Affirm Holdings Intrinsic Value – AFFIRM HOLDINGS Reports Earnings Results for FY2024 Q1 Ending September 30 2023
November 20, 2023
🌥️Earnings Overview
On November 8 2023, AFFIRM HOLDINGS ($NASDAQ:AFRM) reported their financial results for the first quarter of Fiscal Year 2024, which ended on September 30 2023. The total revenue for the quarter amounted to USD 496.6 million, representing an increase of 37.3% from the previous year. Net income for the quarter was USD -171.8 million, a decrease of 79.5 million compared to the equivalent period of the previous year.
Price History
On Wednesday, AFFIRM HOLDINGS reported its earnings results for FY2024 Q1 ending September 30 2023. The company’s stock opened at $21.5 and closed at $21.8, a decrease of 1.5% from the prior closing price of 22.1. AFFIRM HOLDINGS also announced a new partnership with Visa to expand its merchant services offerings. This will provide more payment options for customers and enhance the company’s competitive positioning in the market.
Overall, AFFIRM HOLDINGS is continuing to demonstrate strong financial performance and is taking steps to further enhance its services by increasing its payment options. The company’s stock has also remained relatively stable despite a slight dip in the share price. Investors should continue to monitor AFFIRM HOLDINGS’ performance and progress in the coming quarters as it works to grow its business and meet its financial targets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Affirm Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.72k | -905.86 | -50.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Affirm Holdings. More…
| Operations | Investing | Financing |
| 59.87 | -1.79k | 1.3k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Affirm Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.41k | 5.84k | 8.51 |
Key Ratios Snapshot
Some of the financial key ratios for Affirm Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.5% | – | -39.3% |
| FCF Margin | ROE | ROA |
| -3.8% | -16.6% | -5.0% |
Analysis – Affirm Holdings Intrinsic Value
At GoodWhale, we have analyzed AFFIRM HOLDINGS‘s financials in detail. Our proprietary Valuation Line revealed that AFFIRM HOLDINGS’s intrinsic value is around $69.1 per share. This means that AFFIRM HOLDINGS is currently undervalued by 68.4%, as the stock is currently traded at $21.8. This presents a good opportunity to invest in AFFIRM HOLDINGS, as the stock provides an attractive price-value ratio. More…
Peers
In the financial technology industry, there is stiff competition between Affirm Holdings Inc and its competitors: Block Inc, Shopify Inc, Marqeta Inc. All four companies are vying for a share of the market, and each has its own strengths and weaknesses. While Block Inc has a strong presence in the online payments space, Shopify Inc is a leader in e-commerce platforms. Marqeta Inc, on the other hand, specializes in credit card processing.
– Block Inc ($NYSE:SQ)
Block Inc has a market cap of 33.04B as of 2022, a Return on Equity of -1.6%. The company is involved in the development of blockchain technology. Its products include a blockchain platform that enables businesses to develop and deploy decentralized applications. The company also offers a digital asset exchange and a wallet service.
– Shopify Inc ($TSX:SHOP)
Shopify Inc is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
– Marqeta Inc ($NASDAQ:MQ)
Marqeta Inc is a publicly traded company that provides a platform for modern payment solutions. The company has a market capitalization of 4.11 billion as of 2022 and a return on equity of -11.57%. Marqeta Inc’s products and services include credit and debit cards, prepaid cards, and merchant processing. The company was founded in 2002 and is headquartered in Oakland, California.
Summary
AFFIRM HOLDINGS reported strong revenue growth of 37.3% year-on-year for FY2024 Q1, ending on September 30 2023.
However, net income decreased significantly by -79.5 million compared to the same period last year. Investors should analyze the earnings results to understand the underlying drivers of the company’s performance, including the impact of any changes to its business model and strategies. They should also review the company’s balance sheet and cash flow statements to assess its financial health. A thorough understanding of AFFIRM HOLDINGS’ financials and operations will help guide investor decisions whether to invest in the company or not.
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