Here is a real quick valuation i whipped up, i dont hold but will be looking to become a holder sometime this week. Wish i could wind of this stock sooner.
MME is forecast to report net earnings for 2020 at $4.73M and that is expected to grow $10.13M by mid 2022. Where revenue increases from $47M to $90M in the same period. This represents ~215% increase in net earnings. EPS will grow from 0.026 to 0.059 in that same two year period.
Using the discounted cash flow model an intrinsic value of $2.485 is derived by using the current TTM EPS of 0.025 and terminal growth rate of 6% for 5 years and an active 107% growth rate for two years. A two year price target of $2.48 is to be achieved, i always general assume a 15% leeway. So a realistic target of `$2.11
I believe MME's growth will exceed 6% long term with their constant innovation and product releases, however to ascertain a real value figure, 6% terminal growth was used. The consumer lending market is expected to grow by 21% CAGR per year for the next 4 years and it would be realistic to think that MME growth would be too far from that within the same period.
Currently the stock is 83% under its intrinsic value and represents very good value and huge upside for the next two years and the future could hold bigger things.
Any thoughts would be appreciated.
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Last
8.7¢ |
Change
0.001(1.16%) |
Mkt cap ! $68.80M |
Open | High | Low | Value | Volume |
8.5¢ | 8.7¢ | 8.5¢ | $6.686K | 77.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29996 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.7¢ | 643 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 0.084 |
1 | 3109 | 0.082 |
2 | 175012 | 0.080 |
2 | 62820 | 0.078 |
1 | 60031 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 57724 | 1 |
0.094 | 80000 | 1 |
0.095 | 100400 | 2 |
0.096 | 100000 | 1 |
0.097 | 214438 | 1 |
Last trade - 10.07am 07/08/2024 (20 minute delay) ? |
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