldwide.

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AvidXchange Holdings (AVDX US)

Avidxchange Holdings Inc (AVDX) - Friday, May 17, 2024

Despite benefiting from a rising interest rate environment, its core performance suggests it may not warrant a growth multiple

Value Investors Club

AvidXchange: How Mid-Market Can Save Money. Attractive Valuation and Low-Risk Entry Point

AvidXchange’s EV/Revenue multiple is near a trough for a company in our SaaS universe, and we have a favorable view of the company’s business

Andrei Zakharov

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