Comment / Still paying Silicon Valley multiples for WiseTech? Think about this...

ID 58419603 © Cammeraydave | Dreamstime.com

In a sector still dominated by thin margins and legacy systems, Australia’s WiseTech Global (WTC) has become something of an anomaly: a logistics software company that equity markets historically value more like a premium tech platform than an industry utility.

Despite a recent correction that pushed down its stock and relative valuation* to multi-year lows, its relative value based on forward earnings multiples has repeatedly sat at levels that make traditional transport and 3PL executives wince, and even many SaaS veterans ...