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Message
re: Voyager - VYGVF Due Diligence
Posted on 4/1/21 at 8:47 pm to tenderfoot tigah
Posted on 4/1/21 at 8:47 pm to tenderfoot tigah
quote:
Companies in the same field are usually valued by the same metrics.
Coinbase being valued 43x revenues vs Voyager at 15x revenues. Voyager would need a massive increase in value to bring their value to where it should be.
Going back to my original post in this thread - these metrics are useless when you’re comparing apples to oranges. What was Coinbase’s revenue over the same period?
Regardless, I think you can make a strong case for the stock without all the Coinbase fuzzy math.
1
Posted on 4/1/21 at 9:43 pm to slackster
quote:
Going back to my original post in this thread - these metrics are useless when you’re comparing apples to oranges. What was Coinbase’s revenue over the same period?
The math is using 2021 projected revenues for both companies with conservate estimates for Voyager. Any suggestions on a better way to project future share price?
If Voyager announces another 100k new customers in March, my share price of $68.8 is low. Based on what the CEO is describing as another month of "explosive" growth, I think we can safely stick to the $68.8 number as the fair value for Voyager. A year from now it may be considerably higher as they get closer and closer to the 40 million customers Coinbase has.
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