Added to YB: 2024-08-26
Pitch date: 2024-08-26
SMWB [bullish]
Similarweb Ltd.
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Similarweb Ltd. provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.
Market Cap
$784.5M
Pitch Price
N/A
Price Target
14.00
Dividend
N/A
EV/EBITDA
172.70
P/E
-35.44
EV/Sales
2.56
Sector
Software
Category
growth
Quick Pitch #17
SMWB: Israeli digital intelligence platform (Nielsen for digital) at 2.5x 2025 ARR vs SaaS peers 5.3x/SEMR 4.4x. Rev growth inflecting +11/12/13%, guiding +15% Q3; hit adj EBIT profitability, EBIT margin -33% '22 to +8% '24E, targeting 25% margins. LLM data deals (first 8-fig). $14 PT (18mo, ~60% upside, >40% IRR), 3.5x EV/sales; bull $18. Risks: illiquid ($1.2m ADTV), Israel discount, spend slowdown.
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