Undervalued Microcap @5% of BUD's mcap, page-6

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dontran

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27/12/17

11:07

Post #: 29881445
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Originally posted by 1ronnie ↑

Just an update on BIQ's Valuation

As you can see BIQ mcap on HC is $7.16m but upon completion of rights issue, it would stand at $15.4m assuming all shareholders exercise their rights.

In comparison to 9Spokes Intl (9SP), 9SP has a mcap of A$41.6m , annualised revenue of NZ$4.4m or A$4m as at Sep17 and a loss of NZ$10m, projected to reach NZ$6-7m by end Mar18.

Skyfii (SKF) has a mcap of A$29,3m and projected revenues to hit A$2.6m based on recent guidance for 1H 18 or a projected annualised revenue of A$5.2m with an annual loss of A$4.9m for FY17.

Buddy Platform (BUD) which operates in the same energy management platform space as BIQ has a mcap of $296m, annualised revenues of just A$1.6m and annualised loss of A$6.9m (based on Oct App 4C) although management intimated securing contracts with annualised revenues ranging between A$7-17m.

BIQ on the other hand has mcap post-CR of A$15.4m , annualised revenue of A$5.36m (based on Q3 17 results) and annualised loss of circa $2m with projected annualised revenue reaching A$7.56m by Q2 18 and almost breaking even by then.

The above clearly illustrates that BIQ's valuation is out of sync as it is very much under the radar and is poised for an upward share price revaluation soon.
Just do the maths and you can see relative mcap/revenue ratio
9SP = $41.6/$6.36 =6.5x
SKF = $29.3/$5.2= 5.63x
BUD= $296/$18.6*= 15.9x (* using the maximum in the range)
BIQ= $15.4/$7.56= 2.03x

DYOR!

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Data Winners Holdings: 3DP K2F* LNU BIQ* BTH IXU CT1 SKT
Other Potentials: GSW YOJ 4DS FFG DUB PIQ* TTT

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Been followed this for a while and thanks for the summary Ronnie.

BIQ Price at posting: 9.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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Undervalued Microcap @5% of BUD's mcap, page-6

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