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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Afterpay Limited    APT   AU000000APT1

AFTERPAY LIMITED

(APT)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/18
132.01 AUD   -0.86%
01/15Australia shares pare gains as health stocks offset U.S. stimulus boost
RE
01/14AFTERPAY : Grows Canadian Footprint with Expansion into Quebec
AQ
01/12Australia shares flat as markets eye stimulus, earnings
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Afterpay : Splits CEO, MD Role Between Co-Founders -- Update

11/16/2020 | 06:11pm EST

By Stuart Condie

SYDNEY--Afterpay Ltd. has split its chief executive and managing director role, giving Nick Molnar equal billing with co-founder Anthony Eisen in a move the buy-now-pay-later platform said reflects the importance of its growing international operations.

Afterpay on Tuesday said Mr. Molnar will return to the United States, where he was previously Afterpay's U.S. CEO. Mr. Eisen, who previously held the CEO and MD roles, will remain in Australia.

Australia's No.1 buy-now-pay-later provider by market capitalization and market share said the pair will continue to share responsibility for executing strategy.

"As Afterpay continues to expand globally, the focus on its international operations has never been greater," Afterpay said in a statement.

"As such, the co-founders and the board believe that it is important to have an appropriate level of oversight, executive prominence and presence both internationally and domestically."

Mr. Molnar said Afterpay had made a solid start in Canada following its August launch there. Its expansion into mainland Europe remains subject to regulatory approval by the Bank of Spain, while it has established a base in Singapore from which to enter Southeast Asia, Mr. Molnar said.

All Afterpay merchants can now open their ecommerce sites to international shoppers from Australia, the U.K., Canada and New Zealand, Mr. Molnar said. They will be able to sell cross-border to U.S. consumers from next year.

Afterpay last month said it had 11.2 million active customers at the end of its fiscal first quarter, up from 5.7 million a year earlier and from 9.9 million at the end of fiscal 2020.

With the coronavirus pandemic pushing consumers and merchants online due to restrictions on movement and trade, it had 6.5 million customers in the U.S., where it launched in 2018.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

11-16-20 1810ET

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Financials
Sales 2021 945 M 726 M 726 M
Net income 2021 13,2 M 10,1 M 10,1 M
Net cash 2021 376 M 289 M 289 M
P/E ratio 2021 1 457x
Yield 2021 -
Capitalization 37 643 M 28 925 M 28 911 M
EV / Sales 2021 39,4x
EV / Sales 2022 25,0x
Nbr of Employees 665
Free-Float 67,4%
Chart AFTERPAY LIMITED
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Technical analysis trends AFTERPAY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 104,69 AUD
Last Close Price 132,01 AUD
Spread / Highest target 6,05%
Spread / Average Target -20,7%
Spread / Lowest Target -77,3%
EPS Revisions
Managers and Directors
NameTitle
Anthony Mathew Eisen Co-CEO, Executive Director & Managing Director
Nicholas David Molnar Co-CEO, Executive Director & Managing Director
Elana Rubin Independent Chairman
Frerk-Malte Feller Global Chief Operating Officer
Rebecca Lowde Chief Financial Officer
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