Professional
Added to YB: 2024-10-28
Pitch date: 2024-10-25
CCRD [bullish]
CoreCard Corporation
+71.39%
current return
Author Info
Long Cast Advisers seeks to grow wealth through long-term concentrated investing in small-cap stocks. Follow on Twitter/X.
Company Info
CoreCard Corporation, together with its subsidiaries, provides technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East.
Market Cap
$183.9M
Pitch Price
$13.77
Price Target
27.26 (+16%)
Dividend
N/A
EV/EBITDA
10.39
P/E
23.78
EV/Sales
2.41
Sector
Software
Category
growth
Long Cast Advisers Portfolio Holding: CoreCard Corporation
CCRD: Goldman contract extended to 2030 at higher rates. $25M non-GS revenue run rate, potential for 15%+ growth. Trading at 10x EBITDA (non-GS), ignoring GS cash flow. $3.42 net cash/share, no debt. Margins to recover from mid-single digits to 25%. Undervalued at <$100M EV. Potential 'five year double'.
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