Using the projected Bizmoto revenue figure of $20M, it appears...

Using the projected Bizmoto revenue figure of $20M, it appears that PIL could be 8x undervalued when comparing the Market Cap and Revenue figures (Price to Sales [P/S] Ratio) to other similar companies (which have an average P/S of 11.83).

Projected PIL MC:
= Rev $20M x P/S 11.83
= $236M (8x current MC of $29.47M)
ie. a projected share price of 12c

That’s despite the fintec sector being out of favour currently. Using the P/S sector average of 41.1x from last year, PIL could be 32.2x undervalued when the sector rotates back into favour.
ie. projected MC of $822M (ie 27.9x current MC, with a share price of 41.8c)

——-

Price to Sales Ratio (P/S) Comparison:
EML: MC $1.236B / $192.22M Rev = P/S: 6.43x
PPH: MC $1.417B / $187.04M Rev = P/S: 7.58x
Z1P: MC $2.55B / $397.07M Rev = P/S: 6.42x
SZL: MC $604.69M / $104.03M Rev = P/S: 5.81x
IOU: MC $88.226M / $7.19M Rev = P/S: 12.27x
APT: MC $24.89B / $836.05M Rev = P/S: 29.77x
SPT: MC $133.772M / $9.19M Rev = P/S: 14.56

Mean P/S Ratio of the 7 companies listed above = P/S 11.83x.

These companies had a P/S of 41.1x last year.