PayGroup (ASX:PYG): the best kept secret in human capital management, page-5

Hi Pete. I did this a few weeks ago so information may be slightly outdated.

FY22 PE ratio (using EBITDA)

ARR = 37M

EBITDA = 5.55M (estimate of 15% margin)

SOI = 115M

15 = x / 0.04826

x = 0.72

Share price fair value =72cents

Note: A PE ratio of 15 is common. EBITDA margin of 15% is below previous financial year (even though company has announced they are looking to enhance margins), so this is conservative.