FYI An extract from the most recent RAAS Report, the broker who is covering RNT!
Base-case DCF valuation of $0.28/share Our base-case DCF valuation for Rent.com.au is $0.28/share (previously $0.31/share) after adjusting for the additional shares being issued in the placement. In dollar terms our basecase valuation has lifted slightly to $125.3m from $123.0m. Our valuation is predicated on our expectation that RentPay will secure 5% of renters on its platform by FY23 and 20% by FY30. Evidence of faster-than-forecast takeup of RentPay together with the expansion of RentPay into other transactional products will likely result in our forecasts being revisited.
RNT Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
