Here is a real quick valuation i whipped up, i dont hold but...

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.