Financials Affirm Holdings, Inc.

Equities

AFRM

US00827B1061

Financial Technology (Fintech)

Market Closed - Nasdaq 04:00:00 2024-04-11 pm EDT 5-day change 1st Jan Change
33.8 USD +0.69% Intraday chart for Affirm Holdings, Inc. +5.26% -31.22%

Valuation

Fiscal Period: June 2021 2022 2023 2024 2025 2026
Capitalization 1 17,854 5,173 4,533 10,372 - -
Enterprise Value (EV) 1 17,118 7,996 9,039 14,541 14,934 15,057
P/E ratio -24.8 x -7.2 x -4.59 x -13.3 x -17.4 x -22.1 x
Yield - - - - - -
Capitalization / Revenue 20.5 x 3.83 x 2.85 x 4.73 x 3.95 x 3.31 x
EV / Revenue 19.7 x 5.93 x 5.69 x 6.64 x 5.69 x 4.8 x
EV / EBITDA -47.7 x -9.83 x -8.48 x -20.2 x -22.1 x -27.9 x
EV / FCF -80.2 x -40 x -83.2 x 31.2 x 20.6 x 16 x
FCF Yield -1.25% -2.5% -1.2% 3.2% 4.86% 6.24%
Price to Book 7.03 x 1.98 x 1.8 x 4.06 x 4.1 x 3.97 x
Nbr of stocks (in thousands) 265,093 286,430 295,686 306,874 - -
Reference price 2 67.35 18.06 15.33 33.80 33.80 33.80
Announcement Date 9/9/21 8/25/22 8/24/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net sales 1 509.5 870.5 1,349 1,588 2,191 2,625 3,137
EBITDA 1 - -359.2 -813.3 -1,066 -720.1 -676.8 -539
EBIT 1 - -379.2 -866 -1,201 -858.1 -758.8 -614.8
Operating Margin - -43.56% -64.19% -75.62% -39.17% -28.91% -19.6%
Earnings before Tax (EBT) 1 - -433.3 -724.8 -989.2 -806.1 -693 -514.2
Net income 1 - -430.9 -707.4 -985.3 -796.1 -631.4 -535.6
Net margin - -49.5% -52.43% -62.05% -36.34% -24.06% -17.07%
EPS 2 -2.630 -2.720 -2.510 -3.340 -2.538 -1.948 -1.526
Free Cash Flow 1 - -213.4 -200.1 -108.6 465.5 726 939.7
FCF margin - -24.51% -14.83% -6.84% 21.25% 27.66% 29.95%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - - - - - -
Announcement Date 11/18/20 9/9/21 8/25/22 8/24/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q1 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
Net sales 1 269.4 361 354.8 364.1 361.6 399.6 381 445.8 496.5 591.1 549.7 575.2 600.3 699.1 653.2
EBITDA 1 -155.5 -184.2 -213.4 -260.1 -266.6 -62.03 -6.425 -200.5 -169.3 -145.6 -166.8 -140 -132.5 -175.2 -
EBIT 1 -166.1 -196.2 -226.6 -277.2 -287.5 -359.5 -310 -243.8 -209.4 -172.2 -234.4 -223.2 -193.3 -188.2 -179.5
Operating Margin -61.65% -54.35% -63.86% -76.13% -79.49% -89.98% -81.38% -54.69% -42.18% -29.12% -42.64% -38.81% -32.2% -26.92% -27.49%
Earnings before Tax (EBT) 1 -306.4 -159.5 -54.41 -204.5 -251.4 -324 -206.5 -207.3 -170.7 -167.6 -231.9 -208.4 -174.2 -195.5 -164.9
Net income 1 -306.6 -159.7 -54.67 -186.4 -251.3 -322.4 -205.7 -206 -171.8 -166.9 -219.3 -209.4 -169.6 -168.9 -147
Net margin -113.82% -44.25% -15.41% -51.19% -69.48% -80.7% -53.99% -46.2% -34.6% -28.24% -39.9% -36.4% -28.25% -24.16% -22.5%
EPS 2 -1.130 -0.5700 -0.1900 -0.6500 -0.8600 -1.100 -0.6900 -0.6900 -0.5700 -0.5400 -0.7029 -0.6701 -0.5241 -0.4735 -0.4650
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 11/10/21 2/10/22 5/12/22 8/25/22 11/8/22 2/8/23 5/9/23 8/24/23 11/8/23 2/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 2,823 4,506 4,168 4,561 4,684
Net Cash position 1 - 736 - - - - -
Leverage (Debt/EBITDA) - - -3.471 x -4.227 x -5.789 x -6.74 x -8.691 x
Free Cash Flow 1 - -213 -200 -109 466 726 940
ROE (net income / shareholders' equity) - -38.9% -27.2% -38.2% -28.6% -27.5% -28%
ROA (Net income/ Total Assets) - -13.7% -11.9% -13% -8.61% -6.81% -4.17%
Assets 1 - 3,135 5,920 7,565 9,250 9,276 12,840
Book Value Per Share 2 - 9.580 9.110 8.540 8.320 8.240 8.510
Cash Flow per Share 2 - -1.210 -0.4000 0.0400 1.360 2.800 2.820
Capex 1 - 20.3 86.3 121 124 137 175
Capex / Sales - 2.33% 6.4% 7.61% 5.65% 5.22% 5.59%
Announcement Date 11/18/20 9/9/21 8/25/22 8/24/23 - - -
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
18
Last Close Price
33.8 USD
Average target price
38.26 USD
Spread / Average Target
+13.19%
Consensus
  1. Stock Market
  2. Equities
  3. AFRM Stock
  4. Financials Affirm Holdings, Inc.