Company: Affirm <> Affirm Holdings
Ticker: $AFRM
Website: Affirm.com
IPO date: January 13, 2021
Current price: $85.41
52 week high: $176.65 on November 8, 2021
52 week low: $46.50 on May 11, 2021
Market cap: $24 billion (281 million shares x $85.41)
Enterprise value: $24.5 billion (roughly $500M of net debt on the balance sheet)
Headquarters: San Francisco, California
Number of employees: 1,800+
Analysts: 58% have a buy rating
Average price target: $155.79 (82.5% higher than the current price)
CEO: Max Levchin
CFO: Michael Linford
Investor Relations [click here]
Form S-1 filing, November 2020 [click here]
2022 Q1 earning report [click here]
2022 Q1 earnings presentation [click here]
2022 Q1 earnings webcast [click here]
2022 Q1 earnings call transcript [click here]
Investor Forum [click here]
Citi's 11th Annual FinTech Conference [click here]
RBC Global Technology, Internet, Media, and Telecom Conference [click here]
$AFRM launches cash back rewards [click here]
$AFRM expands to Australia [click here]
I worked on this $AFRM writeup with Chad, you can find him at @chadbensonw
OVERVIEW:
Affirm Holdings, Inc. (AFRM) is a fast growing financial technology company that enables consumers to buy goods online and pay later. Affirm provides microloans to users at the point of sale with participating merchants (such as Walmart or Shopify), with an aim to provide a quick, transparent, and more inclusive lending alternative to credit cards. Affirm was founded in 2012 by Max Levchin (co-founder of PayPal). It filed for IPO in late 2020 and began trading on the Nasdaq Stock market on January 13, 2021.
Before diving into company specific details, let’s take a closer look at an evolving industry, Buy Now, Pay Later (BNPL).