Afterpay – FY20 Earnings

Afterpay is under Algo Engine buy conditions after generating the first of a series of buy signals starting in November 2019.

FY20 sales $11bn, income $519m, EBITDA $44m and the net loss after tax $23m.

Momentum continued into 1H21 as expected and active customers increased to 10m.

Market cap now stands at more than 30x forward revenue.