Added to YB: 2026-04-09
Pitch date: 2026-04-08
ETOR [bullish]
eToro Group Ltd.
Author Info
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Company Info
eToro Group Ltd. engages in the trading business. Its multi-asset platform supports trading and investing in equities, crypto assets, commodities, currencies, and options, which can be traded either as assets or as derivatives related to various underlying asset types.
Market Cap
$2.5B
Pitch Price
N/A
Price Target
50.00 (+61%)
Dividend
N/A
EV/EBITDA
N/A
P/E
13.30
EV/Sales
N/A
Sector
Capital Markets
Category
value
eToro with Antonio Velardo
ETOR: Multi-asset broker w/ 40M users, 3.8M funded accounts, 140 countries. Trades 5.2x EV/EBITDA vs peers at 25-30x. Bull: copy trading moat (15yr track record, 5K managers), US expansion (just got license Oct), $1B cash/buybacks (8% mkt cap), AI agents, strong margins (30.5% adj), high ROE/ROIC. Risk: crypto revenue concentration (200M+), cyclicality, regulation. DCF: $50+ PT at 11.8% WACC, 15% growth. Even w/ 70% crypto drop, still 9.3x EBITDA. Founder aligned (30%+ stake, $25M sold vs $200M+ holding). EPV $40 > NAV = moat. Buyback: $250M program started.
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