CyanConnode Holdings plc (LON:CYAN) has a price-to-sales (P/S) ratio that is similar to the median P/S ratio of around 3x in the Semiconductor industry in the United Kingdom. This may not be particularly noteworthy, but it is worth considering if the P/S ratio is justified or if investors are missing out on potential opportunities.
The revenue growth of CyanConnode Holdings has been relatively sluggish compared to other companies recently. However, if the uninspiring revenue performance is expected to improve in the future, it could explain why the P/S ratio has not fallen. On the other hand, existing shareholders may have concerns about the viability of the share price if the revenue growth does not strengthen.
Looking at the company’s revenue forecasts, CyanConnode Holdings experienced impressive revenue growth of 23% last year.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
