contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


saas-update-november-2022-danish-arr-sector-median-multiple-stabilized-the-us-saas-sector-continued-down

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Head of Research

Kasper Lihn

The SaaS HCA Index, measured on a simple ARR multiple (median) across 19 listed Danish SaaS companies, stabilized at 4.6x ARR by the end of November from 4.5x ARR by the end of October. Note the index shows the development over time for the sector, using the latest reported ARR numbers for 19 companies, and almost all companies have been tracked for at least a year (the latest SaaS IPO was in December 2021). The larger and more liquid US-listed SaaS companies - measured by The SaaS Capital Index, yet there are always some comparison issues like any other benchmark data - declined to 6.3x ARR by the end of November from 6.8x ARR by the end of October.

Software-as-a-Service (SaaS) update &ndash; November 2022: Danish ARR sector median multiple stabilized &ndash; the US SaaS sector continued down &nbsp; The SaaS HCA Index, measured on a simple ARR multiple (median) across 19 listed Danish SaaS companies, stabilized at 4.6x ARR by the end of November from 4.5x ARR by the end of October. Note the index shows the development over time for the sector, using the latest reported ARR numbers for 19 companies, and almost all companies have been tracked for at least a year (the latest SaaS IPO was in December 2021). &nbsp; The larger and more liquid US-listed SaaS companies - measured by The SaaS Capital Index, yet there are always some comparison issues like any other benchmark data - declined to 6.3x ARR by the end of November from 6.8x ARR by the end of October. &nbsp; From a macroeconomic perspective, the US 10Y bond yield decreased from approx. 4.05% by the end of October to approx. 3.60% by the end of November. Following larger increases in earlier months with negative effects on growth shares, the recent decline in the yield has had a positive effect on the stock market in general, yet not the US SaaS sector according to The SaaS Capital Index. The negative development in November can be explained by the Q3 earnings season, as most US SaaS companies&rsquo; new expectations were below market expectations, leading to larger share price declines across the sector. &nbsp; Across the Danish SaaS sector, we have seen cost adjuments and more cautious management comments due to the macroeconomic uncertainty as well as the limited access to raise new capital. With more focus on capital allocation, growth rates for both Q4 2022 and 2023 are more uncertain. Furthermore, we have seen that some of the Danish-listed SaaS companies have to deliver strong Q4 results to reach their 2022 guidance range. Disclaimer: HC Andersen Capital receives payment for a Corporate Visibility/Digital IR subscription agreement from SaaS companies included in The SaaS HCA Index. /Kasper Lihn 7 December 2022, 16:47.

HC Andersen Capital

SaaS update November 2022: Danish ARR sector median multiple stabilized – the US SaaS sector continued down