Godaddy focuses on the design and development of cloud-based technology products for small businesses, Web design professionals, and individuals. The company was founded in 1997 and is based in Scottsdale, Arizona.
GDDY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for GoDaddy Inc. To summarize, we found that GoDaddy Inc ranked in the 59th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 75.5% on a DCF basis. The most interesting components of our discounted cash flow analysis for GoDaddy Inc ended up being:
GoDaddy Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.88. This coverage rate is greater than that of just 11.93% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 10. This value is greater than 86.63% stocks in the Technology sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CCIHY, CMTL, MODN, NTWK, and SSTI can be thought of as valuation peers to GDDY, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
GoDaddy ([[GDDY]] +2.4%) announces that customers can now sell their products on Instagram and Facebook through Websites + Marketing Ecommerce, further expanding the opportunity for them to find new customers and grow sales.Products added to their online store, along with product information – description, photos, price, quantity, etc. – will sync to their...
At first, it was hard not to be skeptical of GoDaddy (GDDY). The only familiarity with the company came from almost a decade of racy TV ads. And some ads that were pushed online because TV stations refused to air them at all. But the more we dug, the more...
Cubento Capital on Seeking Alpha | September 22, 2020
Systematic hedge fund Quantology’s earnings-based strategy rises on US internet bets Submitted By Hugh Leask | 15/09/2020 - 2:08pm Paris-based systematic hedge fund Quantology Capital Management – which trades US equities using a quarterly earnings-based quant model – has generated positive returns from IT and internet positions, and now sees US markets firmly in “risk on” territory. The firm’s Quantology Absolute Return Fund - a systematic long/short US market neutral equity strategy which takes long and short positions in Nasdaq and NYSE-listed companies - added 0.3 per cent in its main dollar-denominated share class in August, putting its year-to-date return at 5.4 per cent. Its euro class is up 4.8 per cent in 2020, having risen 0.2 per cent last month. Positive momentum in mid-cap ...
SCOTTSDALE, Ariz., Sept. 14, 2020 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced it has entered into a definitive agreement to acquire SkyVerge, a leading WooCommerce product developer. Financial details of the transaction were…