Valuation Comparison, page-76

https://www.copyright link/business...profit-is-so-2018-say-bankers-20181214-h1951a

In Australia, it's taken the market longer to be willing to value a company on a multiple of revenue rather than earnings, but I think we are starting to see that evolve," said Ms Rennie.

For example, Mr Scevak said, listed companies were beginning to disclose metrics more commonly used in private markets, such as cohort data, net revenue retention and churn rates. He noted cloud accounting software group Xero was one firm that did so, but often selectively, and he would like to see it become more regular.

Eventually, we shall see Catapult valued properly.