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Added to YB: 2025-01-17

Pitch date: 2025-01-16

XP [bullish]

XP Inc.

+45.88%

current return

Author Info

No bio for this author

Company Info

XP Inc. provides financial products and services in Brazil. The company operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services.

Market Cap

$51.9B

Pitch Price

$11.99

Price Target

24.00 (+37%)

Dividend

7.40%

EV/EBITDA

N/A

P/E

10.82

EV/Sales

N/A

Sector

Capital Markets

Category

dividend

Show full summary:
XP Inc. Trades at IPO Lows with 100% Upside Potential, Says J.P. Morgan

XP: Leading Brazilian fintech at ~7x P/E, 6% dividend. 4.6M users (+7x since 2018), 8x asset growth. 40% revenue CAGR, 8x profit since IPO. 25% net margin, guiding higher. Scalable platform, new payment card success. Q3 slowdown concerns overblown. 2024 guidance: P/E 6-7, 25%+ ROE, 50%+ profit to dividends/buybacks. JPM sees 100% upside.

Read full article (1 min)