Smartkarma AI, Smartkarma

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Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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  <li>RMA Global operates a digital marketing and reputation management platform, RateMyAgent, for real estate professionals, with its primary revenue generated from agent subscriptions and promotional products.</li>
  <li>The company has demonstrated strong revenue growth, particularly in the US market, and has successfully reduced its net loss in the most recent fiscal year.</li>
  <li>Despite revenue growth, the company remains unprofitable and has a history of negative operating and free cash flow, indicating a continued reliance on external funding or cash reserves to sustain operations.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  RMA Global operates a digital marketing and reputation management platform, RateMyAgent, for real estate professionals, with its primary revenue generated from agent subscriptions and promotional products.
  The company has demonstrated strong revenue growth, particularly in the US market, and has successfully reduced its net loss in the most recent fiscal year.
  Despite revenue growth, the company remains unprofitable and has a history of negative operating and free cash flow, indicating a continued reliance on external funding or cash reserves to sustain operations.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: RMA Global Ltd (RMY AU) - Nov 2025

Director, RaaS Research Group, Research as a Service (RaaS)

RaaS Research Group (RaaS)

Director, RaaS Research Group

Insightful Financial Models and Research Analysis

Research as a Service (RaaS)

Connect to the right investors through smart and insightful financial models and research analysis.

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<p><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank">PropTech Group (ASX:PTG) is a property technology SaaS company with a fast-growing and market-leading position in customer relationship management (CRM) systems with Australian and New Zealand residential real estate agents, and a small but growing position in the UK market. Industry interest in the proptech sector has been underscored by two recent transactions: Domain Holdings Australia Ltd’s (ASX:DHG) acquisition of real estate campaign management technology platform Realbase for $180m plus an additional up to $50m in earn-out consideration, and Reapit’s acquisition of real estate customer relationship management platform Console Group. The transactions have been completed at an estimated 8.0x forward revenues, which in RaaS’s estimation puts these as the upper end of transaction multiples for privately-held companies. In our view, these transactions highlight the demand for property technology and underscore the value that is being presented in the listed sector, particularly in the small and micro-cap space. We have revisited PropTech’s listed peers and this shows that the listed peer group is trading on an EV/Sales median, based on FY21 revenues, of 9.0x and a forward EV/Sales multiple of 7.4x. PTG is trading at a 59.5% discount to its peers on a forward multiple and at a 62.5% discount to the transactions multiple, underscoring its relative value.</a></p>
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PropTech Group (ASX:PTG) is a property technology SaaS company with a fast-growing and market-leading position in customer relationship management (CRM) systems with Australian and New Zealand residential real estate agents, and a small but growing position in the UK market. Industry interest in the proptech sector has been underscored by two recent transactions: Domain Holdings Australia Ltd’s (ASX:DHG) acquisition of real estate campaign management technology platform Realbase for $180m plus an additional up to $50m in earn-out consideration, and Reapit’s acquisition of real estate customer relationship management platform Console Group. The transactions have been completed at an estimated 8.0x forward revenues, which in RaaS’s estimation puts these as the upper end of transaction multiples for privately-held companies. In our view, these transactions highlight the demand for property technology and underscore the value that is being presented in the listed sector, particularly in the small and micro-cap space. We have revisited PropTech’s listed peers and this shows that the listed peer group is trading on an EV/Sales median, based on FY21 revenues, of 9.0x and a forward EV/Sales multiple of 7.4x. PTG is trading at a 59.5% discount to its peers on a forward multiple and at a 62.5% discount to the transactions multiple, underscoring its relative value.







Recent Transaction Multiples Highlight Proptech Demand

Australia

RMA Global Limited provides online real estate and property information services. The Company operates a digital marketing business portal that offers residential property listings and sales results for real estate agents, as well as reviews from vendors and buyers of residential properties. RMA Global serves customers worldwide.

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RMA Global Ltd (RMY AU)

Primer: RMA Global Ltd (RMY AU) - Nov 2025

RMA Global operates a digital marketing and reputation management platform, RateMyAgent, for real estate professionals, with its primary revenue...

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Recent Transaction Multiples Highlight Proptech Demand

PropTech Group (ASX:PTG) is a property technology SaaS company with a fast-growing and market-leading position in customer relationship...

Research as a Service (RaaS)

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