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Ann: Enterprise Sales & ACV Update, page-51

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    ACV / Revenue multiple may have reached it's equilibrium at the 30-32c mark.

    Based on a sustainable 25% NPAT margin and 40 PE creating a long term price / sales multiple of 10x.

    Using Current ACV as Forward Revenue at $20m with a $200m Market Cap creates a current multiple also of 10x.

    So based on this model we would be able to buy 1:1 sales growth.



 
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