Pricing BET is a tough one given there are plenty of moving parts in action currently been played out. I thought I'd compare it to Pointsbet PBH as a quick little reference. Different offerings/Business but similar field and both growth names.
PBH
Mkt cap - $2.2B
ARR from last quarterly would be around - $152M
Stock trading on 14.5x revenue
Losing $ as it strives for growth in US
BET (including $10M SPP)
mkt cap - $490M
ARR going off the combined business with sports tech
-$56M
Stock trading on 8.5x revenue
If we moved this to 14.5X for comparison reasons we get a share price of $1.16
($56M x 14.5)/700M shares
The fact BET is earnings positive should give a greater revenue multiple also. Fixed odds, further synergies from acquisition and future contracts would again be catalyst to increase this valuation.
Is $1.50+ really that out of the question....Thoughts?
*Happy for anyone to correct me on my calculations this was done up quickly.
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Last
8.9¢ |
Change
-0.003(3.26%) |
Mkt cap ! $85.89M |
Open | High | Low | Value | Volume |
9.4¢ | 9.4¢ | 8.6¢ | $215.2K | 2.448M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 137493 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.088 |
1 | 87892 | 0.086 |
3 | 206235 | 0.085 |
2 | 170000 | 0.084 |
1 | 500000 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 40000 | 1 |
0.093 | 50000 | 1 |
0.094 | 95966 | 1 |
0.095 | 88811 | 3 |
0.096 | 400000 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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