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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":847248010,"tweetId":"847248010","gmtCreate":1636528820520,"gmtModify":1636528822906,"author":{"id":3576232257279797,"idStr":"3576232257279797","authorId":3576232257279797,"authorIdStr":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":168,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Ho</body></html>","htmlText":"<html><head></head><body>Ho</body></html>","text":"Ho","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/847248010","repostId":1171459627,"repostType":4,"repost":{"id":"1171459627","pubTimestamp":1636527068,"share":"https://www.laohu8.com/m/news/1171459627?lang=&edition=full","pubTime":"2021-11-10 14:51","market":"hk","language":"en","title":"PayPal: Reasons To Be Bullish This Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1171459627","media":"seeking alpha","summary":"Summary\n\nPayPal discusses its Pinterest acquisition, and why PayPal has a ''responsibility'' to cons","content":"Summary\n<ul>\n <li><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> discusses its Pinterest acquisition, and why <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> has a ''responsibility'' to consider value creation acquisitions.</li>\n <li>PayPal makes 21 cents of free cash flow for every dollar of revenue. Estimated to make $6.1 billion of free cash flow in 2022.</li>\n <li>PayPal is expected to grow at 18% CAGR into next year.</li>\n <li>PayPal is priced at 8x next year's revenues.</li>\n</ul>\nInvestment Thesis\nPayPal (PYPL) goes through a tough period, as its Q4 guidance is woefully shy of its own estimates. Also, management discusses its move away from the acquisition of Pinterest (PINS).\nFurthermore, lest we forget, PayPal is a free cash flow machine like few other businesses. It already has $10 billion of net cash on its balance sheet and makes more than $5 billion of free cash flow already this year.\nPayPal reminds investors of its path to grow to $50 billion in revenues by 2025.\nHence, at 8x next year's revenues, PayPal is becoming increasingly attractive. <a href=\"https://laohu8.com/S/ISBC\">Investors</a> would do well to consider putting this stock on their watchlist.\nInvestor Sentiment Facing PYPLData by YCharts\nThere are certain blue-chip companies that simply don't have misfires. I always presumed PayPal was <a href=\"https://laohu8.com/S/AONE.U\">one</a> such company. However, the past several months have been incredibly tough for shareholders.\nSince PayPal's <a href=\"https://laohu8.com/S/QTWO\">Q2</a> results, the stock has slowly given back much of its gains. Then, the negative selling pressure picked up momentum with the announcement of the most absurd acquisition of Pinterest (PINS) thatnearly went through. I can only say, good riddance that it didn't!\nPayPal had absolutely no business in acquiring a social media company. It was nothing short of hubris to assume that PayPal had the magic dust necessary to revitalize Pinterest. Yet, to be clear, I'm a fan of Pinterest at this valuation but simply could not see how PayPal would improve Pinterest's user engagement by layering on commerce through Pinterest's platform.\nFor their part, PayPalnotesthat it was their plan to get closer to consumers, being a super app, for ''consumers engaging at the beginning of their shopping journey to purchase and post-purchase''.\nPayPal's Revenue Growth Rates Fizzle Out, But!\nSource: author's calculations; **company guidance\nThe graph above points out the obvious problem for PayPal, its growth rates are pointing noticeably in the wrong direction, as <a href=\"https://laohu8.com/S/EBAYL\">eBay</a> (EBAY) migrates away from PayPal.\nPertinently, what's more, not only did PayPal's guidance comemeaningfully shy of its own guidance for Q4,but investors are also now starting to think about 2022, and how PayPal will come up against its super-strong H1 2021?\nPayPal notes that <a href=\"https://laohu8.com/S/EBAY\">eBay</a>'s payments migration, as well as stimulus earlier this year, are making for a very challenging period for PayPal's 2022. Most noticeably being Q1 2022, where PayPal comes up against an incredibly strong quarter with this year's Q1.\nLooking out to 2022 as a whole, PayPal guides for approximately 18% CAGR.\nMoreover, PayPalnotesthat once it laps Q1 2021, the remainder of the year should be picking up its pace of growth, so that its exit from 2022, should be close to mid 20s% revenue growth rates.\n&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;\n(Source)\nFurther, PayPal reminds investors that despite this near-term turbulence, that PayPal is still on target to grow its top line by 20% CAGR all the way into 2025.\nNear-Term Prospects Discussed\nIf you've read my work before, you'll have heard me say the following. Nobody asks difficult questions about their investment while the stock is going up. It's only when things go down, that people start to bring up tough questions. Or in other words,''buy-and-hold for as long as the share price is going up''.\nBut when things go slightly sour, investors are quick to ''react''. However, asides from <a href=\"https://laohu8.com/S/EBAYL\">eBay</a> leaving PayPal, PayPal's underlying fundamentals remain strong.\n&lt;&lt;&lt;图片加载中。。。&gt;&gt;&gt;\n(Source)\nIn fact, as you can see above, despite raising prices in the US, merchant adoption hasn't slowed down and was up 13% y/y, with healthy engagement too, that was up 10% y/y.\nPinterest or Not, PayPal is a Free Cash Flow Machine\nIn 2021, PayPal is expected to make $5.2 billion of free cash flow. As PayPal reminded investors during the call, PayPal makes 21 cents for every dollar of revenue. Few businesses are as cash flow generative as PayPal.\nIn an attempt to enlighten investors, PayPal notes that its balance sheet carries $10 billion of net cash and that its responsibility is to seek out ''opportunities that are out there that create even more value creation''.\nThat although Pinterest will not be pursued, PayPal may look for other ways to broaden its reach with consumers.\nPYPL Stock Valuation - One of the Cheapest Blue Chips\nAs noted already, PayPal makes meaningful amounts of free cash flow. If we presume that its top-line grows by 18% into next year and that its transaction-based costs grow proportionally, it's likely that PayPal will make approximately $6.1 billion of free cash flow next year.\nThis puts the stock trading at approximately 42x next year's free cash flow. This may not seem eye-popping cheap, but remember, PayPal rarely trades cheaply. What's more, you are still getting about 18% to 20% long-term growth thrown in too.\nIn the present market, paying 42x free cash flow is a lot cheaper than it seems.\nThe Bottom Line\nInvesting is not supposed to be easy. PayPal has lost momentum and is now starting to become too cheap to be ignored. Its stock is priced at 42x next year's free cash flows. Not sales or non-GAAP earnings, but actual free cash flows!\nThis investment certainly belongs on my watchlist. That being said, I'm still finding better opportunities to deploy my own capital. Good luck and happy investing!","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal: Reasons To Be Bullish This Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal: Reasons To Be Bullish This Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4467218-paypal-q3-earnings-reasons-to-be-bullish-pypl>seeking alpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummary\n\nPayPal discusses its Pinterest acquisition, and why PayPal has a ''responsibility'' to consider value creation acquisitions.\nPayPal makes 21 cents of free cash flow for every dollar of ...\n\n<a href=\"https://seekingalpha.com/article/4467218-paypal-q3-earnings-reasons-to-be-bullish-pypl\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://seekingalpha.com/article/4467218-paypal-q3-earnings-reasons-to-be-bullish-pypl","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1171459627","content_text":"Summary\n\nPayPal discusses its Pinterest acquisition, and why PayPal has a ''responsibility'' to consider value creation acquisitions.\nPayPal makes 21 cents of free cash flow for every dollar of revenue. Estimated to make $6.1 billion of free cash flow in 2022.\nPayPal is expected to grow at 18% CAGR into next year.\nPayPal is priced at 8x next year's revenues.\n\nInvestment Thesis\nPayPal (PYPL) goes through a tough period, as its Q4 guidance is woefully shy of its own estimates. Also, management discusses its move away from the acquisition of Pinterest (PINS).\nFurthermore, lest we forget, PayPal is a free cash flow machine like few other businesses. It already has $10 billion of net cash on its balance sheet and makes more than $5 billion of free cash flow already this year.\nPayPal reminds investors of its path to grow to $50 billion in revenues by 2025.\nHence, at 8x next year's revenues, PayPal is becoming increasingly attractive. Investors would do well to consider putting this stock on their watchlist.\nInvestor Sentiment Facing PYPLData by YCharts\nThere are certain blue-chip companies that simply don't have misfires. I always presumed PayPal was one such company. However, the past several months have been incredibly tough for shareholders.\nSince PayPal's Q2 results, the stock has slowly given back much of its gains. Then, the negative selling pressure picked up momentum with the announcement of the most absurd acquisition of Pinterest (PINS) thatnearly went through. I can only say, good riddance that it didn't!\nPayPal had absolutely no business in acquiring a social media company. It was nothing short of hubris to assume that PayPal had the magic dust necessary to revitalize Pinterest. Yet, to be clear, I'm a fan of Pinterest at this valuation but simply could not see how PayPal would improve Pinterest's user engagement by layering on commerce through Pinterest's platform.\nFor their part, PayPalnotesthat it was their plan to get closer to consumers, being a super app, for ''consumers engaging at the beginning of their shopping journey to purchase and post-purchase''.\nPayPal's Revenue Growth Rates Fizzle Out, But!\nSource: author's calculations; **company guidance\nThe graph above points out the obvious problem for PayPal, its growth rates are pointing noticeably in the wrong direction, as eBay (EBAY) migrates away from PayPal.\nPertinently, what's more, not only did PayPal's guidance comemeaningfully shy of its own guidance for Q4,but investors are also now starting to think about 2022, and how PayPal will come up against its super-strong H1 2021?\nPayPal notes that eBay's payments migration, as well as stimulus earlier this year, are making for a very challenging period for PayPal's 2022. Most noticeably being Q1 2022, where PayPal comes up against an incredibly strong quarter with this year's Q1.\nLooking out to 2022 as a whole, PayPal guides for approximately 18% CAGR.\nMoreover, PayPalnotesthat once it laps Q1 2021, the remainder of the year should be picking up its pace of growth, so that its exit from 2022, should be close to mid 20s% revenue growth rates.\n<<<图片加载中。。。>>>\n(Source)\nFurther, PayPal reminds investors that despite this near-term turbulence, that PayPal is still on target to grow its top line by 20% CAGR all the way into 2025.\nNear-Term Prospects Discussed\nIf you've read my work before, you'll have heard me say the following. Nobody asks difficult questions about their investment while the stock is going up. It's only when things go down, that people start to bring up tough questions. Or in other words,''buy-and-hold for as long as the share price is going up''.\nBut when things go slightly sour, investors are quick to ''react''. However, asides from eBay leaving PayPal, PayPal's underlying fundamentals remain strong.\n<<<图片加载中。。。>>>\n(Source)\nIn fact, as you can see above, despite raising prices in the US, merchant adoption hasn't slowed down and was up 13% y/y, with healthy engagement too, that was up 10% y/y.\nPinterest or Not, PayPal is a Free Cash Flow Machine\nIn 2021, PayPal is expected to make $5.2 billion of free cash flow. As PayPal reminded investors during the call, PayPal makes 21 cents for every dollar of revenue. Few businesses are as cash flow generative as PayPal.\nIn an attempt to enlighten investors, PayPal notes that its balance sheet carries $10 billion of net cash and that its responsibility is to seek out ''opportunities that are out there that create even more value creation''.\nThat although Pinterest will not be pursued, PayPal may look for other ways to broaden its reach with consumers.\nPYPL Stock Valuation - One of the Cheapest Blue Chips\nAs noted already, PayPal makes meaningful amounts of free cash flow. If we presume that its top-line grows by 18% into next year and that its transaction-based costs grow proportionally, it's likely that PayPal will make approximately $6.1 billion of free cash flow next year.\nThis puts the stock trading at approximately 42x next year's free cash flow. This may not seem eye-popping cheap, but remember, PayPal rarely trades cheaply. What's more, you are still getting about 18% to 20% long-term growth thrown in too.\nIn the present market, paying 42x free cash flow is a lot cheaper than it seems.\nThe Bottom Line\nInvesting is not supposed to be easy. PayPal has lost momentum and is now starting to become too cheap to be ignored. Its stock is priced at 42x next year's free cash flows. Not sales or non-GAAP earnings, but actual free cash flows!\nThis investment certainly belongs on my watchlist. That being said, I'm still finding better opportunities to deploy my own capital. Good luck and happy investing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/847248010"}