APX 3.03% 48.0¢ appen limited

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  1. 2,922 Posts.
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    It's only undervalued if the expectations of current share holders are correct, which is that appen is the industry leader and will grow with the industry. Have a look at Claude Walker's comments on appen (his site a rich life, and aus biz), he said very clearly valuing appen on ebitda/sales/npat is a fallacy (what you and many others are doing, and myself previously) if you don't look at what's going on behind the business. The half year report strongly supported all his points. My impression is competitors have tech they don't, soon they won't be the leader, and the mega caps purposely take their spend to competitors to force pricing pressure. Assuming they deliver on this year's guidance, what about next year, and the year after that? Market is likely expecting revenue to go backwards, which if true it's still overvalued.
    Last edited by chad987: 09/10/21
 
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