Doximity (DOCS), mcap=$5bn, price $26.17 vs $32.68

$DOCS pitch:
– LinkedIn for Doctors, 80% of US physicians, 90% of med students, and 50% of nurses on board.
– Earns from advertising + recently acquired hospital staffing company.
– Covid beneficiary with the stock has sold off by 70%+ as guidance was brought down.
– Monopoly business with pricing power.
– Strong balance sheet.
– Multiple growth opportunities are not reflected in the valuation.

$DOCS valuation:
– Fairly valued using conservative estimates (DCF supports $35-45/share).
– Any upside optionality comes for free.

Exp. gain: Not specified.

Full DOCS write-up (free guest account required):
https://www.valueinvestorsclub.com/idea/Doximity/0262146875

Published on: October 19, 2022  •  Published by:
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