Global fintech giant, PayPal had another solid quarter with a huge spike in revenues as well as free cash flows on account of increasing digital payments. The company added 14.5 million new customers in Q1 alone resulting in a total payment volume of $285 billion, up 46% as compared to Q1 2020. About 18% of its customer base comes from its fast-growing Venmo platform which has outpaced the company’s average growth and is gaining momentum after helping consumers trade in cryptocurrencies. PayPal has also been in the news for acquiring Happy Returns, an online product-returns provider with a vast network of 2,600 dropoff locations across the U.S. We believe that the company is poised for a solid 2021 ahead and we maintain our ‘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
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