They updated their filing this morning. See here.
- $68 a share
- $19.3bn market value
- B shares will have 20 votes / A shares 1. :(
- 9x multiple of 2018 revenues.
Anyone seen some forecasts from analysts? Love to see what the assumptions and multiples are!
In the meantime, here's a dummy model, in a rosy scenario:
| Dec year end | 2016A | 2017A | 2018A | 2019E | 2020E | 2021E | 2022E |
|---|---|---|---|---|---|---|---|
| Bookings | $1.9bn | $4.6bn | $8.1bn | $15.0bn | $25.0bn | $35.0bn | $45.0bn |
| Revenue | $0.3bn | $1.1bn | $2.2bn | $3.5bn | $6.0bn | $8.5bn | $11.0bn |
| EBITDA | -$0.7bn | -$0.7bn | -$0.9bn | -$0.5bn | $0.0bn | $1.5bn | $3.0bn |
| Net profit | -$0.7bn | -$0.7bn | -$0.9bn | -$0.9bn | $0.3bn | $1.0bn | $2.0bn |
| EPS | -$37.08 | -$35.53 | -$43.04 | -$3.16 | +$1.10 | $3.50 | $7.00 |
So I'd be paying 60x next years EPS and 20 times 2021. And for the investment bankers... it's 10 to 12x EBITDA 2021.
Submitted March 18, 2019 at 07:06AM by shane_stockflare https://ift.tt/2TXdC35
