ALU 0.12% $66.77 altium limited

Beat top end of guidance.Rev $221m ($213 - $217M Guided)EBITDA...

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    Beat top end of guidance.

    Rev $221m ($213 - $217M Guided)
    EBITDA $80m ($72 - $78M Guided)
    ARR 31% Growth (Guided 23-27%)

    Now guiding for FY2023 15 - 20% revenue growth coupled with even higher margins of 35 - 37%.

    NPAT assisted by a much lower corporate tax rate.

    Free cashflow well above NPAT, you don't see that very often!

    EPS of about 59c AUD. But that's not the full picture. If you adjust for the fact that all R & D is expensed, and assume half to be capitalised (plenty of companies capitalised a higher %) then EPS is more like 71c AUD. That would equate to a P/E below 30 for a debt free company growing at 20% plus. Fairly compelling.

 
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