Added to YB: 2026-09-08
Pitch date: 2026-09-05
VERX [bullish]
Vertex, Inc.
Author Info
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Company Info
Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally.
Market Cap
$2.2B
Pitch Price
N/A
Price Target
24.00 (+74%)
Dividend
N/A
EV/EBITDA
102.22
P/E
626.62
EV/Sales
2.99
Sector
Software
Category
value
Into The Wreckage - A Basket of SaaS Winners - Vertex
VERX: Vertex provides the authoritative, audit-critical indirect-tax layer embedded in enterprise systems, with 95% gross retention and 11% revenue and ARR growth. The thesis is margin expansion rather than reacceleration: workforce cuts should generate $60-$70M of annualized savings beginning in 2027, while cloud mix also improves. At $12.80, valuation is ~9.5x 2026 adjusted EBITDA and trends toward 7x in 2027; risks are low-double-digit growth and still-thin free cash flow.
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