Added to YB: 2025-03-20
Pitch date: 2025-01-31
SPSC [bearish]
SPS Commerce, Inc.
+67.76%
current return
Author Info
No bio for this author
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
$180.39
Price Target
140.00 (+141%)
Dividend
N/A
EV/EBITDA
10.58
P/E
22.63
EV/Sales
2.58
Sector
Software
Category
value
SPS Commerce, Inc. - $SPSC
SPSC short: EDI leader masks slowing growth w/ M&A. Organic growth down to 12-14% from 23% peak. Customer adds -83% YoY. 9 deals since 2020, $750M TEV. Ex-CEO sold $40M stock. FY25 rev est. $760M vs Street $780-790M. Valuation rich at 9x NTM rev. 25% downside to $140 (7x sales) if FY25 disappoints.
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