agree, however market cap is $5bil and the addressable market in revenue is $2-3Bill(with PME thinking they have the majority of this possible after 20 years or so). So in 20 years the sp will be $2bil x 10 times revenue(typical for a mature Saas like salesforce) = $20bil. Current price is $5bil, so another 4 times is possible in 20 years or around 15-20% per annum simple interest(still a good return) but of course it may not reach those estimates in which case the current price is very expensive.
basically this is being priced like an early stage salesforce for the healthcare market. Salesforce has gone from nothing to almost $300 a share at one point. Time will tell if the market is right.
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$327.98

agree, however market cap is $5bil and the addressable market in...
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Last
$327.98 |
Change
-2.500(0.76%) |
Mkt cap ! $34.26B |
Open | High | Low | Value | Volume |
$325.25 | $332.42 | $325.10 | $53.80M | 163.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10 | $327.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$327.98 | 1708 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10 | 327.000 |
1 | 92 | 326.680 |
1 | 100 | 326.560 |
1 | 79 | 326.550 |
3 | 925 | 326.000 |
Price($) | Vol. | No. |
---|---|---|
327.980 | 1708 | 1 |
330.500 | 250 | 1 |
330.790 | 100 | 2 |
330.850 | 70 | 2 |
330.900 | 155 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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PME (ASX) Chart |