IPO Robinhood Markets (economic model)

IPO Robinhood Markets (economic model)

Ticker: HOOD

Financial services platform.

to 27.07.2021 20:00 [MSC]

Revenue

2019: 277,5m | 2020: 958,8m | 245.5%

20Q1: 127,6m | 21Q1: 522,2m | 309.4%

Profit

While losses

Express withdrawal

Good growth in accelerating revenue.

Debts

1.4 debt / equity, at a rate of less than 2, moderate rate

Financial calculation

Score for 1 year + neighborhood, ie. 1, 25 years.

Shares in circulation.: 835,68m

Revenue

2019: 277,5

21Q1: 1353.5

Annual growth: 255,2%

Profit

2019: -106,6

21Q1: -1384.9

Expenses based on calculations

2019: 384,1

21Q1: 2 738,3

Annual growth: 381,3%

Bad Unit Economics, the company is probably taking over the market.

Further, taking into account the growth rate, we calculate 10 years of average annual growth and 10 years of terminal stage by 4%. Profit is reduced according to the rules for calculating discounted cash flows every year by 14,54 %, as it will be easier to invest in the index, rather than taking risks with this startup.

Fair price per share $0.
IPO range: $38 -42.

Solution: Miss.

  Rega
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