SKO Chart Thread, page-54

This is getting insane now. There is something funny going on. It might be dumb retail investors from NZ who have no idea how investing works putting their $50 in each.

750m NZD market cap......... The most extreme price to sales multiples are reserved for HIGH REVENUE GROWTH companies (hence why the multiple is forecasted to decrease as revenue grows).

But with Serko we have revenue multiples of 57 (can't do EBITDA or NPAT as it's non-existent).

Even if sales doubled next year it'd still be 28.5

Doubles again the year after and it's 14 - which is still high.

Doubles again the year after and it's at 7 - which is about what I'd put it on now given the slow revenue growth pre covid and corporate travel still uncertain. This is around $112m in sales.

So it's about 8x overvalued or around 80% from Fair value ($1.50)

All IMO, DYOR