Spark Plus, a leading Singapore based corporate advisory firm, recently published a detailed research report on Aspermont (ASX:ASP) which can now be accessed via this link.
The Spark Plus analyst, Cyprus Sia, interviewed key Aspermont management and made industry peer comparisons with other media/technology companies.
Spark Plus highlights re Aspermont: -
The research report comprises 13 pages of detailed analysis. Spark Plus considers three SaaS metrics that best show Aspermont's performance and key audience strengths: -
Spark Plus concludes that: -
"The market has overlooked Aspermont's business transformation as the company trades at a steep 90.6% discount to its peers. The correlation study on PS ratio and revenue growth YoY of the SaaS peers suggest a direct relationship is appropriate. By linear fitting Aspermont 16.73% YoY revenue growth, we obtain a forward PS ratio of 6.38 which suggests a market capitalisation of $92.8M, some 6.79X the current $13.7m capitalisation. We expect Aspermont to achieve a higher capitalisation as the market increasingly understands the SaaS model and the data driven business lines moving forward"
Click here to read the full report.