Another stellar earnings report from $NU, nice to see the stock up 8-9% AH https://t.co/lLa10jblvn This company continues to execute at an elite level yet still looks extremely undervalued: Q2 revenues up 50% YoY Q2 net income up 67% YoY Coming into earnings $NU had a market cap of $65B with approx $9B of cash. I think they'll do at least $5.0B of net income over the next 12 months which is approx 15% above consensus but it also means you can buy this business today with these incredible fundamentals for approx 11.2x NTM EPS (using my estimates)... absurdly cheap!!!! I think fair value for $NU is at $24-28 per share, because even with the LATAM risk built into the multiple, this stock should not be trading at less than 20-24x NTM EPS including the cash which is approx $2 per share.
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