High growth, even higher valuations
In this review of the Australian listed Buy now, Pay later (BNPL) sector we take a look at the following stocks – Afterpay (APT), OpenPay (OPY), Splitit (SPT), Sezzle (SZL) and Zip Co (Z1P).
The BNPL sector was one of the most closely watched parts of the market during the August reporting season. It is the highest growth sub-sector in the ASX and has attracted substantial investor interest. Share prices have increased ten-fold across a number of the names since the March lows, although they have dropped back in the last week.