Hi all - I was digesting another consumer lender that I have held and done well with, Money3, as a comparison having seen Wisr's stunning growth trajectory.
Money3 is currently valued at circa $650M, writing loans that are comparable (though lower quality/higher yield) to Wisr, but without acquisitions they basically haven't been able to grow (the reality is that low quality TAM is lower than WZR's).
If you compare these 2 charts side by side, its incredibly compelling, and tells me that WZR is hugely undervalued (dragged down by the failure of other fintech lenders IPO's and other factors, not its own performance). The market is already aware this is the best business in the sector, but when you placed it alongside an established comparable like Money3, I think its easier to see WZR being worth $700M+ (or 50c share price) in the very near term. Exciting comparison for us holders!
WZR is flying past them, with a bigger, better quality loan book, and the WZR comparable CAGR over the same period is in the 200%+ i think, compared to Money3's 30%!!!!!
WZR Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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