Highest margins in the sector due to scale and loyalty of user base
The revenue and earnings multiples are very high
Growth outlook is modest because of the domestic focus and high market share
MYOB is a suite of accounting software designed for SMEs and self-employed individuals. It provides online payroll, bills and payments management has features such as Invoice On The Go, Pay Super and MYOB Essentials which provides for cash flow management and tax planning and cloud-based collaboration with bookeepers. MYOB has almost 600,000 subscribers, and 250,000 online subscribers.