Jonah’s Growth Stocks

Share this post
Deep dive writeup: $AFRM <> Affirm
jonahlupton.substack.com

Deep dive writeup: $AFRM <> Affirm

For paid subscribers only

Jonah Lupton
Jan 5
10
Share this post
Deep dive writeup: $AFRM <> Affirm
jonahlupton.substack.com

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).

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2022 Jonah Lupton
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing