SoFi Stock Analysis (December 2023)

See more of my work: https://www.3minutebreakdowns.com Should you buy SoFi stock? Ticker: $SOFI SOFI Technologies is attempting to disrupt the banking industry. The stock has gained 70% this year but it's still well below its all time high. At the current price, the company has a market cap of 7 billion dollars but it’s running at a net loss. Net income over the last 12 months is minus 400 million and an EV to EBITDA multiple of 32 isn’t particularly attractive. However, SOFI is growing at a rapid pace. This is a company that was founded barely 10 years ago and it’s now doing 2 billion in annual revenues. And interest income has more than tripled this year. Obviously, higher interest rates are a factor, but SOFI’s deposit base now sits at $15 billion dollars. That suggests SOFI is taking legitimate market share from the big banks. And with the student loan repayment moratorium at an end, there’s a real opportunity for student loan refinancings to drive more growth going forward. Despite that growth, SOFI stock trades at only 1.3 times its book value. That’s less than JP Morgan Chase and only slightly below Bank of America. Fellow fintech stock Upstart trades at 3.5 times its book value. In other words, SOFI stock isn’t expensive. And if growth is real, the stock has a path to enormous upside. #sofistock #investing #finance #stocks