I just bought/sold thread (Part 2)

Stocks
1306

I just bought Pexip Holding from the Oslo Stock Exchange at around 96 NOK. In my opinion, the company is clearly undervalued and I don’t understand why. I just opened a thread for the company and would love to hear some opposition to the case. If no counter-arguments come soon, the company’s weight in the portfolio might become too large :smiley:

Very short summary:

  • SaaS company providing video conferencing solutions, 97% of revenue (Q4 2020 82 MUSD) is recurring SaaS revenue (ARR).
  • SaaS revenue has grown at an average of 70% annually (CAGR) during 2013-2020, and the company has a long track record of profitable growth.
  • The company has clear competitive advantages and customer retention is very high as a result.
  • The company is priced at ~50% discount compared to the Nordic peer group measured by EV/S multiple.
16 Likes