Buckle up for $2, page-1440

I don't know how much knowledge you have of company valuation models, but the most sensitive variable is the growth rate g. Any small change in g has huge impacts on share price. FXL has much less prospects for growth due to them having legacy businesses, capital tied up in higher valued, low frequency BNPL products, pays a dividend etc. So slower growth means you can't compare FXL to rapidly growing (very high g ) companies like Afterpay.

Add to that the fact that FXL has high default rates and higher credit risk, and a less nimble business (although that side is comparable to ZipMoney)...

I'm sure FXL will do well, the whole sector is going through growth, but it's unlikely FXL will ever experience growth like APT and Z1P. AIMO.