Your using a ship builder with over 150m in loans as an example...

Your using a ship builder with over 150m in loans as an example against a SAAS company? Yeah ok mate. If LVT had 800m in revenue it wouldnt be just 52m profit, it would be above 500m profit . Also the fact that it has 150m in loans and last yars revenue and profit dropped over %25 then its easy to see why MC dropped below revenue. Its getting to the point where it might not be able to service its loans. Something LVT has no problem with. You used a very ridiculous example.

SHow me a SAAS company that is profitable and growing and has multiple of 1

Two reasons why MC dropped on LVT. First major one was court case and second was churn rate during covid increasing a lot. If we trust what they said in the call them both are clearly behind us.