Obviously the valuation of the company is highly dependent on the US/UK/Europe operations. Everybody understands this.
Once you follow the company for a bit longer than a quarter you will realise that during the first few years of operations, the ratio of prime BNPL users is lower than a maturing market. (Ie US vs. AUS). As the percentage of high value customers increases the profitability of that geographical segment does as well.
Sure, competition in the US is fierce and will continue to be, requiring a higher level of investment but maybe if you look at the UK (Clearpay btw) a little light bulb may flicker in your skull.
APT Price at posting:
$106.62 Sentiment: Hold Disclosure: Held
