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BILL HOLDINGS INC (BILL) Stock Fundamental Analysis

NYSE:BILL - New York Stock Exchange, Inc. - US0900431000 - Common Stock - Currency: USD

39.48  -0.93 (-2.3%)

After market: 39.89 +0.41 (+1.04%)

Fundamental Rating

4

Overall BILL gets a fundamental rating of 4 out of 10. We evaluated BILL against 283 industry peers in the Software industry. While BILL is still in line with the averages on profitability rating, there are concerns on its financial health. BILL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year BILL was profitable.
In the past year BILL had a positive cash flow from operations.
BILL had negative earnings in each of the past 5 years.
In multiple years BILL reported negative operating cash flow during the last 5 years.
BILL Yearly Net Income VS EBIT VS OCF VS FCFBILL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

BILL has a better Return On Assets (0.40%) than 63.60% of its industry peers.
The Return On Equity of BILL (0.99%) is better than 65.72% of its industry peers.
Industry RankSector Rank
ROA 0.4%
ROE 0.99%
ROIC N/A
ROA(3y)-2.05%
ROA(5y)-1.82%
ROE(3y)-4.75%
ROE(5y)-4.5%
ROIC(3y)N/A
ROIC(5y)N/A
BILL Yearly ROA, ROE, ROICBILL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 -2 -4 -6 -8

1.3 Margins

Looking at the Profit Margin, with a value of 2.70%, BILL is in the better half of the industry, outperforming 67.49% of the companies in the same industry.
BILL's Gross Margin of 81.47% is amongst the best of the industry. BILL outperforms 85.87% of its industry peers.
BILL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 2.7%
GM 81.47%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.38%
GM growth 5Y2.48%
BILL Yearly Profit, Operating, Gross MarginsBILL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

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3

2. Health

2.1 Basic Checks

BILL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BILL has been reduced compared to 1 year ago.
Compared to 5 years ago, BILL has more shares outstanding
The debt/assets ratio for BILL has been reduced compared to a year ago.
BILL Yearly Shares OutstandingBILL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
BILL Yearly Total Debt VS Total AssetsBILL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of 0.69, we must say that BILL is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.69, BILL is not doing good in the industry: 66.43% of the companies in the same industry are doing better.
The Debt to FCF ratio of BILL is 5.45, which is a neutral value as it means it would take BILL, 5.45 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BILL (5.45) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.43 indicates that BILL is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.43, BILL is not doing good in the industry: 63.60% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 5.45
Altman-Z 0.69
ROIC/WACCN/A
WACC10.16%
BILL Yearly LT Debt VS Equity VS FCFBILL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

BILL has a Current Ratio of 1.69. This is a normal value and indicates that BILL is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.69, BILL perfoms like the industry average, outperforming 53.00% of the companies in the same industry.
A Quick Ratio of 1.69 indicates that BILL should not have too much problems paying its short term obligations.
BILL has a Quick ratio (1.69) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.69
Quick Ratio 1.69
BILL Yearly Current Assets VS Current LiabilitesBILL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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5

3. Growth

3.1 Past

The earnings per share for BILL have decreased by -4.24% in the last year.
The Revenue has grown by 14.52% in the past year. This is quite good.
BILL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 64.12% yearly.
EPS 1Y (TTM)-4.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16.67%
Revenue 1Y (TTM)14.52%
Revenue growth 3Y75.6%
Revenue growth 5Y64.12%
Sales Q2Q%10.89%

3.2 Future

The Earnings Per Share is expected to grow by 14.17% on average over the next years. This is quite good.
Based on estimates for the next years, BILL will show a quite strong growth in Revenue. The Revenue will grow by 14.59% on average per year.
EPS Next Y-9.14%
EPS Next 2Y-2.63%
EPS Next 3Y4.64%
EPS Next 5Y14.17%
Revenue Next Year14.07%
Revenue Next 2Y13.3%
Revenue Next 3Y14.36%
Revenue Next 5Y14.59%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BILL Yearly Revenue VS EstimatesBILL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
BILL Yearly EPS VS EstimatesBILL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3 4 5

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 17.47, which indicates a rather expensive current valuation of BILL.
81.63% of the companies in the same industry are more expensive than BILL, based on the Price/Earnings ratio.
BILL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.93, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.80, BILL is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BILL indicates a somewhat cheap valuation: BILL is cheaper than 79.15% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BILL to the average of the S&P500 Index (35.31), we can say BILL is valued slightly cheaper.
Industry RankSector Rank
PE 17.47
Fwd PE 17.8
BILL Price Earnings VS Forward Price EarningsBILL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BILL is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, BILL is valued cheaply inside the industry as 91.52% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.94
EV/EBITDA 192.79
BILL Per share dataBILL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.63%
EPS Next 3Y4.64%

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0

5. Dividend

5.1 Amount

BILL does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BILL HOLDINGS INC

NYSE:BILL (8/14/2025, 7:06:17 PM)

After market: 39.89 +0.41 (+1.04%)

39.48

-0.93 (-2.3%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-27 2025-08-27/amc
Inst Owners91.8%
Inst Owner Change-0.57%
Ins Owners3.28%
Ins Owner Change10.5%
Market Cap4.07B
Analysts75.48
Price Target61.35 (55.4%)
Short Float %10.69%
Short Ratio4.91
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.8%
Min EPS beat(2)19.52%
Max EPS beat(2)30.07%
EPS beat(4)4
Avg EPS beat(4)23.15%
Min EPS beat(4)19.52%
Max EPS beat(4)30.07%
EPS beat(8)8
Avg EPS beat(8)25.57%
EPS beat(12)12
Avg EPS beat(12)60.87%
EPS beat(16)15
Avg EPS beat(16)52.54%
Revenue beat(2)0
Avg Revenue beat(2)-1.31%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)-1.29%
Revenue beat(4)2
Avg Revenue beat(4)0.23%
Min Revenue beat(4)-1.33%
Max Revenue beat(4)2.79%
Revenue beat(8)6
Avg Revenue beat(8)1.56%
Revenue beat(12)10
Avg Revenue beat(12)3.3%
Revenue beat(16)14
Avg Revenue beat(16)5.91%
PT rev (1m)-3.75%
PT rev (3m)-17.33%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)4.01%
EPS NY rev (1m)0%
EPS NY rev (3m)6.72%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.2%
Valuation
Industry RankSector Rank
PE 17.47
Fwd PE 17.8
P/S 2.86
P/FCF 12.94
P/OCF 11.77
P/B 1.05
P/tB 3.29
EV/EBITDA 192.79
EPS(TTM)2.26
EY5.72%
EPS(NY)2.22
Fwd EY5.62%
FCF(TTM)3.05
FCFY7.73%
OCF(TTM)3.35
OCFY8.49%
SpS13.81
BVpS37.57
TBVpS12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.4%
ROE 0.99%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 2.7%
GM 81.47%
FCFM 22.09%
ROA(3y)-2.05%
ROA(5y)-1.82%
ROE(3y)-4.75%
ROE(5y)-4.5%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.38%
GM growth 5Y2.48%
F-Score7
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 5.45
Debt/EBITDA 125.61
Cap/Depr 33.31%
Cap/Sales 2.19%
Interest Coverage N/A
Cash Conversion 2583.18%
Profit Quality 817.03%
Current Ratio 1.69
Quick Ratio 1.69
Altman-Z 0.69
F-Score7
WACC10.16%
ROIC/WACCN/A
Cap/Depr(3y)23.74%
Cap/Depr(5y)109.51%
Cap/Sales(3y)2.33%
Cap/Sales(5y)4.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16.67%
EPS Next Y-9.14%
EPS Next 2Y-2.63%
EPS Next 3Y4.64%
EPS Next 5Y14.17%
Revenue 1Y (TTM)14.52%
Revenue growth 3Y75.6%
Revenue growth 5Y64.12%
Sales Q2Q%10.89%
Revenue Next Year14.07%
Revenue Next 2Y13.3%
Revenue Next 3Y14.36%
Revenue Next 5Y14.59%
EBIT growth 1Y51.74%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year33.34%
EBIT Next 3Y27.34%
EBIT Next 5Y38.78%
FCF growth 1Y357.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y256.36%
OCF growth 3Y292.14%
OCF growth 5YN/A