MoneyHero (NASDAQ: MNY)

Last close As at 19/07/2024

USD1.75

−0.02 (−1.24%)

Market capitalisation

USD69m

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 | Update

MoneyHero — Encouraging start to FY24

TMT | Initiation

MoneyHero — Money saver in South-East Asia

TMT | edison tv

MoneyHero – executive interview

Sector

Consumer

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 (22.3) (16.0) (83.0)
Relative (23.1) (24.0) (86.1)
52 week high/low US$10.4/US$0.8

Financials

MoneyHero has made a promising start to FY24, with robust levels of revenue growth in Q124 across several core markets and all product verticals. Investment in the platform has resulted in improved application conversion rates, while several senior hires have been made including the new CFO, Hao Qian, and a head of AI. Although the EBITDA loss widened in the quarter, management expects profitability to improve to a break-even run rate by the end FY24.

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 56.0 62.5

Research

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ConsumerWatch – Making the most of the summer

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ConsumerWatch – A Spring in the step

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ConsumerWatch – January sales

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ConsumerWatch – Bargains galore

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IPO apocalypse

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TMT

ESG, moving beyond the box tick

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ConsumerWatch – Value emerging

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Circular economy business models

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Moving from a vegan January to a sustainable one

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Meating Demand – The lean, green money-making machine

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Illuminator: August Update

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Deutsche Börse Eigenkapitalforum 2014 Research Guide