As the announcement states Prophecy is uvery undervalued relative to companies of a similar nature on the ASX.
One of these companies is Dubber Corporation. This SaaS business has $34 million of ARR and the yoy growth has been approximately 150%. At $800 million capitalisation it trades at al multiple of 24 x the current ARR.
By comparison the emite division of Prophecy has an ARR of $7.8 million and grew at 75% in the last year. Given the valuation of Dubber you could justify a valuation of 12x ARR for emite. 12 x 7.8 million =$93 million. Given that the valuation of emite could justify Prophecy being over $1.50.
Do your own research but this share has been under the radar. It will be interesting to see if it gets suddenly discovered with this result.
As the announcement states Prophecy is uvery undervalued...
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Last
91.0¢ |
Change
0.005(0.55%) |
Mkt cap ! $66.99M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 91.0¢ | 90.5¢ | $22.94K | 25.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2310 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 7500 | 2 |
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| Last trade - 14.58pm 09/07/2024 (20 minute delay) ? |
| PRO (ASX) Chart |