Yes, I agree. It is a decent business.
It was recently discussed on Friday on ****** by Claude Walker.
Difficult to know if it is a buy for me.
Obviously, the stock is cheap for a SAAS company with an EV/EBITDA of around 10 and a free cash flow yield of 5 %+.
Readytech has reached a high level of profitability (EBITDA margin around 40 %, in particular due to development costs which are capitalised and not expensed).
So what are the problems/risks :
- rather slow growth for a SAAS (10 % organic),
- not obvious to understand if they have a strong differentiation with a lot of existing competitors, in the HR, payroll business.
Except Microequities (which owns around 11 %), there are not yet many fund managers interested in this stock.
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Last
$2.85 |
Change
-0.030(1.04%) |
Mkt cap ! $341.5M |
Open | High | Low | Value | Volume |
$2.85 | $2.86 | $2.78 | $1.302M | 457.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4084 | $2.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 17918 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4084 | 2.830 |
2 | 5639 | 2.750 |
1 | 1364 | 2.200 |
1 | 487 | 2.050 |
1 | 370 | 1.900 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 17918 | 2 |
2.910 | 17 | 1 |
2.920 | 1598 | 1 |
2.930 | 330 | 1 |
2.940 | 340 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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