IQST - iQSTEL Looks Significantly Overvalued
- The company is involved in several businesses including telecoms, electric vehicles, and debit card payments.
- Revenues are growing rapidly and iQSTEL expects its new debit card service to generate revenues of $45-$128 million over a five-year period with an EBITDA margin of 30%-40%.
- However, iQSTEL is currently unprofitable and its shareholders' equity position was negative as of September 2020.
- It seems the company is popular on social media platforms and there could be a significant retail investor interest at the moment.
- I don't think the business is worth much in this current state.
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iQSTEL Looks Significantly Overvalued