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0 0.00258732212160408 0.00258732212160408 0.00517464424320828 0.00582147477360931 0.00776196636481237 0.00194049159120306 0.00258732212160408
Stock impact report

StoneCo Q1 2024 Earnings: So, It Is A Bank [Seeking Alpha]

StoneCo Ltd. - Class A Common Share (STNE) 
Company Research Source: Seeking Alpha
It's essential to recognize the shift in StoneCo's fundamental nature and its implications for valuation multiples and growth prospects. Difficult to be bullish on this bank. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis StoneCo ( NASDAQ: STNE ) delivered Q1 2024 results that had many of the same elements as prior quarters. This is a beautiful story for investors who want exposure to Brazil's underbanked population. However, a beautiful story can trick some of the people for some of the time. However, after a while, investors like to check in on the fundamentals. And as we check in on StoneCo, the picture doesn't quite dazzle as strongly as it once did. Crucially, its non-performing loans are starting to tick up higher. So, yes, the stock isn't too expensive. Indeed, I estimate the stock to be priced at 25x forward adjusted net income. And yet, the problem he Show less Read more
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