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on March 18, 2020. It expanded its food delivery business by acquiring Postmates in 2020, and it turned profitable in 2023 by exiting its weaker overseas markets and divesting its non-core divisions. Uber (NYSE: UBER) has taken investors on a wild ride since its IPO on May 9, 2019. million today. trillion by 2040.
Why did QuantumScape's stock skyrocket in 2020? billion in late 2020 even though it hadn't generated any revenue yet. Based on its current enterprisevalue of $2.54 Its rally in late 2020 was largely driven by the stimulus-induced buying frenzy in meme stocks instead of the underlying value of its business.
Importantly, it has a history of making moves to help unlock the true value of its shares by making them more investable. In 2020, for example, it created Brookfield Renewable as part of its Brookfield Renewable Partners subsidiary. That's one of its highest valuations outside of the 2020-2021 period when the pandemic skewed results.
Nikola (NASDAQ: NKLA) attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 4, 2020. Therefore, it's easy to see why Nikola's enterprisevalue shrank from its peak of $28.7 The electric semi-truck maker's stock opened at $37.55 a mere five days later.
A tiny player in a nascent market Serve Robotics was founded in 2017 within Postmates, the food delivery service acquired by Uber Technologies (NYSE: UBER) and integrated into Uber Eats in 2020. With an enterprisevalue of $384 million, it might seem ridiculously overvalued at more than 200 times this year's sales.
In December 2020, AEA Investors acquired a majority stake in PST, while Battery retained a minority interest. Following AEA’s majority investment in 2020, we have strengthened our presence in North America and established PST as a global, scaled market leader that is well positioned for long-term growth,” said Mr. Markin. “We
Source: Frontline Road Safety Frontline Road Safety was formed in August 2020 by The Sterling Group as a new road safety platform. Since launching the Frontline platform in 2020, Sterling has been proud to support the companys tremendous growth and expansion, said Brad Staller , a partner at Sterling.
CenterOak acquired Shamrock Environmental in January 2020. During its ownership period, the company completed five add-on acquisitions, including three notable deals: Virginia-based Virginia American Industries in December 2020, Virginia-based Environmental Options in June 2023, and Pennsylvania-based JG Environmental in February 2024.
Subsequent acquisitions have expanded the platform’s reach, including Arkansas-based South Ark Electric in September 2019, Tennessee-based Funderburk Electrical Services in October 2020, Florida and Alabama-based Bright Future Electric in September 2021, and Alabama-based Goss Electric in February 2024.
Pamlicos fifth fund closed in February 2020, also at its hard cap, with $1.4 We are incredibly grateful for the trust and confidence of our limited partners, both long-standing and new, who share our belief in the value of partnership, transparency and consistency, said Art Roselle , a partner at Pamlico. billion of capital.
However, that growth trajectory wasn't smooth; it lost millions of active riders during the pandemic in 2020, and it didn't surpass its pre-pandemic peak of 22.9 Metric 2018 2019 2020 2021 2022 2023 Active Riders 18.6M With an enterprisevalue of $4.5 million to 22.4 million riders until 2024. Data source: Lyft.
Gryphon Investors has completed the sale of Kano Laboratories , a producer of branded oils and lubricants that it acquired in November 2020, to L Squared Capital Partners. The firm invests from $50 million to $500 million of capital in companies with enterprisevalues ranging from $100 million to $600 million and EBITDA of up to $80 million.
The cruise line operator's revenue plunged in 2020 and 2021 as global travel ground to a halt during the pandemic, and it was forced to take on a lot more debt to stay solvent. Looking back at Carnival's slowdown and recovery In fiscal 2020 and fiscal 2021 (which ended in November 2021), Carnival's revenue and number of passengers plummeted.
That's why MicroStrategy's revenue grew at an anemic compound annual growth rate (CAGR) of less than 1% from 2010 to 2020. But in August 2020, MicroStrategy's co-founder and then-CEO Michael Saylor drove the company to start spending the software segment's cash on big Bitcoin purchases. And with an enterprisevalue of $2.9
At the beginning of 2020, Nvidia had an enterprisevalue of $136 billion while Amazon was worth $889 billion. from fiscal 2020 to fiscal 2024. A few years ago, it seemed unlikely that Nvidia (NASDAQ: NVDA) could become as valuable as Amazon (NASDAQ: AMZN). But today, Nvidia is worth $1.46 trillion and Amazon is worth $1.60
Cruise lines took on a lot of additional debt during the pandemic-related shutdown in 2020 that lasted well into 2021. Its debt-saddled enterprisevalue is almost $50 billion. However, based on today's starting line, the point here is that Carnival's enterprisevalue would have to appreciate by only 160% in six years.
PubMatic's revenue rose 15% in 2019, then jumped 31% in 2020 and 53% in 2021. But at its peak, PubMatic's enterprisevalue hit $3.3 PubMatic's low enterprisevalue of $470 million might make it a more compelling takeover target than Magnite, which has an EV of $1.3 on March 1, 2021.
Its revenue rose 7% in 2020, 8% in 2021, and 18% to $592 million in 2022. Some of that growth was driven by its acquisitions of two smaller PAM players: Idaptive in 2020 and C3M in 2022. Its revenue rose 24% in 2020, 23% in 2021, and 26% to $683 million in 2022. With an enterprisevalue of $6.2 government agencies.
The market continues to reward this portfolio restructuring Lee Samaha (Carrier Global): In 2020, this company was spun off the former United Technologies (with a long history of increasing dividends itself, which Carrier has continued). Its Chubb fire & security business was sold for an enterprisevalue of $3.1
That decline reduced Sea's enterprisevalue to $29 billion, which is just 2 times its projected sales and 21 times its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) for 2024. million at the end of 2020. Image source: Getty Images. That's why Garena ended 2023 with just 528.7
So, in 2020, MicroStrategy Chief Executive Officer Michael Saylor directed the company to start buying Bitcoin with an initial purchase of $250 million. MicroStrategy's Bitcoin holdings now account for 30% of its enterprisevalue of $46.9 That rally would boost the value of its current Bitcoin holdings to $2.94
It went public at $10 in fall 2020, and within two months was peaking north of $60. It collected a settlement that is a healthy 18% of its current enterprisevalue of $1.2 Disney's value of the partnership at today's price would be $2.4 Disney's enterprisevalue is $226 billion. Image source: Getty Images.
Granted, the company slashed its distribution in 2020 because it needed to pay down debt. Since 2020, Energy Transfer has increased its distribution significantly. Its enterprisevalue -to- EBITDA multipole ranks among the lowest in the industry. Its yield hasn't been below 5% since 2015.
Under Saylor's direction, MicroStrategy bought its first $250 million of Bitcoin in 2020. billion and a market value of $24.5 MicroStrategy's Bitcoin portfolio is equal to about a third of the company's enterprisevalue of $73.3 10, 2024, its holdings had grown to 279,420 Bitcoins with an overall purchase price of $11.9
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. At its peak, Nikola had an enterprisevalue of $28.7 At its peak, Nikola had an enterprisevalue of $28.7 just six trading sessions later. Image source: Nikola.
billion in 2020 to collect more customer data. Back in 2020, Twilio claimed it could grow its organic revenue by at least 30% annually through 2024. Today, it has a much lower enterprisevalue of $9.9 Twilio's acquisitions created a big gap between its inorganic and organic growth rates. billion -- or 2.4
ai (NYSE: AI) was one of the hottest tech IPOs of 2020. The developer of enterprise artificial intelligence (AI) algorithms went public at $42 on Dec. Second, C3 was growing like a weed: Its revenue rose 49% in fiscal 2019 (which ended in April 2019) and grew another 71% in fiscal 2020.
3M bought M*Modal's technology business for an enterprisevalue of $1 billion in early 2019, and later that year 3M bought advanced and surgical wound care company Acelity for an enterprisevalue of $6.7 In 2020, 3M sold the majority of its drug delivery business.
Despite its impressive performance in 2020 and 2021, it's no secret that Pfizer (NYSE: PFE) is in the process of reinventing itself. Check out this chart describing the enterprisevalue (EV) of players like Viking Therapeutics , Altimmune , Structure Therapeutics , and Zealand Pharma : ALT EnterpriseValue data by YCharts.
RVs have been growing in popularity over time, but the industry got a boost in mid-2020 when the pandemic turned a lot of people into outdoor enthusiasts. This is a real business, and its enterprisevalue is just 0.7x It has a negative enterprisevalue of $237 million. billion in cash on its balance sheet.
From fiscal 2020 to fiscal 2024 (which ended on April 30), its revenue grew at a compound annual growth rate (CAGR) of 19%. Metric FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Revenue Growth 71% 17% 38% 6% 16% Adjusted Gross Margin 76% 76% 79% 77% 69% Data source: C3.ai. With an enterprisevalue of $3.1 two weeks later.
It launched its second vehicle, the Polestar 2 electric sedan, in 2020. Based on those estimates and its enterprisevalue of $9.9 Polestar launched its first vehicle, the Polestar 1 sports car, in 2019. It was only sold in limited quantities and discontinued last year. Analysts expect Polestar's revenue to rise 30% to $3.2
With an enterprisevalue of $2.67 It had a rocky start after its public debut in 2020: it broadly missed its original delivery targets, its founder Trevor Milton was convicted of securities and wire fraud in 2022, and a series of battery fires in 2023 forced it to recall all of its BEVs. times next year's sales.
The dot-com crash and some accounting problems from 2018 to 2020 exacerbated its decline. But with its stock trading at about $2, Plug Power's enterprisevalue of $2.6 billion values the company at just two times next year's estimated sales. Analysts also still have an average price target of $4 on the stock.
Its revenue soared sevenfold from $35 million in 2020 to $245 million in 2023, but that still slightly missed its pre-merger target of $267 million. The valuations and verdict With an enterprisevalue of $920 million, Archer Aviation still looks expensive at 23 times next year's sales.
After nearly doubling in value from 2020 to late 2021, Semtech stock is now down more than 80% from those late 2021 all-time-highs and remains near multi-decade lows. As for the cost of acquiring Sierra Wireless, Semtech paid an enterprisevalue of $1.2 Shares currently trade for about 2.7
At its peak, UiPath had an enterprisevalue of $41.3 But today, UiPath only trades at about $19 per share, with an enterprisevalue of $8.8 Between fiscal 2020 and fiscal 2023, UiPath's annual revenue rose at a compound annual growth rate (CAGR) of 47%, from $336 million to $1.06 on May 24, 2021.
Its revenue growth is stabilizing Shopify's revenue soared 86% in 2020 as the pandemic drove more merchants to sell their products online. Its stock looks reasonably valued At its all-time high, Shopify's enterprisevalue reached $205.7 But today, Shopify has an enterprisevalue of $91.9
It also launched its first Photon satellite bus in 2020, and it's deployed 192 satellites so far. During its pre-merger presentation , Rocket Lab predicted it could grow its revenue at a compound annual growth rate (CAGR) of 97% from $35 million in 2020 to $267 million in 2023. With an enterprisevalue of $3.7
However, Bitcoin's rally also lit a fire under stocks like Coinbase (NASDAQ: COIN) , one of the world's top cryptocurrency exchanges, and MicroStrategy (NASDAQ: MSTR) , an aging enterprise software company that started hoarding Bitcoin in 2020. billion -- which is more than half of its enterprisevalue of $25.3
In 2020, the pandemic caused its home sales to grind to a halt. Metric 2020 2021 2022 9M 2023 Revenue $2.6 With an enterprisevalue of $3.5 Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. billion $8.0 billion $15.6
But in 2020, it ordered tens of thousands of top-tier ASIC miners and rebranded itself as a pure-play Bitcoin miner. Marathon's revenue soared from $4 million in 2020 to $150 million in 2021 as it deployed its first miners. With an enterprisevalue of $6.1 How did Marathon become a pure-play Bitcoin miner?
The transaction was valued at $18.5 Today you can buy all of Teladoc at an enterprisevalue barely above $3 billion. The Livongo deal that closed in late 2020 helped juice early results, but it's been organic deterioration most of the way down. billion at the time. The erosion of Teladoc as a growth stock has been fierce.
MicroStrategy (NASDAQ: MSTR) , an enterprise software company that shifted its focus to buying and holding Bitcoin (CRYPTO: BTC) in 2020, could benefit from a split since its stock is trading close to $1,900 per share. million in August 2020 to 17 million today, diluting the shares by 83%. billion yet holds $14.9
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