Zeta Global 具备强劲的长期看多逻辑，驱动力来自营收增长加速、市场份额提升以及营业利润率趋势向好。
逐段跳播
另一家增长疯狂的公司。该股在过去一年表现稍好一些，上涨了约67%。这实际上是我认为自己在2026年表现最好的股票，这就是Zeta Global。Zeta Global的3年复合年增长率为34%。
它实际上还在加速。我稍后会讲到这一点。但这里的估值倍数更有吸引力一些。企业价值与销售额之比约为五倍。远期市盈率约为30倍。远期价格与自由现金流之比也大致相同。
Another company that's grown like crazy. The stock's performed a little bit better over the past year about up about 67%. This is actually I think my best performing stock of 2026, but that's Zeta Global.
Zeta Global 3-year compound annual growth rate 34%. It's actually accelerating. I'll get to that in just a second. But the multiples are a little bit more compelling here. Enterprise value to sales is about five.
The price earnings multiple on a forward basis is about 30. Price price to free cash flow on forward basis about the same.
让我们看看营收和增长数据，因为这最终是Zeta Global真正有吸引力的地方。让我们把时间拉回到2022年12月那个季度。你可以看到营收持续复利增长。那就是32%的增长率。看看过去几个季度发生了什么。
营收增长略有放缓，现在又开始加速。这并非巧合。而这正是Athena平台推出的时候。所以，这是他们实际上正在谈论的事情。我很快会做一个关于这个的视频。Zeta Live实际上正在我录制的时候举行。
所以我会获取更多信息，我会向你提供更多关于那边正在发生什么的信息。但是，这很可能会继续推动他们的营收以20%以上的区间增长。这就是他们的长期目标。我们已经看到Zeta Global超过30%的增长。
Let's look at the revenue and growth numbers because this is what ultimately gets to be really compelling for Zeta Global. Let's pull this back to the December 2022 quarter. You can see just compounding revenue consistently.
That's that 32% growth rate. Look at what's happened over the past few quarters. Revenue growth slowed a little bit and now it's starting to accelerate. No coincidence. And this is when the Athena platform was launched.
So, this is something they're actually talking about. I'll do a video about this soon. Zeta Live is happening actually as I'm recording. So, I'll get some more in So, I'll get some more information out to you about what is going on with that.
But, this is probably going to continue to grow their revenue in that 20 plus% range. That's what their long-term goals are. We've seen over 30% growth for Zeta Global.
所以，如果你持有这类在市场中采取进取姿态的公司，它们处于进攻状态。它们不像营销业务中的Trade Desk那样处于防守状态。Zeta Global正在其核心营销业务中赢得更多客户。
他们也在更多地进入商业智能领域。这是他们谈到过的事情。我认为未来我们会了解更多关于这项业务的情况。但这就是我喜欢的那种拥有大量顺风的公司。
So, if you own companies like this that are being aggressive in their market, they're on offense. They're not on defense like a trade desk is in the marketing business. Zeta's Zeta Global is gaining more customers in their core marketing business.
They're also moving more into business intelligence. That's something they talked about. I think we'll learn more about that business in the future. But this is the kind of company that I like with lots of tailwinds.
此外，你还有相当不错的营业利润率。看看我们这项业务的营业利润率。它持续向右上方攀升。这正是我们想看到的。而且目前它只是勉强为正。所以，很多时候当一家公司的营业利润率转正时，那正是你开始看到股价真正启动的时候。
我认为Zeta Global为未来十年做好了充分准备。
Also, you have some pretty good operating margin. Look at the look at the operating margin that we have for the business. This continues to go up and to the right. That's exactly what we want to see.
And it's just barely positive at this point. So, a lot of times when a company goes to positive operating margin, that's when you start to see the stock really start to move. I think Zeta Global is really well positioned for the next decade.
这个频道对 $ZETA 的历次判断
Asymmetric Investing by Travis Hoium 在这只股票上共 2 条判断，这里只列相邻的几条。