APX, the next ISD or FGO???, page-6

There is no guidance by the company to grow EBITDA 18 to 28%.
Appen could bounce back but not if pricing pressure intensifies. The large companies e.g. Google hold all the power here. My concern when first buying into Appen was what happens when Google decides to move some of this work in-house and that has already partially started happening so I was out on the last report results. The other problem is Google etc will ensure that margins are low for Appen because if the margins are high enough they can do the work themselves and keep the profit. Very difficult to value a company and yes with the information currently on hand, $1 is ludacris. I think a PE of 10 is a safe bet even if the company stopped growing EBITDA so that would be a base level starting point.