      HC Andersen Capital · 2022-05-25
      · 1471d
    

Software-as-a-Service Sector Report: Danish SaaS Valuations and Metrics Analysis

HC Andersen Capital's May 2022 analysis of the SaaS sector examines valuation multiples, growth metrics, and the shift from growth-focused to value-conscious investing. The report covers eight Danish SaaS companies and notes that current valuations have declined 44% from pre-COVID levels, with multiples potentially approaching bottom despite market uncertainty.

8 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

ARR Multiple Valuation

15x

median

Stock market valuation of one million ARR increase in 2021

Decline from 5-Year Pre-COVID Average

20%

below

2015-2019 average before COVID

Decline from Pre-COVID Multiples

44%

below

February 2020 pre-COVID levels

Global SaaS Market CAGR

17%

expected

Global SaaS market growth rate (coming years)

Global SaaS Market Size

208billion USD

projected

Total SaaS market size in 2023

NTM Revenue Multiple

6.2x

median

US-listed SaaS companies, mid-May 2022

US Interest Rates

2.75-3.00%

range

10-year US Treasury rates at time of report

Zoom Video Communications YoY Growth

326%

peak

COVID-19 pandemic peak growth example