Added to YB: 2025-12-19
Pitch date: 2025-12-17
SPSC [neutral]
SPS Commerce, Inc.
-35.42%
current return
Author Info
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Company Info
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations.
Market Cap
$2.1B
Pitch Price
$90.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.58
P/E
22.63
EV/Sales
2.58
Sector
Software
Category
value
SPS Commerce: Compounder on Sale or a fallen Angel?
SPSC (watchlist): High-quality EDI platform fell 60% after Carbon6 deal backfired when Amazon changed rules. 19% 5yr revenue CAGR, 22% EBITDA margin, clean balance sheet. Anson activist pushing sale. Now 12x EBITDA vs 29x historical. Mgmt targets 6-13% growth, 35% margins. Watchlist due to mature tech & capital allocation concerns.
Read full article (6 min)