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ZoomInfo Technologies Inc. (GTM)

NEUTRAL
TechnologySoftware - ApplicationUnited States

Fondamental

62

Prix

$3.86

Capitalisation boursière

$1.16B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

ZoomInfo sells access to a database of business contacts, company information and buying-intent signals that sales, marketing and recruiting teams use to find and reach the right prospects. Rather than helping a company sell to consumers, its customers are the sales and marketing departments of other businesses looking for leads. It operates as one reportable segment: everything is variations on the same core product, from basic contact lookups to AI-assisted outreach and account-based marketing tools sold as add-on modules.

Comment l'entreprise gagne de l'argent

Customers pay annual or multi-year subscription fees for seats and modules — Sales, Marketing, Operations, Talent — with the price scaling by number of users and which data and automation features are included. Growth comes less from finding brand-new customers and more from expanding what existing accounts already pay for: adding seats, upgrading modules, or moving from smaller downmarket contracts to larger upmarket ones. When customers shrink their teams or cut software budgets, seat counts and renewal size fall with them.

Avantage concurrentiel

Effets de réseau · Étroit

ZoomInfo's database gets more useful as more customers and integrations feed data back into it, and switching a sales team's workflow to a new provider means re-training and re-verifying contact data from scratch. But the underlying business-contact data itself is not exclusive — LinkedIn, data brokers and large language models can all be assembled into a competing product, so the advantage is real but not unassailable.

Ce qui stimule la demande

Cyclique

ZoomInfo sells to sales, marketing and recruiting teams, and spending on those functions is one of the first things companies cut when they pull back on growth — fewer sales reps means fewer seats needed. Net revenue retention below 100% in recent periods shows existing customers are already spending less on average, not just failing to grow.

Principaux risques

  • Customer growth and retention — The company depends on attracting new customers, renewing subscriptions and expanding usage at existing accounts; weaker economic conditions can cut spending on sales and marketing tools first.
  • Competition from data providers and AI platforms — Growing competition from other data vendors and large-language-model platforms could offer similar contact and intent data, eroding ZoomInfo's pricing power or market share.
  • Data privacy and AI regulation — Evolving privacy and AI-related laws could restrict how the company gathers, processes and sells contact and company data, a core part of its product.
  • Sensitivity to customer headcount — Because pricing scales with seats, when customers reduce sales, marketing or recruiting headcount, ZoomInfo's revenue from that account shrinks even if the customer relationship itself continues.

Les arguments en faveur

Buyers argue that a database built from years of aggregated contributions and integrations is hard for a new entrant to match quickly, and that AI-driven sales tools give ZoomInfo a chance to sell more modules into the same customer base rather than needing constant new logos.

Les arguments contre

Sellers fear that falling net revenue retention shows existing customers are already spending less, that large language models could let competitors assemble comparable contact data more cheaply, and that revenue tied to sales and marketing headcount is exposed whenever customers tighten budgets.

Written by the editors, published on 18 août 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Bilan & Liquidités

Chiffre d'affaires

$1.26B

12 derniers mois (au 30/06/2026)

Résultat net

$-541M

12 derniers mois (au 30/06/2026)

Flux de trésorerie libre

$389M

Capitaux propres totaux

$1.51B

Passif total

$4.93B

Ratio de liquidité général

0.65

Couverture des intérêts

8.80

Dette/EBITDA

4.49

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Sous-évalué

Juste valeur

$15.73

Prix actuel

$3.86

Marge de sécurité

+75.5%

Fourchette de juste valeur

$10.23 - $21.24

Méthodes d'estimation

Analyst Target:$4.60
DCF:$29.65
PE-based:-
Graham Growth:-
EPV:-
Consensus des analystes:Conserver (2B / 15H / 12S)
Dernière surprise sur les résultats:+4.79%

Indicateurs de valorisation

Ratio P/E

10.45

ROE

8.2%

Ratio P/B

1.37

P/FCF

3.17

Marge brute

83.5%

ROIC

-6.9%

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

-6.9%

WACC

5.3%

ROIC − WACC

-12.2 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Critères d'analyse fondamentale

Réussi (16)

  • EPS shows upward trend
  • Gross Margin 83.5%
  • P/FCF 3.17
  • P/B Ratio 1.37
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Undervalued)
  • ROE 8.0%
  • Revenue Growth 5Y 21.3%
  • Earnings Surprise avg 8.1%
  • Share Dilution -10.1%
  • Piotroski F-Score 7/9

Échoué (8)

  • Price CAGR -34.05%
  • ROIC -6.9%
  • Operating Margin -35.2%
  • Current Ratio
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Analyst Consensus 7% Buy
  • Net Margin Trend -43.0% vs 7.3%

Indisponible (3)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Score F de Piotroski

7/9

Santé financière solide

score
criteria

Qualité des bénéfices

-

Qualité faible : examiner la comptabilité

Dilution du capital

-10.1%

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Henry L. Schuck J.D.Co-Founder, Chairman of the Board & CEO41
Mr. Michael Graham O'BrienCFO & Interim PFO38
Ms. Ashley McGraneExecutive VP, Corporate Secretary & General Counsel41
Mr. James RothChief Revenue Officer38
Mr. Filip PopovicChief Technology Officer-
Jeremiah SisitskyVice President of Investor Relations-
Mr. Dennis SevillaChief Marketing Officer-
Mr. Chad HerringChief Human Resource Officer-
Mr. Andrew RiesenfeldSenior Vice President of Business Development-
Mr. Dominik FacherChief Product Officer-

Risque d'audit

1

Risque du conseil

7

Risque de rémunération

10

Risque droits des actionnaires

8

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

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