Added to YB: 2024-05-23
Pitch date: 2024-05-12
NU [bullish]
Nu Holdings Ltd.
+42.74%
current return
Author Info
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Company Info
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.
Market Cap
$80.8B
Pitch Price
$11.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
32.34
EV/Sales
N/A
Sector
Banks
Category
growth
Nu Holdings Ltd. - $NU
NU: Brazil's largest neobank w/ 100m customers. 27% of adults use as primary bank, 60% RoE. Growing 60% in Brazil + expanding in Mexico & Colombia. Lower cost to serve & superior credit underwriting vs incumbents. Currently at 24x Q4 '23 run-rate earnings (IFRS 9 adj). $4/share long-term earnings potential. Key risks: macro volatility, competition (e.g. Mercado Libre), regulation. Overall, a unique digital banking opportunity in LatAm.
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