(XP) Xp - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 8.691m USD | Total Return: -9.6% in 12m
Avg Turnover: 96.4M
EPS Trend: 98.8%
Qual. Beats: 0
Rev. Trend: 85.0%
Qual. Beats: 0
Warnings
Volatile
Tailwinds
No distinct edge detected
XP Inc. is a financial services provider in Brazil operating an open-architecture technology platform. The company offers a comprehensive suite of products including equity and fixed income brokerage, mutual funds, pension plans, and insurance. Its business model integrates a diverse distribution network with digital portals to serve retail, high-net-worth, and institutional clients through wealth management and investment banking divisions.
The Brazilian financial sector is characterized by high concentration among traditional banks, allowing independent platforms like XP to capture market share through lower fees and a broader range of third-party investment products. XP also operates a proprietary asset management arm and a credit division that offers collateralized loan products and credit cards to leverage its existing ecosystem. Investors may find deeper insights into these competitive dynamics by exploring the data on ValueRay.
- Brazilian Selic rate fluctuations impact retail investor demand for equity products
- Expansion into banking and credit cards diversifies revenue beyond brokerage fees
- Competitive pressure from traditional banks threatens high-net-worth client asset retention
- Operating leverage improvement depends on scaling the independent financial advisor network
- Brazilian macroeconomic volatility influences total assets under custody and trading volumes
| Net Income: 5.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.35 > 1.0 |
| NWC/Revenue: -236.5% < 20% (prev -209.3%; Δ -27.17% < -1%) |
| CFO/TA 0.04 > 3% & CFO 15.4b > Net Income 5.17b |
| Net Debt (80.8b) to EBITDA (6.31b): 12.81 < 3 |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (525.4m) vs 12m ago -2.63% < -2% |
| Gross Margin: 66.96% > 18% (prev 0.69%; Δ 6.63k% > 0.5%) |
| Asset Turnover: 4.91% > 50% (prev 5.02%; Δ -0.11% > 0%) |
| Interest Coverage Ratio: 11.06 > 6 (EBITDA TTM 6.31b / Interest Expense TTM 542.3m) |
| A: -0.11 (Total Current Assets 42.3b - Total Current Liabilities 86.4b) / Total Assets 409b |
| B: 0.00 (Retained Earnings 1.29b / Total Assets 409b) |
| C: 0.02 (EBIT TTM 6.00b / Avg Total Assets 380b) |
| D: 0.05 (Book Value of Equity 20.5b / Total Liabilities 385b) |
| Altman-Z'' = -0.53 = B |
| DSRI: 1.01 (Receivables 33.6b/31.4b, Revenue 18.7b/17.6b) |
| GMI: 1.03 (GM 66.96% / 69.05%) |
| AQI: 1.47 (AQ_t 0.89 / AQ_t-1 0.61) |
| SGI: 1.06 (Revenue 18.7b / 17.6b) |
| TATA: -0.03 (NI 5.17b - CFO 15.4b) / TA 409b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of May 27, 2026, the stock is trading at USD 17.22 with a total of 5,586,044 shares traded.
Over the past week, the price has changed by -0.69%,
over one month by -12.05%,
over three months by -21.15% and
over the past year by -9.64%.
Xp has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy XP.
- StrongBuy: 5
- Buy: 5
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 24.6 | 42.7% |
Market Cap BRL = 43.8b (8.69b USD * 5.0374 USD.BRL)
P/E Trailing = 8.4949
P/E Forward = 9.5329
P/S = 0.4781
P/B = 1.8508
Revenue TTM = 18.7b BRL
EBIT TTM = 6.00b BRL
EBITDA TTM = 6.31b BRL
Long Term Debt = 32.1b BRL (from longTermDebt, last fiscal year)
Short Term Debt = 86.4b BRL (from shortTermDebt, last quarter)
Debt = 89.5b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 80.8b BRL (calculated: Debt 89.5b - CCE 8.68b)
Enterprise Value = 125b BRL (43.8b + Debt 89.5b - CCE 8.68b)
Interest Coverage Ratio = 11.06 (Ebit TTM 6.00b / Interest Expense TTM 542.3m)
EV/FCF = 8.28x (Enterprise Value 125b / FCF TTM 15.0b)
FCF Yield = 12.08% (FCF TTM 15.0b / Enterprise Value 125b)
FCF Margin = 80.68% (FCF TTM 15.0b / Revenue TTM 18.7b)
Net Margin = 27.70% (Net Income TTM 5.17b / Revenue TTM 18.7b)
Gross Margin = 66.96% ((Revenue TTM 18.7b - Cost of Revenue TTM 6.16b) / Revenue TTM)
Gross Margin QoQ = 65.79% (prev 67.41%)
Tobins Q-Ratio = 0.30 (Enterprise Value 125b / Total Assets 409b)
Interest Expense / Debt = 0.61% (Interest Expense 542.3m / Debt 89.5b)
Taxrate = 1.92% (25.3m / 1.32b)
NOPAT = 5.88b (EBIT 6.00b * (1 - 1.92%))
Current Ratio = 0.49 (Total Current Assets 42.3b / Total Current Liabilities 86.4b)
Debt / Equity = 3.67 (Debt 89.5b / totalStockholderEquity, last quarter 24.4b)
Debt / EBITDA = 12.81 (Net Debt 80.8b / EBITDA 6.31b)
Debt / FCF = 5.37 (Net Debt 80.8b / FCF TTM 15.0b)
Total Stockholder Equity = 23.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.36% (Net Income 5.17b / Total Assets 409b)
RoE = 22.01% (Net Income TTM 5.17b / Total Stockholder Equity 23.5b)
RoCE = 10.79% (EBIT 6.00b / Capital Employed (Equity 23.5b + L.T.Debt 32.1b))
RoIC = 1.44% (NOPAT 5.88b / Invested Capital 409b)
WACC = 3.99% (E(43.8b)/V(133b) * Re(10.93%) + D(89.5b)/V(133b) * Rd(0.61%) * (1-Tc(0.02)))
Discount Rate = 10.93% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -2.54%
[DCF] Terminal Value 77.97% ; FCFF base≈13.7b ; Y1≈15.7b ; Y5≈23.1b
[DCF] Fair Price = 642.8 (EV 348b - Net Debt 80.8b = Equity 267b / Shares 414.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.79 | EPS CAGR: 13.05% | SUE: -0.39 | # QB: 0
Revenue Correlation: 84.98 | Revenue CAGR: 15.32% | SUE: -0.11 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.50 | Chg30d=-6.80% | Revisions=+33% | Analysts=1
EPS next Quarter (2026-09-30): EPS=2.66 | Chg30d=-2.80% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=10.85 | Chg30d=+0.08% | Revisions=+20% | GrowthEPS=+10.6% | GrowthRev=+11.5%
EPS next Year (2027-12-31): EPS=12.34 | Chg30d=+0.03% | Revisions=-20% | GrowthEPS=+13.7% | GrowthRev=+14.2%
[Analyst] Revisions Ratio: +33%