Morgan Stanley have increased their average SP Target for APT to $170 a share based on a 28x FY22e revenue.
Haven't seen their numbers yet but it implies they are forecasting ~$1.7bn turnover for APT in FY22, given ZIP's current annualised revenue of $500m is roughly half that of APT's current $920m a year, you could argue ZIP hitting somewhere between $800 - $900m (half APT) in FY22 is easily achievable based on our current growth rate, that would imply at least a +$40 share price today for Zip using similar valuation metrics.
Zip boss frustrated by stock's valuation relative to Afterpay, page-183
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |