5x EBIT For This Mispriced SaaS
Potential multibagger
Good morning.
Today we’re looking at a small-cap SaaS business trading at what seems like a nonsensical valuation.
26% annual sales growth, 89% recurring revenue and minimal churn should demand a premium valuation.
But this business is priced at just five times 2026 operating income.
With new enterprise wins and government contracts starting to land we think the gap between price and reality is simply too wide to ignore.
This a business moving upmarket, opening up opportunities and visibly mispriced.
Let’s take a look…
