Trying to hear what's not being said
September 2, 2020 Leave a comment
It’s market cap now is US$129 billion.
Let’s not fuss about its valuation.
It just doesn’t matter that the company is trading on a P/E of 173 or 50 times revenue (2022 consensus estimates).
This is about context.
Last night, in a single trading session, Zoom added a market capitalisation of US$24 billion.
This is equivalent to the whole value of Telstra or the whole of Barclays Bank or all of Ford Motor Company’s market cap.
Rewardingly, one our portfolio stocks, Docusign (DOCU) rose 20%, either in “sympathy” or in anticipation of its upcoming quarterly earnings report.
Heck, DOCU is only trading on 28 times revenue and a P/E of 315.
These are the moments you add to your investing educational memory bank.
September 2, 2020 by Rob Zdravevski rob@karriasset.com.au
Filed under Finance & Investment
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Google account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Notify me of new posts via email.
Enter your email address to subscribe to this blog and receive notifications of new posts by email.
Join 605 other followers
Email Address:
Sign me up!
It’s market cap now is US$129 billion.
Let’s not fuss about its valuation.
It just doesn’t matter that the company is trading on a P/E of 173 or 50 times revenue (2022 consensus estimates).
This is about context.
Last night, in a single trading session, Zoom added a market capitalisation of US$24 billion.
This is equivalent to the whole value of Telstra or the whole of Barclays Bank or all of Ford Motor Company’s market cap.