ASX:CI1 - Credit Intelligence. The other side of BNPL. And profitable, page-406

Easy: the "value" of this - or any other - BNPL stock is essentially splitting the difference between the bid & ask. If you think the share price will be higher 3 years/months/days/hours from now, then it's worth buying. That's how all stocks are "valued" right now: sentiment alone. Everything is trading at 30x earnings or more. I suppose you can sit it out for another 10 years and buy Telstra or some other blue chip and be a true value investor, but you'll miss out on making an awful lot of money in the meantime. I mean, was Ozemail "worth" the $70m in shares when Malcolm Turnbull sold it just before the dot-com bubble burst? On the fundamentals, maybe not. Why don't you pop down to his Point Piper mansion and let him know that he should've had his net worth in Coca Cola lol.