Ann: FY22 Half Year Results presentation, page-38

"ELO is up 10% today following their half year update. They barely have positive EBITDA let alone net profit. The revenue growth is appealing, however I much prefer my money on a safer bet like PYG with solid EBITDA and nearing net profit."

I thought the ELO update was impressive, but gee, it has a big market value already.

For context, here are some PYG vs ELO comparative valuation metrics:




PYG generates one-third of ELPO's ARR and a little under half of ELO's EBITDA.

Yet PYG's EV is a mere one-seventh of ELO's.

While not a prescriptive value indicator, certainly indicative of the relative valuation appeal of PYG.

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