Payment infrastructure companies trade at higher revenue multiples than even best-in-class SaaS. top 10 SaaSīecause of its frothy 43.1x NTM revenue multiple, investors have overlooked Coupa - despite the fact that it spent most of 2020 trading as an expensive software stock, but cheap payments stock. While, the company's subscription revenue segment grows at a modest 31% y/y, Coupa Pay (should be valued as a payments company) is at an inflection point in the company, and its high revenue multiple is attributed to the massive potential for continued growth and upsell. Coupa has expanded into B2B payments over the past year through Coupa Pay. The company, the category leader of budget spend management, extends beyond just procurement (from which they started). I think Coupa Software remains one of the most misunderstood B2B SaaS companies. Low growth SaaS (Medium growth SaaS (20-40% rev growth): 16.9x.High growth SaaS (>40% rev growth): 31.2x.2️⃣ B2B SaaS EV/NTM Revenue Valuation Multiples 🔥 The heavily populated southern part of California emerged as the new epicenter of the crisis, despite strict lockdown measures. Current coronavirus trends remained daunting, however, with the U.S. Food and Drug Administration (FDA) advisory panel gave its approval to Moderna’s similar mRNA vaccine, which would nearly double the expected number of total doses available by the end of the year. The rollout of the Pfizer-BioNTech coronavirus vaccine on Monday also seemed to bolster sentiment. Global stocks pulled back on Friday, however, on reports that Republicans were demanding a provision barring the incoming Treasury secretary from providing the Federal Reserve with more emergency lending funds in 2021. On Tuesday, stocks seemed to get a lift after Senate Majority Leader Mitch McConnell vowed that Congress would remain in session until a deal on the stimulus was reached. After weeks of stalled negotiations, signs of progress emerged in congressional attempts to craft a new $900B stimulus bill. Energy stocks lagged despite oil prices touching nine-month highs on strong demand from India and China. Market update📈: The major indexes reached record highs as expectations grew for the passage of another federal coronavirus relief package. Strong recovery for growth names, led by macro news of stimulus, Fed reiterating low rates and continuing to provide liquidity by buying assets.Ĭheck out Jon Ma's breakdown on the bull case for Bitcoin! 1️⃣ SaaS Stock Prices vs. 10 min read 👋 Public Comps Customers 👋.

Coupa gartner 2020