Now trading at a price of $73.65, Series has moved -3.7% so far today.
Series returned gains of 15.0% last year, with its stock price reaching a high of $99.26 and a low of $44.27. Over the same period, the stock returned a similar cumulative performance to the S&P 500. The company's 50-day average price was $76.28.
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally. Based in Oakland, CA, the Large-Cap Technology company has 12,000 full time employees. Series has not offered a dividend during the last year.
Strong Revenue Growth but Slimmer Gross Margins than the Industry Average of 63.49%:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $4,714 | $9,498 | $17,661 | $17,532 | $21,916 | $24,121 |
| Gross Margins | 40% | 28% | 25% | 34% | 34% | 37% |
| Net Margins | 8% | 2% | 1% | -3% | 0% | 12% |
| Net Income (M) | $375 | $213 | $166 | -$541 | $10 | $2,897 |
| Net Interest Expense (M) | -$22 | -$57 | -$33 | -$36 | $47 | -$9 |
| Depreciation & Amort. (M) | $76 | $84 | $135 | $341 | $409 | $153 |
| Diluted Shares (M) | 466 | 482 | 502 | 579 | 614 | 636 |
| Earnings Per Share | $0.81 | $0.44 | $0.33 | -$0.93 | $0.02 | $4.56 |
| EPS Growth | n/a | -45.68% | -25.0% | -381.82% | 102.15% | 22700.0% |
| Free Cash Flow (M) | $265 | $35 | $714 | $5 | -$50 | $1,553 |
| CAPEX (M) | $62 | $138 | $134 | $171 | $151 | $154 |
| Current Ratio | 1.9 | 1.88 | 1.78 | 1.85 | 2.01 | 2.33 |
Series has rapidly growing revenues and increasing reinvestment in the business and exceptional EPS growth. Additionally, the company's financial statements display generally positive cash flows and an excellent current ratio of 2.33. However, the firm has slimmer gross margins than its peers.
a Lower P/B Ratio Than Its Sector Average but Priced Beyond Its Margin of Safety:
Series has a trailing twelve month P/E ratio of 16.3 compared to the Technology sector's average of 30.44. The company doesn't provide forward earnings guidance, and the compound average growth rate of its last 6 years of reported EPS is 33.4%. On this basis, Series's PEG ratio is 0.49. Using instead the 17.6% weighted average of Series's earnings CAGR and the broader market's anticipated 5-year EPS growth rate, the company's PEG ratio is 0.93, which implies that its shares may be underpriced. Additionally, the market is possibly undervaluing Series in terms of its equity because its P/B ratio is 2.03 whereas the sector average is 4.19. The company's shares are currently trading 25.8% below their Graham number.
Series Has an Average Rating of Buy:
The 36 analysts following Series have set target prices ranging from $58.0 to $105.0 per share, for an average of $88.01 with a buy rating. The company is trading -16.3% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Series has an average amount of shares sold short because 3.8% of the company's shares are sold short. Institutions own 76.8% of the company's shares, and the insider ownership rate stands at 1.2%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 10% stake in the company is worth $4,044,612,166.
