Nice artice @Wini - I have to agree that they all appear to offer great value but have been personally burnt. Buying just before the SaaSpocalypse towards the end of last year was not ideal timing. Hoping that the market begins to recognise the value in RTH's growth prospects. I had not come across EYE before so will definitely be doing some DD on this one based on your article - thanks for the heads up!

Thanks for the article. What struck me while reading it is how cheap some of these ASX microcap companies are.

I understand some of the reasons: unproven products, lack of profitability, interest rate rises (making delayed future returns less valuable), lower liquidity and generally higher risks. But still it's hard to look past a company like RTH trading at 1xEV to ARR, growing at 30% and making a profit. There have certainly been times when the market seemed much more optimistic about such companies.

Sure there are risks, but I think if you buy 5 or so companies with similar metrics, the odds of outperforming the index over the medium term are very high IMO

For what it's worth, Claude agrees with me: