FIVN

Five9 Inc

TMT


Presented:11/10/2023
Price:$63.31
Cap:$4.60B
Current Price:$30.41
Cap:$2.27B

Presented

Date11/10/2023
Price$63.31
Market Cap$4.60B
Ent Value$4.75B
P/E RatioN/A
Book Value$6.79
Div Yield0%
Shares O/S72.70M
Ave Daily Vol972,994
Short Int3.89%

Current

Price$30.41
Market Cap$2.27B
Five9, Inc. engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.

Publicly traded companies mentioned herein: Cigna Corporation (CI), CVS Health Corporation (CVS), Five9, Inc. (FIVN), ServiceNow, Inc. (NOW), Wells Fargo & Company (WFC)

Highlights

The presenter is long shares of Five9 (FIVN) and believes it's in a favorable position for growth, despite being in a tougher market for contact center growth. Five9's structural strength, industry leadership, and positive market dynamics along with its currently low valuation makes for an interesting setup. The speaker expects accelerated growth, margin expansion, and positive developments in contracts with larger enterprises (e.g., Cigna, CVS, etc.). The company currently trades ~5x 2024 revenue, which the presenter believes is relatively low for a company with growth accelerating from the mid-teens to 20% in the back half of 2024. As such he sees the stock trading attractively at 5.5x his 2025 gross profit and a high teens earnings multiple, and expects the stock to rerate for ~40% upside. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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