NEA 0.37% $2.71 nearmap ltd

One possible NEA BlueSky Valuation $3.73

  1. 267 Posts.
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    I was looking at some simple comparison figures between Afterpay Touch (APT) & Nearmap (NEA) this morning at and wanted to share some findings.

    I've compared Nearmap to Afterpay Touch because both are on a RAPID GROWTH trajectory, hitting it BIG in the USA, both companies are yet to be profitable, and both have a "BlueSky" potential and hence are very difficult to valuate (especially on the upside).

    The only issue with Afterpay Touch is that there are now a few "Me Too" competitors such as ZIP and Splitit coming into the market, whereas Nearmap really do not face such competitive issues.

    APT last traded at $20.80
    APT Market Cap is $4.95 Billion
    APT Price to Sales ratio is 25.43

    NEA last traded at $2.98
    APT Market Cap is $1.32 Billion
    NEA Price to Sales ratio is 20.3

    So if Nearmap was to trade at a similar Price to Sales ratio of 25.43 then we will arrive at a share price of close to $3.73 for NEA.
    Being (25.43 / 20.3) * $2.98 = $3.73.
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