Have been interested in APX for a while and jumped in today at low $35. Having read through the company's info and performance I'm surprised it's not trading at a higher multiple - I'd have thought at least 10x 2020 revenue would be pretty reasonable for a company with the figures it currently has and a bright future. Assuming 2020 revenue at say $630m - $650m, it's only sitting at about 6.5x revenue as we near the fourth quarter. When you look at some of the rubbish that is priced at 15x, 20x and 25x revenue, even factoring in higher growth rates, APX multiple seems a bit low.
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2 | 20716 | 1.395 |
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