SAPGF - Workday: Hiding In Plain Sight
Source: Property Portal Watch
Workday (WDAY) has been abandoned due to fear of growing competition, execution worries, and the COVID-19 induced market volatility. Workday's revamped strategy is unique, and it has laid the foundation to outperform its peers. The combination of its cloud-focused capabilities in HCM, extending into and beyond the financial management space will evolve to stun competitors. When we throw in its subdued valuation compared to its peers, the potential for revenue growth acceleration and margin expansion on a strong FCF margin, investors will find that Workday is undervalued.
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