P/E is not the sole, or even the primary basis for the valuation of a lender, with loan book size being another key factor. When MoneyMe announced that it had completed its acquisition of SocietyOne (for $132m), the first point it raised was that it had added $402m to the size of its loan book. Based on this measure, Wisr's MC should be around $300m ie 5-6 times what it is today. Of course, MoneyMe was buying a competitor, and anticipated substantial cost savings, scale economies, and other benefits, but I remain convinced that Wisr is seriously undervalued.
P/E is not the sole, or even the primary basis for the valuation...
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.75M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $4.874K | 131.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 310316 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 499670 | 3 |
View Market Depth
| Last trade - 15.45pm 13/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
0.000 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.7¢ | 3.7¢ | 45079 | ||
| Last updated 15.17pm 13/05/2024 ? | |||||
| WZR (ASX) Chart |