Added to YB: 2024-11-20
Pitch date: 2024-11-20
NBIS [bullish]
Nebius Group N.V.
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
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally.
Market Cap
$76.1B
Pitch Price
N/A
Price Target
30.00
Dividend
N/A
EV/EBITDA
175.09
P/E
1.7K
EV/Sales
57.76
Sector
Software
Category
special_situation
Quick Pitch #19
NBIS (new position): Speculative short-term long, ~50% upside to ~$30. Former Yandex shell = $2.3B cash + AI infra biz (14k GPUs, ~$180m ARR '24, guiding $500m-$1B '25). Coiled spring as ~90% float turned over ending forced YNDX selling. Catalysts: sell-side coverage post quiet period, Coreweave IPO re-rating. Valuation ~20-25x FCF (~$300m) + Clickhouse/Toloka/TripleTen stakes = $32.50-$37.50. Risks: unclear unit economics, hyperscaler competition, commoditized GPU leasing rates, Coreweave IPO pull.
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