If you look at the major brokers/investment banks, they are modelling APT on a 5% average merchant fees in the US. And that flatlines at 5% forever. Of course you get a price target of $20/share. Drop it back what zip charges, 2-3% and the result may be interesting.
Re zippay/zipmoney, remember zip's revenue yield (target) on their receivables book is 20%. Currently at ~18%ish.
If you pay back sooner or keep the balance until its interest bearing, their revenue yield on their receivables book doesn't change.
They're building a long term sustainable business. Both of zip's products complement the model.
Again, I think zip is grossly undervalued here.
Ann: Quarterly Report and Appendix 4C, page-51
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$1.79 |
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Mkt cap ! $2.011B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 700 | $1.77 |
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| Price($) | Vol. | No. |
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| $1.79 | 29305 | 1 |
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