monday.com: Turning Workflow Into Cash Flow
monday.com(MNDY) Seeking Alpha·2024-06-21 02:13
NicoElNino/iStock via Getty Images Investment Thesis monday.com Ltd. (NASDAQ:MNDY) has a lot going for it. On the surface, the stock is not cheap. I estimate that monday.com is priced at approximately 37x forward free cash flow. However, the business has no debt and more than $1.2 billion of cash and cash equivalents. But crucially, the business is still growing at approximately 30% CAGR not only this year, but probably in 2025, too. Altogether, there's a lot to like here. As such, I believe that in the ...