I try to value companies based on what I think the future cash...

I try to value companies based on what I think the future cash flows will be like discounted at what rate of return I want but also based on current rates. At current interest rates it looks to be worth 2 dollars to me with a pretty decent growth rate too. It interest rates were to also stay lower which by the looks of things they might for a while this makes it worth even more. But yes if this stock was in the us it would be valued at 3 dollars at the least based on its online penetration alone. I think joining an index will give notice but time will tell Australia is different.