Surprisingly you have most of this wrong.
The cash is in US$ so in A$ they have 41 mill. EV is 113m. Sales last year were US$12.4 which is A$ 16.3 m. Revenue multiple is not 9 times but 7 times. After 100% growth, rev multiple will be 3.5 times.
Pretty comfortable with that. At the end of FY17, revenue will be > A$ 32 m, IMO forcast growth will be 100% again and revenue multiple will still be 7 times. This implies a shareprice of > $1.30.
If they beat forcast growth numbers, and July was a cracker of a start, there will be upside.
I guess that's what makes a market. Buyers are betting that the growth will happen. Sellers aren't so comfortable. From all reports Aug is going well too so looks like we will be at greater than 100% growth already. July alone was more than the previous corresponding qtr. If Aug continues to go well we may treble the prev corresponding qtrly. A good start to 100% growth. Advertising starts pre Halloween so I reckon 100% growth will prove conservative.
Typical takeover multiples in this space is 10 X revenue.
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Mkt cap ! $5.734M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 41666 | 2.4¢ |
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Price($) | Vol. | No. |
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2.5¢ | 117143 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 41666 | 0.024 |
3 | 97656 | 0.023 |
2 | 116114 | 0.021 |
1 | 50049 | 0.020 |
1 | 100000 | 0.010 |
Price($) | Vol. | No. |
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0.026 | 18498 | 1 |
0.028 | 43879 | 1 |
0.030 | 90994 | 4 |
0.032 | 187876 | 1 |
0.034 | 19500 | 1 |
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