Affirm: Easy Money Will Be Gone By The Time It Feels Safe

Affirm is now a free cash flow machine, poised to generate over $1 billion in FCF in the next twelve months. AFRM is expected to deliver 24%-25% revenue growth in fiscal 2027, with annual revenues surpassing $5 billion. Profitability is accelerating: management has consistently raised non-GAAP operating margin guidance, targeting 29% next fiscal year. At 25x forward FCF and a PEG of ~1x, AFRM appears undervalued despite competitive risks and current risk-off sentiment.

Affirm (AFRM) is a business that I'm bullish on. Not only This article was written by Michael Wiggins De Oliveira 52.82K Followers Follow Michael Wiggins De Oliveira is an Inflection investor. As an Inflection investor, I believe that simplicity is key to outperformance. Since 2024, Deep Value Returns is up 220% vs 75% for the Nasdaq (*as of 2 July 2026).This means buying a stock at the moment when the outlook is expected to improve over the next year. This allows one to minimize the downside, while positioning yourself at the moment when the stock is primed to perform strongly.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outstanding professional experience in tech and energy and a following of over 40K on Seeking Alpha.Michael is the leader of the Investing Group Deep Value Returns.Features of the group include: Insigh...