Added to YB: 2024-03-20
Pitch date: 2024-03-20
FIN.L [bullish]
Finseta Plc
-58.91%
current return
Author Info
Company Info
Finseta Plc, a financial technology company, engages in the provision of multi-currency accounts to businesses and individuals in the United Kingdom and internationally.
Market Cap
GBP 7.9M
Pitch Price
GBP 0.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
-12.14
P/E
-5.85
EV/Sales
0.69
Sector
Financial Services
Category
turnaround
Cornerstone FS (now Finseta): A multibagger in the making?
FIN.L: UK FX/payments co (formerly Cornerstone FS) for HNWIs/businesses. New CEO Hickman (2022) exited white-label, doubled rev, 6x EBITDA, lifted gross margins 38%→64%. Introducer model = no marketing, network compounding, trust-based, competes vs banks. Net cash, cash-generative, no dilution. <10x annualized H2'23 FCF. Multibagger potential.
Read full article (5 min)