Path to unicorn and beyond, page-2

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Tamborine

359 Posts.

15/01/19

19:30

Post #: 37124105

Originally posted by spookj: ↑
Was excited by flash today, so I’ve been doing somecomparisons between LVT and previous/current high growth and high value stocksin tech.
Xero comparison creates some compelling reading, their FY10-FY12position is very similar to LVTs last 2 years, only main difference is LVT isgrowing at a much quicker rate.
NB Xero was valued at $429M at same ARR point (LVT currently$190M)… then Xero went to $1.3B market cap, then $4B in the 2 following FYs atgrowth rates of ~90% (well under LVT current growth rates of 200%+).
Xero currently sitting at $6B market cap.
Canva is private, but in their last raise, at ARR of ~$22Mthey had a valuation of over $1B and they’ve been around for twice as long as LVTto get to the same point, ie a valuation multiple of ~50.
Always some subtle differences in every stock and associatedanalysis.

Xero - Growth Summary

1 NZ$m (March y/end)

2
FY08 FY09 FY10 FY11 FY12 FY13 FY14
3 ARR

6 13 25 52 93
4 ARR growth

117% 92% 108% 79%
5

6 Operating Revenue 0 1 3 10 19 39 70
7 Operating Expenses -5 -8 -14 -18 -28 -60 -86
8

9 Capital Raised 15 0 29 4 36 60 180
10 Cash 10 4 21 17 39 78 210
11

12 Employees 50 56 90 ? 194 382 758
13

14 Market Cap 41 55 140 228 429 1,292 4,084
15 Market Cap / ARR multiple N/A N/A 23 18 17 25 44
Does anyone have any other statistical analysis/insights to compliment my analysis? Are they on track like my research shows?

Expand
A revealing comparison.

LVT Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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	Xero - Growth Summary
1	NZ$m (March y/end)
2		FY08	FY09	FY10	FY11	FY12	FY13	FY14
3	ARR			6	13	25	52	93
4	ARR growth				117%	92%	108%	79%
5
6	Operating Revenue	0	1	3	10	19	39	70
7	Operating Expenses	-5	-8	-14	-18	-28	-60	-86
8
9	Capital Raised	15	0	29	4	36	60	180
10	Cash	10	4	21	17	39	78	210
11
12	Employees	50	56	90	?	194	382	758
13
14	Market Cap	41	55	140	228	429	1,292	4,084
15	Market Cap / ARR multiple	N/A	N/A	23	18	17	25	44

Path to unicorn and beyond, page-2

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3 stocks with antimony news on Thursday

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Forget gallium: MTM says it's extracted gold from e-waste

Chalice jumps on Putin nickel export ban threat – but then there's bad news

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Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

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