Company Overview - Block is currently valued at $37 billion with a revenue of $24 billion, trading at $61.04 [2] - The company has experienced a 0.5% revenue growth over the last 12 months and has an operating margin of 9.6% [2] - Block's debt-to-equity ratio stands at 0.18, and its cash-to-assets ratio is 0.35 [2] Stock Performance - Block stock has declined by 13.9% over the last 21 trading days, raising concerns about payment volume growth and competition in the fintech sector [2] - The stock has decreased by 86.1% from its peak of $281.81 on August 5, 2021, to $39.22 on October 30, 2023, while the S&P 500 saw a peak-to-trough decline of 25.4% during the same period [8] - The stock also experienced a decline of 55.6% from a peak of $85.70 on February 20, 2020, to $38.09 on March 20, 2020, compared to a 33.9% decline for the S&P 500 [9] - Additionally, Block stock fell by 48.8% from a peak of $99.01 on September 28, 2018, to $50.72 on December 24, 2018, while the S&P 500 had a decline of 19.8% [10] Valuation Metrics - Block stock is currently trading at a P/E multiple of 14.1 and a P/EBIT multiple of 21.5 [2] - Historically, the stock has returned a median of 17.5% within a year after experiencing sharp declines since 2010 [2] Resilience Assessment - The stock has performed worse than the S&P 500 during various economic downturns, both in terms of the extent of its decline and the speed of its recovery [4] - If the stock were to drop another 20-30% to $43, investor confidence may be tested [4]