企業概要
Wix.com Ltd. is a technology enterprise that operates a cloud-based web development platform serving registered users and creators across the United States, Europe, Israel, and international markets. The company provides distinct solutions including the Wix Editor, a drag-and-drop visual development and website editing environment, and Wix Studio, a unified website platform designed for professional web development needs. This entity operates within the Technology sector, specifically categorized under the Software - Infrastructure industry, which signifies its role in providing foundational digital tools rather than consumer-facing software applications. Wix.com Ltd. demonstrates a significant market presence with a market capitalization of $4.34 billion, annual revenue of $1.99 billion, and an employee count of 4,397. These valuation and revenue figures indicate that the company has achieved substantial scale in the global web development infrastructure market, establishing itself as a major player with a robust operational footprint that supports its infrastructure business model.
財務健全性
The company reported revenue of $1.99 billion for the trailing twelve months, with a net income of $50.65 million and EBITDA of $34.36 million. The substantial gap between the $1.99 billion in revenue and the $50.65 million in net income reveals a cost structure where operating expenses, likely driven by research and development and sales costs, consume a significant portion of top-line growth before reaching the bottom line. Despite the net income figure, the EBITDA of $34.36 million suggests that while the business generates operational cash, it faces challenges in covering fixed costs and interest obligations relative to its revenue scale. The company generated free cash flow of $447.46 million, indicating strong financial flexibility derived from its core operations that can be utilized for capital allocation or strategic investments. The balance sheet reflects a total cash position of $1.18 billion against total debt of $1.59 billion, while the debt-to-equity ratio is listed as N/A due to the negative price to book value. This structure suggests a leveraged balance sheet where cash holdings do not fully offset the reported debt obligations on a net basis. Profitability metrics show a gross margin of 68.1%, an operating margin of -13.7%, and a profit margin of 2.5%, indicating that while the product has high efficiency in production, high operating expenses are compressing the final profitability. The current ratio stands at 1.19, which indicates that the company holds slightly more current assets than current liabilities, providing a buffer for short-term liquidity needs. Return on Equity is listed as N/A, while the return on assets is 0.1%, revealing that management effectiveness in generating returns on the total asset base is currently minimal relative to the large asset pool.
バリュエーション評価
The trailing P/E ratio is 84.52, while the forward P/E is 9.39, implying that the market expects a dramatic improvement in earnings trajectory that would bring the valuation multiple down significantly from current levels. The price-to-book ratio is -11.17, indicating that the market values the company at a negative multiple relative to its book value, which often occurs when market capitalization falls below total liabilities or when intangible assets are not fully reflected on the balance sheet. The price-to-sales ratio is 2.18 and the EV/EBITDA is 130.97, suggesting that these alternative valuation metrics are heavily influenced by the company's current profitability challenges and debt structure rather than traditional growth premiums. The 52-week high is $191.24 and the 52-week low is $60.22, providing a wide trading range that reflects significant market volatility. Without a specific current price provided in the facts to calculate the exact percentage, the stock is trading within a range defined by these extremes, highlighting the speculative nature of the valuation given the low earnings. The beta value is 1.26, which means the stock exhibits higher price volatility relative to the broader market, moving 26% more than the market average in response to general market fluctuations.
Growth & Income
The revenue growth year-over-year is 13.9%, while earnings growth is listed as N/A, indicating that earnings are not currently growing at a rate that can be quantified or are fluctuating significantly relative to the steady revenue expansion. This divergence suggests that while top-line growth is consistent, the translation of that growth into net earnings is unstable, potentially due to the negative operating margins noted in the financial health section. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%. This non-dividend status indicates that the company chooses to reinvest its earnings and free cash flow back into the business for growth initiatives rather than distributing cash to shareholders. The overall growth and income profile is characterized by strong revenue expansion of 13.9% coupled with a lack of dividend income and uncertain earnings growth, presenting a high-risk, high-reward investment characteristic typical of infrastructure software companies in a transitionary phase.