+$25 tomorrow?, page-40

Just to clarify a mistake in your calculations, Afterpay are forecasting 20B++ in TTV (total transaction value) not revenue by 2022. Which equates to likely revenue of just under $800m and estimated EBITDA of $400m. I agree plenty of upside for the Shareprice and this 20B TTV seems more then achievable by 2022.

I think this Christmas will be absolutely explosive for AfterPay in the US and will hit that 20B in TTV 12 months early.

5-10 year horizon afterpay will have a market cap well in excess of $100B, especially if it can continue to reproduce its success in other markets. Just look at Paypal as a great example.