Added to YB: 2025-02-04
Pitch date: 2025-02-02
XP [bullish]
XP Inc.
+34.19%
current return
Author Info
Quipus Capital is an investment knowledge repository, i.e. a growing compendium of information about companies and industries, from the perspective of a long-only, long-term, operator-mindset investor. I look at hundreds of global companies, read a lot, and build expert networks. I condense all that information in Quipus and send it to you, ideally not more than once or twice a month. Sign up for the newsletter.
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
$13.11
Price Target
N/A
Dividend
7.40%
EV/EBITDA
N/A
P/E
10.82
EV/Sales
N/A
Sector
Capital Markets
Category
growth
XP: the leading Brazilian retail broker
XP: Leading retail broker w/ 40-50% mkt share in equities, adapting to high-rate cycle via bankification. Trades at 10x P/E, 15-20% growth. Best positioned for equities rebound. Risks: BTG competition, advisor conflicts. Leverage concerns mitigated by low RWA. Strong mgmt, cost control. Potential M&A target.
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