New Street Research - PagSeguro Digital Ltd (PAGS) PAGS US (Buy, TP: $14, +62%) Accelerating growth and profitability in Q3, and again in Q4

Report

New Street Research

Soomit Datta

EUR 9599.00 For Business Accounts Only

PAGS US (Buy, TP: $14, +62%) Accelerating growth and profitability in Q3, and again in Q4

PagSeguro reported Q3s coming in ahead at volume (2%), revenue (1.5%) and net income (5%).

17/11/2023 1 EN

Underlying

PagSeguro Digital Ltd

See profile

KYG687071012 New York Stock Exchange Cayman Islands

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Soomit Datta

Other Reports on these Companies

New Street Research

PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller than expected) raise

PagSeguro Q2s were again ahead at TPV (10%) and revenue (5%) which flowed through to net income (+4%).

EUR 9599.00

August 21, 2024 August 21, 2024 1 EN

New Street Research

LatAm Fintech into Q2s: FX, rates and Mexico in focus: MELI/NU/DLO/PAGS/STNE

It’s a difficult reporting season for US$ reporters when regional FX slips so much: sell-side is generally slow to update (and often updates the immediate quarter, but not FYs). We see FY 24 needing to come down at NU (Neutral) and MercadoLibre (Neutral). DLO (BUY) is also exposed though a Q2 share price collapse, significant de-rating as well as a better H2 should underpin the stock.

EUR 9599.00

July 8, 2024 July 8, 2024 1 EN

New Street Research

PagSeguro (Buy, TP: $18, +40%) - Strong Q1s across the board; Expect guide lift at Q2s

PagSeguro Q1s were well ahead at TPV (7%) and revenue (5%) which largely flowed through to net income (+8%).

EUR 9599.00

May 24, 2024 May 24, 2024 1 EN

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

Yesterday the DOJ filed its proposed remedies in the Search antitrust case. The recommended divestiture of Chrome drew most of the headlines. And while potentially very negative for GOOGL (as are all proposed remedies), we don’t believe it is the most impactful to the market for general search services.

EUR 9599.00

November 22, 2024 November 22, 2024 1 EN

Jonathan Chaplin

Jonathan Chaplin

SATS: DBS merger breaks

According to press reports, TPG will call off the merger today. For the merger to proceed, bondholders needed to agree to a debt exchange. Apparently, they have rejected the exchange. Our quick thoughts in this brief note.

EUR 9599.00

November 22, 2024 November 22, 2024 1 EN

Jonathan Chaplin

Jonathan Chaplin

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

In this iteration of “Broadband Trends” we update our FWA capacity forecast. We also touch on early signs that demand for FWA may be limited, which could prevent mobile operators from reaching capacity limits (or force them to work harder to get there). This could have a big impact on the pace of Cable subscriber growth. Finally, we reprise our work on the competitive positioning of the various operators based on relative NPS scores.

EUR 9599.00

November 22, 2024 November 22, 2024 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

PAGS US (Buy, TP: $14, +62%) Accelerating growth and profitability in Q3, and again in Q4

PAGS US (BUY, TP: $15, +8%) Q2 24 - Quick Take: Nice beat and (smaller than expected) raise

LatAm Fintech into Q2s: FX, rates and Mexico in focus: MELI/NU/DLO/PAGS/STNE

PagSeguro (Buy, TP: $18, +40%) - Strong Q1s across the board; Expect guide lift at Q2s

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe