Professional
Added to YB: 2021-11-06
Pitch date: 2021-11-06
BMTX [bullish]
BM Technologies, Inc.
-48.56%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
BM Technologies, Inc., a financial technology company, facilitates deposits and banking services between a customer and its partner banks in the United States.
Market Cap
$60.5M
Pitch Price
$9.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.95
P/E
-4.50
EV/Sales
0.85
Sector
Financial Services
Category
growth
Cedar Creek Partners new position - BM Technologies (BMTX)
BMTX: Fintech banking platform spun off from CUBI. Q2 rev +50%, operating income +$5.9M on $7.5M rev (+75% incremental margin). High cash flow due to software amortization. $0.18-$0.42 EPS run-rate. 2021 EBITDA target raised to $24M. Upside limited by warrants: 2 per share. Trades cheap at 11x op income or <5x cash flow.
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