I think Xero initially took a hit partly took a hit due to its subscriber base being SMEs. I partly agree that people are making a shift to cloud-based accounting software, but this trend is happening regardless of COVID.
Yes a 20x ARR multiple is quite expensive! a subdued 23% growth is kind of expected imo due to the make up of the subscriber base. Not many SMEs feeling confident and not many people being entrepreneurial, getting out, and starting new businesses.
$127 estimated opening price.
Ann: Investor Presentation H1 FY21, page-7
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Last
$171.00 |
Change
9.450(5.85%) |
Mkt cap ! $26.11B | |||
| Open | High | Low | Value | Volume |
| $164.96 | $172.94 | $164.78 | $166.2M | 973.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58 | $170.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $171.00 | 14988 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| XRO (ASX) Chart |