Anyone who is in finance would know this already, but here it is again;
Tyro's valuation is not well understood. If the cashflow profits after capex spending are % of the revenue, then you just have to do an 18X multiple + small exit multiple + adjustments + banking license premium, you are looking around $2.50 - $2-80 per share. This is before rerating that might come again.
Another stats is if they make $2500 in revenues per year for a small business, which is quite easy and super conservative, and they might have 120,000 businesses signed up, then this will be around $4-$5. Now what are the chances? Very high. The question is just when.
When you have a banking license, you can get highly creative.
TYR Price at posting:
$1.16 Sentiment: None Disclosure: Held
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