A Look at DeFi Technologies (NEOE:DEFI) Valuation Following the Launch of First Bitcoin Staking ETP in London

DeFi Technologies (NEOE:DEFI) has just set a new bar in digital assets, launching the world’s first physically-backed Bitcoin Staking exchange-traded product (ETP) on the London Stock Exchange through its subsidiary, Valour Digital Securities Limited. This move is not just another headline; it gives institutional investors a regulated option to earn a 1.4% annual staking yield on securely held Bitcoin, right from the heart of a major global market. For investors caught between the rapid evolution of decentralized finance and the reliability of traditional exchanges, this could reshape expectations about what is possible and profitable in fintech portfolios.

The rollout of this pioneering ETP is arriving at a time when DeFi Technologies’ stock has shown both bursts of upward momentum and periods of consolidation. Shares gained 4% in the latest session after the announcement, building on a 21% one-year return. The company has seen rapid revenue and net income growth, even in a market where short-term volatility remains a constant. Over the past three years, the stock has returned over 12 times its value, though performance during the past quarter has been less buoyant.

With the latest product launch driving renewed optimism, the big question now is whether DeFi Technologies is still a bargain or if the market has already priced in the company’s future growth.

Most Popular Narrative: 53.4% Undervalued

According to the most widely followed narrative, DeFi Technologies is currently trading at a significant discount to its fair value. This suggests strong upside potential for investors if key catalysts materialize.

The ongoing global expansion into new regulated markets (Africa, Asia, Middle East, LatAm) positions DeFi Technologies to capture the accelerating worldwide shift toward blockchain and digital asset adoption. This expansion increases its addressable market and supports long-term revenue growth. Deepening partnerships and product integration with major global banks and traditional financial institutions for purposes such as UCITS funds and structured products are driving new institutional capital inflows. These developments pave the way for higher AUM, increased fee income, and longer-term earnings escalation.

Curious what is fueling the analysts’ bullish price target? This narrative is built on aggressive assumptions for the company’s future sales growth, margin expansion, and a steep shift in profitability ratios. Want to see what ambitious growth forecasts and valuation multiples are backing up the fair value? Uncover the narrative’s full set of projections and test if you agree with their bold outlook.

Result: Fair Value of $7.40 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, sustained weakness in cryptocurrency markets or regulatory setbacks could quickly undermine DeFi Technologies’ projected growth and optimism around its fair value.

Find out about the key risks to this DeFi Technologies narrative.

Another View: Comparing Price to Industry

While the earlier estimate suggests upside based on future growth, a look at DeFi Technologies’ current price compared to the industry average points to a much higher valuation than its Canadian peers. Does this mean the growth story is simply priced in already? Could future results prove the skeptics wrong?

See what the numbers say about this price — find out in our valuation breakdown.

Stay updated when valuation signals shift by adding DeFi Technologies to your watchlist or portfolio. Alternatively, explore our screener to discover other companies that fit your criteria.

Build Your Own DeFi Technologies Narrative

If you see things differently or want to perform your own deep dive into the numbers, it's quick and easy to build a personalized outlook in just minutes. Do it your way

A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding DeFi Technologies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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