Agree. I wouldn't go as far to say this is a recession proof product but it's close to it. Drives digitalisation and efficiency which is worth tonnes more than $50 per month. The stimulus measures in Xero's primary geographies should prevent wholesale SME collapse which is the only major risk factor here.
I wouldn't be surprised if they hit $1 million NZD global ARR by December 2020. If that happens $100 SP is well in their sights. The SP at $79 right now looks about right. If anything slightly under valued after the global oil scare.
12 * multiple of revenue at the current growth rates is pretty cheap IMO
Agree. I wouldn't go as far to say this is a recession proof...
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$136.40 |
Change
0.960(0.71%) |
Mkt cap ! $20.81B | |||
| Open | High | Low | Value | Volume |
| $136.52 | $137.38 | $135.44 | $36.87M | 270.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 178 | $136.37 |
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| Price($) | Vol. | No. |
|---|---|---|
| $136.40 | 768 | 1 |
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