{"id":11315,"date":"2021-02-26T15:49:54","date_gmt":"2021-02-26T13:49:54","guid":{"rendered":"https:\/\/investors.bittnet.ro\/current-and-historical-financial-results\/preliminary-financial-results-for-fiscal-year-2020\/6-evaluation-of-other-similar-companies\/"},"modified":"2021-02-26T16:58:56","modified_gmt":"2021-02-26T14:58:56","slug":"6-evaluation-of-other-similar-companies","status":"publish","type":"page","link":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/","title":{"rendered":"6. Evaluation of other similar companies"},"content":{"rendered":"<section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_92d565f4 has_text_color\" id=\"first_wpb_text_column\"><div class=\"wpb_wrapper\"><h3>Evaluation of other similar companies<\/h3>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column us_custom_432d3f53\"><div class=\"wpb_wrapper\"><p><span data-contrast=\"auto\">Last year, Bittnet was included in a project funded by the EBRD and the Taiwan Chamber of Commerce, in which Wood&amp;Co analysts were co-opted to make analysis reports (&#8220;coverage&#8221;) for Bittnet shares. Unfortunately, Mifid&#8217;s legislation does not allow Wood<\/span> <span data-contrast=\"auto\">to distribute<\/span><span data-contrast=\"auto\"> these reports<\/span><span data-contrast=\"auto\"> to retail investors. Thus, we make available to shareholders a list of companies with similarities to our group, without suggesting that it is an exhaustive list, neither in terms of the included companies nor in terms of the included indicators. We have chosen companies that either do IT services or educational services, are listed on various scholarships around the world, and we have indicated how they can be found by shareholders and analyzed in more detail:<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:120,&quot;335559739&quot;:120}\">\u00a0<\/span><\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\">\n<table id=\"tablepress-2\" class=\"tablepress tablepress-id-2\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Identifier (RIC)<\/th><th class=\"column-2\">Company Name<\/th><th class=\"column-3\">Operating Margin<\/th><th class=\"column-4\">Crt ROE<\/th><th class=\"column-5\">Crt P\/B<\/th><th class=\"column-6\">Hist EV \/ EBITDA<\/th><th class=\"column-7\">Crt EV \/ EBITDA<\/th><th class=\"column-8\">Hist Price \/ Sales<\/th><th class=\"column-9\">Crt Price \/ Sales<\/th><th class=\"column-10\">FW Price \/ Sales<\/th><th class=\"column-11\">Hist P \/ CF<\/th><th class=\"column-12\">Crt P\/CF<\/th><th class=\"column-13\">FW P\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">CTS.TO<\/td><td class=\"column-2\">Converge Techn Solutions<\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">-18.4%<\/td><td class=\"column-5\">15.40<\/td><td class=\"column-6\">9.44<\/td><td class=\"column-7\">22.46 \t<\/td><td class=\"column-8\">0.16<\/td><td class=\"column-9\">1.14<\/td><td class=\"column-10\">0.75<\/td><td class=\"column-11\">19.16<\/td><td class=\"column-12\">78.25<\/td><td class=\"column-13\">19.83<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">DAVA.N<\/td><td class=\"column-2\">Endava PLC<\/td><td class=\"column-3\">6.9%<\/td><td class=\"column-4\">15.7%<\/td><td class=\"column-5\">13.21<\/td><td class=\"column-6\">51.52<\/td><td class=\"column-7\">44.54<\/td><td class=\"column-8\">6.22<\/td><td class=\"column-9\">8.01<\/td><td class=\"column-10\">6.33<\/td><td class=\"column-11\">43.32<\/td><td class=\"column-12\">66.08<\/td><td class=\"column-13\">49.08<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">TPXT.L<\/td><td class=\"column-2\">Panoply Holdings PLC<\/td><td class=\"column-3\">-9.4% \t<\/td><td class=\"column-4\">-16.0%<\/td><td class=\"column-5\">3.56 \t<\/td><td class=\"column-6\">8.59 \t<\/td><td class=\"column-7\">25.77<\/td><td class=\"column-8\">0.80<\/td><td class=\"column-9\">3.32<\/td><td class=\"column-10\">2.71<\/td><td class=\"column-11\"><\/td><td class=\"column-12\">63.45<\/td><td class=\"column-13\">31.32<\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\">CYB.MI<\/td><td class=\"column-2\">Cyberoo SpA<\/td><td class=\"column-3\">20.2%<\/td><td class=\"column-4\">10.0%<\/td><td class=\"column-5\">5.32<\/td><td class=\"column-6\">13.91<\/td><td class=\"column-7\">21.38<\/td><td class=\"column-8\">6.62<\/td><td class=\"column-9\">10.26<\/td><td class=\"column-10\">4.51<\/td><td class=\"column-11\">32.31<\/td><td class=\"column-12\">49.25<\/td><td class=\"column-13\"><\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\">MSABb.ST<\/td><td class=\"column-2\">Micro Systemation AB (publ)<\/td><td class=\"column-3\">9.2%<\/td><td class=\"column-4\">19.8%<\/td><td class=\"column-5\">6.88<\/td><td class=\"column-6\">16.52<\/td><td class=\"column-7\">12.27<\/td><td class=\"column-8\">2.43<\/td><td class=\"column-9\">1.86<\/td><td class=\"column-10\"><\/td><td class=\"column-11\">512.27<\/td><td class=\"column-12\">46.58<\/td><td class=\"column-13\"><\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\">CRAYON.OL<\/td><td class=\"column-2\">Crayon Group Holding ASA<\/td><td class=\"column-3\">1.2%<\/td><td class=\"column-4\">14.2%<\/td><td class=\"column-5\">9.60<\/td><td class=\"column-6\">22.93 \t<\/td><td class=\"column-7\">27.01<\/td><td class=\"column-8\">0.52<\/td><td class=\"column-9\">0.57<\/td><td class=\"column-10\">0.46<\/td><td class=\"column-11\">35.49<\/td><td class=\"column-12\">42.95<\/td><td class=\"column-13\">42.46<\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\">AVEN.ST<\/td><td class=\"column-2\">Avensia AB<\/td><td class=\"column-3\">1.1%<\/td><td class=\"column-4\">1.8%<\/td><td class=\"column-5\">9.45<\/td><td class=\"column-6\">23.30<\/td><td class=\"column-7\">32.05<\/td><td class=\"column-8\">1.99<\/td><td class=\"column-9\">1.76<\/td><td class=\"column-10\">1.48<\/td><td class=\"column-11\">380.82<\/td><td class=\"column-12\">39.28<\/td><td class=\"column-13\">19.42<\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\">ENEA.ST<\/td><td class=\"column-2\">Enea AB<\/td><td class=\"column-3\">20.3%<\/td><td class=\"column-4\">9.6%<\/td><td class=\"column-5\">3.50<\/td><td class=\"column-6\">14.13<\/td><td class=\"column-7\">17.84<\/td><td class=\"column-8\">4.39<\/td><td class=\"column-9\">5.63<\/td><td class=\"column-10\">5.09<\/td><td class=\"column-11\">399.42<\/td><td class=\"column-12\">35.05<\/td><td class=\"column-13\">26.68<\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\">ACN.N<\/td><td class=\"column-2\">Accenture PLC<\/td><td class=\"column-3\">14.7%<\/td><td class=\"column-4\">31.8%<\/td><td class=\"column-5\">9.01<\/td><td class=\"column-6\">19.95<\/td><td class=\"column-7\">21.60<\/td><td class=\"column-8\">3.51<\/td><td class=\"column-9\">3.76<\/td><td class=\"column-10\">3.39<\/td><td class=\"column-11\">24.49<\/td><td class=\"column-12\">32.48<\/td><td class=\"column-13\">29.63<\/td>\n<\/tr>\n<tr class=\"row-11 odd\">\n\t<td class=\"column-1\">INFY.NS<\/td><td class=\"column-2\">Infosys Ltd<\/td><td class=\"column-3\">21.3%<\/td><td class=\"column-4\">28.1%<\/td><td class=\"column-5\">7.50<\/td><td class=\"column-6\">11.33<\/td><td class=\"column-7\">19.92<\/td><td class=\"column-8\">3.01<\/td><td class=\"column-9\">5.51<\/td><td class=\"column-10\">4.79<\/td><td class=\"column-11\">18.76<\/td><td class=\"column-12\">30.24<\/td><td class=\"column-13\">24.18<\/td>\n<\/tr>\n<tr class=\"row-12 even\">\n\t<td class=\"column-1\">AVERAGE<\/td><td class=\"column-2\">MEDIA TUTUROR<\/td><td class=\"column-3\">7.1%<\/td><td class=\"column-4\">10.0%<\/td><td class=\"column-5\">4.53<\/td><td class=\"column-6\">13.31<\/td><td class=\"column-7\">15.12<\/td><td class=\"column-8\">1.84<\/td><td class=\"column-9\">2.88<\/td><td class=\"column-10\">2.22<\/td><td class=\"column-11\">68.46<\/td><td class=\"column-12\">30.00<\/td><td class=\"column-13\">21.73<\/td>\n<\/tr>\n<tr class=\"row-13 odd\">\n\t<td class=\"column-1\">UIS.N<\/td><td class=\"column-2\">Unisys Corp<\/td><td class=\"column-3\">7.4%<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">(7.00)<\/td><td class=\"column-6\">2.12<\/td><td class=\"column-7\">4.57<\/td><td class=\"column-8\">0.23<\/td><td class=\"column-9\">0.76<\/td><td class=\"column-10\">0.78<\/td><td class=\"column-11\">11.48<\/td><td class=\"column-12\">27.27<\/td><td class=\"column-13\">16.64<\/td>\n<\/tr>\n<tr class=\"row-14 even\">\n\t<td class=\"column-1\">9613.T<\/td><td class=\"column-2\">NTT Data Corp<\/td><td class=\"column-3\">5.8%<\/td><td class=\"column-4\">6.9%<\/td><td class=\"column-5\">2.28<\/td><td class=\"column-6\">6.21<\/td><td class=\"column-7\">7.87<\/td><td class=\"column-8\">0.64<\/td><td class=\"column-9\">0.99<\/td><td class=\"column-10\">0.97<\/td><td class=\"column-11\">24.77<\/td><td class=\"column-12\">26.42<\/td><td class=\"column-13\">21.18<\/td>\n<\/tr>\n<tr class=\"row-15 odd\">\n\t<td class=\"column-1\">WIPR.NS<\/td><td class=\"column-2\">Wipro Ltd<\/td><td class=\"column-3\">17.3%<\/td><td class=\"column-4\">19.0%<\/td><td class=\"column-5\">4.52<\/td><td class=\"column-6\">7.18<\/td><td class=\"column-7\">14.25<\/td><td class=\"column-8\">1.88<\/td><td class=\"column-9\">3.72<\/td><td class=\"column-10\">3.48<\/td><td class=\"column-11\">15.37<\/td><td class=\"column-12\">23.99<\/td><td class=\"column-13\">20.32<\/td>\n<\/tr>\n<tr class=\"row-16 even\">\n\t<td class=\"column-1\">PREVb.ST<\/td><td class=\"column-2\">Prevas AB<\/td><td class=\"column-3\">8.5%<\/td><td class=\"column-4\">22.1%<\/td><td class=\"column-5\">2.94<\/td><td class=\"column-6\">6.23<\/td><td class=\"column-7\">6.36<\/td><td class=\"column-8\">0.80<\/td><td class=\"column-9\">0.81<\/td><td class=\"column-10\"><\/td><td class=\"column-11\">18.73<\/td><td class=\"column-12\">23.32<\/td><td class=\"column-13\">35.82<\/td>\n<\/tr>\n<tr class=\"row-17 odd\">\n\t<td class=\"column-1\">ASEP.WA<\/td><td class=\"column-2\">Asseco SEE SA<\/td><td class=\"column-3\">12.4%<\/td><td class=\"column-4\">13.3%<\/td><td class=\"column-5\">2.38<\/td><td class=\"column-6\">7.00<\/td><td class=\"column-7\">9.30<\/td><td class=\"column-8\">1.46<\/td><td class=\"column-9\">2.12<\/td><td class=\"column-10\">1.89<\/td><td class=\"column-11\">21.76<\/td><td class=\"column-12\">19.78<\/td><td class=\"column-13\">16.71<\/td>\n<\/tr>\n<tr class=\"row-18 even\">\n\t<td class=\"column-1\">CAPP.PA<\/td><td class=\"column-2\">Capgemini SE<\/td><td class=\"column-3\">9.5%<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4.00<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">20.40<\/td><td class=\"column-8\">1.38<\/td><td class=\"column-9\">1.49<\/td><td class=\"column-10\">1.38<\/td><td class=\"column-11\">45.88<\/td><td class=\"column-12\">19.62<\/td><td class=\"column-13\">20.60<\/td>\n<\/tr>\n<tr class=\"row-19 odd\">\n\t<td class=\"column-1\">BNET.BX<\/td><td class=\"column-2\">Bittnet Systems SA<\/td><td class=\"column-3\">4.0%<\/td><td class=\"column-4\">16.5%<\/td><td class=\"column-5\">6.04<\/td><td class=\"column-6\">63.19<\/td><td class=\"column-7\">24.85<\/td><td class=\"column-8\">1.13<\/td><td class=\"column-9\">1.61<\/td><td class=\"column-10\">1.00<\/td><td class=\"column-11\">22.80<\/td><td class=\"column-12\">19.38<\/td><td class=\"column-13\">12.32<\/td>\n<\/tr>\n<tr class=\"row-20 even\">\n\t<td class=\"column-1\">ULS.L<\/td><td class=\"column-2\">ULS Technology PLC<\/td><td class=\"column-3\">14.9%<\/td><td class=\"column-4\">11.6%<\/td><td class=\"column-5\">4.46<\/td><td class=\"column-6\">4.73<\/td><td class=\"column-7\">16.09<\/td><td class=\"column-8\">0.86<\/td><td class=\"column-9\">2.36<\/td><td class=\"column-10\">2.18<\/td><td class=\"column-11\">82.75<\/td><td class=\"column-12\">18.15<\/td><td class=\"column-13\">21.42<\/td>\n<\/tr>\n<tr class=\"row-21 odd\">\n\t<td class=\"column-1\">CMP.WA<\/td><td class=\"column-2\">Comp SA<\/td><td class=\"column-3\">6.7%<\/td><td class=\"column-4\">3.0%<\/td><td class=\"column-5\">0.60<\/td><td class=\"column-6\">5.40<\/td><td class=\"column-7\">7.81<\/td><td class=\"column-8\">0.43<\/td><td class=\"column-9\">0.54<\/td><td class=\"column-10\">0.44<\/td><td class=\"column-11\">29.40<\/td><td class=\"column-12\">17.47<\/td><td class=\"column-13\">23.26<\/td>\n<\/tr>\n<tr class=\"row-22 even\">\n\t<td class=\"column-1\">CTSH.OQ<\/td><td class=\"column-2\">Cognizant<\/td><td class=\"column-3\">12.7%<\/td><td class=\"column-4\">12.7%<\/td><td class=\"column-5\">3.60<\/td><td class=\"column-6\">13.83<\/td><td class=\"column-7\">12.38<\/td><td class=\"column-8\">2.66<\/td><td class=\"column-9\">2.35<\/td><td class=\"column-10\">2.17<\/td><td class=\"column-11\">14.70<\/td><td class=\"column-12\">16.51<\/td><td class=\"column-13\">18.31<\/td>\n<\/tr>\n<tr class=\"row-23 odd\">\n\t<td class=\"column-1\">TEML.NS<\/td><td class=\"column-2\">Tech Mahindra Ltd<\/td><td class=\"column-3\">11.5%<\/td><td class=\"column-4\"><\/td><td class=\"column-5\">3.88<\/td><td class=\"column-6\">7.59<\/td><td class=\"column-7\">13.60<\/td><td class=\"column-8\">1.32<\/td><td class=\"column-9\">2.45<\/td><td class=\"column-10\">2.32<\/td><td class=\"column-11\">11.51<\/td><td class=\"column-12\">15.81<\/td><td class=\"column-13\">16.19<\/td>\n<\/tr>\n<tr class=\"row-24 even\">\n\t<td class=\"column-1\">ATGE.N<\/td><td class=\"column-2\">Adtalem Global Education Inc<\/td><td class=\"column-3\">13.5%<\/td><td class=\"column-4\">21.8%<\/td><td class=\"column-5\">1.59<\/td><td class=\"column-6\">6.58<\/td><td class=\"column-7\">7.62<\/td><td class=\"column-8\">1.59<\/td><td class=\"column-9\">1.91<\/td><td class=\"column-10\">1.77<\/td><td class=\"column-11\">13.41<\/td><td class=\"column-12\">14.06<\/td><td class=\"column-13\">14.88<\/td>\n<\/tr>\n<tr class=\"row-25 odd\">\n\t<td class=\"column-1\">CACI.K<\/td><td class=\"column-2\">CACI International Inc<\/td><td class=\"column-3\">8.0%<\/td><td class=\"column-4\">13.9%<\/td><td class=\"column-5\">2.06<\/td><td class=\"column-6\">11.86<\/td><td class=\"column-7\">11.30<\/td><td class=\"column-8\">0.97<\/td><td class=\"column-9\">1.01<\/td><td class=\"column-10\">0.93<\/td><td class=\"column-11\">14.12<\/td><td class=\"column-12\">12.32<\/td><td class=\"column-13\">14.80<\/td>\n<\/tr>\n<tr class=\"row-26 even\">\n\t<td class=\"column-1\">ATOS.PA<\/td><td class=\"column-2\">Atos SE<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">0.96<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">5.11<\/td><td class=\"column-8\"><\/td><td class=\"column-9\">0.60<\/td><td class=\"column-10\">0.61<\/td><td class=\"column-11\">6.83<\/td><td class=\"column-12\">7.91<\/td><td class=\"column-13\">8.62<\/td>\n<\/tr>\n<tr class=\"row-27 odd\">\n\t<td class=\"column-1\">DTCJ.J<\/td><td class=\"column-2\">Datatec Ltd<\/td><td class=\"column-3\">1.9%<\/td><td class=\"column-4\">1.9%<\/td><td class=\"column-5\">0.64<\/td><td class=\"column-6\">3.77<\/td><td class=\"column-7\">3.23<\/td><td class=\"column-8\">0.10<\/td><td class=\"column-9\">0.09<\/td><td class=\"column-10\">0.08<\/td><td class=\"column-11\">11.28<\/td><td class=\"column-12\">4.84<\/td><td class=\"column-13\">12.02<\/td>\n<\/tr>\n<tr class=\"row-28 even\">\n\t<td class=\"column-1\">SGN.WA<\/td><td class=\"column-2\">Sygnity SA<\/td><td class=\"column-3\">15.8%<\/td><td class=\"column-4\">34.7%<\/td><td class=\"column-5\">2.68<\/td><td class=\"column-6\">3.42<\/td><td class=\"column-7\">5.00<\/td><td class=\"column-8\">0.75<\/td><td class=\"column-9\">1.11<\/td><td class=\"column-10\">1.02 \t<\/td><td class=\"column-11\"><\/td><td class=\"column-12\"><\/td><td class=\"column-13\">9.16<\/td>\n<\/tr>\n<tr class=\"row-29 odd\">\n\t<td class=\"column-1\">CMR.WA<\/td><td class=\"column-2\">Comarch SA<\/td><td class=\"column-3\">10.0%<\/td><td class=\"column-4\">10.5%<\/td><td class=\"column-5\">1.55<\/td><td class=\"column-6\">6.67<\/td><td class=\"column-7\">5.89<\/td><td class=\"column-8\">1.06<\/td><td class=\"column-9\">1.07<\/td><td class=\"column-10\">0.97 \t<\/td><td class=\"column-11\"><\/td><td class=\"column-12\"><\/td><td class=\"column-13\"><\/td>\n<\/tr>\n<tr class=\"row-30 even\">\n\t<td class=\"column-1\">PRFr.AT<\/td><td class=\"column-2\">Profile Systems &amp; Software<\/td><td class=\"column-3\">13.2%<\/td><td class=\"column-4\">5.7%<\/td><td class=\"column-5\">2.85<\/td><td class=\"column-6\">7.10<\/td><td class=\"column-7\">11.97<\/td><td class=\"column-8\">2.70<\/td><td class=\"column-9\">4.06<\/td><td class=\"column-10\">3.15<\/td><td class=\"column-11\"><\/td><td class=\"column-12\"><\/td><td class=\"column-13\">23.36<\/td>\n<\/tr>\n<tr class=\"row-31 odd\">\n\t<td class=\"column-1\">ALSTW.PA<\/td><td class=\"column-2\">Streamwide SA<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">9.55<\/td><td class=\"column-6\"><\/td><td class=\"column-7\">16.47<\/td><td class=\"column-8\"><\/td><td class=\"column-9\">10.13<\/td><td class=\"column-10\">6.96<\/td><td class=\"column-11\">9.57<\/td><td class=\"column-12\"><\/td><td class=\"column-13\">26.06<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-2 from cache -->\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><nav class=\"w-menu layout_ver style_blocks us_menu_1 with_children\" style=\"--main-gap:1.5rem;--main-ver-indent:0.8em;--main-hor-indent:0.8em;--main-bg-color:#f5f5f5;--main-color:inherit;--main-hover-bg-color:#8dbe65;--main-hover-color:#ffffff;--main-active-bg-color:#8dbe65;--main-active-color:#ffffff;--sub-gap:5px;\"><ul id=\"menu-4q-2020-en\" class=\"menu\"><li id=\"menu-item-11331\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11331\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/0-key-information\/\">0. Key Information<\/a><\/li><li id=\"menu-item-11340\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11340\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/\">1. Letter from CEO<\/a><\/li><li id=\"menu-item-11339\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11339\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/new-group-structure\/\">2. New Group Structure<\/a><\/li><li id=\"menu-item-11338\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11338\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/3-technology-division-in-2020\/\">3. Technology division in 2020<\/a><\/li><li id=\"menu-item-11337\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11337\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/4-education-division-in-2020\/\">4. Education Division in 2020<\/a><\/li><li id=\"menu-item-11336\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11336\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/5-financial-position-cash-flow\/\">5. Financial Position &#038; Cash Flow<\/a><\/li><li id=\"menu-item-11335\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11335\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\">6. Evaluation of other similar companies<\/a><\/li><li id=\"menu-item-11334\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11334\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/7-indicative-budget-2021\/\">7. Indicative Budget 2021<\/a><\/li><li id=\"menu-item-11332\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11332\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/8-alternative-performance-measurements\/\">8. \u201cAlternative Performance Measurements\u201d<\/a><\/li><li id=\"menu-item-11333\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11333\"><a href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/9-download-files\/\">9. Download files<\/a><\/li><li id=\"menu-item-11341\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11341\"><a href=\"https:\/\/investors.bittnet.ro\/en\/newsletter-subscription\/\">10. Newsletter subscription<\/a><\/li><\/ul><style>@media ( max-width:600px ){.us_menu_1 .menu{display:block!important}.us_menu_1 .menu>li:not(:last-child){margin:0 0 var(--main-gap,1.5rem)!important}}<\/style><\/nav><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Evaluation of other similar companies Last year, Bittnet was included in a project funded by the EBRD and the Taiwan Chamber of Commerce, in which Wood&amp;Co analysts were co-opted to make analysis reports (&#8220;coverage&#8221;) for Bittnet shares. Unfortunately, Mifid&#8217;s legislation does not allow Wood to distribute these reports to retail investors. Thus, we make available...","protected":false},"author":26,"featured_media":0,"parent":11283,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11315","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6. Evaluation of other similar companies - Bittnet Investors Relations Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6. Evaluation of other similar companies - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Bittnet Investors Relations Site\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BittnetSystems\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-26T14:58:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@NA\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\",\"name\":\"6. Evaluation of other similar companies - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2021-02-26T13:49:54+00:00\",\"dateModified\":\"2021-02-26T14:58:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Current and historical financial results\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Preliminary Financial Results for fiscal year 2020\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"6. Evaluation of other similar companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. Upgraded.\",\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\",\"name\":\"Bittnet Group\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"contentUrl\":\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png\",\"width\":807,\"height\":442,\"caption\":\"Bittnet Group\"},\"image\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/BittnetSystems\/\",\"https:\/\/twitter.com\/NA\",\"http:\/\/na\",\"https:\/\/www.linkedin.com\/company\/bittnet-group\/\",\"https:\/\/www.youtube.com\/user\/BittnetSystems\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"6. Evaluation of other similar companies - Bittnet Investors Relations Site","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/","og_locale":"en_US","og_type":"article","og_title":"6. Evaluation of other similar companies - Bittnet Investors Relations Site","og_url":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/","og_site_name":"Bittnet Investors Relations Site","article_publisher":"https:\/\/www.facebook.com\/BittnetSystems\/","article_modified_time":"2021-02-26T14:58:56+00:00","twitter_card":"summary_large_image","twitter_site":"@NA","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/","url":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/","name":"6. Evaluation of other similar companies - Bittnet Investors Relations Site","isPartOf":{"@id":"https:\/\/investors.bittnet.ro\/en\/#website"},"datePublished":"2021-02-26T13:49:54+00:00","dateModified":"2021-02-26T14:58:56+00:00","breadcrumb":{"@id":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/6-evaluation-of-other-similar-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/investors.bittnet.ro\/en\/"},{"@type":"ListItem","position":2,"name":"Current and historical financial results","item":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/"},{"@type":"ListItem","position":3,"name":"Preliminary Financial Results for fiscal year 2020","item":"https:\/\/investors.bittnet.ro\/en\/current-and-historical-financial-results\/4q-2020\/"},{"@type":"ListItem","position":4,"name":"6. Evaluation of other similar companies"}]},{"@type":"WebSite","@id":"https:\/\/investors.bittnet.ro\/en\/#website","url":"https:\/\/investors.bittnet.ro\/en\/","name":"Bittnet Investors Relations Site","description":"Your Value. Upgraded.","publisher":{"@id":"https:\/\/investors.bittnet.ro\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/investors.bittnet.ro\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/investors.bittnet.ro\/en\/#organization","name":"Bittnet Group","url":"https:\/\/investors.bittnet.ro\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/","url":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","contentUrl":"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2019\/05\/logo-grup.png","width":807,"height":442,"caption":"Bittnet Group"},"image":{"@id":"https:\/\/investors.bittnet.ro\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/BittnetSystems\/","https:\/\/twitter.com\/NA","http:\/\/na","https:\/\/www.linkedin.com\/company\/bittnet-group\/","https:\/\/www.youtube.com\/user\/BittnetSystems"]}]}},"_links":{"self":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/11315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/comments?post=11315"}],"version-history":[{"count":3,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/11315\/revisions"}],"predecessor-version":[{"id":11375,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/11315\/revisions\/11375"}],"up":[{"embeddable":true,"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/pages\/11283"}],"wp:attachment":[{"href":"https:\/\/investors.bittnet.ro\/en\/wp-json\/wp\/v2\/media?parent=11315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}