PAGS US (Buy, TP: $17, +88%) PagSeguro - CFO Investor Call, Thoughts out of Q4 / into 2023
We held a call with PagSeguro CFO, Artur Schunk, last week where we ran through some high level thoughts on Q4 and outlook for the coming year. Following our Dec-22 upgrade we continue to be very comfortable with expectations for '23 net earnings (BRL1.65 billion), which incorporates no rates cut of note (end-23 expected at the earliest), and drives a 9x PE multiple on the stock.
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
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