Today’s Stock:SoFi Technologies, Inc. (SOFI)Today’s Stock:SoFi Technologies, Inc. (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money; and personal loans, student loans, home loans, and related services.

The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform that provides software licenses and associated services, including implementation and maintenance. In addition, it provides SoFi Money offers checking and savings accounts, and cash management products; and SoFi Invest, a mobile-first investment platform that offers access to trading and advisory solutions, such as investing and robo-advisory. Further, the company offers SoFi Credit Card that provides cash back rewards on every purchase;

My Thoughts 💭My Thoughts 💭

I heard of SoFi a long time ago when they were targeting college students with student loan debt. I remember getting flyers in the mail but never bothered with them. Then a few years later a girl I was dating was using them and really liked their services. Now I own shares of this company due to my experiment.. They seem like a cool neo bank so I understand how investors can be attracted to their growth prospects.

Let’s take a look at the fundamentals from a bitcoin perspective!

At 29.6k sats per share ($70,418), and no dividend this company would have to grow much larger and faster than bitcoin projected growth rate which is currently at 60 to 70% per year.

The company trades at a PE 55 which means investors are paying $55 to access $1 of earnings. Stock is very expensive.

Let’s review some key fundamentals to determine if this stock is worth spending sats on.

PE:PE:

Expected Growth:Expected Growth:

Revenues and expenses:Revenues and expenses:

Balance Sheet:Balance Sheet:

Dividend:Dividend:

NoneNone

Possible! According to AI SoFi owns about 2k to 3k BTC but I am unable to fine true metrics on the source i use (Bitcointreasuries.net)

Ownership breakdown :Ownership breakdown :

Leadership:Leadership:

The fundamentals of this company are pretty good. The balance sheet is good, the growth prospects are meh compared to bitcoin, no dividend thus this company must grow to return value to share holders, they offer Bitcoin exchange services which gives them entry into the future Bitcoin economy and may hold bitcoin on the balance sheet. The one negative is the overpaid CEO but it appears he is running his company well.

Paying almost 30k in sats for this company is reasonable. They recognize the bitcoin reset that is coming and they appear to operating the business very well. 30k sats is cheap at these depressed fiat conversation rate so picking up a few shares wouldn’t be the worst idea.

Here is my performance since I started buying shares almost 5 years ago:

Here is the performance according to Simply Wall Street

I understand how Jeremy can be bullish on this company over the next few years. The fundamentals of this company are very good. The risk reward is strong with this stock. Wall Street haven’t ran up the price yet. While the 55 PE may give a value investor pause I think this valuation will compress once SoFi leaves the growth phase of the business.

Due to the experiment I am running I will continue to purchase shares.

The market does not like this stock at all! One must ask at this cheap valuation is it worth dumping some sats for this company. I think yes because the margins and cash flow are solid, they have a foot in the bitcoin economy, the balance sheet is in good shape and it’s a strong brand. I think the market is punishing this stock due to its weak growth prospects.

I will continue to add shares of PayPal due to my experiment but the fundamentals make it a decent investment for sat spenders.