Wonderfi Technologies Inc Hauptforum Forum: Community User: Support

Ich gehe im 2ten und 3ten Quartal von ( marginal) geringeren earnings aus und steigend dann ab dem 4ten Quartal. Hier eine realistische Einschätzung von wainwright capital auch zu den noch nicht einschätzbaren Snergien…..Revenue estimates up on consecutive surprises. In light of yesterday's release, we are raising our FY24 sales estimate to C$71.0M, up from C$51.0M, noting that our new take appears perhaps overly conservative. The significance of the bump would normally justify a price target review, but given the stock has hardly moved since our initiation of coverage July here, we think investors may just need more time to rationalize the circumstance of combining BitBuy, Coinsquare, Coinsmart, Coinberry, Bitvo, and now FX Institutions, and as such, we remain more comfortable suggesting still an almost double in valuation. We further offer that we are as surprised as anyone would be that WonderFi's team was able to pull together as many moving parts as it has over the past 9-10 months, and understand that back-end supporting infrastructure has plenty of runway to execute at higher trading volumes. We are not yet providing a look at 2025 but intend to do so in the near future. Buy rating and a C$0.50 price target stand. Our C$0.50 price target represents roughly 4x enterprise value-to-sales on our new C$71.0M FY24 year sales estimate where our target WonderFi valuation multiple falls further below the referenced group average in our initiation report here. Our accorded WonderFi multiple now appears far less aggressive in comparison and in light of generally accepted valuations of established tech as WonderFi has grown into our initial assumptions on demonstrated execution. At our target price, WonderFi would carry an approximate C$316M market capitalization on a fully diluted basis. Associated risks include crypto risk, potential regulation, bad actors’ illicit behavior on the Internet, and potential dilution, among other operating risks detailed in the company’s SEDAR filings.