I assume you refer to EEFT. I can see your concern if you frame it that way. I also consider the unrestricted cash and EBITDA of the business, which doesn't concern me. Plus the nature of the industry.
Net Debt-to-EBITDA is only 1x. Interest coverage exceeds 10x. And they are growing organically.
I am long wise and extensive user of Revolut and wise to.
ＷｈａｔｓａｐｐME➕𝟭↡𝟲𝟰𝟲↡𝟯𝟮𝟮↡𝟰𝟭𝟯𝟴
Great article! My business has recently been exploring International Payment Gateways, so this is fun to read.
Very interesting but what gives me pause is the $2B in debt on only a almost $5B Market Cap, that's a pretty large number
I assume you refer to EEFT. I can see your concern if you frame it that way. I also consider the unrestricted cash and EBITDA of the business, which doesn't concern me. Plus the nature of the industry.
Net Debt-to-EBITDA is only 1x. Interest coverage exceeds 10x. And they are growing organically.
ＷｈａｔｓａｐｐME➕𝟭↡𝟲𝟰𝟲↡𝟯𝟮𝟮↡𝟰𝟭𝟯𝟴
Cheap debt. And they use that debt very well.
ＷｈａｔｓａｐｐME➕𝟭↡𝟲𝟰𝟲↡𝟯𝟮𝟮↡𝟰𝟭𝟯𝟴