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PagSeguro Digital Ltd., together with its subsidiaries, engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. It provides digital banking solutions, including deposits, top-ups, debt management services, tax collections, wire transfers, ATM withdrawals, and various online and point-of-sale (POS) payment solutions; cards, such as debit, credit, cash, and prepaid cards; and credit products comprising FGTS withdrawals, payroll loans, working capital loans, and overdraft accounts. The company offers insurance services, including account, card, home, business, health assistance, life, and credit life insurance; investment services, such as investment and portfolio advisory, financial education, brokerage, fund management, treasury, and research services; and operates Shopping PagBank, a marketplace for various brands. In addition, it provides software solutions comprising PagVendas, a POS software app; ClubPag, a marketing tool that allows merchants to advertise across client base, available for POS devices; and PlugPag, a wireless solution that connects the machine to the commercial automation system, via Bluetooth technology. The company was founded in 2006 and is headquartered in São Paulo, Brazil.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2024
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2024 | $9.2B | $7.7B | $2.1B | $-5.7B | 14.4% | 1.7% | 28.0% |
| 2023 | $9.0B | $6.6B | $1.7B | $2.0B | 12.5% | 1.4% | 9.9% |
| 2022 | $8.9B | $6.0B | $1.5B | $1.4B | 12.7% | 31.3% | 29.0% |
| 2021 | $6.8B | $3.0B | $1.2B | $-854M | 11.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total Revenue | 6,784.81 | 8,906.41 | 9,027.24 | 9,183.28 |
| Cost Of Revenue | 5,775.90 | 7,470.90 | 8,132.58 | 9,543.32 |
| Gross Profit | 1,008.91 | 1,435.51 | 894.66 | -360.03 |
| Operating Expense | 2,401.47 | 2,614.75 | 2,162.51 | 2,831.84 |
| Operating Income | -1,392.56 | -1,179.24 | -1,267.84 | -3,191.87 |
| EBITDA | 3,047.26 | 6,041.56 | 6,642.32 | 7,727.55 |
| EBIT | 2,278.66 | 4,910.87 | 5,286.66 | 6,126.62 |
| Pretax Income | 1,488.03 | 1,759.32 | 2,017.11 | 2,379.93 |
| Tax Provision | 321.74 | 254.55 | 363.42 | 263.56 |
| Net Income | 1,166.10 | 1,504.77 | 1,653.68 | 2,116.37 |
| Net Income Common Stockholders | 1,166.10 | 1,504.77 | 1,653.68 | 2,116.37 |
| Total Expenses | 8,177.36 | 10,085.65 | 10,295.08 | 12,375.16 |
| Interest Expense | 790.63 | 3,151.55 | 3,269.56 | 3,746.69 |
| Interest Income | 3,514.43 | 6,252.73 | 6,653.05 | 9,150.43 |
| Selling General And Administration | 2,401.47 | 2,614.75 | 2,162.51 | 2,831.84 |
| Normalized EBITDA | 3,047.26 | 6,041.56 | 6,642.32 | 7,727.55 |
| Normalized Income | 1,166.10 | 1,504.77 | 1,653.68 | 2,116.37 |
| Basic EPS | 3.53 | 4.60 | 5.14 | 6.70 |
| Diluted EPS | 3.51 | 4.57 | 5.10 | 6.62 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.22 | 0.14 | 0.18 | 0.11 |
| Net Income From Continuing Operation Net Minority Interest | 1,166.10 | 1,504.77 | 1,653.68 | 2,116.37 |
| Reconciled Depreciation | 768.59 | 1,130.69 | 1,355.65 | 1,600.93 |
| Reconciled Cost Of Revenue | 5,775.90 | 7,470.90 | 8,132.58 | 9,543.32 |
| Net Interest Income | 2,873.28 | 3,276.96 | 3,651.60 | 5,879.66 |
| Net Income From Continuing And Discontinued Operation | 1,166.10 | 1,504.77 | 1,653.68 | 2,116.37 |
| Diluted Average Shares | 332.17 | 329.23 | 323.96 | 319.50 |
| Basic Average Shares | 330.31 | 327.11 | 321.81 | 316.10 |
| Diluted NI Availto Com Stockholders | 1,166.10 | 1,504.77 | 1,653.68 | 2,116.37 |
| Minority Interests | -0.18 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 1,166.28 | 1,504.77 | 1,653.68 | 2,116.37 |
| Net Income Continuous Operations | 1,166.28 | 1,504.77 | 1,653.68 | 2,116.37 |
| Other Income Expense | 7.30 | -338.40 | -366.65 | -307.86 |
| Other Non Operating Income Expenses | 7.30 | -338.40 | -366.65 | -307.86 |
| Net Non Operating Interest Income Expense | 2,873.28 | 3,276.96 | 3,651.60 | 5,879.66 |
| Total Other Finance Cost | -149.49 | -175.77 | -268.11 | -475.92 |
| Interest Expense Non Operating | 790.63 | 3,151.55 | 3,269.56 | 3,746.69 |
| Interest Income Non Operating | 3,514.43 | 6,252.73 | 6,653.05 | 9,150.43 |
| Selling And Marketing Expense | 1,523.91 | 1,946.08 | 1,429.82 | 1,859.59 |
| General And Administrative Expense | 877.56 | 668.68 | 732.69 | 972.25 |
| Other Gand A | 877.56 | 668.68 | 732.69 | 972.25 |
| Operating Revenue | 6,784.81 | 8,906.41 | 9,027.24 | 9,183.28 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PagSeguro Digital Ltd.this co. | PAGS | $2.8B | 6.94↓ discount | 0.94 | 14.4% | 0.32 |
| Bel Fuse Inc. | BELFA | $2.9B | 49.26 | 6.83 | 11.9% | 23.70 |
| Ambarella, Inc. | AMBA | $2.9B | - | 4.80 | -12.8% | -37.38 |
| Penguin Solutions, Inc. | PENG | $2.7B | 63.53 | 4.09 | 6.4% | 14.98 |
| StoneCo Ltd. | STNE | $2.6B | 6.27 |
| 1.22 |
| 21.0% |
| 1.98 |
| Bitdeer Technologies Group | BTDR | $2.6B | - | 2.81 | - | 10.32 |
| Braze, Inc. | BRZE | $2.6B | - | 4.10 | -21.0% | -18.10 |
| Aehr Test Systems, Inc. | AEHR | $2.6B | - | 18.24 | -3.2% | -213.47 |
| Grindr Inc. | GRND | $2.5B | 30.91 | 52.32 | 201.6% | 20.22 |
| Peer Median | - | 40.08 | 4.45 | 6.4% | 6.15 | |