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MoneyHero (NASDAQ: MNY)

Last close As at 20/11/2024

USD1.24

▲ 0.03 (2.48%)

Market capitalisation

USD51m

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

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Consumer | Update

MoneyHero — Investing for the long term

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

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

  • Hao Qian

    CFO

  • Rohith Murthy

    CEO

Balance Sheet

Forecast net debt (US$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 17.0 (0.8) (1.6)
Relative 15.9 (6.2) (24.4)
52 week high/low US$4.0/US$0.9

Financials

MoneyHero’s Q224 results reflect management’s strategy of growing market share in its core geographies, as it invests in advertising, customer rewards and its platforms. Approved application conversion, a key driver of revenue, continues to improve as MoneyHero upgrades the customer experience and broadens its product range. Given the elevated investment, we have lowered our adjusted EBITDA expectations for FY24 through to FY26. Management expects to achieve monthly positive adjusted EBITDA during Q424. We expect profitability to subsequently improve as the group benefits from operational leverage and continues to grow market share.

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 (20.2) (22.5) (42.58) N/A N/A
2025E 125.1 2.5 (0.8) (1.57) N/A N/A

Research

Update

TMT

MoneyHero — Encouraging start to FY24

Initiation

TMT

MoneyHero — Money saver in South-East Asia

Consumer

Update

MoneyHero — Investing for the long term

edison tv

TMT

MoneyHero – executive interview

Thematics

thematic

Consumer

ConsumerWatch – Don’t look down

thematic

Consumer

ConsumerWatch – The times they are a-changin’

thematic

Consumer

ConsumerWatch – Give me a reason to love you

thematic

Consumer

ConsumerWatch – At least someone loves me
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