I have to admit, i'm a bit worried about these results. On initial analysis, the earnings and buyback are great, strong beats. However, the topline has really slowed down. There is only so much leverage they are going to be able to get from cutting costs and we are just about tapped out on that front.
Block is supposed to be a hyper growth company, with a long run way ahead of it, I'm not seeing that in these numbers. They are closing the U.K and cash app and square are slowing down materially.
The only saving grace is the valuation, which is now reasonable on forward basis. However, the stock based compensation distorts the true earnings of block, so if you add back in the circa $930mil USD in stock based comp, there isn't a lot of earnings left.
Bit to ponder here. Could be the next paypal.
I have to admit, i'm a bit worried about these results. On...
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Last
$129.75 |
Change
3.350(2.65%) |
Mkt cap ! $6.305B | |||
| Open | High | Low | Value | Volume |
| $131.26 | $132.00 | $129.75 | $78.00M | 595.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5 | $129.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $130.00 | 1880 | 3 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |