AvePoint Inc. Class A Common Stock (AVPT)

FairStock Score: 45/100 — MIXED

Key Financials

Strengths

• Generates $64 million in annual free cash flow (3.1% yield on market cap)
• Conservative balance sheet with debt-to-equity of just 0.04, providing financial flexibility
• Revenue growth of 28.6% demonstrates strong top-line momentum

Concerns

• Trades significantly above Graham Number ($3) with negative 249% margin of safety—limited downside protection

AI Analysis

AvePoint Inc. Class A Common Stock is a small-cap technology company valued at $2.1 billion. The business generates $419 million in annual revenue with a 3.7% net margin and $64 million in free cash flow. From a quality standpoint, AvePoint shows healthy Altman Z-Score of 3.8 and modest 9% ROE. On valuation, the stock is commanding a steep 64.1x multiple, with trades far above its Graham Number ($3) with no margin of safety. Growth dynamics show revenue growing at 28.6% and profit growth of 191.0%. Our composite FairStock Score of 45/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

AvePoint's 29% revenue growth trajectory could accelerate as it captures additional market share in the technology sector. With $64 million in annual free cash flow (3.1% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

At 64x earnings, any growth disappointment triggers rapid multiple compression—a 20% earnings miss plus multiple contraction to 20x implies 40%+ downside. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer