Financials Affirm Holdings, Inc.

Equities

AFRM

US00827B1061

Financial Technology (Fintech)

Market Closed - Nasdaq 21:00:00 17/05/2024 BST 5-day change 1st Jan Change
33.83 USD +8.01% Intraday chart for Affirm Holdings, Inc. +7.09% -31.16%

Valuation

Fiscal Period: June 2021 2022 2023 2024 2025 2026
Capitalization 1 17,854 5,173 4,533 10,458 - -
Enterprise Value (EV) 1 17,118 7,996 9,039 14,959 15,162 15,238
P/E ratio -24.8 x -7.2 x -4.59 x -17.5 x -18.9 x -28.4 x
Yield - - - - - -
Capitalization / Revenue 20.5 x 3.83 x 2.85 x 4.62 x 3.87 x 3.25 x
EV / Revenue 19.7 x 5.93 x 5.69 x 6.61 x 5.6 x 4.73 x
EV / EBITDA -47.7 x -9.83 x -8.48 x -28.2 x -24.5 x -28.3 x
EV / FCF -80.2 x -40 x -83.2 x 31.2 x 20.3 x 15.9 x
FCF Yield -1.25% -2.5% -1.2% 3.21% 4.93% 6.28%
Price to Book 7.03 x 1.98 x 1.8 x 4.01 x 3.94 x 3.59 x
Nbr of stocks (in thousands) 265,093 286,430 295,686 309,125 - -
Reference price 2 67.35 18.06 15.33 33.83 33.83 33.83
Announcement Date 09/09/21 25/08/22 24/08/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Junio 2020 2021 2022 2023 2024 2025 2026
Net sales 1 509.5 870.5 1,349 1,588 2,264 2,705 3,223
EBITDA 1 - -359.2 -813.3 -1,066 -531.2 -619.1 -539
EBIT 1 - -379.2 -866 -1,201 -698.7 -677.4 -545.1
Operating Margin - -43.56% -64.19% -75.62% -30.86% -25.04% -16.91%
Earnings before Tax (EBT) 1 - -433.3 -724.8 -989.2 -607.7 -615.1 -508.3
Net income 1 - -430.9 -707.4 -985.3 -608.9 -588.6 -390.3
Net margin - -49.5% -52.43% -62.05% -26.89% -21.76% -12.11%
EPS 2 -2.630 -2.720 -2.510 -3.340 -1.937 -1.794 -1.190
Free Cash Flow 1 - -213.4 -200.1 -108.6 480 747 957.5
FCF margin - -24.51% -14.83% -6.84% 21.2% 27.61% 29.71%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - - - - - -
Announcement Date 18/11/20 09/09/21 25/08/22 24/08/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 361 354.8 364.1 361.6 399.6 381 445.8 496.5 591.1 576.2 600.3 619.7 718.7 684.9 716.3
EBITDA 1 -184.2 -213.4 -260.1 -266.6 -62.03 -6.425 -200.5 -169.3 -145.6 -115.6 -92.43 -93.99 -134.7 -95.26 -
EBIT 1 -196.2 -226.6 -277.2 -287.5 -359.5 -310 -243.8 -209.4 -172.2 -160.8 -154.3 -172.7 -140.7 -148.7 -145.9
Operating Margin -54.35% -63.86% -76.13% -79.49% -89.98% -81.38% -54.69% -42.18% -29.12% -27.91% -25.71% -27.86% -19.58% -21.71% -20.37%
Earnings before Tax (EBT) 1 -159.5 -54.41 -204.5 -251.4 -324 -206.5 -207.3 -170.7 -167.6 -133 -143.2 -177.9 -165.8 -147.8 -137
Net income 1 -159.7 -54.67 -186.4 -251.3 -322.4 -205.7 -206 -171.8 -166.9 -133.9 -138 -155.1 -156.7 -138.9 -135.8
Net margin -44.25% -15.41% -51.19% -69.48% -80.7% -53.99% -46.2% -34.6% -28.24% -23.25% -22.99% -25.03% -21.8% -20.28% -18.96%
EPS 2 -0.5700 -0.1900 -0.6500 -0.8600 -1.100 -0.6900 -0.6900 -0.5700 -0.5400 -0.4300 -0.4275 -0.5091 -0.4129 -0.3437 -0.3509
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 10/02/22 12/05/22 25/08/22 08/11/22 08/02/23 09/05/23 24/08/23 08/11/23 08/02/24 08/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 2,823 4,506 4,502 4,705 4,780
Net Cash position 1 - 736 - - - - -
Leverage (Debt/EBITDA) - - -3.471 x -4.227 x -8.475 x -7.6 x -8.868 x
Free Cash Flow 1 - -213 -200 -109 480 747 958
ROE (net income / shareholders' equity) - -38.9% -27.2% -38.2% -23.9% -27.6% -27.7%
ROA (Net income/ Total Assets) - -13.7% -11.9% -13% -7.18% -6.26% -3.91%
Assets 1 - 3,135 5,920 7,565 8,485 9,408 9,984
Book Value Per Share 2 - 9.580 9.110 8.540 8.430 8.580 9.420
Cash Flow per Share 2 - -1.210 -0.4000 0.0400 1.230 1.630 3.160
Capex 1 - 20.3 86.3 121 124 137 175
Capex / Sales - 2.33% 6.4% 7.61% 5.46% 5.06% 5.44%
Announcement Date 18/11/20 09/09/21 25/08/22 24/08/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
33.83 USD
Average target price
37.11 USD
Spread / Average Target
+9.70%
Consensus
  1. Stock Market
  2. Equities
  3. AFRM Stock
  4. Financials Affirm Holdings, Inc.