2024-06-20 10:55:43 ET
Summary
- Despite its debt-free status, Paycom's growth prospects have slowed, facing challenges in achieving higher growth rates.
- At approximately 11x forward EBITDA, Paycom's valuation appears fair.
- I remain neutral on Paycom's stock.
Investment Thesis
Paycom ( PAYC ) simplifies HR tasks by providing tools for automation. However, recently, its growth prospects appear to have slowed down. So, although the stock looks cheap, at approximately 11x forward EBITDA, I believe that this stock is already fairly priced....
Read the full article on Seeking Alpha
For further details see:
Paycom Faces Growth Hurdles