Now trading at a price of $68.55, Affirm has moved -8.1% so far today.
Affirm returned gains of 83.5% last year, with its stock price reaching a high of $82.53 and a low of $22.25. Over the same period, the stock outperformed the S&P 500 index by 64.9%. More recently, the company's 50-day average price was $65.03. Affirm Holdings, Inc. operates payment network in the United States, Canada, and internationally. Based in San Francisco, CA, the Large-Cap Finance company has 2,006 full time employees. Affirm has not offered a dividend during the last year.
Overview of Financial Statements:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $264 | $510 | $870 | $1,349 | $1,588 | $2,323 |
| Interest Income (M) | $26 | $32 | $53 | $70 | $183 | n/a |
| Net Margins | -46% | -22% | -51% | -52% | -62% | 52% |
| Net Income (M) | -$120 | -$113 | -$441 | -$707 | -$985 | $1,204 |
| Depreciation & Amort. (M) | $5 | $9 | $20 | $53 | $135 | $169 |
| Diluted Shares (M) | 48 | 71 | 282 | 294 | 308 | 313 |
| Earnings Per Share | -$2.84 | -$2.63 | -$2.94 | -$2.51 | -$3.34 | -$1.67 |
| EPS Growth | n/a | 7.39% | -11.79% | 14.63% | -33.07% | 50.0% |
| Free Cash Flow (M) | -$107 | -$31 | -$213 | -$248 | -$109 | n/a |
| CAPEX (M) | $19 | $2 | $20 | $86 | $121 | n/a |
| Total Debt (M) | n/a | $818 | $681 | $673 | $1,765 | $1,795 |
Affirm does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.47, the company has a forward P/E ratio of 138.4. In comparison, the average P/E ratio for the Finance sector is 20.04. Furthermore, Affirm is likely overvalued compared to the book value of its equity, since its P/B ratio of 7.77 is higher than the sector average of 1.86.
Analysts Give Affirm an Average Rating of Buy:
The 18 analysts following Affirm have set target prices ranging from $26.6 to $90.0 per share, for an average of $73.65 with a buy rating. The company is trading -6.9% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Affirm has an average amount of shares sold short because 5.6% of the company's shares are sold short. Institutions own 78.7% of the company's shares, and the insider ownership rate stands at 4.81%, suggesting a large amount of insider shareholders. The largest shareholder is Capital Research Global Investors, whose 9% stake in the company is worth $1,663,324,419.
