Interesting Nearmap can sustain valuation of $650M Enterprise Value with total revenue of $54M in FY18 and ARR of $67M, suggesting multiple of 9.7 x ARR(or ACV). Nearmap is still loss-making like Catapult, losing $11M in FY18 (Catapult had loss of $17M in FY18 as comparison).
Catapult had revenue of $76M in FY18 and ARR of $53.4M and targeting to reach at least $64M by FY19. Even at ARR of $53.4M last year and using 9.7 multiple, it should be trading at $488M Enterprise Valuation today, which suggests a share price of $2.88 today considering Catapult has cash of $32M.
Significantly undervalued in my opinion considering that the nature of the recurring revenues for these 2 companies are quite similar and both operating in the tech space.
But no matter what I say...it will still stay below $1.10..because the market is inefficient..
Valuation Comparison
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Last
$2.38 |
Change
-0.050(2.06%) |
Mkt cap ! $664.9M | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.38 | $2.333M | 957.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3072 | $2.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 6333 | 13 |
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| Last trade - 11.48am 14/10/2024 (20 minute delay) ? |
| CAT (ASX) Chart |