Cash Receipts $2.48m (+86%).
FY20 Cash Receipts of $9.96m (+84% yoy). Market Cap of $101m.
Currently trading at 10x FY20 Cash receipts. However Cash receipts were +84% and 4Q20 was affected by Covid-19 delays. Not cheap at the moment, but if this kind of growth continues then it will look cheap in a year or two.
PC have raised their TP for BID from $1.26 to $1.40 and maintained their "BUY (High Risk)" call. BID is currently trading in the 70s (70c to 79c range), suggesting they could almost double if they were to reach Phillip Capital's Target Price of $1.40.
Phillip Capital Client Note (update): BidEnergy (BID)-Software as a Service: Break-through contract with Origin Energy and FY19 Results