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This ASX share has outperformed Ethereum and Bitcoin in the last three months

There’s been a lot of hype around cryptocurrencies in recent weeks and it isn’t hard to see why.

As of yesterday’s close, in the last three months Ethereum had gained 256% and Bitcoin had put on a gain of 72%.

Clearly this is an impressive return for those brave enough to invest their hard earned money in what could arguably turn out to be nothing more than a fad.

But as impressive as it is, there is a share on the Australian share market which has managed to outperform even Ethereum in the last three months.

Since April 18 the Big Un Ltd (ASX: BIG) share price has climbed a remarkable 259%. This strong run means that its year-to-date gain has now reached a whopping 595%.

Importantly, this gain isn’t the result of speculation and day-traders gambling, it is the result of the video technology company delivering a staggering increase in its cash receipts.

Strong demand for its video subscription products means that management expects cash receipts growth in excess of 429% this year to over $21.5 million.

According to its latest quarterly update, approximately $9.4 million, or 43%, of these cash receipts were generated in the fourth-quarter alone.

Which means that if Big Un can at least continue at the current run rate in FY 2018, cash receipts will reach $37.6 million. That would be a 75% increase on the unaudited $21.5 million it has generated in FY 2017.

Is it too late to invest?

With 135.3 million shares outstanding and the share price currently $1.60, Big Un has a market capitalisation of approximately $216.5 million.

This means that Big Un’s shares are changing hands at approximately 5.8x annualised sales.

Whilst this is a premium to the market average of 3.3x sales, it is significantly cheaper than fellow fast-growing tech shares such as Altium Limited (ASX: ALU) and Catapult Group International Ltd (ASX: CAT).

This could arguably be a sign that there’s still plenty more upside ahead for its shares, especially if it can build on its fourth-quarter performance.

As well as Big Un, I would suggest investors consider an investment in one of these three growth shares as well.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Altium. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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