XP (XP Inc.) data errors
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Conor MacNeil
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Tetiana Afanasieva
Hi! Thanks for writing!
Total Revenue LTM YoY growth measures the percentage change between the total revenue over the latest twelve months (LTM) compared to the same period one year earlier. Could you please point out why you believe it is incorrect?
Enterprise Value (EV) is often unavailable or not reported for financial institutions like XP Inc., because the traditional EV calculation is not meaningful for banks, brokers, and other financial companies. I double-checked with our data provider, S&P Capital IQ, and confirmed that we do not receive this data.
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Ecru Peafowl
Tetiana Afanasieva Thanks for responding so promptly - the YoY growth seems to be based on the underlying currency so when looking at everything in USD terms, I realized the percentages will not reconcile due to currency mismatch. Can you confirm this is an expected behavior?
Understood re: Enterprise Value.
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Tetiana Afanasieva
Ecru Peafowl: Yes, the financial data for this ticker is originally reported in BRL. When we convert it to USD, we use the historical exchange rate as of the date the data was reported. This can cause differences between the YoY growth percentages when viewed in BRL versus USD.