Bending Spoons acquires digital companies. It employs a low-cost, AI-empowered European talent base to drive efficiency and revenue. Its growth is primarily acquisition-driven. Debt significantly funds this strategy.
Recent acquisitions are expected to boost earnings. However, an analysis points to a high valuation premium compared to peers like Constellation Software. This is attributed to modest organic growth. The analysis positions Bending Spoons more like a private equity fund than a typical tech growth stock. This raises questions about the sustainability of its current market valuation amid recent price swings.