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A Stock with Room to Run

Based on Stamps.com’s (STMP) last closing price of $187.44, shares currently trade at 11.8x and 17.6x our FY ’19 adjusted EBITDA and non-GAAP EPS estimates, respectively.

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Stamps.com (STMP)Kevin LiuFebruary 4, 2019stamps.com, stmp, e-commerce, logistics
A Secular Growth Story

Given its association with postage stamps, those less familiar with STMP may find the company’s high historical growth rates surprising.

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Stamps.com (STMP)Kevin LiuFebruary 4, 2019stamps.com, stmp, e-commerce, logistics
A Solution for Every Segment

While perhaps best known for its namesake service, STMP’s acquisition strategy has yielded a portfolio of highly regarded products catering to shippers at various stages of maturity.

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Stamps.com (STMP)Kevin LiuFebruary 4, 2019stamps.com, stmp, e-commerce, logistics
Electronic Toll Roads Support a Significant TAM

STMP boasts hundreds of partner integrations across its product portfolio, providing customers with seamless access to a broad network of online marketplaces and shopping carts; regional, national and international carriers; and other business applications and integration tools.

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Stamps.com (STMP)Kevin LiuFebruary 4, 2019stamps.com, stmp, e-commerce, logistics
The Evolution of a Shipping Juggernaut

Stamps.com (STMP) was founded in September 1996 to explore the potential for joining the United States Postal Services’ (USPS) Information Based Indicia Program.

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Stamps.com (STMP)Kevin LiuFebruary 4, 2019stamps.com, stmp, e-commerce, logistics
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