APX, the next ISD or FGO???, page-5

@Invest-666, do you know how to value a company? (genuine question)

$1 would correspond to a market capitalisation of $123 million, which would equate to a PE ratio of 0.7x (using EV & underlying NPAT). Have you ever seen a company with guidance to grow EBITDA 18-28% YoY, with a PE ratio under 1x?

• Sound financial health
• Delivering consistent profitable growth
• $78m in cash
• No net debt
• Consistent return on capital > 10%
• Industry growing at >20% CAGR
• Market leader
• Strong insider (management) ownership
• 30%+ recurring revenue (SaaS) and growing
• Projects with major clients (top 10 tech giants) grew more than 30% YoY in CY2020

It is almost impossible to predict the bottom, but claiming sub $1 within a year suggests you are either being malicious (towards the uninformed) or don't understand share market basics. I will give you benefit of the doubt and believe that it is the latter.

We are much closer to the beginning of the AI/ML journey than we are to the end.

Appen will bounce back.

T.E.P.