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MoneyHero (NASDAQ: MNY)

Last close As at 02/07/2024

USD1.85

▲ −0.04 (−2.12%)

Market capitalisation

USD78m

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
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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 (9.3) 7.7 (80.8)
Relative (12.1) 2.3 (84.9)
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 59.3 66.1

Research

Initiation

TMT

MoneyHero — Money saver in South-East Asia

edison tv

TMT

MoneyHero – executive interview

TMT

Update

MoneyHero — Encouraging start to FY24

Update

TMT

MoneyHero — Encouraging start to FY24

Initiation

TMT

MoneyHero — Money saver in South-East Asia

edison tv

TMT

MoneyHero – executive interview

Thematics

thematic

Consumer

ConsumerWatch – Give me a reason to love you

thematic

Consumer

ConsumerWatch – At least someone loves me

thematic

Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

Consumer

ConsumerWatch – Falling into the fall
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