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Based on the 30 Jun 21 result CCR is trading on a revenue...

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    Based on the 30 Jun 21 result CCR is trading on a revenue multiple of 10x after around 70% growth last FY. Digital revenue made up about one third. Moving forward you get:

    • Significant increase in revenue growth
    • Significant increase in the proportion of digital revenue

    These should result in an increase in sp from higher revenue plus higher revenue multiple from higher growth and margin.

    If CCR gets the same domestic growth this FY it brings revenue to about $18.5m, add $10m from new Techub agreement (not sure if this is realistic in year 1) and apply a multiple of 15x revenue gets the sp to about $1.90.


 
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