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Hello Max this assumption is based on a 5% organic growth from already aquired businesses. That comes from industry forecasts. Then the additional 14% comes from assuming their growth from aquistions will slow from its about 17% average over the past several years. So it is not a concrete number but more a reasonable base assumption.
Growth will almost certainly be different than forecasted but I think the uncertainty leans to the upside as they are expanding aggressively.
Interesting valuation calculations - I'm curious, how did you come up with your revenue growth model? Was looking at the numbers and wondering
Hello Max this assumption is based on a 5% organic growth from already aquired businesses. That comes from industry forecasts. Then the additional 14% comes from assuming their growth from aquistions will slow from its about 17% average over the past several years. So it is not a concrete number but more a reasonable base assumption.
Growth will almost certainly be different than forecasted but I think the uncertainty leans to the upside as they are expanding aggressively.