Taking a step back, we notice:
Historical average EV / Sales multiple: 6.94x
Multiple today: 3.15x
I explain my research on them and 24 other listed Saas small cap companies in this article: https://goforgrowthco.substack.com/p/todays-growth-multiples
Even if there was a callout that first quarter will be soft, yearly growth was very strong, and were expecting good growth also next year.
So on the back of this, if markets take shape again during that time, there’s upside potential on valuation uplift alone.
Ann: IKE Q4 and FY23 Performance Update Presentation, page-14
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Last
45.0¢ |
Change
0.035(8.43%) |
Mkt cap ! $72.17M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 45.0¢ | 41.5¢ | $8.066K | 19.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2325 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 10493 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IKE (ASX) Chart |