Hard to fault Audinate's results today, let alone a 20% share price jump. Not bad for a >$1 billion company!

I guess there's a reason it's the most heavily owned stock across Strawman :)

(I only wish I had the same good sense to buy..)

Another example of giving high quality businesses a lot of rope in terms of valuation. Especially as they demonstrate effective scaling!

The P/E looks pretty high, but Audinate grew gross profit by 34% last year and said today that they expected similar growth in FY24. So a bit of extrapolation on costs would suggest they should more or less double full year EBITDA. And there's still a lot of runway ahead for them.

I will have a crack at a very basic valuation.