11月：Xero的半年业绩令人失望 -股价跌超10%

CalmDownOK

Xero’s half year results disappoint


Xero Limited (ASX: XRO)今天在发布其半年业绩后，股价 下跌。

在截至9月30日的六个月里，Xero的营业收入增长了23%，达到5.057亿新西兰元，但EBITDA下降了19%，9810万新西兰元。

表现低于市场的全年增长率预期

高盛（Goldman Sachs）曾预计该云会计平台供应商在2022财年将实现33%的收入增长

xmax300

重创

WACT

中小企业没有多少奶了

CalmDownOK

WACT 发表于 2021-11-11 15:13
中小企业没有多少奶了

true:si74

melmonash

估计还会跌一点，基本面没大问题。

CalmDownOK

forward revenue:19 times
forward EBITDA multiple:88

The revenue multiple is lower than WiseTech Global, which trades about 28 times forward revenue.
Intuit trades at 15 times forward revenue and has an EBITDA multiple of 38, according to S&P.

karenhangxu

软件如果好用，就会流行开来。可是….

水月境天

karenhangxu 发表于 2021-11-12 09:35
软件如果好用，就会流行开来。可是….

怎么了软件不好用吗？
我记得用Xero的时候， 自动对仗进出款项这个蛮好用的。
其他就是会计电子化的内容。
现在有什么软件比它做的更好的有吗？

mdlp

XERO其实还不错的

CELINE999

没见怎么跌啊

2013whyregister

124 this year

CalmDownOK

2013whyregister 发表于 2021-11-12 15:50
124 this year

继续跌吗？

Brucehome

水月境天 发表于 2021-11-12 10:13
怎么了软件不好用吗？
我记得用Xero的时候， 自动对仗进出款项这个蛮好用的。
其他就是会计电子化的内容 ...

有啊, QBO和它不相上下, 各自有自己的优缺点. class比xero好用多了,只是主战场是SMSF. MYOB的online(不是cloud live)版也开始在发力.
Xero只是起点早, 推广猛, 但设计上在最底层有致命的缺陷, 快十年了没重大变化, 以前便宜给小公司用, 现在市场上竞争对手太多了, 如果不再设计上创新, 支撑其业绩股价的点会越来越少.

CalmDownOK

Analysts at Credit Suisse have retained their outperform rating and $160.00 price target on this cloud accounting platform provider’s shares following its half year results
周五下午，Xero的股价为140.29

CalmDownOK

Citi commented: “Xero’s core accounting growth in 1H22 was a bit weaker than expected (partly a function of lockdowns) and North American subscriber growth missed our expectations. However, with AMRR growth accelerating to 29% from 17% in FY21 (26% excl. acquisitions), we upgrade to Buy ($160 target price) as we expect solid growth over the medium term as Xero increases penetration of existing markets (~18% penetration excl. North America), enters new markets (e.g. Europe) and increases ARPU. Our Buy call is not dependent on success in the US, with our forecasts assuming 2.2 million subs in North America in FY31e (~7% penetration).”

CalmDownOK

The broker recently commented: “We expect XRO revenue to double across FY21-24E, driven by: (1) ARPU growth from the recently announced price rises (benefiting FY22/23E) and the introduction of this app store fee (benefiting FY23/24E); (2) Subscriber growth, given accelerating subscriber growth across all geographies in 2H21, and strong recent traction from its Enterprise strategy; and (3) M&A.”

Goldman Sachs has a buy rating and $158.00 price target on its shares.