AVDX Stock Overview
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and suppliers in North America.
AvidXchange Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.65|
|52 Week High||US$27.44|
|52 Week Low||US$16.90|
|1 Month Change||-21.12%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-21.21%|
Recent News & Updates
AvidXchange Holdings - Not Too Compelled
AvidXchange aims to transform payables in the SME market. The company has seen solid growth and has a huge growth runway still ahead. Despite competition, the market potential is large, as I feel that investors have been pricing in too much growth here.
|AVDX||US Software||US Market|
Return vs Industry: Insufficient data to determine how AVDX performed against the US Software industry.
Return vs Market: Insufficient data to determine how AVDX performed against the US Market.
|AVDX Average Weekly Movement||11.4%|
|Software Industry Average Movement||7.9%|
|Market Average Movement||6.3%|
|10% most volatile stocks in US Market||15.1%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: AVDX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: Insufficient data to determine AVDX's volatility change over the past year.
About the Company
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions.
AvidXchange Holdings Fundamentals Summary
|AVDX fundamental statistics|
Is AVDX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AVDX income statement (TTM)|
|Cost of Revenue||US$93.46m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.14|
|Net Profit Margin||-96.41%|
How did AVDX perform over the long term?See historical performance and comparison
Is AvidXchange Holdings undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether AvidXchange Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as AvidXchange Holdings has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is AvidXchange Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVDX is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AVDX is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AVDX is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AVDX's revenue (19.1% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: AVDX's revenue (19.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVDX is forecast to be unprofitable in 3 years.
How has AvidXchange Holdings performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: AVDX is currently unprofitable.
Growing Profit Margin: AVDX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if AVDX's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare AVDX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AVDX is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20.5%).
Return on Equity
High ROE: AVDX has a negative Return on Equity (-57.8%), as it is currently unprofitable.
How is AvidXchange Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: AVDX's short term assets ($1.1B) exceed its short term liabilities ($960.2M).
Long Term Liabilities: AVDX's short term assets ($1.1B) exceed its long term liabilities ($221.3M).
Debt to Equity History and Analysis
Debt Level: AVDX has more cash than its total debt.
Reducing Debt: Insufficient data to determine if AVDX's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AVDX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AVDX has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 1.1% each year.
What is AvidXchange Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AVDX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AVDX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AVDX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AVDX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AVDX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Praeger (56 yo)
Mr. Michael Praeger, also known as Mike, co-founded AvidXchange Holdings, Inc. (formerly known as AvidXchange, Inc.). in 2000 and serves as its Chairman, Chief Executive Officer since April 2000 and Presid...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.40M) is below average for companies of similar size in the US market ($USD5.18M).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
Experienced Management: AVDX's management team is considered experienced (3.7 years average tenure).
Experienced Board: AVDX's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: AVDX only recently listed within the past 12 months.
AvidXchange Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: AvidXchange Holdings, Inc.
- Ticker: AVDX
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Application Software
- Sector: Software
- Market Cap: US$3.856b
- Shares outstanding: 196.21m
- Website: https://www.avidxchange.com
Number of Employees
- AvidXchange Holdings, Inc.
- 1210 AvidXchange Lane
- North Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/09 00:01|
|End of Day Share Price||2021/12/08 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.