Professional
Added to YB: 2025-04-14
Pitch date: 2025-04-08
CBZ [bullish]
CBIZ, Inc.
-23.44%
current return
Author Info
No bio for this author
Company Info
CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments.
Market Cap
$4.0B
Pitch Price
$69.87
Price Target
114.00 (+113%)
Dividend
N/A
EV/EBITDA
26.29
P/E
97.59
EV/Sales
3.22
Sector
Professional Services
Category
value
Headwaters Capital New Position: CBIZ, Inc.
CBZ (new position): Added to portfolio, reallocating from BRO. Essential accounting/tax services, high retention, pricing power. Strong FCF for M&A. Attractive valuation at 2019 levels due to soft earnings & market weakness. $114 PT on 2027 est, 72% upside, 22% IRR. Similar to BRO 4 years ago with more growth potential.
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