Affirm Holdings, Inc. (AFRM)
Summary
Affirming Affirm: This Is Just The Beginning, The Stock Has A Long Way To Go
Affirm has outperformed expectations and guided higher since my initial recommendation, rewarding early investors. It has a strong network effect of a growing customer base and an expanding merchant base feeding off each other. It has excellent operating metrics, with gross volume, revenue, customers, and merchants growing over 30% in the past two years.
Why Affirm Holdings (AFRM) Dipped More Than Broader Market Today
Affirm Holdings (AFRM) closed at $81.93 in the latest trading session, marking a -1.79% move from the prior day.
Affirm: Easy Money Will Be Gone By The Time It Feels Safe
Affirm is now a free cash flow machine, poised to generate over $1 billion FCF in the next twelve months. AFRM is expected to deliver 24%-25% revenue growth in fiscal 2027, with annual revenues surpassing $5 billion. Profitability is accelerating: management has consistently raised non-GAAP operating margin guidance, targeting 29% next fiscal year.
Affirm Holdings, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 36 | $2,303.95 | $2,942.69 | $638.74 | 27.72% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 110,200 | $8.2M | $9.01M | $805,716.28 | 9.82% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 402 | $24,582.47 | $32,766.7 | $8,184.23 | 33.29% |
| JW Jamie Wilson CAPITAL ADVISORS Inc./OK | 4,703 | $215,491 | $384,470.25 | $168,979.25 | 78.42% |
 Farallon Capital Farallon Capital Management LLC | 108,000 | $4.95M | $8.83M | $3.88M | 78.42% |
Affirm Holdings, Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CA Connor Allen JP Morgan | 1,481.58 | $100,870.65 | $113,718.33 | $12,847.68 | 12.74% |
| MC Matthew Coad Truist Securities | 329.16 | $18,172 | $25,262.74 | $7,090.74 | 39.02% |
| RS Reginald Smith JP Morgan | 1,230.31 | $100,000 | $98,895.18 | -$1,104.82 | -1.1% |
Affirm Holdings, Inc. (AFRM) FAQ
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Affirm Holdings, Inc. Profile
| Transportation Infrastructure Industry | Industrials Sector | Max Rafailovych Levchin CEO | NASDAQ (NGS) Exchange | 00827B106 CUSIP |
| US Country | 2,206 Employees | - Last Dividend | - Last Split | 13 Jan 2021 IPO Date |
Overview
Affirm Holdings, Inc., established in 2012 and based in San Francisco, California, revolutionizes digital and mobile-first commerce in the United States, Canada, and beyond. This innovative company specializes in offering comprehensive payment solutions that cater to both consumers and merchants. Affirm's approach to commerce is grounded in its robust platform that facilitates point-of-sale transactions, empowering consumers with manageable payment terms and providing merchants with integrated commerce solutions. The company’s distinct business model, which collaborates with originating banks and capital market partners, allows it to offer flexible payment plans extending up to 60 months. This flexibility not only benefits consumers by making purchases more manageable but also supports merchants by covering a broad spectrum of industries including sporting goods, furniture, travel, apparel, electronics, and jewelry among others. With a wide network of small businesses, large enterprises, and omni-channel presence, Affirm stands at the forefront of transforming the digital commerce landscape.
Products and Services
- Point-of-Sale Payment Solution for Consumers
- Merchant Commerce Solutions
- Consumer-Focused App
This flagship service simplifies the purchasing process by allowing consumers to buy now and pay later. By breaking down a purchase into smaller, more manageable payments, Affirm makes shopping accessible and convenient. This flexibility is particularly appealing for larger purchases, offering terms that can extend up to 60 months.
Affirm provides merchants with a suite of tools and services designed to enhance their sales and customer experience. These solutions include seamless integration with Affirm’s payment system, enabling businesses to offer flexible payment options to their customers. This not only helps in increasing conversion rates but also boosts average order values.
The Affirm app is centered around consumer convenience, allowing users to manage their purchases, payments, and accounts in one place. Beyond merely handling transactions, the app offers the ability to shop with Affirm partners, highlighting deals and offers that can be utilized directly within the app. This creates a unified shopping experience that encourages repeated use and loyalty.
