APT AU

Afterpay Touch Group Ltd

TMT, Finance/Real Estate


Presented:05/29/2019
Price:A$25.05
Cap:$4.68B
Current Price:A$66.47
Cap:$15.63B

Presented

Date05/29/2019
PriceA$25.05
Market Cap$4.68B
Ent Value$2.30B
P/E RatioN/A
Book ValueA$1.45
Div Yield0%
Shares O/S238.84M
Ave Daily Vol1,887,891
Short IntN/A

Current

PriceA$66.47
Market Cap$15.63B
Afterpay Touch Group Ltd. is a multinational technology driven payments company. Its products and businesses include Afterpay and Touchcorp. The Afterpay engages in f retail innovation in the markets. The Touchcorp comprises of digital payment businesses for the telecommunications, health, and convenience retail sectors. The company is founded in 2017 and is headquartered in Melbourne, Australia.

Publicly traded companies mentioned herein: Afterpay Touch Group Ltd (APT AU), Alphabet Inc (GOOG), Designer Brands Inc (DBI), FlexiGroup Ltd/Australia (FXL AU), Rakuten Inc (4755 JP), Synchrony Financial (SYF), Urban Outfitters Inc (URBN), Zip Co Ltd (Z1P AU)

Highlights

The presenter is long shares of Afterpay Touch Group Ltd (APT AU), the leading installment payment provider in Australia. APT partners with apparel, fashion, and beauty retailers to allow consumers to receive a product upfront while splitting the payment into four installments over the course of 42 days (i.e., the consumer pays the first installment immediately, then gets charged every 14 days). While adoption has been impressive, the presenter sees various opportunities for the business to expand rapidly and for the stock to be a “multi-bagger” over the next 12 – 24 months as US penetration continues, brick and mortar penetration increases, and the opportunity to monetize APT’s strong customer engagement remains.

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Idea Discussion

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