Should you buy Nu Holdings stock? (July 2024)

Published first at Nu Holdings stock analysis. Nubank. Ticker: $NU This is one of the best performing stocks of 2024. Nu Holdings, owner of Brazilian fintech Nubank is up 62% this year taking the company’s market value to 66 billion dollars. Nubank has a book value of 6.8 billion and has reported 9.2 billion of revenue over the last 12 months and 1.3 billion of net income. So the stock is valued at just under 10 times book value and 52 times earnings. Since the company was founded in 2013, Nubank has had a stunning rise, growing from zero to 100 million customers across Brazil, Mexico and Colombia. As a mostly digital bank, Nu doesn’t have the high fixed costs that come from operating branches. This allows the company to lower fees which attracts customers and leads to powerful feedback loops. Top line revenue continues to expand, growing 68% last year and 182% the year before. Customers grew 26% last year and another 6% in q1. And importantly, those new customers are using more of Nubank’s products which translates to higher revenues per user. #investing #stocks #3mb #stockstobuy