Skip to content
Company Analysis

XP Inc. XP

A comprehensive view of key metrics, scores, and financial health for XP Inc.

Overview of XP Inc.

XP NMS
Financial Services Capital Markets Framework: Asset Management & Capital Markets Mid Cap
XP Inc. (XP), is a Mid Cap company, in the Capital Markets industry, last closed at $15.96, about 125.8% undervalued vs fair value, -10.7% 1Y return, ranked 609/1078 in sector.
Metrics P/E 9.2× Rev Growth 7.3% ROE 23.7% Gross Margin 26.0% Div Yield 1.06%
USD 15.96
1.62%
(Delayed)
• Vol 90d: 127.1%
52-Week Range
Market Cap
$8.17B
Enterprise Value
$26.73B
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 100%
Confidence: 96%
Updated: Oct 24
Top Beats

Quick Facts

Website https://www.xpinc.com
HQ Grand Cayman
Fiscal year Dec 31

Next Events

Earnings Nov 16

Fair Value Snapshot

Bear Base Bull
$27
$36
$49
Current: $15.96 +126% vs base

Engine Room Money Flow™

Mid Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps
Total Revenue
BRL 8.0B
7.3%%
Operating Income (FRE Proxy)
-BRL 4.5B
-15.4%%
EBITDA
BRL 6.4B
5.8%%
Net Income
BRL 5.2B
14.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Asset Management & Capital Markets

Quality & Reliability Indicators

Operating Margin (FRE Proxy)
-56.7%
Poor

Operating Income / Revenue — proxy for Fee-Related Earnings margin

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

BRL 2.4B
46.3% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
0/1
Improving
0
High Impact
0
Critical
Moat Analysis Asset Management Specialized

Competitive Advantage Assessment

Evaluating XP Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
63
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • High Return on Equity Return on equity ranks highly vs peers (score 0.82).
  • Sticky AUM Base Revenue stickiness is high (stability score 0.74).

Key risks

  • High Compensation Costs Compensation costs relative to peers are high (score 0.32).
  • Fee Margin Pressure Fee margin quality is below peers (score 0.32).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Fee Revenue Quality

Developing
41
Premium

Signals, strengths and risks for Fee Revenue Quality

Premium

Signals, strengths and risks for Client Retention & Revenue Stickiness

Premium

Signals, strengths and risks for Compensation Discipline

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Earnings Quality & Cash Conversion

Premium

Signals, strengths and risks for Balance Sheet Strength

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing XP's balance between Growth (37.4%), Profitability (38.6%), and Safety (24.0%). Growth 37% Safety 24% Profitability 39%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

55th percentile vs peers
56
Key Signals
EPS Growth YoY 18.1% 62p Rev Growth YoY 7.3% 51p Revenue CAGR 3Y 10.3% 53p EPS CAGR 3Y 15.9% 56p
Strengths
  • ROE in top 20% of peers (23.7%, 86th percentile)
  • FCF Margin in top 20% of peers (1.45, 84th percentile)
Risks

No significant risks identified for this axis.

Profitability

57th percentile vs peers
58
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

35th percentile vs peers
36
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for XP Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$36.03
- - -
+125.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info
Send Feedback
Please select a category.
0/1000