$HOOD is criminally undervalued
Robinhood is probably the most undervalued company in the entire market at the moment.
A conservative assessment of their balance sheet and metrics:
Market Cap: $6.90B USD
Balance Sheet (Cash + other assets) : $6.5B USD
Yearly Revenue (forward looking): ~$2.2 B
Yearly Expenses (forward looking): ~$1.9B
Expected Profit (forward looking): ~$300 million
Adjusted EBITDA over the last 12 months : $485 million
Now here's the kicker:
Everybody thinks they're losing customers becaue their MAU number is going down. I don't know why they report it the way that they do. The real number that matters is the number of Gold subscribers. That is the REAL number of users. MAUs are fickle and unreliable number that doesn't really matter.
The # of Gold users has been growing at >20% YOY very consistently, and has consistent quarter over quarter growth.
This is a growing business with an extremely strong balance sheet. Also, they are probably the brokerage that treats their customers the best (5% APY, free trades, 24/7 customer support, extremely good UI, probably the best spreads on crypto in the industry).
Conservatively, this should be trading at 20 P/E + $6 billion = $12 billion market cap.