Professional
Added to YB: 2025-10-23
Pitch date: 2025-10-11
THRY [neutral]
Thryv Holdings, Inc.
-46.8%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. Visit their website.
Company Info
Thryv Holdings, Inc. provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.
Market Cap
$273.2M
Pitch Price
$10.94
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.25
P/E
15.56
EV/Sales
0.69
Sector
Media
Category
value
Laughing Water Capital Portfolio Holding: Thryv Holdings, Inc.
THRY (holding update): SAAS business (25% organic growth, 20% EBITDA margin, rule of 40) masked by declining legacy biz. Trades 6.2x est. FY25 SAAS EBITDA, 1.1x revenue despite cash from legacy runoff = 50%+ of market cap. 4 insiders bought shares, guidance raised. Concerns on customer growth vs upselling.
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