The $3.56M revenue is per quarter x 4 = $14.24M annual run rate.
$60.2M MC - $11M cash = $49.2M / $14.24M = x3.45 multiple
50% YOY growth should have a multiple of x9 x $14.24M = $128.2M + $11M cash = $139.2M MC or about 61c SP fair value.
If revenue grows 50% YOY = $21.36M x 9 = $192.24M + $11M cash (breaking even) = $203.24M MC or about 89.5c SP fair value without the Neobank. The Neobank can potentially add another $100M MC or about 44c SP.
Potential end of year target $303.24M MC & $1.33 SP = x5 upside.
DOU without revenue $321M MC peak & Xinja $433M MC therefore the above is not unrealistic. NOV will have circa $21.4M revenue run rate at current growth rate of 50% YOY by end of this year.
Novatti - The $1 party, page-2
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Last
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Mkt cap ! $18.46M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.2¢ | 5.0¢ | $3.185K | 63.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13200 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.2¢ | 75440 | 1 |
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| Last trade - 15.10pm 06/05/2024 (20 minute delay) ? |
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5.2¢ |
Change
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.3¢ | 5.0¢ | 121940 | ||
| Last updated 15.10pm 06/05/2024 ? | |||||
| NOV (ASX) Chart |