“….Tutoring Australasia, the privately held Australian online tutoring company, will decide by year end if it will pursue a second capital raise to accelerate growth, said CEO Jack Goodman. The company’s current valuation is around AUD 10m-plus based on multiples of two to three times revenue being common in this space, he explained. The Sydney-based company hired MAP Capital and sold a minority stake worth a ‘few million’ in December last year to high net worth individuals, and is likely to hire MAP Capital again in the event of a deal, he said…..”
Applying this very crude revenue multiple to KME generates an enterprise value of between $24m and $36m
KME Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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