Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA, page-34

Please show us your workings for your absolutely fictitious PE rating of 10-12? As much as I'd like them to have positive net income to have have a positive PE rating, they don't.

Perhaps you mean forward PE, and of course would still be wrong. You really do talk crap again and again on here. Just make up stuff as you go along. Anyway, more importantly to all investors, long or short than your drivel and fictions:

Meanwhile:

Lets look at those versus my drowned out attempts to forward discuss these results on the other thread you took over with other fictions (ZIP "purchsing" small shareholdings and requiring a capital raise to do so - you really do just make crap up):

"It also important to consider as a % of TTV (total transaction value) as well. Its revenues as a % of TTV were 7.9% ($693mill/$8.816bill) at full year, up from 7.3% ($597mill/$8.157bill). That is, the TTV ZIP was involved in grew by 8.1% on the year, but its revenue from that by more at 16%. Analysts will expect ZIP's revenues as % of the TTV to be pushing into 8%+, particularly given the slight slowdown in overall TTV growth $2.2b (up 15% YoY) in this update last year, but that growth tailing off in the financial year, showing only 6.4% (YoY) for 4QFY23."

So TTV increase of 11% will have beaten mkt expectations.
Group revenue growth of +32% will have similarly beaten mkt expectations and ZIP have clearly continued their strong revenue as % of TTV.

"Contrary to the generic macro-economic fears down-rampers try to blithely assign to ZIP, its shown above that its overall business still grows, albeit that expansion slowing a bit, and more so does it earnings metrics within that, as ZIP improves the business. Revenue margins were only 7.6% in 4QFY22, and a lowly 7.4% this time last year in this equivalent trading update, but were much improved to 8.5% in the final quarter of FY23. They will likely need to be in the 8-9% range to not disappoint analysts."

Oooh look Muriel, revenue margins 8.9%, right at the top of the range I, and far more importantly, analysts will have been expecting.

"Cash transaction margins all important of course, and in the 1QFY22 update were 2.2%. Those margins improved to 3.1% for the final quarter of the FY23 (up from 2.8% in Q3 FY23) - they were 3.1% in FY2021 and 3.8% in FY2020 for context - and analysts will expect to see them in the low 3% range from company guidance/noise.The eyes of some of my less esteemed posters (who inspire me to post some more factual information on ZIP threads) will of course be focused on bad debts. Again, to give Hot Copper readers a little more context, ZIP reported bad debts at 1.89% in 3QFY23 and 1.86% in 4QFY23. ZIP needs to keep them below its 2% target range in 1QFY24 and very loosely US improvements have recently offset AU declines"

Cash transactions, as said in the post, 3.1% ending FY2023! Wow, now 3.5%. That's a very nice margin and will be pleasing the analysts.

Oh and the most disappointing things for all the down-rampers on here, bad debts still under 2%. And the scaremongering on Aussie arrears and bad debts being terrible, of course proving drivel, and net bad debts in AU only see a small tick up: