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  5. DEFI: What are your current thoughts on DEFI? [A]
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Q: What are your current thoughts on DEFI?

Thanks!
Asked by Jim on November 29, 2024
5i Research Answer:

DEFI is a Canadian company specializing in decentralized finance (DeFi) and digital asset management. It aims to make investing in DeFi more accessible to traditional investors, and offers publicly traded products (ETPs) that track the performance of different digital assets and DeFi projects. 

It has a market cap of $1.0B, analyst sales and earnings estimates have been rising, and it has generated $161M in sales over the last 12 months. Its margins have improved drastically with the rise in crypto prices, and it trades at a reasonable valuation of 10X forward earnings. Much depends on the performance of the digital asset space, but we think it looks interesting here for investors interested and optimistic on the digital asset economy.

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