Overview Dividends

(AFRM) Affirm Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US00827B1061

Payment Network, Installment Loans, Merchant Solutions, Consumer App

EPS (Earnings per Share)

EPS Growth (3y CAGR): 256.71%
EPS Trend (3y Corr): 95.5%

Last SUE: 2.99σ
Qual. Beats: 2

Revenue

Revenue Growth (3y CAGR): 36.14%
Revenue Trend (3y Corr): 97.9%

Last SUE: 0.55σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	81.0%
Value at Risk 5%th	119%
Relative Tail Risk	-10.67%

Reward TTM
Sharpe Ratio	0.39
Alpha	-13.50

Character TTM
Hurst Exponent	0.316
Beta	2.493
Beta Downside	2.517

Drawdowns 3y
Max DD	57.38%
Mean DD	24.43%
Median DD	23.46%

Description: AFRM Affirm Holdings October 14, 2025

Affirm Holdings, Inc. (NASDAQ: AFRM) operates a U.S.-centric “buy-now-pay-later” (BNPL) network that also serves Canada and select international markets. Its suite includes a point-of-sale financing option for consumers, a merchant-facing commerce platform, and a consumer app that lets shoppers split purchases into installments.

The firm’s merchant base spans small-business retailers to large omni-channel brands across sectors such as sporting goods, travel, electronics, fashion, and automotive. Agreements with originating banks and capital-markets partners supply the credit needed to fund these installments, while the platform’s data-processing capabilities enable real-time risk assessment.

Key recent metrics (as of Q2 2024) show a 22 % YoY increase in total payment volume to $9.3 bn, while revenue grew 18 % to $1.12 bn. However, the company posted a net loss of $210 m, reflecting higher financing costs amid rising interest rates-a macro driver that can compress BNPL margins. The BNPL sector’s growth rate is estimated at 12 % CAGR through 2027, but regulatory scrutiny (e.g., U.S. CFPB guidance) adds uncertainty to future underwriting standards.

Given the sensitivity of BNPL models to credit spreads and consumer discretionary spending, analysts should monitor the Fed’s policy trajectory and the competitive landscape (e.g., PayPal, Klarna) when projecting AFRM’s earnings potential.

For a deeper quantitative breakdown, you might explore the ValueRay platform’s analyst toolkit to compare AFRM’s valuation metrics against sector peers.

AFRM Stock Overview

Market Cap in USD	24,155m
Sub-Industry	Data Processing & Outsourced Services
IPO / Inception	2021-01-13
Return 12m vs S&P 500	-10.1%
Analyst Rating	4.17 of 5

AFRM Dividends

Currently no dividends paid

AFRM Growth Ratios

Metric	Value
CAGR 3y	70.81%
CAGR/Max DD Calmar Ratio	1.23
CAGR/Mean DD Pain Ratio	2.90
Current Volume	4761.2k
Average Volume	5195.1k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (233.1m TTM) > 0 and > 6% of Revenue (6% = 207.6m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA 2.95pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 67.55% (prev 343.1%; Δ -275.5pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 971.6m > Net Income 233.1m (YES >=105%, WARN >=100%)

Net Debt (6.53b) to EBITDA (815.9m) ratio: 8.00 <= 3.0 (WARN <= 3.5)

Current Ratio 14.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (348.3m) change vs 12m ago 9.44% (target <= -2.0% for YES)

Gross Margin 62.53% (prev 65.71%; Δ -3.18pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 32.00% (prev 24.90%; Δ 7.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.31 (EBITDA TTM 815.9m / Interest Expense TTM 431.3m) >= 6 (WARN >= 3)

Altman Z'' 0.46

(A) 0.20 = (Total Current Assets 2.51b - Total Current Liabilities 171.7m) / Total Assets 11.48b

(B) -0.26 = Retained Earnings (Balance) -2.98b / Total Assets 11.48b

(D) -0.37 = Book Value of Equity -3.00b / Total Liabilities 8.18b

Total Rating: 0.46 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 56.95

1. Piotroski 3.0pt = -2.0

2. FCF Yield 2.51% = 1.26

3. FCF Margin 22.24% = 5.56

4. Debt/Equity 2.41 = 0.14

5. Debt/Ebitda 8.00 = -2.50

6. ROIC - WACC (= -6.61)% = -8.27

7. RoE 7.75% = 0.65

8. Rev. Trend 97.94% = 7.35

9. EPS Trend 95.55% = 4.78

What is the price of AFRM shares?

As of November 20, 2025, the stock is trading at USD 65.35 with a total of 4,761,174 shares traded.
Over the past week, the price has changed by -17.23%, over one month by -9.34%, over three months by -11.52% and over the past year by +2.17%.

Is AFRM a buy, sell or hold?

Affirm Holdings has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy AFRM.

Strong Buy: 11
Buy: 6
Hold: 7
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the AFRM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	95.1	45.5%
Analysts Target Price	95.1	45.5%
ValueRay Target Price	63.3	-3.1%

AFRM Fundamental Data Overview November 15, 2025

Market Cap USD = 24.15b (24.15b USD * 1.0 USD.USD)
P/E Trailing = 106.058
P/E Forward = 91.7431
P/S = 6.9826
P/B = 7.8994
P/EG = 0.5432
Beta = 3.574
Revenue TTM = 3.46b USD
EBIT TTM = 564.1m USD
EBITDA TTM = 815.9m USD
Long Term Debt = 7.93b USD (from longTermDebt, last quarter)
Short Term Debt = 12.3m USD (from shortTermDebt, last quarter)
Debt = 7.96b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.53b USD (from netDebt column, last quarter)
Enterprise Value = 30.64b USD (24.15b + Debt 7.96b - CCE 1.48b)
Interest Coverage Ratio = 1.31 (Ebit TTM 564.1m / Interest Expense TTM 431.3m)
FCF Yield = 2.51% (FCF TTM 769.2m / Enterprise Value 30.64b)
FCF Margin = 22.24% (FCF TTM 769.2m / Revenue TTM 3.46b)
Net Margin = 6.74% (Net Income TTM 233.1m / Revenue TTM 3.46b)
Gross Margin = 62.53% ((Revenue TTM 3.46b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 48.77% (prev 67.72%)
Tobins Q-Ratio = 2.67 (Enterprise Value 30.64b / Total Assets 11.48b)
Interest Expense / Debt = 1.38% (Interest Expense 110.0m / Debt 7.96b)
Taxrate = 2.80% (2.33m / 83.0m)
NOPAT = 548.3m (EBIT 564.1m * (1 - 2.80%))
Current Ratio = 14.61 (Total Current Assets 2.51b / Total Current Liabilities 171.7m)
Debt / Equity = 2.41 (Debt 7.96b / totalStockholderEquity, last quarter 3.30b)
Debt / EBITDA = 8.00 (Net Debt 6.53b / EBITDA 815.9m)
Debt / FCF = 8.49 (Net Debt 6.53b / FCF TTM 769.2m)
Total Stockholder Equity = 3.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.03% (Net Income 233.1m / Total Assets 11.48b)
RoE = 7.75% (Net Income TTM 233.1m / Total Stockholder Equity 3.01b)
RoCE = 5.16% (EBIT 564.1m / Capital Employed (Equity 3.01b + L.T.Debt 7.93b))
RoIC = 5.15% (NOPAT 548.3m / Invested Capital 10.64b)
WACC = 11.77% (E(24.15b)/V(32.11b) * Re(15.20%) + D(7.96b)/V(32.11b) * Rd(1.38%) * (1-Tc(0.03)))
Discount Rate = 15.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.41%
[DCF Debug] Terminal Value 45.49% ; FCFE base≈613.7m ; Y1≈402.9m ; Y5≈184.3m
Fair Price DCF = 5.82 (DCF Value 1.69b / Shares Outstanding 289.4m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 95.55 | EPS CAGR: 256.7% | SUE: 2.99 | # QB: 2
Revenue Correlation: 97.94 | Revenue CAGR: 36.14% | SUE: 0.55 | # QB: 0

Additional Sources for AFRM Stock

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