Originally posted by AimForSimon
Just doing back of envelope numbers.
e-commerce market in Australia is around $25b. Afterpay says they have gained about 10% share which is generation revenues of $241m (FY19 consensus). The market share was gained over 3 years.
US e-commerce market is around $US650 billion. which based on same market share gain over next 3 years would generate revenues of around $6.2b.
If we assume a more mature revenue multiple of 5x in 3 years then we get a market cap of $35b.
which for simple maths is 10x current share price or around $130 a share.
