Expectations for the month of August, page-7

My SP valuation for TNT was 56c, based on current annualised revenue ($43.8m) multipled
by 7.8x (typical MC/revenue of US cyber companies, see earlier post) and 610m shares.
Currently with an SP of ~26c, TNT is trading with an MC/rev ratio of only ~3.6x !!

Compare this number with the MC/rev for other ASX tech/software stocks:
APT.....41.7x
Z1P.....15.7x
TNE.....8.8x
APX.....6.8x
ALU.....22.7x
WTC....15.1x
EML.....9.8x
NXT......26.7x
MP1.....34.0x

and four of these other companies aren't yet cash positive, unlike TNT !
Actually, I searched to find a single ASX tech/software stock with an MC/rev
ratio lower than 3.6x, and couldn't find one.
Given that TNT is now the largest cyber player on ASX, and cyber security is a hot topic,
it is looking incredibly cheap. IMO, TNT is still much undervalued.

All IMHO, DYOR