AVIDXCHANGE HOLDINGS INC (AVDX)
US05368X1028 - Common Stock
Overall AVDX gets a fundamental rating of 4 out of 10. We evaluated AVDX against 103 industry peers in the Financial Services industry. The financial health of AVDX is average, but there are quite some concerns on its profitability. AVDX is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
AVDX had positive earnings in the past year.
In the past year AVDX had a positive cash flow from operations.
AVDX had negative earnings in each of the past 5 years.
AVDX had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.62%, AVDX is doing worse than 75.73% of the companies in the same industry.
AVDX has a Return On Equity of -1.92%. This is in the lower half of the industry: AVDX underperforms 76.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -1.92% | ||
| ROIC | N/A |
ROA(3y)-5.46%
ROA(5y)-11.61%
ROE(3y)-17.88%
ROE(5y)-28.05%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AVDX has a Gross Margin of 70.40%. This is amongst the best in the industry. AVDX outperforms 80.58% of its industry peers.
AVDX's Gross Margin has improved in the last couple of years.
AVDX does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 70.4% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.42%
GM growth 5YN/A
2. Health
2.1 Basic Checks
AVDX does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AVDX has more shares outstanding
Compared to 1 year ago, AVDX has an improved debt to assets ratio.
2.2 Solvency
AVDX has an Altman-Z score of 0.40. This is a bad value and indicates that AVDX is not financially healthy and even has some risk of bankruptcy.
AVDX has a Altman-Z score (0.40) which is comparable to the rest of the industry.
AVDX has a debt to FCF ratio of 5.58. This is a neutral value as AVDX would need 5.58 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.58, AVDX is doing good in the industry, outperforming 61.16% of the companies in the same industry.
AVDX has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AVDX (0.19) is better than 75.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 5.58 | ||
| Altman-Z | 0.4 |
ROIC/WACCN/A
WACC8.17%
2.3 Liquidity
A Current Ratio of 1.36 indicates that AVDX should not have too much problems paying its short term obligations.
The Current ratio of AVDX (1.36) is better than 65.05% of its industry peers.
A Quick Ratio of 1.36 indicates that AVDX should not have too much problems paying its short term obligations.
AVDX has a Quick ratio of 1.36. This is in the better half of the industry: AVDX outperforms 66.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
AVDX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 251.26%, which is quite impressive.
The Revenue has grown by 19.31% in the past year. This is quite good.
Measured over the past years, AVDX shows a very strong growth in Revenue. The Revenue has been growing by 26.99% on average per year.
EPS 1Y (TTM)251.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2600%
Revenue 1Y (TTM)19.31%
Revenue growth 3Y26.99%
Revenue growth 5YN/A
Sales Q2Q%15.33%
3.2 Future
AVDX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 69.23% yearly.
The Revenue is expected to grow by 16.43% on average over the next years. This is quite good.
EPS Next Y313.85%
EPS Next 2Y136.15%
EPS Next 3Y91.67%
EPS Next 5Y69.23%
Revenue Next Year16.53%
Revenue Next 2Y14.03%
Revenue Next 3Y14.28%
Revenue Next 5Y16.43%
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 42.17, the valuation of AVDX can be described as expensive.
Based on the Price/Earnings ratio, AVDX is valued a bit more expensive than the industry average as 65.05% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of AVDX to the average of the S&P500 Index (30.45), we can say AVDX is valued slightly more expensively.
With a Price/Forward Earnings ratio of 22.31, AVDX is valued on the expensive side.
Based on the Price/Forward Earnings ratio, AVDX is valued a bit more expensive than the industry average as 66.02% of the companies are valued more cheaply.
AVDX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.17 | ||
| Fwd PE | 22.31 |
4.2 Price Multiples
63.11% of the companies in the same industry are cheaper than AVDX, based on the Enterprise Value to EBITDA ratio.
62.14% of the companies in the same industry are cheaper than AVDX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 63.62 | ||
| EV/EBITDA | 62.6 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AVDX's earnings are expected to grow with 91.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y136.15%
EPS Next 3Y91.67%
5. Dividend
5.1 Amount
AVDX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
AVIDXCHANGE HOLDINGS INC
NASDAQ:AVDX (9/18/2024, 8:00:00 PM)
After market: 7.59 0 (0%)7.59
+0.15 (+2.02%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.58B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.17 | ||
| Fwd PE | 22.31 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -1.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 70.4% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)251.26%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y313.85%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.31%
Revenue growth 3Y26.99%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y