ALIT

Alight Inc. - Ordinary Shares - Class A

SPAC, TMT


Presented:01/28/2022
Price:$9.21
Cap:$4.12B
Current Price:$7.29
Cap:$3.90B

Presented

Date01/28/2022
Price$9.21
Market Cap$4.12B
Ent Value$8.23B
P/E RatioN/A
Book Value$8.62
Div Yield0%
Shares O/S446.80M
Ave Daily Vol2,573,132
Short IntN/A

Current

Price$7.29
Market Cap$3.90B
Alight, Inc. provides cloud-based integrated digital human capital and business solutions. The company is headquartered in Lincolnshire, IL.

Publicly traded companies mentioned herein: Alight Inc (ALIT), Aon PLC (AON), Shell PLC (RDS.A), Blackstone Inc (BX), Automatic Data Processing Inc (ADP), Ceridian HCM Holdings Inc (CDAY)

Highlights

The presenter is long Alight Inc (ALIT), a $4.7B market cap corporate benefits outsourcing company that is currently used by an estimated 70% of the Fortune 100. The company is undergoing a transition to a SaaS + Services business model. He sees this SPAC as a value play with top-line and earnings that are both accelerating meaningfully under the new model. It is largely uncovered by the sell-side and trades at 10x EBITDA despite a $7.5B EV, $620MM in 2021 EBITDA, and margins in the low 20% range. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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