Time for a healthy pullback, page-95

I’ve always thought that even without any overseas expansion NEA is worth around $0.6 to $1 from just domestic activities right now.

This is just a “sentiment” evaluation because I completely understand they have not yet made any profit so an in-depth analysis might not be possible.

But if we just roll with this and simply use the population size of each county as a rough market opportunity guidance (& catering for some risk) then it is entirely possible to project a sentiment evaluation of around:

$1.2 for AUS,
$0.3 for NZ,
$2 for USA, (and that is being very conservative)
$0.5 for Canada

Which is around $4. And with breakeven in FY19, we are lead to believe that achieving this won’t even require Nearmap to touch a cent from the $70m recently raised (which could then be used for a dual Europe &/or Asia expansion).

But regardless in how each of us values the stock, at today’s price of around $1.7, I too believe it is currently significantly below fair value.