Afterpay Valuation, page-5576

I made a mistake above, allow me to correct my valuation.

To provide a valuation of APT currently, consider that the Nasdaq PE multiple as of 12/31/20 was 39.46. note, this was BEFORE the massive (approx 10%) correction it has just had, where we would now expect this number to be significantly lower.

APT EBITDA = 46M
SOI = 285M
EPS = 16.1c/share
current SP = $111

Current APT PE multiple = 689

In conclusion, APT is currently 20x overvalued, when compared to the very, very GENEROUS, pre-correction Nasdaq multiple. Even if we were to use DOUBLE the multiple for whatever reason, the target share price is $10 - $12. This gives you an idea of how incredibly overvalued this company has become.

For APT to be valued correctly at the current SP, they would require earnings of 800M, as of RIGHT NOW. I understand why those blokes who sold out said they were getting paid for the next 7-8 years worth of earnings, this valuation prices in all of the absolute best case outcomes, and does not consider the risks at all.