Just a simple valuation using latest enterprise value to revenue stats. Current multiples are around 5.2x, per source below.
(Note this should be conservative as the average revenue growth for this multiple is 26% p.a. K2fly’s ARR growth is consistently above 50%.)
K2F has ARR of around $7.0m ($6.5m at Sept plus $0.55m from two new contracts this week). Multiplied by 5.2x is $36.4m enterprise value. Plus $6.2m cash at Sept is $42.6m equity value.
Implied conservative share price of 25.0 cents. Would be a nice 43% uplift from current levels. Hopefully some further contract wins to boost this even more.
https://developmentcorporate.com/2022/10/24/software-equity-group-3q22-saas-public-market-update/
Just a simple valuation using latest enterprise value to revenue...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $34.58M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $60.26K | 330.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 8080839 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 3559013 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| K2F (ASX) Chart |