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META - Global-e Online: An Underappreciated Cash Flow Positive Hyper-Growth Story
Meta Platforms Inc
Global-e is in hypergrowth mode, with 80% revenue growth in 2021, guidance to nearly 60% in 2022, and consensus estimates for 45% and 50% growth in 2023 and 2024, respectively.
The company delivered positive free cash flow in 2019, 2020, and 2021, and the consensus estimate is for that to continue.
The cross-border e-commerce software solution realm appears to be a winner-take-all industry, and recent industry moves signal that Global-e may be that winner.