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home / news releases / STNE - StoneCo: Stirring Waves In Banking


STNE - StoneCo: Stirring Waves In Banking

2024-06-17 11:39:19 ET

Summary

  • StoneCo is diverging from its fintech origins, and is more like a bank with each quarter.
  • Facing challenges with increasing non-performing loans. Investors should keep an eye on this.
  • Paying 10x forward profits seems cheap, but details matter.

Investment Thesis

I believe I'm one of the few analysts on Seeking Alpha that in 2024 doesn't have a BUY rating on StoneCo ( STNE ). My rationale with StoneCo is that it's a bank. And a bank carries a bank-like multiple. Not a fintech-like multiple....

For further details see:

StoneCo: Stirring Waves In Banking
Stock Information

Company Name: StoneCo Ltd.
Stock Symbol: STNE
Market: NASDAQ
Website: stone.co

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