MoneyHero (NASDAQ: MNY)

Last close As at 24/06/2024

USD2.09

−0.29 (−12.18%)

Market capitalisation

USD83m

MoneyHero is a leading personal finance and digital insurance comparison platform in South-East Asia. The group operates online through both its DTC platforms and its B2B channel, Creatory. It offers users financial products including credit cards, personal loans, mortgages and insurance.

MoneyHero is well positioned to benefit from South-East Asia’s growing affluence, increasing adoption of digital services and internet penetration. Furthermore, management’s focus on the more profitable insurance vertical means the company is primed to capitalise on the expected growth in non-life insurance across the medium term. The company has strong brand recognition and a market-leading position in four of its five geographies.

Latest Insights

TMT | Initiation

MoneyHero — Money saver in South-East Asia

TMT | edison tv

MoneyHero – executive interview

Sector

TMT

Equity Analyst

Milo Bussell

Analyst, Consumer and TMT

Key Management

  • Hao Qian

    CFO

  • Rohith Murthy

    CEO

Balance Sheet

Forecast net cash (US$m)

62.1

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (3.2) 52.6 (79.6)
Relative (5.8) 46.6 (83.7)
52 week high/low US$10.4/US$0.8

Financials

MoneyHero is a leading South-East Asian personal finance aggregator and comparison platform, covering the full suite of personal finance products. Its goal is to educate and empower consumers on personal finance through engaging content and rewards on financial products. The company partners with leading local and global financial institutions to ensure it has the most attractive products and offers for its user base. Management has ambitious plans to grow market share and attractive product verticals, such as insurance.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 68.1 (15.6) (30.2) (5217.47) N/A N/A
2023A 80.7 (6.8) (156.5) (1348.69) N/A N/A
2024E 104.4 (1.9) (4.2) (8.22) N/A N/A
2025E 125.1 5.0 1.7 3.12 67.0 74.7

Thematics

thematic

TMT

MediaWatch – Glimpses of positivity

thematic

TMT

MediaWatch – Rinse and repeat

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