RE:Look at their latest presentationI'm a big believer in SPOT, but take these metrics with a grain of salt. In a normal world consulting companis should not be trading at 50x earnings, and software companies should not be trading at 90x earnings. Looking at Apple, arguably the most successful software company ever, historical trading average is somewhere between 15x and 20x earnings.
SPOT could trade at higher multiples than 15-20x at some point, if they show outsized growth for a few quarters, but more realistically they'll end up in a more moderate range at some point. At least that is my expectation. Wouldn't complain if it trades higher; just don't expect it.
pd11474 wrote:
https://www.goldspot.ca/wp-content/uploads/2021/06/2021.06.02-GoldSpot-Corporate.pdf
It mentioned the following in the slide:
• GoldSpot trades at 7.5x earnings
• Consulting companies trade at 50x
• Software companies trade at 90x
• GoldSpot is significantly undervalued, regardless of metric
• 3 potential acquisitions currently being reviewed
Lots of upside for years to come.