Editing Alpha Financial Markets Consulting plc
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|What's the estimated current size of the total addressable market? | |What's the estimated current size of the total addressable market? | ||
|$ | |$119,000,000,000 | ||
|Here, the total addressable market (TAM) is defined as the global | |Here, the total addressable market (TAM) is defined as the global working capital finance arrangement market, and based on a number of assumptions, it is estimated that the size of the market as of today (28th November 2022), in terms of revenue, is $119 billion. | ||
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|What is the estimated company lifespan? | |What is the estimated company lifespan? | ||
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|What's the estimated annual growth rate of the total addressable market over the lifecycle of the company? | |What's the estimated annual growth rate of the total addressable market over the lifecycle of the company? | ||
|3% | |3% | ||
|Research shows that the growth rate of the | |Research shows that the growth rate of the working capital finance arrangement market (i.e. the total addressable market) is similar to the growth rate of global gross domestic product, which has averaged (medium) around 3% per year in the last 20 years (2001 to 2022)<ref>https://www.macrotrends.net/countries/WLD/world/gdp-growth-rate</ref>. | ||
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|What's the estimated company peak market share? | |What's the estimated company peak market share? | ||
|1% | |1% | ||
|We estimate that especially given the experienced team of the company, the peak market share of | |We estimate that especially given the experienced, founder-led team of the company, the peak market share of Supply@ME Capital is around 1%, and, therefore, suggests using the share amount here. As of 31st December 2021, Supply@ME Capital's current share of the market is negligible. | ||
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|Which distribution function do you want to use to estimate company revenue? | |Which distribution function do you want to use to estimate company revenue? | ||
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|What's the estimated standard deviation of company revenue? | |What's the estimated standard deviation of company revenue? | ||
| 5.5 years | | 5.5 years | ||
|Another way of asking this question is this way: within how many years either side of the mean does 68% of revenue occur? Based on | |Another way of asking this question is this way: within how many years either side of the mean does 68% of revenue occur? Based on Supply@ME Capital's current revenue amount (i.e. $0.6 million) and Supply@ME Capital's estimated lifespan (i.e. 50 years) and Supply@ME Capital's estimated current stage of its lifecycle (i.e. introduction stage), the we suggest using five and a half years (i.e. 68% of all sales happen within five and a half years either side of the mean year), so that's what's used here. | ||
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| colspan="3" |'''<div style="text-align: center;">Growth stages</div>''' | | colspan="3" |'''<div style="text-align: center;">Growth stages</div>''' | ||
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|40% | |40% | ||
|Research suggests 40%.<ref name=":6" /> | |Research suggests 40%.<ref name=":6" /> | ||
|- | |||
| colspan="3" |'''<div style="text-align: center;">Growth stage 1</div>''' | |||
|- | |||
|Cost of goods sold as a proportion of revenue (%) | |||
|25% | |||
|Research suggests that it's best to use a similar margin rate as the one used by peers that are in the same growth stage (i.e. growth stage 1)<ref name=":7" />, and the margin for its peers is 25%. | |||
|- | |||
|Operating expenses as a proportion of revenue (%) | |||
|15% | |||
|Research suggests that it's best to use a similar margin rate as the one used by peers that are in the same growth stage (i.e. growth stage 1)<ref name=":7" />, and the margin for its peers is 15%. | |||
|- | |||
|Tax rate (%) | |||
|0% | |||
|Research suggests that it's best to use a similar rate as the one used by peers that are in the same growth stage (i.e. growth stage 1)<ref name=":7" />, and the rate for its peers is 0%. | |||
|- | |||
|Depreciation and amortisation as a proportion of fixed capital (%) | |||
|10% | |||
|Research suggests that it's best to use a similar margin rate as the one used by peers that are in the same growth stage (i.e. growth stage 1)<ref name=":7" />, and the margin for its peers is 10%. | |||
|- | |||
|Fixed capital as a proportion of revenue (%) | |||
|10% | |||
|Research suggests that it's best to use a similar amount as the one used by peers that are in the same growth stage (i.e. growth stage 1)<ref name=":7" />, and the amount for its peers is 10%. | |||
|- | |||
|Working capital as a proportion of revenue (%) | |||
|15% | |||
|Research suggests that it's best to use a similar amount as the one used by peers that are in the same growth stage (i.e. growth stage 1)<ref name=":7" />, and the amount for its peers is 15%. | |||
|- | |||
|Net borrowing ($000) | |||
|Zero | |||
|We suggest that for simplicity, the net borrowing figure is zero. | |||
|- | |||
|Interest amount ($000) | |||
|Zero | |||
|We suggest that for simplicity, the interest amount figure is zero. | |||
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| colspan="3" |'''<div style="text-align: center;">Growth stage 2</div>''' | | colspan="3" |'''<div style="text-align: center;">Growth stage 2</div>''' | ||
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|+Interim condensed consolidated statement of financial position | |+Interim condensed consolidated statement of financial position | ||
! | ! | ||
!Unaudited as at | !Unaudited as at 30 Sep 2022 | ||
!Unaudited as at | !Unaudited as at 30 Sep 2021 | ||
!Audited as at | !Audited as at 31 Mar 2022 | ||
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