Yes, I agree. It is a decent business.
It was recently discussed on Friday on ****** by Claude Walker.
Difficult to know if it is a buy for me.
Obviously, the stock is cheap for a SAAS company with an EV/EBITDA of around 10 and a free cash flow yield of 5 %+.
Readytech has reached a high level of profitability (EBITDA margin around 40 %, in particular due to development costs which are capitalised and not expensed).
So what are the problems/risks :
- rather slow growth for a SAAS (10 % organic),
- not obvious to understand if they have a strong differentiation with a lot of existing competitors, in the HR, payroll business.
Except Microequities (which owns around 11 %), there are not yet many fund managers interested in this stock.
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Last
$3.25 |
Change
-0.010(0.31%) |
Mkt cap ! $389.4M |
Open | High | Low | Value | Volume |
$3.26 | $3.26 | $3.22 | $45.49K | 14.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | $3.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.25 | 1491 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 317 | 3.150 |
1 | 305 | 3.100 |
1 | 4000 | 3.050 |
1 | 990 | 3.020 |
1 | 400 | 3.010 |
Price($) | Vol. | No. |
---|---|---|
3.290 | 1000 | 1 |
3.300 | 1300 | 2 |
3.320 | 253 | 1 |
3.330 | 1995 | 1 |
3.340 | 15980 | 1 |
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