Yes FCL is on sub 2x revenues and looks cheap but I argue this will not re-rate unless growth pick up meaningfully. And how do they growth if they don't invest? OK they're EBITDA and FCF positive but subsription growth slowed from 20%+ to 6-7%. This was trading at $4/sh at some point so this is clearly not the right strategy
Yes Guidewire is on 13x revenues but they're growing A LOT faster on a much larger revenue base. They are also investing a lot more than FCL. As Guidewire continues to scale, they can continue to push investments and gain market share
Thoughts?
Yes FCL is on sub 2x revenues and looks cheap but I argue this...
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Last
$2.31 |
Change
0.100(4.52%) |
Mkt cap ! $781.9M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.31 | $2.17 | $336.7K | 149.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8134 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 23696 | 4 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| FCL (ASX) Chart |