Added to YB: 2024-06-04
Pitch date: 2024-06-03
GDDY [bullish]
GoDaddy Inc.
-10.48%
current return
Author Info
Sea Capital is a value investor with concentrated investments in high-quality businesses. Sign up for the newsletter.
Company Info
GoDaddy Inc. engages in the design and development of cloud-based products in the United States and internationally.
Market Cap
$17.5B
Pitch Price
$139.41
Price Target
171.00 (+37%)
Dividend
N/A
EV/EBITDA
16.38
P/E
22.37
EV/Sales
4.19
Sector
IT Services
Category
growth
NYSE: GDDY | 90% Recurring Revenue & Retention Rate for An Essential Service
GDDY: Essential digital marketing platform for entrepreneurs. 90% recurring rev, 88% ARR, strong retention. Mgmt targets 33% EBITDA margins, $5B rev by 2026. Trades at 5% EBITDA/EV yield, 95% FCFF/EBITDA. FCFF/share grew 20% since 2020 via buybacks. 25% ROIC, minimal reinvestment. $171 PT for 22% upside.
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