Added to YB: 2025-11-21
Pitch date: 2025-11-19
NBIS [bullish]
Nebius Group N.V.
-11.81%
current return
Author Info
HatedMoats identifies hated moats. I buy companies when the market panics. Contrarian investor focused on quality, value & long-term growth. Sign up for the newsletter.
Company Info
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.
Market Cap
$23.6B
Pitch Price
$99.43
Price Target
200.00 (+128%)
Dividend
N/A
EV/EBITDA
-78.80
P/E
190.05
EV/Sales
64.25
Sector
Software
Category
growth
Nebius: Deep Dive Analysis
NBIS: AI infrastructure co w/ 355% YoY Q3 growth, $22.4B contracted backlog (Microsoft $17.4B, Meta $3B deals). Trading ~$90 vs $130-140 intrinsic value after 30% drop from highs. Guiding $7-9B ARR by 2026 from ~$550M today. Strong moat via scarce power/GPU capacity, high switching costs. Risks: execution, customer concentration, capex intensity ($5B+ annually). 70% probability of outperforming S&P over 5 years.
Read full article (27 min)