AFRM

Affirm Holdings Inc - Ordinary Shares - Class A

Finance/Real Estate, Consumer


Presented:11/10/2022
Price:$14.99
Cap:$4.35B
Current Price:$47.86
Cap:$14.89B

Presented

Date11/10/2022
Price$14.99
Market Cap$4.35B
Ent ValueN/A
P/E RatioN/A
Book Value$8.86
Div Yield0%
Shares O/S290.10M
Ave Daily Vol12,680,503
Short IntN/A

Current

Price$47.86
Market Cap$14.89B
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce. Its platform consists of three core elements: a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The company was founded by Max R. Levchin in 2012 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Affirm Holdings Inc (AFRM), Amazon.com Inc (AMZN), Apple Inc (AAPL), Mastercard Inc (MA), Visa Inc (V)

Highlights

The presenter is short shares of Affirm Holdings Inc (AFRM), one of the largest BNPL companies. His bear thesis is predicated on both macroeconomic headwinds (tightening monetary policy, consumer spending slowdown, worsening credit conditions) and issues with the business model (competition, limited fixed cost leverage, significant stock-based compensation, stock dilutions). Looking forward, he doesn’t see a clear path to profitability anytime soon and thinks AFRM could be a zero over the longer term.

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Idea Discussion

Commentor 1 - 2 weeks ago

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