HI Grp,
Thanks for bringing the company to my notice, I was not aware of it before.
A quick look at the financials gives me the impression that its more of a trading business rather than a IaaS platform (which E2E is). The company does not look like having a large services business either as the margin profile (Gross margin of ~ 30%, Ebitda of sub-15%) reflects the business model to be more of Value added resller rather than providing any self developed IP. Also, the company seems to be trading at very high multiples (80+ times EV/Ebitda leaving very little margin of safety if something were to go wrong).
Such businesses are outside my area of competence hence I would not be in a position to provide any views/insights.
Hope this helps.
| Subscribe To Our Free Newsletter |
