Professional
Added to YB: 2024-06-17
Pitch date: 2024-06-17
WRK.AX [bullish]
Wrkr Ltd
+316.67%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
Wrkr Ltd, together with its subsidiaries, provides software as a service to solve compliance needs for companies to process pay, superannuation and SMSF contributions, onboard new staff and contractors, and check credentials of new employees and contractors in Australia.
Market Cap
AUD 237.0M
Pitch Price
AUD 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
-70.42
P/E
-78.67
EV/Sales
29.01
Sector
IT Services
Category
growth
Hurdle Rate - Wrkr (WRK.AX)
WRK.AX: Aussie reg tech co w/ critical infra (STN/ESA gateways, AFSL). Complypath acq in '21 pivotal - CEO Lund (ex-PwC) drove strat refresh. Key risks: convert note, big contract reliance. Major growth oppty w/ Rest Super ($11M pot.), payday super (500M events), KPMG ($1M pot.). Targeting EBITDA+ FY25, $30M rev & $6M NOPAT in 5yrs realistic but risks remain. Trades at ~3.5x FY24E despite promise.
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