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.
Broker and Media coverage, page-85
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Last
$1.43 |
Change
0.030(2.14%) |
Mkt cap ! $337.8M |
Open | High | Low | Value | Volume |
$1.45 | $1.57 | $1.39 | $19.72M | 13.23M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 100606 | $1.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 6375 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 66673 | 1.420 |
4 | 62931 | 1.415 |
7 | 220375 | 1.410 |
2 | 15050 | 1.405 |
7 | 133333 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.430 | 32149 | 6 |
1.435 | 5823 | 2 |
1.440 | 22800 | 2 |
1.445 | 13335 | 2 |
1.450 | 6408 | 1 |
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