RE: SYME Valuations12 Sep 2020 22:01
Things to remember for syme valuation.
Cost does not grow with revenue, wages grow slowly as the software get more and more mature.
So taking half of the revenue as cost is too match, but even at this very conservative view. 1 billion worth of transactions will net syme 10m. That is 100m mcap, given future expantion. At the moment
Syme has say 600 companies on the book with average 13m. That is 7.8B which is equivalent to 80-120m net profit. That is 800-1200m mcap. Sp should be 3-6p.
Mcap is calculated as 5-10 net profit.