If you look at the major brokers/investment banks, they are modelling APT on a 5% average merchant fees in the US. And that flatlines at 5% forever. Of course you get a price target of $20/share. Drop it back what zip charges, 2-3% and the result may be interesting.
Re zippay/zipmoney, remember zip's revenue yield (target) on their receivables book is 20%. Currently at ~18%ish.
If you pay back sooner or keep the balance until its interest bearing, their revenue yield on their receivables book doesn't change.
They're building a long term sustainable business. Both of zip's products complement the model.
Again, I think zip is grossly undervalued here.
If you look at the major brokers/investment banks, they are...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |