How to model a financial company with no dividends

Imagine a high-growth fintech with a balance sheet (so you can't do a DCF) that doesn't pay any dividends (so you can't do a DDM). How do you model this? Should you just stick to multiples?

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“Constantin is extremely nice and helpful! We talked about some genergal questions I had about recruiting and networking, and then dived into more specific problems I had. He has not only very knowledgable, but also very helpful, sharing also personal ancedotes to tell me what my next steps should be. ”

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How to model a financial company with no dividends

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How to model a financial company with no dividends

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