May. 7 at 2:45 PM
$FLYW Here you go Anon - comp table with FLYW v's
$AVDX AvidXchange that got bought today (mercy killing?).
Would point out the following:
Same balance sheet profile - 15% net cash to mkt cap
Avid (3% shy of
$10 cash bid) trades at 67% premium on ev/gross profit, almost 2x the ev/ebitda for 2026, and 2.35x the PE multiple for 2026. Revenue growth at FLYW in 2025 worst year at 10-14% organic guided v's 4% at AVDX, and 15% in 2026 v's 10% for AVDX. I think FLYW does 20-25% organic in '26) so the above numbers seem conservative to me but time will tell.
Not saying FLYW is going to sell itself any time soon, but clearly the valuation skew is up if there's a wave of consolidation within this space as I agree it's likely as things stand.