Jokt
Bullish
now
$BBKCF Valuation based on Piers: In my estimate if Netcoins is able to continue this growth trajectory, the revenues for financial year 2021 should exceed CAD $40 Million. Kraken digital is asking for a $10 Billion valuation today. In 2019 it raised $100 Million based on a valuation of $4 Billion with estimated revenues of $32 Million that year. Coinbase (COINB) is trading Pre IPO with a valuation of more than $100 Billion. It reported a revenue of $1.1 Billion in 2020. These numbers give a valuation to revenue ratio of more than 100. If Netcoins were to make CAD $40 Million in revenues this year, this ratio would value the company at CAD $4 Billion Share price based on outstanding shares currently $16.50
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