Bullish Breakout Incoming, page-4

The above fair value assessment is based on an algorithm that I have developed and run on over 30 ASX listed SaaS companies.

The fair value ARR multiple is based on the following factors (in order of priority):

• 3 Year ARR Growth Rate (CAGR)
• Total Addressable Market (TAM)
• SOI (as a proxy for prudent historical capital management)
• Retention Rate (%)
• Gross Margin (%)
• Lifetime Value (LTV)

You can expect that green LiveTiles dot on the page to:

1. start increasing in size/diameter and
2. start moving further north up the y-axis (higher ARR multiple)...

T.E.P.