Nu .(NU) The Motley Fool·2024-12-14 09:12Company Overview - Nu Holdings is the parent company of Brazil-based Nubank, offering a wide range of financial services including credit cards, checking and savings accounts, investing, crypto, personal loans, and cellphone plans [2] - The company has expanded its services across Brazil, Colombia, and Mexico, with nearly 110 million customers at the end of Q3 2023, a 23% increase year-over-year [3] - Nu Holdings has the largest number of active credit customers in Brazil, with over half of adults in the country having a Nubank account and 84% monthly active customer rate in Q3 [4] Market Expansion - Nu Holdings has 9 million customers in Mexico and 2 million in Colombia, with customer growth accelerating by nearly 16% in Q3 [5] - The company is already Mexico's leading digital financial platform [5] Financial Performance - Nu Holdings turned a net profit in 2021 and continues to expand its margins [6] - Revenue rose 58% in Q3 to 553 million [7] - Gross profit margins increased to 46% in Q3, up from 43% in the year-ago quarter [7] Valuation - Nu Holdings' stock has a price-to-earnings ratio of 33, compared to the S&P 500's P/E ratio of 30.9 and SoFi Technologies' earnings multiple of 133 [8]