Yes FCL is on sub 2x revenues and looks cheap but I argue this will not re-rate unless growth pick up meaningfully. And how do they growth if they don't invest? OK they're EBITDA and FCF positive but subsription growth slowed from 20%+ to 6-7%. This was trading at $4/sh at some point so this is clearly not the right strategy
Yes Guidewire is on 13x revenues but they're growing A LOT faster on a much larger revenue base. They are also investing a lot more than FCL. As Guidewire continues to scale, they can continue to push investments and gain market share
Thoughts?
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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Last
$2.78 |
Change
0.130(4.91%) |
Mkt cap ! $941.1M | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.82 | $2.61 | $442.5K | 162.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4100 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 996 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| FCL (ASX) Chart |