Facilitating millions of financial transactions, and taking a small cut along the way, continues to be a very good business for Euronet Worldwide (NASDAQ:EEFT).
The company has established three roughly equal units (in terms of
EBTIDA contributions) across ATM services, ePay, and money transfers -
all of which offer solid transaction volume growth potential in the
years to come. What's more, there's still a large runway of
opportunities to add ATMs around the globe (and/or offer more services
through them) as well as a lot of potential ePay transactions to
capture.
These shares are up about a third from when I last wrote about them.
I'm still bullish on the company and I think there's room for the
company to exceed my revenue and/or margin targets. With my base-case
model still showing some undervaluation on both a cash flow and EBITDA
basis, I think this remains a solid GARP stock candidate.
Read more here:
Euronet Remains Leveraged To Global Financial Transaction Volume Growth
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