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$2.08 nearmap ltd

One possible NEA BlueSky Valuation $3.73, page-7

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CB London

42 Posts.

15/03/19

15:32

Post #: 37776911
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Originally posted by crystalblue: ↑

I was looking at some simple comparison figures between Afterpay Touch (APT) & Nearmap (NEA) this morning at au.investing.com and wanted to share some findings.

I've compared Nearmap to Afterpay Touch because both are on a RAPID GROWTH trajectory, hitting it BIG in the USA, both companies are yet to be profitable, and both have a "BlueSky" potential and hence are very difficult to valuate (especially on the upside).

The only issue with Afterpay Touch is that there are now a few "Me Too" competitors such as ZIP and Splitit coming into the market, whereas Nearmap really do not face such competitive issues.

APT last traded at $20.80
APT Market Cap is $4.95 Billion
APT Price to Sales ratio is 25.43
https://au.investing.com/equities/afterpay-holdings-ltd-ratios

NEA last traded at $2.98
APT Market Cap is $1.32 Billion
NEA Price to Sales ratio is 20.3
https://au.investing.com/equities/nearmap-fpo-ratios

So if Nearmap was to trade at a similar Price to Sales ratio of 25.43 then we will arrive at a share price of close to $3.73 for NEA.
Being (25.43 / 20.3) * $2.98 = $3.73.

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A better comparison is NEA v WiseTech

NEA Price at posting: $2.86 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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