You're suggesting a 1bil market cap? Its actually not so farfetched.Now you can even put some structure around a 1 bil market cap to support it. Its about a 6 x forward revenue multiple (less than affirms currently) or a 30 x adjusted ebitda multiple- now using ebitda might be a bit of a stretch, but forward ebitda is looking like it will accelerate, based on recent growth.
Over-riding that is the fact that ultimately this is a fintech where valuations need to look way forward and two other similar sized bnpl have recently been valued at usd2bil each, tabby and zilch. Although these are both unlisted theyre definitely comparable in terms of service, size, customer base, etc, also neither are competitors being based in saudi arabia and the uk.
Actually my understanding is that zilch at least is still loss-making with a much smaller customer base. Sezzle is established, profitable, with a stable customer base and positioned for growth.
LOL maybe 1bil is a bit low? What do you reckon
SZL Price at posting:
$15.00 Sentiment: Buy Disclosure: Held
