PGY
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services and other service providers, thei...
Pagaya Technologies Ltd. (PGY) 投资分析
主要经营地
美国
详细的生意模式
AI信贷评估平台：为被银行拒绝的贷款提供“二次评估”，将通过模型筛选的资产打包出售给机构投资者并收取平台费用。
护城河
数据与模型（累计数据规模大）+合作渠道（银行/平台）形成壁垒；但受资本市场风险偏好影响。
估值水平
FCF/EV 29.5%；EV/EBITDA 2.6x；PE 13.4x
EV/Market Cap
0.78x
网络观点
🟡中性：强调公司拥有海量数据与AI优势，业务在多种贷款场景扩展；但仍需证明在不同信用周期下的稳健性。
AI的观点
我的判断：业务本质是“信用中介+技术”。YB口径FCF/EV很高，必须核对是否一次性/营运资金因素。核心风控：坏账表现、资金方稳定性、监管与模型可解释性。若能穿越信用周期，平台价值大；否则在风险偏好收缩时会承压。
作者简介
社媒 None；专业投资者否；顶级作者否；13F持仓否；历史总回报-22.8% (19 trades)
My Software Stocks Have Taken a Beating
I bought two software stocks recently. But because nothing has changed in my investment thesis, I continued to buy them during this correction. $PGY is a profitable growing business with a price to sales ratio of 0,8. The recent sell-off is an opportunity.