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.
FYI An extract from the most recent RAAS Report, the broker who...
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