Added to YB: 2025-03-20
Pitch date: 2025-01-31
SPSC [bearish]
SPS Commerce, Inc.
+67.65%
current return
Author Info
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Company Info
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. The company offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, manufacturers, distributors, and logistics firm; and manages omnichannel, supply chain, and other business requirements.
Market Cap
$2.3B
Pitch Price
$180.39
Price Target
140.00 (+140%)
Dividend
N/A
EV/EBITDA
11.85
P/E
25.17
EV/Sales
2.92
Sector
Software
Category
value
SPS Commerce, Inc. - $SPSC
SPSC short: EDI leader masks slowing growth w/ M&A. Organic growth down to 12-14% from 23% peak. Customer adds -83% YoY. 9 deals since 2020, $750M TEV. Ex-CEO sold $40M stock. FY25 rev est. $760M vs Street $780-790M. Valuation rich at 9x NTM rev. 25% downside to $140 (7x sales) if FY25 disappoints.
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