Updated peer comparison as at 19/07/2023:Trading at a 3x revenue...

Updated peer comparison as at 19/07/2023:



Trading at a 3x revenue multiple on an assumed $4.5 million annual revenue which is below both the median and mean of peers.

Still lots of upside to come. Trading at a 4.5x TEV/rev multiple would put us at a market cap of $20.25 million or 2.95c per share. I still think that's a conservative target due to the revenue input which could be a lot higher than $4,5 million on an annual basis, and 1CG is probably entitled to a higher multiple given it's growth trajectory which exceeds its peers.

This is all my opinion - DYOR