Added to YB: 2024-06-17
Pitch date: 2024-06-11
DEFTF [bullish]
DeFi Technologies Inc.
-31.01%
current return
Author Info
No bio for this author
Company Info
DeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada.
Market Cap
CAD 476.1M
Pitch Price
CAD 1.58
Price Target
48.48 (+4348%)
Dividend
N/A
EV/EBITDA
12.96
P/E
20.00
EV/Sales
4.32
Sector
Capital Markets
Category
growth
DeFi Technologies ($DEFTF)
DEFTF: DeFi Technologies has $620M AUM, expects $142M rev run rate ($62M yield + $80M trading) & $132M earnings. At 39x '24 P/E + $70M net cash, fair value $20.87 vs $1.60 now. Upside: BTC to $150K = $32.88, JVs in MENA/Asia = $48.48 bull case. Risks: crypto prices, execution.
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