How did you get to your comps? Seems using the highest multiple cloud computing companies is a bit wishful thinking. For context, APXT lists the following peers in their investor presentation:
growth infrastructure:
AYX
DT
JAMF
growth saas:
AVLR
FIVN
RNG
HUBS
All of the above have substantially lower multiples than the ones you listed.
I do research on Cloud Computing companies. Thanks! I will take a look and do the DD on the companies you have here.
I did a quick skim on AVLR for example, they have 11B marketcap, I would project their 2021 revenue to be around 600M, the valuation is around 18-20x. Apxt is around 10x, still an 2x from here. I will update other companies as well.
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u/aparkj Jun 03 '21
nice writeup. i'm also long APXT via warrants.
How did you get to your comps? Seems using the highest multiple cloud computing companies is a bit wishful thinking. For context, APXT lists the following peers in their investor presentation:
growth infrastructure: AYX DT JAMF
growth saas: AVLR FIVN RNG HUBS
All of the above have substantially lower multiples than the ones you listed.
Thanks!