@whitelist1
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from memory when I did the math a while back, similar industry players CNQ and PWN have EVs around 2x and 4x revenue. Lower total revenue and faster cash burn. I have no experience in M&A or anything like that. I was once involved in the sale of a small insurance broker that was valued at 3.5x revenue but totally different industry and that company was also profitable so that makes a difference too. DEM seem to have a lot of recurring revenue and a path to growth that is coming to fruition (slower than I’d like). You no doubt have more experience in valuations than I do. I was just being relative to my own knowledge and research and thought a 2x revenue or more was realistic. Historically DEM has traded above 2x (3x?) as well. I might be being a bit amateur in my approach. Thanks for taking the time to reply.
@whitelist1reply button wasn’t workingfrom memory when I did the...
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