I am bullish on modular education and I see Coursera being a good position to benefit from this trend.
Financials :
| Particular | 2019 (In Millions) | 2020 (In Millions) | Change |
|---|---|---|---|
| Revenue | 184.4 | 293.51 | 59.17% |
| EBITDA | (43.26) | (56.61) | 30.08% |
| Net Profit | (46.71) | (65.3) | 39.7% |
| Operating Cashflow | (21.33) | (14.99) | 30% |
| Total students | 46.4 | 76.6 | 65.08% |
I am not impressed by the increase in losses even when revenue increased a lot. Most of it has been increase in marketing and it have to been if the marketing expenditure is worthwhile. I am also kinda hesitant about the increase if the new revenue of the company is sticky or just a pandemic spike and will be followed by tepid growth (for a tech company)
Bloomberg is reporting a 5 Billion Valuation, which comes around 17X TTM Sales. Close to SaaS multiples without SaaS margins. (52% gross profit.)
Submitted March 14, 2021 at 02:16PM by Outside-South5454 https://ift.tt/3bNcgjm
