Very very loose comparison so take the following with a grain of salt.
iiNet was taken over by TPG in 2015 for $1.56bn. iiNet reported revenue of $1.18bn in 2015 and had 989,000 broadband customers. Takeover price was therefore ~ 1.3 x revenue.
ABB forecasting revenue of $338m for FY21 and 368,000 customers. Using iiNet takeover multiple of 1.3 x revenue this gives ABB valuation of $440m or $2.30/share.
Note iiNet turned a $70m profit in 2015.
I’m a customer and can only hope I get an allocation.
