2024-05-04 10:23:54 ET
Summary
- BILL Holdings stock has been surging in 2021 but is currently overvalued despite trading more than five times lower than its all-time high.
- The company's performance before Autumn 2023 was exceptional, but revenue growth decelerated substantially after a big rival joined the compeition.
- My intrinsic value calculation suggests that competition threats are not priced into the share price yet.
My thesis
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For further details see:
BILL Holdings: Competition With Intuit And Overvaluation Make It A Sell