Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-01
GPN [bullish]
Global Payments Inc.
-14.79%
current return
Author Info
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Company Info
Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.
Market Cap
$23.9B
Pitch Price
$108.30
Price Target
179.00 (+95%)
Dividend
1.11%
EV/EBITDA
9.19
P/E
46.68
EV/Sales
4.20
Sector
Financial Services
Category
growth
Global Payments Inc.: Growth Holds Steady
GPN: Q1 adj rev +7% YoY, mgmt expects 50bps margin expansion in '24. $179 FV on 15.4x '24 EPS. Projecting 7% rev CAGR thru '28 driven by e-commerce & intl markets (8% merchant, 5% issuer). Narrow moat on scale, small biz niche, software integration lifting switching costs. CEO transition, sound M&A adding scale (TSYS merger) & software. Risks: macro sensitivity, industry disruption, data security.
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