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Quarterly
SaaS Report
2Q23 2Q23 SaaS Summary
●Outlook across the broader markets has improved as core inflation demonstrated a notable cooling toward the end of 2Q23, generating
optimism for the potential easing of interest rate hikes. Interest rate hikes paused in June, but Federal Reserve officials have indicated
additional hikes are likely required this year to tame inflation.
●The Consumer Price Index (CPI) increased by 3% YOY. This change marks the lowest increase in two years and further improves market
sentiment for investors and consumers.
●Improving market sentiment coupled with industry excitement around AI have contributed to a strong first half for B2B SaaS stock
performance. The YTD median share price performance of the SEG SaaS Index posted growth of 19.1%. The median EV/TTM Revenue
multiple of the SEG SaaS Index continued its rebound from 4Q22 lows and arrived at 6.0x, a slight improvement over last quarter’s 5.8x.
●The average EV/TTM Revenue multiple for SaaS M&A was 5.6x, falling slightly below 1Q23’s 5.9x average. High-quality businesses
continue to garner significant interest and command above-average, premium multiples in today’s market。。。以下略