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).
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.
Great time to be in SAAS as well, multiples have never been so...
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Last
9.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.82M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52314 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 55066 | 2 |
View Market Depth
| Last trade - 16.12pm 26/04/2024 (20 minute delay) ? |
| K2F (ASX) Chart |
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