Camplify (ASX: CHL)
Camplify is a peer to peer campervan and trailer hiring platform that allows campervan owners to hire out their idle campervans. You could argue it is somewhat like AirBnB but for trailers, vans and campervans. It was founded by Justin Hales in 2014. He teamed up with Camplify chairman Trent Bagnell who was previously his boss at Qmastor.
The Camplify share price failed to respond to the FY 2023 Camplify results, despite very strong revenue growth and positive free cash flow.
The FY 2022 Camplify results show a business that is bringing more people to both sides of its campervan hiring platform. However, the headline revenue growth is not the best measure.
Clinuvel Pharmaceuticals (ASX: CUV), Camplify (ASX: CHL) and Whispir (ASX: WSP) Quarterly Cashflow Reports
ASX growth stocks Clinuvel Pharmaceuticals (ASX: CUV), Camplify (ASX: CHL) and Whispir (ASX: WSP) have all reported quarterly cashflow.
These 5 well established businesses have all seen insiders snapping up shares at close to or above current prices.
Camplify revenue growth of over 100% will catch investors eye, but the devil is in the detail…
The Camplify quarterly result was very resilient in the face of lockdowns, and the share price has popped in response.
Some stocks have high multiples and higher growth rates, others have lower multiples and lower growth rates. Here’s how I decided which one to choose.