NRDS is currently trading around:
* 10.1x P/E
* 4.5x P/FCF
* 4.0x P/CFO
* 0.77x sales
* 0.82x gross profit
Coupled with
Revenue per share:
* 1-year growth: 29.8%
* 2-year CAGR: 30.4%
* 3-year CAGR: 18.9%
* 4-year CAGR: 18.1%
Gross profit per share:
* 1-year growth: 33.3%
* 2-year CAGR: 32.4%
* 3-year CAGR: 19.7%
* 4-year CAGR: 18.2%
NRDS IPO'ed in 2022 and in the age of AI. NerdWallet remains mostly dependent on SEO and AI continues eating traditional search traffic, the current multiple could be justified.
Meanwhile, historically:
* Revenue/share compounded around 18% over four years
* Gross profit/share compounded around 18%
* FCF has increased dramatically
* The share count is falling
* Management is buying back stock at a low valuation
* P/E is around 10x
* P/FCF is around 4.5x
Would be interested to hear from anyone who has looked deeper into NRDS
[Some more graphs reiterating the same points here. ](https://companycharts.substack.com/p/nerdwallet-compounder-cheap?r=6kpr46&utm_campaign=post-expanded-share&utm_medium=web)
