Procore vs Conject vs Aconex, page-2

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Oscar09

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21/01/17

12:52

Post #: 22048145
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Originally posted by bob52 ↑

Procore is reckoned to be Aconex major compeditor, so I thought that I'd research and compile a comparison of stats for Procore vs Conject vs Aconex.

I've normalized everything to Aussie dollars and to calendar years (just because that was easiest) and had to make some estimates, but should be close enough. Would welcome any comments re errors, etc.

Looking at the graph, what's very clear is that if Procore's Price/Revenue is correct, Conject was a steal and Aconex is currently way, way undervalued.

PROCORE

Founded 2003

Dec 2016 got A$66m VC funding

Total VC funding now totals A$236.3m

End Dec 2015 valuation A$660m

End Dec 2016 valuation A$1.32b

CY12 Revenue A$4.8m

CY15 Revenue A$40m (estimate)

CY16 Revenue A$72.6m (expected)

Currently ~700-employees

Claims 1.5 million users worldwide,

Claims clients in 92 countries.

Plans first foreign offices in Canada and Australia soon

http://www.forbes.com/sites/amyfeld...corn-status-after-50m-fundraise/#79a94066c268

CONJECT

Leading Euopean Construction Collaboration platform

Founded 2000 in Germany

Approximately 210 employees

12 offices in 9 countries.

Customer base of more than 670 owners/operators/contractors

Users in approximately 50 countries.

CY15 revenue of A$36.1m and EBITDA of A$1.1m

CAGR 18% over last three calendar years.

FY15 73% gross margin 3% EBITDA margin

Aquired by Aconex for A$97 million on 1 April 2016

Forecast 15-20% revenue growth for next four years

Forecast 70-72% gross margin, near term

Forecast 73-75% gross margin, medium term.

Forecast 11-16% EBITDA margin, near term

Forecast 20-25% EBITDA margin, medium term

https://www.aconex.com/news/press-release/aconex-completes-acquisition-conject

ACONEX

Founded 2000

41 offices in 22 countries

More than 60,000 user organizations

4.8m users in more than 70 countries

> $1 trillion of project value to date

Dec 2015 EV A$895m

Dec 2016 EV A$1b

CY15 Revenue A$99.5m

CY16 Revenue A$135.2m (expected)

http://investor.aconex.com/FormBuil...le/ACX-FY16-Results-Investor-Presentation.pdf
View attachment 421091

Expand

Thanks, No mention of profit.
What is the profit comparisons of these companies if I may ask?
Only if you have time.
ACX Price at posting: $5.63 Sentiment: None Disclosure: Not Held
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0 Great analysis

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Procore vs Conject vs Aconex, page-2

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