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'Total Contract Vlaue' for Q3FY22 is $5.6m, slightly higher than...

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KKLL

344 Posts.

168

25/01/22

12:20

Post #: 59115349
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Originally posted by KKLL: ↑

I have re-watched the 'Paygroup AGM 2021 & FY22 Outlook Presentation' video (posted by pete11 #57897517).

In particular, the section of the video where Rob Dryden (IWS) said IWS contributed $1.2m of the $4.6m TCV in 1QFY22.

Using this information, I have forecast TCV FY22 at $20.9m:
known values (red);
derived values (yellow);
pro-rata values (green);
forecast values (blue); and
ongoing growth of 8.7% per quarter.

I would assume that TCV FY22 of $20.9m converts to around new ARR FY22 of ~$7.0m (3 year contracts)?

Assuming minimal churn, the ARR FY22 is then ~$34.2m (27.2m+7.0m)?

Which is broadly consistent with the PYG 1HFY22 ARR forecast of (at least) $37.0m.

Only ~14 weeks until the end of FY22!

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'Total Contract Vlaue' for Q3FY22 is $5.6m, slightly higher than my $5.4m estimate below. On track ...
PYG Price at posting: 42.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

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