Here's some facts for you
$13m forecasted revenue for FY21
Let's say it doubles in FY22 to $26
Then doubles again in FY23 to $52m
The price to sales ratio is still 13-1.
Compared to other tech stocks on the ASX this is wild. All for a company that's operating in an industry which, let's be fair, isn't necessarily going to return to 'normal' in a flash.
I'm not saying it's a horrible business, it's just tremendously overvalued. Anyone with a sense of how numbers work can appreciate that. It's priced for perfection in other words, and then some.
Ann: Booking.com for Business Partnership, page-22
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$3.40 |
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Mkt cap ! $416.5M | |||
| Open | High | Low | Value | Volume |
| $3.40 | $3.40 | $3.40 | $13.03K | 3.835K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $3.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.42 | 800 | 1 |
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