WZR Significantly Undervalued vs Market Leader, page-36

yes that add and the business model ticks the market sentiment box.
also the model does not make the merchant pay the fee, which means the fee gets passed on to the price for all consumers, because of the few.
but those 2 asx companies are in a different category of finteck. when they realise their folly they should get some wisr.

"Our base case DCF valuation is $0.131/share and rises to $0.254/share if these new revenue streams contribute as we envisage.Historical earnings and RaaS Advisory estimatesYearendRevenue(A$m)EBITDA(A$m)NPAT (A$m)EPS(c)EV/Rev(x)P/E(x)Jun-18a1.6(6.14)(6.21)(1.40)13.4n/aJun-19e6.4(0.91)(0.65)(0.13)4.3n/aJun-20e12.23.62.40.452.9 11.8 Jun-21e19.09.46.51.202.1 4.4 Source: Company Data,RaaS Advisory"