AvidXchange Holdings: Purpose-Built Solution To Target The Mid-Market

Dec. 01, 2022 11:27 AM ETAvidXchange Holdings, Inc. (AVDX)BILL, COUP
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Jay Capital
268 Followers

Summary

  • The industry is large and growing.
  • AVDX has a purpose-built solution that digitizes the entire AP process.
  • AVDX enjoys a strong flywheel effect.

Receivable and payable text on Jigsaw Puzzle. Accounting concept

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Overview

I recommend buying AvidXchange (NASDAQ:AVDX). AVDX specializes in providing AP software and payment solutions targeted at middle-market businesses. COVID-19 has hyped the demand for flexible, cloud-based solutions for organizations. AVDX is undeniably well-positioned in the

Valuation

Author's estimates

This article was written by

Jay Capital profile picture
268 Followers
I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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