I agree the recent growth in the share price of Prophecy has been phenomenal. However, I believe it has been justified given the rapidly growing nature of the SaaS business that emite is in alone. I believe there is a lot further to go.
Valuing SaaS-based companies, by traditional metrics, is hard. However, the value of comparable companies is considerably more more than the 10X ARR of emite that Prophecy is currently valued at. For example, Dubber is an ASX-listed SaaS company that is valued at $1 billion. That is approximately 22 x ARR reported for the last year. Other SaaS companies in the exponential phase of their growth have been valued at 30X or 40X ARR. Do you own research but I believe the growth in Prophecy has a long way to go.
I agree the recent growth in the share price of Prophecy has...
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Last
87.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $64.05M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 87.0¢ | 87.0¢ | $4.861K | 5.587K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29413 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 5521 | 2 |
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| Last trade - 14.25pm 28/06/2024 (20 minute delay) ? |
| PRO (ASX) Chart |