Here's how rich Afterpay (ASX:APT) shares have made shareholders

How rich have Afterpay Ltd (ASX: APT) shares made their shareholders exactly? Here is a breakdown of this FOMO-inducing question today.

$100 notes multiplying into the future representing asx growth shares

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

One of the most stunning ASX shares to watch in 2020 has been Afterpay Ltd (ASX: APT). Afterpay shares are today trading at $114.44 at the time of writing, up 2.83% for the day, despite the broader S&P/ASX 200 Index (ASX: XJO) dropping 0.38% today so far.

Afterpay shares blew off some steam last Friday, dropping 7.5% after making yet another record all-time high the previous day. Afterpay's high watermark now stands at an incredible $123.40 a share. Even though the company has cooled off significantly since last week when it made those new highs, Afterpay still commands a market capitalisation of around $32 billion on today's prices.

That places it almost in the middle of Coles Group Ltd (ASX: COL) and Telstra Corporation Ltd (ASX: TLS) in sheer size. That would have been unthinkable at the start of the year. Reflecting this new heft, today actually marks the first day that Afterpay has officially joined both the ASX 50 and ASX 20 Indexes as part of S&P Global's quarterly rebalancing.

So just how rich has this buy now, pay later (BNPL) shooting star made its shareholders in recent months and years? Let's have a look

The never ending afterparty for Afterpay shareholders

So let's get this statistic out of the way first. Afterpay in its current form first debuted on the ASX back in June 2017 after Afterpay and Touchcorp merged to create Afterpay Touch. The earliest recorded Afterpay share price post-merger was $2.95. Any shareholders who bought in back then would be sitting very happily on a gain of 3,844% on today's prices.

But, although a few lucky investors may have executed that particular trade, the reality is that, back then, very few ASX investors would have even been aware of Afterpay shares, let alone the company's concept of its flagship BNPL product.

We'll also get this one out of the way. The Afterpay share price started 2020 at $30.63, meaning the company's shares are up around 270% year to date. That comes after the approximate 100% gain we saw in 2018, as well as a rough 150% gain in 2019.

Afterpay Ltd share price graph and data | Source: fool.com.au

Afterpay share price rollercoaster

But the Afterpay share price has had a wild year in 2020. Back in March, Afterpay shares fell as low as $8.01, which was the lowest the company had traded at since mid-2018. If any investor was lucky enough to buy Afterpay shares at that particular price on 23 March (a very narrow window of opportunity), the gain they would be looking at on today's prices would be 1,335%. Not a bad return for 9 months. As an indication, if an investor bought 1,000 shares at that price on that day, it would have set them back $8,010. Those 1,000 shares would today we worth $114,440. Enough said.

Motley Fool contributor Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO and COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why Catapult, Clarity, Pro Medicus, and Qantas shares are rising today

These shares are avoiding the market weakness on Thursday and pushing higher. But why?

Read more »

Man pointing at a blue rising share price graph.
Share Gainers

Guess which ASX microcap stock just rocketed 109% on a new deal!

Investors are sending the ASX microcap stock soaring on Thursday. But why?

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Share Gainers

3 ASX All Ords shares smashing new multi-year highs while the market sinks

Investors are sending these 3 ASX All Ords shares to multi-year highs on Thursday. But why?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

It was carnage on the ASX this hump day.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Share Gainers

Why Alligator Energy, Data#3, Fisher & Paykel, and IPD shares are storming higher

These shares are avoiding the market sell-off on Wednesday. But why?

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a drop back to reality for ASX investors this Tuesday.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Playside Studios, Pro Medicus, Strike Energy, and Winsome shares are charging higher

These shares are having a good session on Tuesday. But why?

Read more »

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 was back to the races today.

Read more »