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xerxes_ph

9,081 Posts.

07/06/17

12:32

Post #: 25147386
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Originally posted by ValueTrader82 ↑

So just to reclarify, if we use a direct comp from Klarna... they are running at a valuation of around $1m per $1m in book... so $2bn book, $2bn business... pretty crude measurement, but they are at size and it just backsolves... so by the same token, if we apply that theory to AFY, who are on a $60m book...and valued at $540m... by Klarna's own metrics, they are nearly 10x overvalued and with nowhere near the addressable market size.... and $1m val per $1m in book, is already an expensive proposition - @Mexicanandre @dubspec ... definitely puts how silly this all is into perspective

In fairness, because they are growing, you would discount their future book size, at maybe FY18-19.. because they have the equity and lines to get there... so $200m at a stretch for a valuation...which is hugely generous at 3-4x current book to dollar multiple.

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Nice to see that our resident financial guru on this thread is back to save misguided holders from financial ruin.

AFY Price at posting: $3.00 Sentiment: Buy Disclosure: Not Held
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