Just found a link to the 8x8 Investor Presentation:
Extract from http://investors.8x8.com/events.cfm
Summer of 2010 : VoIP Valuations Rebounding
June 16, 2010 : Broadsoft (Nasdaq: BSFT) goes public at an enterprise
value (approximately $200 million) or approximately 2.9x 2009 revenue
($69 million)
July 16, 2010 : YMAX/magicJack (Nasdaq: CALL) consummates reverse
merger into VocalTec. At $30 per share, the enterprise value
(approximately $325 million) is 2.6x 2009 revenue ($124 million)
August 9, 2010 : Skype files S-1 ? assuming valuation equates price paid
to eBay in 2009 Skype will trade at an enterprise value of approximately 5x
2009 revenue
8x8 only used revenue valuation metrics for the three companies listed
above because none of these companies generated net income in 2009.
These valuation metric are huge! SEVEN is currently offering something like 0.43x for ENGIN's 2010 revenue of $21m.
If we used something like 2.5x 2010 revenue for ENGIN (ENG) then we should be considering an offer more like $4.03 per share, not $0.70 (based on 13m shares on issue)!!
Bastards!
- Forums
- ASX - By Stock
- ENG
- summer of 2010 : us voip valuations rebounding
summer of 2010 : us voip valuations rebounding
Featured News
Add ENG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online