Robinhood Markets Intrinsic Value – Robinhood CEO Tenev Highlights Net Deposit Growth and IRAs
June 4, 2023
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Robinhood Markets ($NASDAQ:HOOD) is a financial services company that provides commission-free stock trading and investing services to its users. In a recent press release, the company’s CEO, Vlad Tenev, highlighted the growth of net deposits and Individual Retirement Accounts (IRAs). Tenev also discussed Robinhood’s mission to make investing available to everyone. He emphasized that Robinhood has made it easier than ever for people to invest in stocks, exchange-traded funds, and cryptocurrency.
Through its intuitive and user-friendly platform, Robinhood has enabled millions of customers to take control of their financial future. Overall, Tenev’s remarks demonstrate Robinhood’s commitment to providing accessible and affordable investing opportunities for all. With its continued growth in net deposits and IRAs, Robinhood is well-positioned to make investing more accessible and convenient for everyone.
Stock Price
On Friday, Robinhood Markets, Inc. saw their stock rise 3.5% from the previous closing price of $9.0, opening at $9.1 and closing at $9.3. During that same day, the company’s CEO, Vlad Tenev, took to the stage to discuss the company’s continued net deposit growth and its plans to expand into offering individual retirement accounts (IRAs). He went on to explain their plans to expand into IRAs, which will allow users to save for retirement while also trading stocks, which he believes will encourage more people to invest. In addition to discussing Robinhood’s impressive financial growth and plans to expand into IRAs, Tenev also spoke about the importance of providing access to affordable investing for everyone.
He expressed his excitement for the opportunity to give people who may not be able to afford traditional accounts the chance to invest in stocks and benefit from the potential returns. Overall, the address by Tenev highlightedRobinhood’s remarkable net deposit growth and plans to expand into IRAs as well as their commitment to ensuring that investing is accessible to all. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Robinhood Markets. More…
| Total Revenues | Net Income | Net Margin |
| 1.5k | -1.15k | -73.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Robinhood Markets. More…
| Operations | Investing | Financing |
| -461 | -507 | -11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Robinhood Markets. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.34k | 16.38k | 7.73 |
Key Ratios Snapshot
Some of the financial key ratios for Robinhood Markets are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 69.8% | – | -70.9% |
| FCF Margin | ROE | ROA |
| -33.5% | -9.6% | -2.8% |
Analysis – Robinhood Markets Intrinsic Value
We at GoodWhale have conducted a comprehensive analysis on the fundamentals of ROBINHOOD MARKETS. Our proprietary Valuation Line has calculated that the intrinsic value of ROBINHOOD MARKETS shares to be around $14.3. At the time of writing, ROBINHOOD MARKETS stock is traded at $9.3, representing an undervaluation of 34.8%. In other words, ROBINHOOD MARKETS is currently trading below its intrinsic value, making it an attractive investment for any investor looking for a good deal. More…
Peers
There is intense competition between Robinhood Markets Inc and its competitors Coinbase Global Inc, Block Inc, and Paysafe Ltd. All four companies are striving to provide the best service and products to their customers. Each company has its own strengths and weaknesses, so it is important for customers to evaluate all their options before choosing one provider.
– Coinbase Global Inc ($NASDAQ:COIN)
Coinbase Global Inc is a digital asset exchange company. It offers a platform for trading digital assets such as bitcoin, Ethereum, and other cryptocurrencies. The company was founded in 2012 and is headquartered in San Francisco, California. Coinbase has a market cap of 14.32B as of 2022 and a Return on Equity of -5.79%. The company offers a safe and easy way to buy, sell, and store digital assets.
– Block Inc ($NYSE:SQ)
Block.one is a technology company that specializes in the development of blockchain software. The company’s primary product is the EOSIO software, which is a decentralized operating system that can be used to build blockchain applications. Block.one was founded in 2017 by Brendan Blumer and Dan Larimer, and is headquartered in Hong Kong.
– Paysafe Ltd ($NYSE:PSFE)
Paysafe Ltd is a payment processing company that enables businesses and consumers to make and receive payments through a variety of channels. The company has a market capitalization of 1.03 billion as of 2022 and a return on equity of -105.41%. The company’s primary business is providing payment processing and merchant services. It also offers a suite of products and services that enable businesses to accept and process payments, including credit and debit cards, e-wallets, and bank transfers. Paysafe Ltd is headquartered in the Isle of Man.
Summary
Robinhood Markets is a financial services company offering commission-free investing and trading. Recently, CEO Vlad Tenev has touted the company’s impressive growth in net deposits and the launch of its IRA program. On the same day, the company’s stock price increased significantly, indicating investor confidence in the company. Robinhood Markets provides an easy and affordable way for investors to access the stock market, with no commissions or minimums.
The company also offers a variety of tools to help educate investors on how best to make decisions. Robinhood has successfully tapped into a new market of casual investors and is well-positioned to continue to expand its offerings in the coming years.
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