Strong secular drivers are supporting rapid growth in Kape’s core Virtual Private Network (‘VPN’) market with rising user-data awareness underpinning high market growth forecasts. Kape’s paid VPN has strong brand reputation, a features set which screens well versus competition, and is forecast to deliver 19% group sales CAGR (underlying: 15%) and EPS CAGR of 46% to FY’21E. Near-term cash is expected to be reinvested into customer acquisition to grow the SaaS user base, but cash conversion should ....
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Strong position in high-growth core market
- Published:
18 Jul 2019 -
Author:
Caspar Erskine -
Pages:
3
Strong secular drivers are supporting rapid growth in Kape’s core Virtual Private Network (‘VPN’) market with rising user-data awareness underpinning high market growth forecasts. Kape’s paid VPN has strong brand reputation, a features set which screens well versus competition, and is forecast to deliver 19% group sales CAGR (underlying: 15%) and EPS CAGR of 46% to FY’21E. Near-term cash is expected to be reinvested into customer acquisition to grow the SaaS user base, but cash conversion should ....