Despite seeing still triple-digit growth, Pointera's share price has been declining drastically. This goes against fundamental investing here higher revenue and profitability tend to result in higher share prices.
Translated into AUD, Pointerra currently has an ACV of $23.43M. Against its enterprise value of 124.2m, the EV/ACV is 5.3x. I don't think it's a high multiple for a business that's growing so quickly. Also, Pointerra is already self-funding its organic growth by being cash flow positive.
In fact, it feels undervalued. If we are trying to use EV/S instead, the price multiple will be a lot higher. Currently, the YTD FY22 cash receipts is roughly $6.2M. Even after annualising it to a full year, it will be less than $10m AUD. This means EV/Sales could be 10x or higher.
Any thoughts from the rest? What are we missing here?
Ongoing share price discussion, page-219
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| Open | High | Low | Value | Volume |
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