Three-minute pitch #14

+50% grower at an extremely low valuation.

Hello, Ultimate Value readers!

I am back with a new idea today. Here are some of the takeaways:

• Extremely under-the-radar, with no public write-ups.

• US-listed, with a market cap of ~$90m USD.

• ADTV over the past 3 months has been $2.7m (although most volume shows up during earnings).

• Revenue growth has accelerated and exited Q4 at a +50% YoY growth rate.

• It’s very asymmetric. Over 80% of the market cap is in net cash, and the business is valued at 0.2 EV/sales.

At a 1x EV/sales multiple, this could have a +100% upside over the next 12 months.

Let’s take a look.