Nu Holdings Ltd. (NU) intrinsic value & 10-year financials
Nu Holdings Ltd. (NU) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 79.8% a year to $11.5B, with an average return on invested capital of -20.1%.
- Graham intrinsic value
- —
- Revenue (FY2024)
- $11.5B
- Revenue growth (7-yr CAGR)
- 79.8%
- ROIC (10-yr avg)
- -20.1%
- Free cash flow (FY2024)
- —
NU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $11.5B | $2.0B | $0.40 | — | — | 217.8% |
| FY2023 | $8.0B | $1.0B | $0.21 | — | — | 70.5% |
| FY2022 | $4.8B | -$364.6M | -$0.08 | — | — | -22.9% |
| FY2021 | $1.7B | -$165.3M | $534,042.00 | — | — | -435.7% |
| FY2020 | $737.1M | -$171.5M | $438,526.00 | — | — | 14.9% |
| FY2019 | $612.1M | -$92.5M | $379,310.33 | — | — | 34.7% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Nu Holdings Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Nu Holdings Ltd. has earned high returns on invested capital, averaging 15.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Nu Holdings Ltd. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Nu Holdings Ltd. is modeled at -93.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-62.20 per share.