She's trading at something like 12x my cashflow estimate (cash...

She's trading at something like 12x my cashflow estimate (cash on hand changes over 6 months, plus third-party compute costs).
My very non-accountant standard cashflow estimate, mind you. Just simply tracking net cash over the last 6 months.

Certainly not the cheapest multiple but far from the most expensive. Need to see more than 23% YoY (Q3 FY24 update) revenue growth to get that multiple up.

I think the easy money here has probably been made. Can't see a reason to sell now though. Can sit pretty and let it play out knowing they are growing and are already well and truly profitable.