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?
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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