- Razer is currently trading at consensus forward FY 2021 and FY 2022 Enterprise Value-to-Revenue multiples of 1.6 times and 1.3 times, respectively.
- Recent share buybacks are an indication that company management see Razer's shares as undervalued.
- A potential re-rating catalyst for Razer in the future is a dual-listing in the US, which will put Razer in direct comparison with its closest US-listed peer.
- Furthermore, Razer has turned the corner on profitability in FY 2020, and the company is expected to remain in the black in FY 2021 and beyond.
For further details see:
Razer: Corporate Actions Draw Attention