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Affirm Holdings, Inc. Stock Research

AFRM

10.33USD+0.34(+3.40%)Delayed

Market Summary

USD10.33+0.34
Delayed
3.40%

AFRM Alerts

AFRM Stock Price

AFRM RSI Chart

AFRM Valuation

Market Cap

3.0B

Price/Earnings (Trailing)

-3.72

Price/Sales (Trailing)

2.05

EV/EBITDA

-2.43

Price/Free Cashflow

-17.05

AFRM Price/Sales (Trailing)

AFRM Profitability

EBT Margin

-56.37%

Return on Equity

-32.46%

Return on Assets

-10.44%

Free Cashflow Yield

-5.87%

AFRM Fundamentals

AFRM Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

10.68%

Revenue Q/Q

10.49%

AFRM Earnings

Earnings (TTM)

-814.8M

Earnings Y/Y

-101.86%

Earnings Q/Q

-28.32%

Price Action

52 Week Range

8.6251.49
(Low)(High)

Last 7 days

3.7%

Last 30 days

-23.2%

Last 90 days

12.4%

Trailing 12 Months

-76.9%

AFRM Financial Health

AFRM Investor Care

Shares Dilution (1Y)

4.32%

Diluted EPS (TTM)

-2.8

Financials for Affirm Holdings

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.7%1,480,078,0001,441,531,0001,349,292,0001,246,938,0001,122,841,000
  S&GA Expenses7.1%677,114,000632,256,000532,343,000425,962,000327,932,000
EBITDA-24.1%-656,221,000-528,766,000-602,415,000-566,577,000-768,634,000
EBITDA Margin-20.9%-0.44-0.37-0.45-0.45-0.68
Earnings Before Taxes-24.6%-834,382,000-669,836,000-724,831,000-646,183,000-878,892,000
EBT Margin-21.3%-0.56-0.46-0.54-0.54-0.77
Interest Expenses33.4%104,058,00078,007,00069,694,00065,900,00064,741,000
Net Income-25.0%-814,773,000-652,071,000-707,417,000-644,441,000-876,821,000
Net Income Margin-21.7%-0.55-0.45-0.52-0.52-0.75
Free Cahsflow69.2%-177,955,000-577,223,000-248,484,000-190,090,000-269,623,000
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets8.9%7,8057,1656,9747,0326,952
    Cash Equivalents-5.9%1,4401,5301,2552,2622,567
  Net PPE19.4%249208171142114
  Goodwill0.5%528525540547541
Liabilities15.1%5,2954,6024,3564,4564,484
Shareholder's Equity-2.1%2,5102,5632,6182,5762,468
  Retained Earnings-17.4%-2,179-1,857-1,605-1,419-1,364
  Additional Paid-In Capital5.9%4,7164,4554,2313,9883,829
Accumulated Depreciation20.8%73.0060.00---
Shares Outstanding0.9%294291286282-
Float-20,900----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations86.5%-64.42-476-162-123-218
  Share Based Compensation8.0%451418391380462
Cashflow From Investing-39.7%-1,766-1,264-2,011-901-934
Cashflow From Financing-55.0%8961,9932,0371,8903,323
  Buy Backs0%0.000.000.000.000.00

Risks for AFRM

What is the probability of a big loss on AFRM?

94.8%


Probability that Affirm Holdings stock will be more than 20% underwater in next one year

93.9%


Probability that Affirm Holdings stock will be more than 30% underwater in next one year.

91.3%


Probability that Affirm Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AFRM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Affirm Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for AFRM

Cumulative Returns on AFRM

Which funds bought or sold AFRM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-4.07
-113,588
110,412
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.05
-202,905
216,095
-%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-1.42
-189,250,000
195,519,000
0.20%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-58.74
-362,000
97,000
-%
2023-02-28
Voya Investment Management LLC
added
23.04
-157,070
271,930
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
84.75
-76,406
1,538,590
-%
2023-02-27
REBALANCE, LLC
new
-
9,670
9,670
-%
2023-02-27
Cravens & Co Advisors, LLC
new
-
186,998
186,998
0.17%
2023-02-24
NATIXIS
reduced
-0.34
-276,412
272,588
-%
2023-02-24
SRS Capital Advisors, Inc.
sold off
-100
-91,000
-
-%

1–10 of 42

Latest Funds Activity

Are funds buying AFRM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AFRM
No. of Funds

Affirm Holdings News

Best Stocks

Brokerages have given Affirm Holdings, Inc. (NASDAQ:AFRM) an ....

Best Stocks,
7 hours ago

InvestorsObserver

The Motley Fool Australia

Why is the Zip share price soaring 7% today?.

The Motley Fool Australia,
4 days ago

Yahoo Finance

Schedule 13G FIlings of Affirm Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital research global investors
11.2%
25,657,975
SC 13G/A
Feb 09, 2023
vanguard group inc
8.17%
18,794,360
SC 13G/A
Feb 08, 2023
morgan stanley
7.3%
16,743,222
SC 13G
Jan 20, 2023
baillie gifford & co
9.87%
22,703,709
SC 13G/A
May 03, 2022
gic private ltd
11.64%
27,329,314
SC 13G/A
Mar 10, 2022
capital research global investors
10.6%
23,800,270
SC 13G/A
Feb 11, 2022
gic private ltd
10.42%
22,829,800
SC 13G
Feb 11, 2022
capital research global investors
9.3%
19,364,986
SC 13G
Feb 09, 2022
vanguard group inc
7.02%
14,615,334
SC 13G

AFRM Fair Value

Affirm Holdings fair value in different scenarios

The table shows the Fair Value estimates for Affirm Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

2.25

-78.22%

3.10

-69.99%

5.69

-44.92%

10.41

0.77%

19.86

92.26%
Current Inflation

2.20

-78.70%

2.96

-71.35%

5.22

-49.47%

9.30

-9.97%

17.41

68.54%
Very High Inflation

2.12

-79.48%

2.78

-73.09%

4.66

-54.89%

7.98

-22.75%

14.54

40.76%

Historical Affirm Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Affirm Holdings

View All Filings
Date Filed Form Type Document
Mar 07, 2023
8-K
Current Report
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 15, 2023
8-K
Current Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for AFRM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Adkins Katherine
acquired
-
-
6,783
chief legal officer
2023-03-01
Linford Michael
acquired
-
-
2,336
chief financial officer
2023-03-01
Linford Michael
sold (taxes)
-8,473
12.61
-672
chief financial officer
2023-03-01
Jiyane Siphelele
sold (taxes)
-8,549
12.61
-678
vice president, controller
2023-03-01
Michalek Libor
acquired
-
-
2,336
president
2023-03-01
Jiyane Siphelele
acquired
-
-
2,636
vice president, controller
2023-03-01
Rabois Keith
sold
-220,673
12.7652
-17,287
-
2023-03-01
Adkins Katherine
sold (taxes)
-25,900
12.61
-2,054
chief legal officer
2023-03-01
Michalek Libor
sold (taxes)
-10,176
12.61
-807
president
2023-02-01
Jiyane Siphelele
acquired
-
-
2,637
vice president, controller

1–10 of 50

Max R. Levchin
1640
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months. As of June 30, 2021, the company had approximately 29,000 merchants integrated on its platform covering small businesses, large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies. Its merchants represent a range of industries, including sporting goods and outdoors, furniture and homewares, travel, apparel, accessories, consumer electronics, and jewelry. The company was founded in 2012 and is headquartered in San Francisco, California.

AFRM Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Revenue  
Revenue$ 139,857$ 111,639
Interest income136,802117,302
Gain on sales of loans63,59530,979
Servicing income21,3709,465
Total Revenue, net361,624269,385
Operating Expenses  
Loss on loan purchase commitment35,61051,678
Provision for credit losses64,25063,647
Funding costs25,06616,753
Processing and servicing54,35925,201
Technology and data analytics144,96178,013
Sales and marketing163,87363,960
General and administrative160,972136,204
Total Operating Expenses649,091435,456
Operating Loss(287,467)(166,071)
Other (expense) income, net36,018(140,373)
Loss Before Income Taxes(251,449)(306,444)
Income tax expense (benefit)(180)171
Net Loss(251,269)(306,615)
Other Comprehensive Loss  
Foreign currency translation adjustments(21,546)(3,802)
Unrealized loss on securities available for sale, net(5,528)(279)
Net Other Comprehensive Loss(27,074)(4,081)
Comprehensive Loss$ (278,343)$ (310,696)
Net loss per share attributable to common stockholders for Class A and Class B  
Basic (in USD per share)$ (0.86)$ (1.13)
Diluted (in USD per share)$ (0.86)$ (1.13)
Net loss per share:  
Basic (in shares)290,929,270271,677,516
Diluted (in shares)290,929,270271,677,516
Merchant network revenue  
Revenue  
Revenue$ 113,149$ 92,244
Virtual card network revenue  
Revenue  
Revenue$ 26,708$ 19,395

AFRM Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
Assets  
Cash and cash equivalents$ 1,530,132$ 1,255,171
Restricted cash383,406295,636
Securities available for sale at fair value1,237,2911,595,373
Loans held for sale7,1122,670
Loans held for investment2,681,6372,503,561
Allowance for credit losses(153,025)(155,392)
Loans held for investment, net2,528,6122,348,169
Accounts receivable, net147,757142,052
Property, equipment and software, net208,460171,482
Goodwill525,000539,534
Intangible assets71,03778,942
Commercial agreement assets241,639263,196
Other assets284,614281,567
Total Assets7,165,0606,973,792
Liabilities:  
Accounts payable34,53433,072
Payable to third-party loan owners90,81171,383
Accrued interest payable5,2926,659
Accrued expenses and other liabilities249,812237,598
Convertible senior notes, net1,707,7241,706,668
Notes issued by securitization trusts1,720,8121,627,580
Funding debt792,637672,577
Total liabilities4,601,6224,355,537
Commitments and contingencies
Stockholders’ equity:  
Additional paid in capital4,454,8294,231,303
Accumulated deficit(1,857,171)(1,605,902)
Accumulated other comprehensive loss(34,223)(7,149)
Total stockholders’ equity2,563,4382,618,255
Total Liabilities and Stockholders’ Equity7,165,0606,973,792
Class A common stock  
Stockholders’ equity:  
Common stock22
Class B common stock  
Stockholders’ equity:  
Common stock$ 1$ 1