RE:CWL's multiples are very low, EV-to-adj. EBITDA < 1xExcellent Q4 report despite Coronavirus.
stockfy wrote: CWL's adjusted EBITDA for the nine months of FY 2020 was C$4.5 million and at the worst case scenario adjusted EBITDA in FY 2020 will be about C$6 million.
CWL's cash exceed debt by about C$12.5 million, so CWL's Enterprise Value is about C$4 million now.
So CWL's EV-to-adj. EBITDA is less than 1 times.
and CWL's EV-to-Revenue is less than 0.20 times.
The American peers like Manpower (MAN) and Robert Half (RHI) and BG Staffing (BGSF) have much higher ratios.
And the new entries such as Upwork (UPWK) and Fiverr (FVRR) have even higher ratios than MAN, RHI, BGSF.