Financials GoDaddy Inc.

Equities

GDDY

US3802371076

IT Services & Consulting

Real-time Estimate Cboe BZX Other stock markets 11:14:08 2024-05-06 am EDT			5-day change	1st Jan Change
128.4 ^USD	+3.87%		+1.70%	+19.75%

02:57pm	B. Riley Raises Price Target on GoDaddy to $143 From $142, Maintains Buy Rating	MT
May. 03	UBS Adjusts Price Target on GoDaddy to $130 From $118, Maintains Neutral Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,597	13,928	14,104	11,602	14,950	17,426	-	-
Enterprise Value (EV) ¹	12,906	16,316	16,731	14,659	18,308	20,162	20,226	19,382
P/E ratio	89.4 x	-28.2 x	59.8 x	34.2 x	11.5 x	19 x	19.7 x	15.4 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.88 x	4.2 x	3.7 x	2.84 x	3.51 x	3.85 x	3.59 x	3.32 x
EV / Revenue	4.32 x	4.92 x	4.38 x	3.58 x	4.3 x	4.45 x	4.16 x	3.7 x
EV / EBITDA	17.6 x	17.7 x	19.6 x	14.5 x	16.1 x	15.3 x	13.4 x	11.3 x
EV / FCF	17.5 x	19.8 x	17.4 x	13.4 x	14.6 x	14.5 x	12.6 x	11 x
FCF Yield	5.7%	5.06%	5.74%	7.48%	6.85%	6.91%	7.94%	9.06%
Price to Book	15.3 x	-1,091 x	174 x	-34.8 x	187 x	24.9 x	11.9 x	6.66 x
Nbr of stocks (in thousands)	170,745	167,904	166,207	155,066	140,825	140,941	-	-
Reference price ²	67.92	82.95	84.86	74.82	106.2	123.6	123.6	123.6
Announcement Date	2/13/20	2/11/21	2/10/22	2/14/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,988	3,317	3,816	4,091	4,254	4,532	4,860	5,245
EBITDA ¹	734.1	920.5	854.2	1,013	1,134	1,319	1,509	1,710
EBIT ¹	202.6	272.2	382.1	498.8	547.4	820.6	994.7	1,202
Operating Margin	6.78%	8.21%	10.01%	12.19%	12.87%	18.11%	20.47%	22.91%
Earnings before Tax (EBT) ¹	126.4	-495.4	253.6	356.5	403.8	712.9	905	1,201
Net income ¹	137	-495.1	242.3	352.2	1,393	936.7	874.3	1,086
Net margin	4.58%	-14.93%	6.35%	8.61%	32.74%	20.67%	17.99%	20.7%
EPS ²	0.7600	-2.940	1.420	2.190	9.200	6.514	6.275	8.009
Free Cash Flow ¹	735.6	825.4	960	1,096	1,254	1,392	1,607	1,756
FCF margin	24.62%	24.89%	25.16%	26.79%	29.48%	30.72%	33.05%	33.48%
FCF Conversion (EBITDA)	100.2%	89.67%	112.39%	108.18%	110.55%	105.55%	106.45%	102.66%
FCF Conversion (Net income)	536.93%	-	396.2%	311.16%	90.04%	148.65%	183.75%	161.69%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	2/13/20	2/11/21	2/10/22	2/14/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	1,019	1,003	1,016	1,033	1,040	1,036	1,048	1,070	1,100	1,108	1,113	1,138	1,171	1,185	1,194
EBITDA ¹	254.2	225.9	258.4	262.7	266	249.7	264.6	296	324.2	313	314.6	333	361.3	353.7	360
EBIT ¹	124.8	109.6	124.6	129.7	134.9	70.8	119.6	167.1	189.9	175.9	195.1	210.5	236.8	238.1	244.6
Operating Margin	12.24%	10.93%	12.27%	12.55%	12.97%	6.83%	11.41%	15.62%	17.26%	15.87%	17.52%	18.49%	20.22%	20.09%	20.48%
Earnings before Tax (EBT) ¹	91.5	74.9	88.5	97.2	95.9	47.6	80.8	127.9	147.5	143.2	164.8	183.7	211.5	228.4	239.2
Net income ¹	87.2	68.4	90.4	99.8	93.6	47.3	82.9	130.7	1,132	401.5	153	171.8	197.6	201.2	209.9
Net margin	8.55%	6.82%	8.9%	9.66%	9%	4.57%	7.91%	12.22%	102.89%	36.22%	13.74%	15.1%	16.87%	16.98%	17.58%
EPS ²	0.5200	0.4100	0.5600	0.6300	0.6000	0.3000	0.5400	0.8900	7.850	2.760	1.082	1.244	1.449	1.405	1.456
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/10/22	5/4/22	8/3/22	11/3/22	2/14/23	5/4/23	8/3/23	11/2/23	2/13/24	5/2/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,309	2,388	2,627	3,057	3,358	2,736	2,800	1,956
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.783 x	2.595 x	3.075 x	3.018 x	2.96 x	2.074 x	1.855 x	1.143 x
Free Cash Flow ¹	736	825	960	1,096	1,254	1,392	1,607	1,756
ROE (net income / shareholders' equity)	17.5%	-	704%	-	-	1,308%	256%	198%
ROA (Net income/ Total Assets)	2.21%	-7.78%	3.5%	9.39%	19.1%	10.2%	10.7%	10.7%
Assets ¹	6,192	6,367	6,925	3,750	7,278	9,163	8,144	10,149
Book Value Per Share ²	4.430	-0.0800	0.4900	-2.150	0.5700	4.970	10.40	18.60
Cash Flow per Share ²	3.980	4.530	4.850	-	6.920	8.340	10.10	11.90
Capex ¹	87.6	66.5	51.1	59.7	42	27.2	31.4	35.4
Capex / Sales	2.93%	2.01%	1.34%	1.46%	0.99%	0.6%	0.65%	0.68%
Announcement Date	2/13/20	2/11/21	2/10/22	2/14/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for GoDaddy Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

123.6 USD

Average target price

140.4 USD

Spread / Average Target

+13.59%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
GODADDY INC.	+16.47%	17.43B
ACCENTURE PLC	-13.45%	191B
TATA CONSULTANCY SERVICES LTD.	+3.37%	167B
IBM	+1.32%	152B
AUTOMATIC DATA PROCESSING, INC.	+3.83%	99B
RELX PLC	+7.97%	78.79B
CROWDSTRIKE HOLDINGS, INC.	+21.50%	75.03B
INFOSYS LIMITED	-7.58%	70.51B
SNOWFLAKE INC.	-19.94%	53.21B
HCL TECHNOLOGIES LIMITED	-7.32%	43.78B

Other IT Services & Consulting