Two bull cases for PayPal
Picking up where I left off in yesterday's e-mail... In it, I analyzed PayPal's (PYPL) historical financials. As I said, they look exceptionally strong. PayPal has high margins, growth, and free cash flow ("FCF"). The company also boasts a strong balance sheet and smart capital allocation. But despite this, PayPal's stock has been crushed. As I said yesterday: At [Tuesday's] closing price of $44.53, it trades at a mere 8.4 times this year's consensus earnings estimates of $5.30 per share. That's a small fraction of the S&P 500 Index's multiple of 22 times. And it's within a whisker of PayPal's […]
June 4, 2026
|Whitney Tilson