Good question @daz1982 . I have been looking into the for other SaaS companies. I think if you used 30% it would be fairly conservative. Once they reach scale it looks more like 40%+ but if you wanted to base your research on 30% it should fall well within the base case of any valuations from a free cash flow point of view. Biggest questions is customer sign ups but i think management will deliver on this front given their experience with Xero and product they are offering which will attract significant interest over the next 12-24 months.
VPC Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
