TSXV:IQ - Post Discussion
Post by
laurencelefou on Oct 15, 2021 6:26pm
RR of more than 20%!!
A few days ago, AirIQ posted a management presentation. On page 7, management compared three publicly traded telematics companies. Based on that table, AirIQ is the cheapest of the four companies. BeWhere Holdings share price has recently gone up. Enterprise value is now above $30,000,000 and trading at 10 recurring revenue (RR). Blackline Safety share price has dropped and enterprise value is around $350,000,000 and is trading at 13 RR. The enterprise value of TrackX holdings has slightly increased and s trading above 17 RR.
AirIQ is trading at two times RR.
The slide on page 11 forecast an 8% recurring revenue growth rate for what I assume is fiscal year 2021-2022 and a growth rate of ±23% for the following year. If AirIQ achieves this growth rate, then RR for fiscal year 2020-2023 will be around $4,200,000. Enterprise value would be around $21,000,000 (5 times RR) and the share price would be close to $0.65 ($21,000,000 / 31,576,574 shares). Current share price is $0.30.
To reach these goals management has to find new clients. The recent partnership with Fleetio is a step in the right direction.
https://t.co/mTsKHt1okw
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