UiPath, a software maker, was valued at $7 billion last year with $360 million in annual recurring revenue last year. PS ratio is roughly priced around 20 based on these two numbers.
Though we did not know the growth rate difference of UiPath and Blue Prism and the variations of other metrics, we could confidently assume Blue Prism should be priced much higher than PS ratio of 8.
IMHO, Blue Prism seems to be a good bet from evaluation point.
UiPath, a software maker, was valued at $7 billion last year with $360 million in annual recurring revenue last year.
BP had 2019 rev of $101M. Uipath had $360M in ARR in 2019. So, UI were at least 3.6 times bigger than BP in 2019. Per Ethan’s post, UI was only 1.7 times bigger than BP in 2018. If you look at Gartner and Forrester the last few years UiPath has moved more and more towards top right while BP has regressed a bit between 2018 and 2019. Of course, this was before the Thoughtonomy acquisition.
What a tremendous write up. I wish Blue Prism had spent as much time and thought on their web site and videos. I am wondering if a company that gets these things wrong can get other things right.
I went to one of the videos hoping to hear a story about how the software made money for an organization, and then some details about what it did. Instead I got a bunch of double speak that quickly put me to sleep. I also found many broken links and dead ends on the site.
This ought to be such an exciting project to sell, but even the website is missing opportunities.
I took a starter position, which for me is below 1%. But that amount keeps me focused on the company and keeps me digging until either I sell or add.
Of all the things I have seen so far about the company, One thing I like, is the employee expansion. As a former business owner, I learned to expand only after I had more work/business than could be handled by the current workforce. I am hoping that is the case here, versus speculative expansion.
“Strong performance delivers 40% revenue growth in line with consensus expectations.”
“Blue Prism Cloud saw a very strong 147% growth in bookings and now contributes around 17% of the new bookings achieved by the Group.”
“The Group added over 490 new customers during 2020 while maintaining a gross revenue retention rate of around 98%.”
“Upselling activity showed early signs of recovery in the second half of 2020 driving full year net revenue retention rate to improve to 113% (from 110% in the first half of 2020). Over a third of the customer base at the year-end 2019 added extra licences to their digital workforce during the year.” :