REA results make for some interesting reading when looking for...

REA results make for some interesting reading when looking for comparison valuations for OTH.
With a market cap of over $5.6Billion some of their key metrics were up from the previous year the metrics valuations look interesting. With revenue of $437.5m, EBITDA of $225.1m and EPS of 113.7 these could be useful benchmarks for OTH. While there is likely to be a number of factors that REA trades at higher multiples OTH's current market cap looks low given peer comparisons. IMO OTH revenues could be north of $30m when reporting is made (assuming 2H14 was better than 1H) and EBITDA should be north of $8m if expenses have been well managed and internal investments went to plan. Given that OTH now has no debt and $4.4million of cash in bank (as at 31/12/13) does it continue to stock pile cash, invest, buy and pay a dividend? While some might not like the concept of dividends OTH has to make the case for stock piling of cash if it does not have any meaningful investments. On a peer valuation basis and even assuming a heavy multiple discount OTH looks under valued.