Added to YB: 2024-03-04
Pitch date: 2024-03-04
CXZ.AX [bullish]
Connexion Mobility Ltd
-5.36%
current return
Author Info
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Company Info
Connexion Mobility Ltd develops and commercializes fleet management software for the automotive industry in Australia, the United States, Canada, and Mexico.
Market Cap
AUD 14.2M
Pitch Price
AUD 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.79
P/E
7.47
EV/Sales
0.92
Sector
Software
Category
growth
Connexion Mobility - Software Company with Price/Earnings 3x
CXZ.AX: Undervalued SaaS co w/ 80% GM, 3x P/E, strong GM relationship via OnTRAC software connecting 12K users & 720K vehicles. High growth potential despite single-customer risk. New initiatives like Toll Mgmt, Shuttle & RideHail to boost revenue. CEO aligned via share plan. Attractive SaaS model w/ neg working capital, high switching costs & network effects. Forex & GM reliance are risks, but strong GM alliance & product expansion support bullish thesis at $0.021 AUD.
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