yep if u look at the top NASDAQ stocks, like alphabet,facebook they are around 20X 2019 earnings.
Aconex is much smaller, so should be appropriately discounted ,even though its growth rate is higher than above.
The conject acquisition made no sense. The EBITDA of conject was around a few million forecast, yet they paid around a 100million for it? EV/EBITDA looks too high?
The attractions must be compelling to Aconex’s management who have agreed to pay $96 million for a business that generated just $1.1 million in EBITDA for the financial year ending December 31 2015.
