Picpay Holdings Netherlands N.V. Class A (PICS) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Picpay Holdings Netherlands N.V. Class A $16.45, price $9.09, upside +81.0%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 2, 2026.
How to read this chart
8‑month range $8.19 – $19.00 · fair‑value band $12.34 – $20.02 · the $9.09 price screens below the $16.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 2, 2026.
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PicS N.V. operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil.
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PicS N.V. operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil. The company offers a range of transactional products for its consumers, including Pix, an instant payment system, peer-to-peer between PicPay accounts, bill payments, payroll portability, global account, and a payment assistant that helps consumers organize, centralize, and settle bills through an integrated hub. The company also provides multipurpose cards; personal loans; instalment payments; payroll loans for public servants, retirees, and pensioners; private payroll loans for formally employed workers; and access to the FGTS annual birthday withdrawal program. In addition, it offers digital insurance distribution platform with products, such as digital wallet insurance, PicPay Card bill protection, credit life insurance, smartphone protection, life insurance, home insurance, and others, as well as provides a range of products to various investor profiles and financial goals. Further, the company offers a portfolio of products in QR code payments for small and medium-sized businesses; banking services; corporate benefits and salary advances; PicPay Shop that offers consumers to purchase a range of products and services; and PicPay Ads, an advertising platform designed to enable brands to reach engaged consumer base through contextualized placements within the app. PicS N.V. was formerly known as Picpay Holdings Netherlands B.V. The company was founded in 2012 and is based in São Paulo, Brazil. PicS N.V. is a subsidiary of Jf International B.v.
Stock analysis
Picpay Holdings Netherlands N.V. Class A Common Shares (PICS) currently trades at $9.09, while our model-based Fair Value estimate is $16.45, implying the stock looks roughly 44.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $97.48 per share, and 10 of the 15 models we run sit above the $9.09 price.
Bear case: the Asset-Based group reads lowest at $2.48, and 5 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: $12.34 (bear) to $20.02 (bull), the price of $9.09 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Picpay Holdings Netherlands N.V. Class A Common Shares reported revenue of R$6.3B in FY2025 versus R$1.2B in FY2021, a compound +50.5%/yr. Reported net income was R$1.1B in FY2025.
Key figures
Market cap $1.8B · P/E ratio 4.3 · P/S ratio 0.75 · EPS (TTM) $1.94 · Net margin 17.4% · Return on equity 30.7% · Return on assets (EBIT) −2.9% · Operating margin 42.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
For context, the median of 10 Technology peers we cover trades at −23% fair-value upside, at 81%, PICS screens cheaper than that median.
Fair Value models
Bear $12.34Fair Value $16.45Bull $20.02
Price $9.09 · Upside +81.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.48 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+21.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.6%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−155.3% (2021) → 6.7% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
News mood ⓘNews mood, the average tone of recent news (67 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
Compare Picpay Holdings Netherlands N.V. Class A Common Shares with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 353 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+81.0% · Top 25%
Profitability
Return on equity (TTM)30.7% · Top 25%
Return on assets7.0% · Top 25%
Net margin (TTM)10.0% · Above median
Operating margin (TTM)42.9% · Top 25%
Growth and dividend
Revenue growth67.0% · Top 25%
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Picpay Holdings Netherlands N.V. Class A Common Shares Fair Value". https://www.fairvalue-calculator.com/stock/PICS
Frequently asked questions
Is Picpay Holdings Netherlands N.V. Class A (PICS) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of $16.45 versus a price of $9.09, about +81% upside (undervalued).
What is the fair value of PICS?
Our model-based fair value for Picpay Holdings Netherlands N.V. Class A Common Shares is $16.45 (as of Oct 2, 2026), built from audited fundamentals. The current price: $9.09.
What is the quality score of PICS?
Picpay Holdings Netherlands N.V. Class A Common Shares has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Picpay Holdings Netherlands N.V. Class A (PICS)?
Our model-based price target is the fair value of $16.45 (as of Oct 2, 2026) from 15 valuation models. Cautious scenario $12.34, optimistic scenario $20.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Picpay Holdings Netherlands N.V. Class A Common Shares stock forecast for 2026?
Our models put fair value at $16.45, about +81% upside versus a price of $9.09 (undervalued). Cautious scenario $12.34, optimistic scenario $20.02. The calculation is refreshed regularly with new filings.
What is the revenue of Picpay Holdings Netherlands N.V. Class A (PICS)?
Picpay Holdings Netherlands N.V. Class A Common Shares reported trailing-twelve-month revenue of about R$13.4B (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Picpay Holdings Netherlands N.V. Class A (PICS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Picpay Holdings Netherlands N.V. Class A Common Shares it is $16.45 per share (as of Oct 2, 2026), against a price of $9.09. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Picpay Holdings Netherlands N.V. Class A Common Shares stock overvalued or undervalued in 2026?
As of Oct 2, 2026, PICS trades below its calculated fair value: price $9.09, fair value $16.45, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PICS?
No. The price is what the market pays today ($9.09); the fair value is what the company's own numbers justify ($16.45). For Picpay Holdings Netherlands N.V. Class A Common Shares the two are $7.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Picpay Holdings Netherlands N.V. Class A Common Shares worth?
The market values Picpay Holdings Netherlands N.V. Class A Common Shares at about $1.8B (market capitalisation, as of Oct 2, 2026). Per share that is $9.09; our models calculate a fair value of $16.45 per share.
What do the bullish and bearish scenarios say about PICS?
Our models span a range for Picpay Holdings Netherlands N.V. Class A Common Shares: cautious scenario $12.34, base $16.45, optimistic $20.02 per share (as of Oct 2, 2026, price $9.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PICS?
Picpay Holdings Netherlands N.V. Class A Common Shares trades at a price-to-earnings ratio of 4.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $16.45 is built from several models across several years. Other multiples: P/B 2.5, P/S 0.7, EV/EBITDA 0.9.
How solid is the balance sheet of Picpay Holdings Netherlands N.V. Class A (PICS)?
Balance-sheet figures for Picpay Holdings Netherlands N.V. Class A Common Shares (as of Oct 2, 2026): return on equity 30.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
Which stocks are comparable to Picpay Holdings Netherlands N.V. Class A Common Shares?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, CrowdStrike Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Picpay Holdings Netherlands N.V. Class A Common Shares stock attractive at the current price?
The data as of Oct 2, 2026: price $9.09, calculated fair value $16.45 (+81%), Quality Score 42/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PICS calculated?
We run Picpay Holdings Netherlands N.V. Class A Common Shares through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $16.45, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. Picpay Holdings Netherlands N.V. Class A Common Shares currently trades 45 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Picpay Holdings Netherlands N.V. Class A (PICS)?
The closing price on Oct 2, 2026 was $9.09. Our model-based fair value is $16.45, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Picpay Holdings Netherlands N.V. Class A Common Shares right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($12.34). The market is more pessimistic than our downside scenario.
Key figures of Picpay Holdings Netherlands N.V. Class A Common Shares
How large is the market capitalisation of Picpay Holdings Netherlands N.V. Class A (PICS)?
The market capitalisation of Picpay Holdings Netherlands N.V. Class A Common Shares is $1.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Picpay Holdings Netherlands N.V. Class A (PICS)?
The price-to-sales ratio of Picpay Holdings Netherlands N.V. Class A Common Shares is 0.75 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Picpay Holdings Netherlands N.V. Class A (PICS)?
Earnings per share at Picpay Holdings Netherlands N.V. Class A Common Shares are $1.94 (price ÷ EPS = P/E 4.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Picpay Holdings Netherlands N.V. Class A (PICS)?
The net margin of Picpay Holdings Netherlands N.V. Class A Common Shares is 17.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Picpay Holdings Netherlands N.V. Class A (PICS)?
The return on equity (ROE) of Picpay Holdings Netherlands N.V. Class A Common Shares is 30.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Picpay Holdings Netherlands N.V. Class A (PICS)?
On an EBIT basis the return on assets of Picpay Holdings Netherlands N.V. Class A Common Shares is −2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Picpay Holdings Netherlands N.V. Class A (PICS)?
The operating margin of Picpay Holdings Netherlands N.V. Class A Common Shares is 42.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Picpay Holdings Netherlands N.V. Class A (PICS)?
Revenue at Picpay Holdings Netherlands N.V. Class A Common Shares is growing +67.0% versus a year earlier (3y avg +27.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Picpay Holdings Netherlands N.V. Class A (PICS) generate?
The free cash flow of Picpay Holdings Netherlands N.V. Class A Common Shares is −$4.4B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Picpay Holdings Netherlands N.V. Class A (PICS) hold?
Picpay Holdings Netherlands N.V. Class A Common Shares holds more cash than debt, R$4.8B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 2, 2026