K2F
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0.00% 18.8¢ k2fly limited

Great time to be in SAAS as well, multiples have never been so...

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  1. NonPolar
    318 Posts.
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    04/07/20
    18:40
    Post #: 45646021
    Great time to be in SAAS as well, multiples have never been so high - median multiple is 11x revenue and average multiple is 18x revenue.

    K2Fly is obviously still smaller than average , though has a higher growth rate at around 50% p.a. (compared to 25% in that dataset with 11x multiple).
    https://hotcopper.com.au/data/attachments/2273/2273277-2624fa950be3030e122940e2bc7247b7.jpg
    Source: https://medium.com/@sammyabdullah/saas-revenue-multiples-are-unbelievable-871300f6dc01

    With $3m in cash, K2Fly's Enterprise Value is around $15m, which suggests to me it's at the very least 50% undervalued.

    Perhaps the 4C, or an early trading update, will be the trigger to get us up and out of the current trading range. Very safe buying at these levels I reckon.
    K2F Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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