Various beta inputs have returned vastly different end valuations ranging as high as $26 per share on a beta Bloomberg found to be 0.94—we think beta, a measure of stock volatility, should be higher, reflecting inherent crypto systematic risk.
Meanwhile, on our $0.60 FY22 (June 2022) EPS estimate, our $10 price target represents a P/E of 17x, implying some expansion from the current 9x on the January 22 $5.32 U.S. dollar closing price.
Sales are expected to grow at 174% that out year, leaving Voyager's P/E-to-growth to 0.1x, a significant discount to the generally observed 1.0x guideline.
PEG is the Price to Earnings Growth rate for which, in this analyses, Voyager is only given a 10% growth rate compared to Peer Norm of 1 which even at that level is conservative given massive growth observed.