For Afterpay to drop back to a more reasonable 20x multiple same as affirm would mean a share price half of today's basically.
Or alternatively to maintain its current 42 Billion mkt cap it should already be delivering 2 billion in revenues. Last FY (Oct 2020) it delivered 502 million revenues. So has the mkt baked in 2 years of consistent 100% YoY growth to Afterpay already?