Ecommerce play Zebit (ASX:ZBT) became the latest US fintech to join the ASX when it listed on October 26.
The company’s offering includes a BNPL service as part of a broader online shopping platform for US customers.
Applying a discounted cash flow (DCF) model, Younis arrived at a 12-month valuation of $2 per share — a premium of around 75 per cent to yesterday’s close.
The forecast is based on Zebit’s capacity to maintain its historic rates of revenue growth, and resulted in a buy recommendation with a high risk rating.