Mach 7 (ASX:M7T) has just bought eUnity which is an enterprise imaging business for AUD $41mill cash. eUnity's contracted annual recurring revenues (CARR) are $4mill, implying a ~10x CARR valuation multiple.
IME currently has CARR's of $9.2million, using the same valuation multiple, IME would be valued at $92mill or $99mill including cash of ~$7mill. Which is equivalent to 8.25cents per share (with 1.2billion shares on issue)
We currently have a $35mill market cap, which suggests that we are copping a 65% discount on the valuation multiple. I can only guess that the market is discounting South American contracted revenues.... but 65% seem's to be a pretty steep discount.
ImexHS Valuation
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Last
50.0¢ |
Change
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Mkt cap ! $22.76M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37163 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 7500 | 1 |
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| Last trade - 16.12pm 06/05/2024 (20 minute delay) ? |
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