External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>Angi, a home services marketplace, was spun off from IAC on April 1, 2025, after significant restructuring.</li><li>The company has improved cash flow and lead quality, aiming for profitable scaling after a challenging period.</li><li>Analysts believe Angi's stock, trading at 6.0-6.5x EBITDA, has a potential 50% upside due to overlooked earnings potential.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Angi, a home services marketplace, was spun off from IAC on April 1, 2025, after significant restructuring.The company has improved cash flow and lead quality, aiming for profitable scaling after a challenging period.Analysts believe Angi's stock, trading at 6.0-6.5x EBITDA, has a potential 50% upside due to overlooked earnings potential.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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Richard Howe

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<ul><li>This week, IAC Inc (IAC) spun off Angi Inc (ANGI). The first day of trading was April 1st.</li><li>Angi operates the largest digital marketplace for home services in the U.S., connecting homeowners with contractors across Angi’s Ads and Leads platform (formerly HomeAdvisor/Angie’s List) and Services (pre-priced jobs fulfilled via Angi’s network)</li><li>ANGI has fallen sharply despite no tariff exposure.</li></ul>

This week, IAC Inc (IAC) spun off Angi Inc (ANGI). The first day of trading was April 1st.Angi operates the largest digital marketplace for home services in the U.S., connecting homeowners with contractors across Angi’s Ads and Leads platform (formerly HomeAdvisor/Angie’s List) and Services (pre-priced jobs fulfilled via Angi’s network)ANGI has fallen sharply despite no tariff exposure.

<ul><li>On March 31st 2025 I spoke to Mark Schneider of investor relations from IAC.</li><li>Mark currently covers investor relations for Angi, Inc as well. but Angi will be hiring its new head of investor relations soon.</li><li>Our conversation was productive and increased my confidence in the outlook for Angi.</li></ul>

On March 31st 2025 I spoke to Mark Schneider of investor relations from IAC.Mark currently covers investor relations for Angi, Inc as well. but Angi will be hiring its new head of investor relations soon.Our conversation was productive and increased my confidence in the outlook for Angi.

<ul><li>This week, two charts caught my eye. First, investor sentiment continues to be very bad.</li><li>Second, non-US stocks are actually performing well.<figure class="editor-figure mceNonEditable"></figure></li><li>Quietly, one of my recommendations, Airtel Africa (AAF) is at an all-time high. Airtel Africa is a good example of what you can find in international markets.</li></ul>

This week, two charts caught my eye. First, investor sentiment continues to be very bad.Second, non-US stocks are actually performing well.Quietly, one of my recommendations, Airtel Africa (AAF) is at an all-time high. Airtel Africa is a good example of what you can find in international markets.

<ul><li>Angi Inc. (“Angi”) is set to be spun off from IAC Inc. (IAC owns 85% of the company) on March 31, 2025 following a multi-year turnaround that restored profitability and improved cash flow.</li><li>The first day of regular way trading will be April 1, 2025.</li><li>Angi operates the largest digital marketplace for home services in the U.S., connecting homeowners with contractors across Angi’s Ads and Leads platform (formerly HomeAdvisor/Angie’s List) and Services (pre-priced jobs fulfilled via Angi’s network), with an international segment spanning Europe and Canada.</li></ul>

Angi Inc. (“Angi”) is set to be spun off from IAC Inc. (IAC owns 85% of the company) on March 31, 2025 following a multi-year turnaround that restored profitability and improved cash flow.The first day of regular way trading will be April 1, 2025.Angi operates the largest digital marketplace for home services in the U.S., connecting homeowners with contractors across Angi’s Ads and Leads platform (formerly HomeAdvisor/Angie’s List) and Services (pre-priced jobs fulfilled via Angi’s network), with an international segment spanning Europe and Canada.

United States

ANGI Homeservices Inc. operates an online portal for home improvement. The Company offers a digital platform that connects homeowners with service professionals for home services. ANGI Homeservices serves customers worldwide.

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ANGI Homeservices (ANGI US)

Angi Inc (ANGI) - Thursday, May 29, 2025

Angi, restructured after its IAC spin-off, is improving cash flow and lead quality, with analysts seeing a potential 50% upside as the market...

Value Investors Club (VIC)

Weekly Update (HAVAS, ANGI)

This week, IAC Inc (IAC) spun off Angi Inc (ANGI). The first day of trading was April 1st. Angi operates the largest digital marketplace for home...

Richard Howe

Notes from Conversation with ANGI IR

On March 31st 2025 I spoke to Mark Schneider of investor relations from IAC. Mark currently covers investor relations for Angi, Inc as well

Richard Howe

Weekly Update (ANGI, IAC, HOLN)

This week, two charts caught my eye. First, investor sentiment continues to be very bad. Second, non-US stocks are actually performing well.

Richard Howe

ANGI Spin-off Deep Dive

Angi Inc. (“Angi”) is set to be spun off from IAC Inc. (IAC owns 85% of the company) on March 31, 2025 following a multi-year turnaround...

Richard Howe

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