Added to YB: 2026-04-22
Pitch date: 2026-04-19
PICS [bullish]
PicS N.V.
-7.78%
current return
Author Info
No bio for this author
Company Info
PicS N.V. operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil.
Market Cap
$9.2B
Pitch Price
$14.13
Price Target
66.00
Dividend
N/A
EV/EBITDA
1.79
P/E
N/A
EV/Sales
0.68
Sector
Financial Services
Category
growth
PicPay (NASDAQ: PICS) Brazil’s Hidden Super App – A Fintech Compounder at a Single-Digit P/E
PICS: Brazilian super app w/ 67M accts, 85% YoY rev growth, trades 9-10x trailing P/E vs Nu at 25-30x. Evolved from QR payments to full fintech (credit, insurance, investments, e-commerce). Q4'25 rev BRL 3B (3x vs '23), adj NI +10x, ROE 24.4%, ARPAC +52%. Credit portfolio +128% YoY to BRL 24B. Fair PE 22x on 40%+ growth = $55-66 PT (66% ann. return to '28). Risks: credit quality (NPL spike to 7.1%), Batista family control (88% voting), BRL 3.7B cash outflow, Brazil macro. Analyst PT $23-27 (+60-90% upside). Catalysts: Q1'26 ER, credit normalization, Oct'26 election.
Read full article (7 min)