XRO 0.48% $145.32 xero limited

News: XRO Xero Reports FY Net Profit Of NZ$19.8 Mln, page-31

  1. 198 Posts.
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    it's a phenomenal business. It's been a disastrous year for small businesses with Covid but still close to 20% growth and accelerating massively in 2nd half. That is the trajectory for Fy22. Bring it on ! Some silly, uninformed comments around only making $20m profit. Why would they bank profit when they can reinvest and earns multiples in ltv. The SP has been v high, trading at 20+x revenue. Not surprised to see a pullback but suspect it will surge back over the coming months. In any case immaterial if you believe in the long term value of this business. If it keeps on growing at 20%+ each year will be $500+ sp 5 years from now. That will be a 20 bagger for me.
 
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