Again you fail to understand. So what if the insignificant Australian business is profitable? That has no bearing on the rest of the world nor the bottom line, as the business as a whole is becoming more and more unprofitable.
And I can assure you the valuation has very little to do with the Australian market.
The company's core product is BNPL (not a geographical segment) which, as a whole, is unprofitable. It's naive to extrapolate this - for many reasons, which to me at least, are obvious.
