Broker and Media coverage, page-85

Thanks for that - I don't know why many use P/E on Appen, except for the obvious positive fact that they're a rare example of high-growth tech with profitability. Maybe others are more familiar with the historic valuation of APX as I'm only a relatively new holder, but I'm surprised it's not sitting around about 10x revenue, which would give a market cap of about 6bln - 6.5bln in 2020, then with perhaps 25-30% growth again in 2021, you're looking at a 2021 market cap of about 8bln, give or take. The takeaway is that at a valuation of 10x revenue there could be around 100% upside even from these levels over the medium term. Considering the ridiculous Price/Sales multiples people are paying for crappy BNPL operators or other unprofitable tech companies, I would say there is a valuation disconnect with this stock that presents a solid opportunity.