BILL - BILL Holdings: I'm Buying At YTD Lows (Rating Upgrade)
2024-05-26 07:39:49 ET
Summary
- BILL Holdings' stock price has fallen over 30% this year and is sitting at multi-year lows, presenting a strong buying opportunity.
- While customer growth has slowed, revenue continues to exceed expectations due to larger enterprise spend.
- The company is intentionally cutting marketing spend on smaller clients, which has helped spur tremendous operating income growth.
- BILL stock trades at just ~3x FY25 revenue.
With the markets nervously hovering around all-time highs, it's a great time to be a stock picker and invest in companies whose stock price and individual fundamentals are completely dislocated. BILL Holdings ( BILL ) is a great example of this: the small business billing management software company has seen a sharp decrease in its valuation this year. And while it hasn't exactly been smooth sailing for the business itself, the stock price suggests a company that is floundering: and the reality is anything but....
BILL Holdings: I'm Buying At YTD Lows (Rating Upgrade)