Block Inc.


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SKU: DIS-2 Category:


Block Inc. (formerly Square Inc.) had an eventful 2021 especially after the acquisition of Afterpay. The company has managed to find new ways to connect their Square and Cash App ecosystems. TIDAL, which serves artists, and TBD, serving bitcoin developers, are two new ecosystems they have added. The company also announced two new hardware projects, a noncustodial hardware wallet and a bitcoin mining system, to help advance bitcoin as a native currency for the internet. The company’s Cash Card platform showed immense profitability with its active users generating approximately five times more gross profit per active in the fourth quarter. Recently, the management also launched Cash App Taxes, allowing customers to file tax returns for free from their phone or computer and receive their tax refund up to two days sooner if deposited through Cash App. We expect continued growth across Cash App and Square throughout 2022 as well. The stock has undergone a major correction off-late and we give it a ‘Buy’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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