DSE 2.32% $3.53 dropsuite limited

Just reading through the LVT announcement today and drawing...

  1. 148 Posts.
    lightbulb Created with Sketch. 20
    Just reading through the LVT announcement today and drawing comparisons to DSE.

    Similar business models/industry, similar growth rates.

    DSE is however much closer to breakeven, more diversified customer base but trades at a discount to LVT.

    LVT currently trades on 16.6x annualized revenue compared to DSE at closer to 11x (based on 400 k customers at around $1 per month).

    At 16.6x, DSE should be trading at $0.166, which is >50% upside.

    Looks like there is still plenty of upside from here
 
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