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

RaaS Research Group (RaaS)

Director, RaaS Research Group

Equity Bottom-Up

<ul><li>Comms Group Ltd (ASX:CCG) has received further valuation support in the form of the recent bid from Atturra Ltd (ASX:ATA) for Cirrus Networks (ASX:CNW).</li><li>We view CNW as the closest ASX peer to CCG in terms of business mix and market cap.</li><li>The ATA Scheme Implemented Deed values CNW at 7.4x post-AASB 16 FY23 EV/EBITDA and 8.8x pre-AASB 16. </li></ul>

Comms Group Ltd (ASX:CCG) has received further valuation support in the form of the recent bid from Atturra Ltd (ASX:ATA) for Cirrus Networks (ASX:CNW).We view CNW as the closest ASX peer to CCG in terms of business mix and market cap.The ATA Scheme Implemented Deed values CNW at 7.4x post-AASB 16 FY23 EV/EBITDA and 8.8x pre-AASB 16. 

Comms Group Limited  - Further Valuation Support from CNW Bid

CommsChoice Group Ltd

Comms Group Limited - Further Valuation Support from CNW Bid