8Common has had an excellent run lately. Now that it is cashflow positive and seems to have a growing and stable revenue it has transformed from being a stock that was not delivering to one that is being valued for what it is - a potentially scalable disruptive technology.
So how do we value a stock such as this? I believe an accurate way is a peer comparison as reported in page 15 of this investor update. It suggests that peers were acquired at 8-14 x revenue. Given the revenue for 8co is likely to be $4million for FY19 this would value 8CO at 8- 14 x $ 4 million = $32-56 million. I'm not an expert but calculate that to be 24- 40 cents per share. Given that the current share price seems justified and could go higher.
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- Ann: Investor Update
Ann: Investor Update, page-16
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.395M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 200000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.2¢ | 81 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 200000 | 0.031 |
1 | 29999 | 0.030 |
1 | 750 | 0.028 |
1 | 10500 | 0.026 |
1 | 20258 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 81 | 2 |
0.033 | 169569 | 3 |
0.036 | 326723 | 2 |
0.039 | 296000 | 1 |
0.050 | 50000 | 1 |
Last trade - 16.12pm 02/09/2024 (20 minute delay) ? |
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