Added to YB: 2024-08-16
Pitch date: 2024-06-30
SQ [bullish]
Block, Inc.
+0.2%
current return
Author Info
No bio for this author
Company Info
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.
Market Cap
$37.7B
Pitch Price
$64.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.22
P/E
12.40
EV/Sales
1.54
Sector
Financial Services
Category
growth
Loomis Sayles International Growth Fund Portfolio Holding: Block, Inc.
SQ: Cash App + Square fintech platform. Q1 rev +22% YoY, op margin 17% vs 3% YoY. Cash App: 60% gross profit, 57M MAUs (+8% YoY), $71B inflows (+17%). Square: 40% GP, $50.5B GPV (+9%). Dorsey back as CEO to boost growth. 2026 targets: 15%+ rev growth, 25% adj op margin. Risks: federal probe. Long-term potential: mid-teens rev growth, 30% op margin. Undervalued vs intrinsic value.
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