Affirm Holdings, Inc. (AFRM) – Will partnerships contribute to a “BUY”?

Affirm Holdings, Inc. (AFRM) (Q4FY23)

Stock performance: Affirm Holdings’ stock price showed an upward trend in the past 3-month period and gave (13%) return. The stock price increased by 1% in the past 1 year. The stock has a 52-week high of $25.63 and a 52-week low of $8.62.

Quarter Performance: In Q4FY23, revenue rose 22% to $445mn as compared to $364mn in Q4FY22. In FY23, revenue increased 18% to $1.58bn as compared to $1.34bn in the prior period due to an increase of 30% Y/Y of interest income to $685.2mn

Management Guidance for Q1FY24: Revenue is expected to be in the range of $430mn to $455mn. GMV is expected to be in the range of $5.30bn to $5.50bn.

Highlights

Affirm is currently operating at a loss primarily due to increased expenses. The Buy Now, Pay Later (BNPL) industry is still in its early stages, and the level of competition is quite high.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Segment Performance
– Key Metrics
– Key Developments

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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