This 33-slide update on Docebo (DCBO.TO) comes off the heels of discussions with nearly a dozen sales teams from the largest Learning Management Software (LMS) companies in the World. This includes communication with Adobe (ADBE), SAP, Cornerstone OnDemand (CSOD), Instructure (INST), Docebo and a number of large, private competitors. The work conducted by our team has increased our conviction that Docebo’s shares should be purchased now.
Powerpoint Pitch
9 posts
We recently toured both Aphria’s and Canopy Growth’s primary facilities in Ontario. This is Part 1 of our two part series. This 42-slide presentation includes detailed estimated cost breakdowns of Aphria’s energy, labour, TFW program, oil extraction, product and other costs. Our 5-hour tour included examining both Aphria One and Aphria Double Diamond. https://drive.google.com/file/d/1PVqulah2GYJUgKJA7cbLxJ4jwpCKv3m8/view?usp=sharing
We have opened up this pitch to the public for marketing purposes. We value the company based on a relative valuation of 16 x $1,807 million (Premium TTM Gross Margin) + 21.3 x $240 million (CLTV Added) = an EV of $34.1 billion. Assuming net cash of $3.9 billion, $38 billion / 205.5 million diluted shares = $185 per share. We believe investors who have a time horizon of one year or more should BUY the stock now. Please find our updated, 62-slide Spotify pitch below. Spotify Pitch_- Perspectec – November 14th, 2018 Important Disclosures and Disclaimer This publication is […]
We have updated our 13-slide NVIDIA pitch for investors. NVIDIA is reporting fiscal Q3/19 results on Thursday, November 15th, after the market close. Last quarter’s results and fiscal Q3 guidance are following our models closely, with our adjusted r-squared increasing in most categories using fiscal Q2 results. https://drive.google.com/file/d/177JWB-bMiC9IrIZBwK90bZqvhPuncAPU/view?usp=sharing
We have launched coverage of 14 additional enterprise software companies. Our models use a combination of SaaS metrics and non-GAAP financials to predict the current stock price. The relationship with our Enterprise focused model and the current stock prices (adjusted r-square) is 0.87 and for companies with an SMB/Entrepreneur focus our model has an adjusted r-square of 0.68. The performance of these stocks will be tracked in the Perspectec General Portfolio. In addition, we are moving Salesforce.com (CRM) from our Focused Portfolio to our General.Portfolio, due to a change in associate coverage. With this launch, we have published our Enterprise […]
We have updated our Shopify (SHOP-NYSE) marketing package which includes our survey results as well as our Q2 and annual forecasts. Our updated 23 slide Shopify pitch is attached.
We have updated our view of Elbit Systems, accounting for the impact of IMI Systems and new announced orders on operating leverage and non-GAAP EPS. We hit on the key points that we believe will move the stock in 2018 based on how the stock has historically traded. Attached is an updated 13-page powerpoint presentation on the key issues that will affect Elbit’s adjusted EPS and valuation. All subscribers can access our full financial model. While our target is $130, but we see upside up to $134 based on 20x our 2019 non-GAAP EPS of $6.72. We believe upside is […]
We have outlined overlooked issues on Spotify (SPOT-NYSE) in 20 easy to follow (or pitch) slides. These slides include: – Subscriber valuation graphs, correlations and tables – Tracking of Global top streams and their relationship with Premium Subscribers – How different plans, regions and promotions affect ARPU – Revenues for both the music and digital music industries – Financial forecasts on a number of metrics – Comparable metric comparison versus Pandora – Subscriber Comparable tables with Netflix, SiriusXM, Pandora and Spotify – Stock Recommendations
We have completed a holistic overview of Canada’s recreational cannabis market. Based primarily on data from Colorado as well as taking into account capacity increases from Canada’s lowest-cost producer, we have a materially different assumption on future market prices and demand. Attached is our overview of the industry. All graphs used are sourced from either the State of Colorado, BDS, Provincial government press releases or BDS Analytics.