Looking at this FY I agree with your 1B expected to process. Considering the margins being 1% - 2% then we could derive revenue of 10m - 20m as you say. With a multiplier of 10 and SOI of close enough to 4.1B assuming Capricorn take their 412m at 0.0175
This should see a SP between 2.4c and 4.8c
As to future revenue, my understanding is Capricorn payments alone will be over 20B +, Carpet Court 1B, Ebev does 2.2B and using a similar model to CC and Cap could put Ebev around 11B +, AgriChain, using your number of 4.4B and the CC model (x 5) could be 17.6B
Payment flow totals are 49.6B from my understanding and I believe this to be a conservative number and also not a number anyone should expect this FY. That's been dealt with above.
Looking at the multipliers of 5 should see the SP of 60.5c and with the multiplier of 10 would obviously be double that at $1.21
Having an understanding of the CC deal and timelines might help holders put a time frame to these numbers which I have done but isn't something I'd be prepared to publish here.
I'll also add I have seen a company with similar offerings to Spenda, although much smaller, with a current multiplier around 130
SPX Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
(20min delay)