Sometimes, a discounted stock can present a valuable opportunity. The market has discounted a fair number of stocks over the last few years, and some for good reason. At the same time, share price alone tells you relatively little other than what the broader market seems to think the stock is worth at that given moment in time. A stock can easily be overvalued or undervalued, and it's important to understand the drivers behind the stock's performance before you decide whether it's a good fit for your portfo ...

BILL Holdings (BILL) shares have outperformed the Zacks Computer & Technology sector and its Zacks Internet - Software industry peer Intuit (INTU) in the past month. While BILL has moved up 5.7%, Intuit has risen 0.3%. The broader sector has dropped 0.8% over the same timeframe. BILL's robust price performance has been driven by its impressive fiscal fourth-quarter 2024 results. It registered 16% year-over-year growth in revenues. Core revenues, which included subscription and transaction fees, also rose 16 ...

Bill.com has an enormous addressable market, and its stock looks like a great value right now. Enterprise software was one of the hottest segments of the technology sector in 2021. Capital was cheap thanks to record-low interest rates, and software companies were spending it on marketing and product development to generate surging revenue growth, even if it meant they lost money at the bottom line. But the era of cheap money is over, and most software companies now prioritize profitability. They are slashin ...

i Michael Vi It's often quite fascinating to see how quickly former market darlings can lose their status and become deep value plays, as is the base with BILL Holdings (NYSE:BILL). At its pandemic-era heights, Bill.com commanded revenue multiples north of 20x as its share price soared above $300. Today, however, small business churn and decelerating growth have eroded confidence in this name, which is one of the worst performers in the software sector with nearly a 40% year-to-date decline. The company fel ...

Jennifer Miranda Investment action I recommended a hold rating for Bill.com (NYSE:BILL) when I wrote about it in May, as I was not convinced that the business is turning around, despite the very early positive signs. Based on my current outlook and analysis, I recommend a hold rating. My key update to my thesis is that BILL's near-term outlook (both revenue and adj EBITDA margin) remains poor and uncertain. Until BILL shows evidence that its investments are working, with tangible improvement in various key ...

中小企业解决方案 - 截至2024年6月30日，约有47.4万家企业使用公司的解决方案，在2024财年处理了2,920亿美元的总支付量(TPV)[27] - 公司的平台自动化了中小企业的后台工作,为使用公司解决方案的企业提供了支付供应商和收取客户款项的功能[28] - 公司的平台集成了会计软件、银行、发卡机构和支付处理商,为使用公司解决方案的企业提供了一个端到端的平台[28] - 公司的平台提供了支付自动化、数字化和安全、可见性和透明度等功能,帮助中小企业提高财务运营效率[28] - 公司的平台针对中小企业提供了核心功能和增值服务,并通过直接和间接渠道进行高效的市场推广[29] 网络成员和支付处理 - 截至2024年6月30日,约有710万网络成员通过公司的平台进行了电子支付或收款[27] - 通过AI驱动的平台,企业可以轻松连接现有网络成员,实现电子支付和收款,无需与每个交易伙伴单独共享银行账户信息[47] - 公司网络成员数量已达710万,包括公司客户及其供应商和客户,通过平台进行电子支付和收款[48] - 公司拥有支付引擎和风险引擎,可以全面管理支付流程和风险,2024财年欺诈和信用损失率低于0.01%[53] 数据和技术优势 - 公司拥有大量的交易数据资产,利用机器学习技术从中获取洞察,推动产品创新[29] - 公司拥有丰富的风险管理专业知识,通过自有的风险引擎管理风险敞口[29] - 公司在2023年秋季推出了集成平台,整合了支付和费用管理功能,为使用公司解决方案的企业提供更好的可见性和控制力[31] - 公司采取多项安全措施,包括数据治理、持续漏洞测试、SOC1/SOC2认证等,确保客户数据安全[54,55,56,57,58] 市场拓展和客户支持 - 公司通过直销和渠道合作等方式拓展市场,并提供客户成功支持,深入了解客户需求[64,65,66,68] 监管合规 - 公司需要遵守多项支付、银行、反洗钱、数据保护等监管要求,并积极应对监管环境的变化[70,71,72,73,74,75,76,77,78,79,80,81,82,83] 财务表现 - 公司2024、2023和2022财年的收入分别为13亿美元、11亿美元和6.42亿美元[112] - 公司2024、2023和2022财年的总支付量分别为2,924亿美元、2,660亿美元和2,281亿美元[112] - 公司预计未来收入增长率将有所下降,受多方面因素影响,包括业务规模不断扩大[112] - 公司收入增长取决于多个因素,如定价策略、产品功能拓展、客户留存率、支付量维护、利息收入等[112] 风险因素 - 公司存在历史亏损记录，未来能否实现持续盈利存在不确定性[110] - 公司近期业务增长迅速,包括支付交易量的增长,但未来增长趋势存在不确定性[111] - 公司收入主要来自中小企业客户,这些客户在经济下行时可能面临更多财务压力[108] - 如果公司无法吸引新客户或将试用客户转化为付费客户,或营销推广活动不成功,将对收入增长和经营业绩产生不利影响[108] - 如果公司无法留住现有客户、提高客户对产品的采用率、向客户销售更多服务或开发推出新的支付产品,将对业务增长产生不利影响[108] - 公司的BILL Divvy公司卡业务使其面临客户信用风险和其他相关风险[108] - 公司的风险管理措施可能无法有效防范客户、订阅用户或第三方的欺诈活动,可能导致重大财务损失和责任[108] - 公司所在市场竞争激烈,如果公司无法有效应对竞争,将对经营业绩产生不利影响[108] - 公司每日转移大量客户资金,面临多方面风险,可能导致财务损失、声誉受损或品牌信任度下降[108] - 公司业务部分依赖于与会计事务所的关系[108] 资金管理和融资 - 公司将继续投入大量资源用于销售、营销、技术基础设施、产品研发、收购整合等方面[113][114] - 公司需持续吸引新客户并提高现有客户的使用率和付费意愿,否则收入增长将受限[124][125][126][129][130][131] - 公司的信用卡业务面临客户违约风险,需要有效管理[132][133] - 公司承担BILL Divvy Corporate Card产品的信用风险,面临客户违约的风险[134] - 公司的其他产品如即时转账和发票融资也面临信用风险[136] - 公司需要维持多种融资安排以支持其支出和费用管理业务,如果现有融资安排无法续期或替换,或现有融资方无法以可接受的条款提供资金,将对公司业务产生不利影响[167][168][169][170][171][172] 合作关系 - 公司业务依赖于与会计事务所的关系,与8000多家会计事务所合作占据了公司收入的重要部分[158] - 公司业务依赖于与金融机构的合作关系,与金融机构合作存在一定风险[159][160][161][162] - 公司的支出和费用管理产品依赖于与Cross River Bank和WEX Bank的关系[163][164][165][166] 人才管理 - 如果公司失去创始人或关键管理团队成员,或无法吸引和留住支持公司运营和增长所需的高管和员工,将会对业务造成损害[184] - 公司的成功和未来增长依赖于管理团队和其他

BILL Holdings (BILL) reported earnings of 57 cents per share in fourth-quarter fiscal 2024, beating the Zacks Consensus Estimate by 23.91% and increasing 18.8% year over year. Revenues of $343.7 million increased 16.1% on a year-over-year basis and surpassed the consensus mark by 4.92%. The top line was driven by 16.1% year-over-year growth in BILL's core revenues. BILL processed $75.9 billion in total payment volume (TPV) in the reported quarter, up 9.7% year over year. This included $70.8 billion of TPV o ...

BILL Holdings, Inc. BILL reported a narrower-than-expected loss for its fourth quarter after the closing bell Thursday. Bill Holdings reported quarterly losses of 3 cents per share which beat the analyst consensus estimate of losses of 20 cents by 85%. Quarterly revenue came in at $343.665 million, which beat the analyst estimate by 5.47% and represents growth of 16.11% year-over-year. "Fiscal 2024 was an important year for BILL as we fortified our position as the essential financial operations platform for ...

BILL Holdings (NYSE:BILL) just reported results for the fourth quarter of 2024. BILL Holdings reported earnings per share of 57 cents. This was above the analyst estimate for EPS of 46 cents. The company reported revenue of $343.67 million. This was 5.49% better than the analyst estimate for revenue of $325.78 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings pe ...

财务数据和关键指标变化 - 2024财年总收入为13亿美元,同比增长22%,核心收入首次超过10亿美元 [12] - 非GAAP营业利润近2亿美元,同比增长68%,不包括浮存资金收益也实现盈利 [13] - 2024财年服务近50万家企业,支付交易量近3000亿美元,交易笔数超过1亿 [14] - 网络成员增加到710万,同比增长21% [15] 各条业务线数据和关键指标变化 - BILL单独业务收入为1.61亿美元,同比增长8% [48] - BILL单独订阅收入(不含金融机构渠道)增长7% [49] - BILL单独交易收入增长14% [49] - BILL Spend and Expense业务收入为1.26亿美元,同比增长26% [53] - 使用BILL AP和Spend and Expense的客户数增加近60%至11,500家 [54] 各个市场数据和关键指标变化 - 即时转账交易占BILL单独TPV的1%,虚拟卡交易占2.9%,跨境支付占4.5% [50] - 外币支付占跨境支付交易量的34% [50] - BILL单独客户的净收入保持率为92%,不含大型金融机构合作影响则为96% [52] 公司战略和发展方向及行业竞争 - 公司推出了集成的财务运营平台,整合了AP和Spend and Expense解决方案,并增加了数据分析功能 [16][17] - 公司不断创新,为中小企业提供快速、安全的支付体验和资本获取 [18][19][20] - 公司通过会计师渠道和金融机构渠道拓展生态系统,为中小企业提供差异化价值 [23][28][29] - 公司计划在2025财年进一步投资,加强现有解决方案、供应商体验、会计师关系和生态系统拓展 [35][36] 管理层对经营环境和未来前景的评论 - 公司在经济不确定环境下表现出敏捷性和适应性,并奠定了未来增长的基础 [11] - 公司看好中小企业市场的巨大机会,有信心成为该领域的领导者 [34] - 公司有信心在2026财年实现20%以上的核心收入增长 [61][64] 其他重要信息 - 公司宣布启动3亿美元的股票回购计划,反映出管理层对公司战略和投资机会的信心 [39] - 公司将从2025财年开始调整关键指标的呈现方式,以更好地反映整合平台的发展 [9] 问答环节重要的提问和回答 问题1 **William Nance 提问** 询问金融机构渠道合同续约的影响 [75][76] **John Rettig 回答** 合同续约后,相关RPO金额保持稳定,将在4年内确认收入 [76] 问题2 **Tien-Tsin Huang 提问** 询问45百万美元投资的预期回报和推动因素 [83][84][85] **Rene Lacerte 回答** 投资是为了增强现有解决方案、供应商体验、会计师关系和生态系统拓展,以扩大市场份额和领先优势 [85][87][88][89][90][91][92][93] 问题3 **Ken Wong 提问** 询问金融机构渠道合同续约对RPO的影响 [143][144] **John Rettig 回答** 续约后RPO金额保持稳定,只是确认收入的时间从1年延长到4年 [144]