PGY - Pagaya Q4 Earnings: 10x EBITDA And Aiming For Net Cash Flows In 12 Months

2024-02-23 10:32:38 ET

Summary

• Valuation at 10x EBITDA positions Pagaya Technologies Ltd. as an appealing investment in the fintech sector.
• The company's goal to achieve positive cash flow by early 2025 underscores its commitment to financial sustainability.
• Securing a $290 million credit facility from reputable lenders reflects confidence in Pagaya's financial strength and growth potential.

Investment Thesis

Pagaya Technologies Ltd. (PGY) has the making of my inflection stock following Q4 earnings . Here's my definition. That is a business that is going to have substantially more free cash flow next year than investors are pricing in right now. This is important to understand....

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