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.
- Forums
- ASX - By Stock
- MME
- MME Train
MME Train, page-11
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MME (ASX) to my watchlist
|
|||||
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.00M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $7.213K | 65.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 64411 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 165972 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 64411 | 0.110 |
7 | 380362 | 0.105 |
10 | 798655 | 0.100 |
1 | 50000 | 0.096 |
3 | 35894 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 165972 | 3 |
0.120 | 46339 | 1 |
0.125 | 59465 | 4 |
0.130 | 188900 | 5 |
0.135 | 284275 | 4 |
Last trade - 11.10am 12/09/2024 (20 minute delay) ? |
Featured News
MME (ASX) Chart |