Nu Holding Continues to Grow Madly (Mandarin Version)
$Nu Holdings(NU.US$ The Q1 report for 2024 is out this morning! The share price is up 6.49% before it goes on the market yet! It is estimated that tonight will break a record high. Our members already bought it around $10 in February.
Summary:
1. CUSTOMERS GREW FROM 93.9M TO 99.3M, ADDING 5.4M CUSTOMERS IN A QUARTER.
2. REVENUE GREW FROM 2,405M TO 2,736M, ADDING 5.4M CUSTOMERS IN A QUARTER.
3. The money earned from each customer grew from $10.6 to $11.4 and continued to grow.
4. The cost per service customer remains at $0.9.
5. The expansion in Mexico has been very smooth, compared to the previous Brazilian expansion faster. IT NOW HAS 6.6M CUSTOMERS. OF THESE, THERE ARE 3.2M CREDIT CARD CUSTOMERS. At the moment, it brings 149M of revenue to the company, which currently belongs to a small part, 5.45%.
These few data are very good! Moreover, the scale of growth is greater than in Q3 and Q4! The company is in a state of rapid development.
What is lacking in the US is:
1. NET PROFIT GREW FROM 361M TO 379M, 41M LESS THAN I EXPECTED 420M. Primarily:
- THE COMPANY SPENT $127.8M IN THE SHARE INCENTIVE PORTION, UP FROM 62.6M IN Q1 LAST YEAR. (Normal, after all, the result is +166.9%)
- THE COMPANY'S CREDIT LOSS PROVISION INCREASED FROM 592.5M TO 830.7M. (This part will grow as revenue increases, but this portion of the credit mix has grown from 3.7% last year to 4.2%) Mainly from, business growth in Mexico and increased bad debt risks.
THIS PART, MORE THAN $98M IN BUDGET/OVERHEAD, OTHERWISE THE COMPANY'S PROFIT COULD HAVE EXCEEDED 470M!
All in all, as we expected, the company's expansion was very fast and progressing smoothly, the company's customers grew a lot, and the company kept having more products from its own customers. Companies must strictly control the risk of bad debts in order to increase the space for profit.
And can I still buy it? What about the company's prospects? How much room to grow? Is the stock price fair? Detailed reports, we will share in the Members Area. This is just one of the growth companies we invest in, and the other companies will publish quarterly reports on a sequential basis these two weeks in May.
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曾是金融科技公司CEO，35歲退休。主要投資在美国中國的成長型公司。投資組合：
2023: +73.91%
2024: +26.71%
YT 🔍姐夫說美股
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