Professional
Added to YB: 2024-08-01
Pitch date: 2024-07-30
CABP.L [bullish]
CAB Payments Holdings Limited
-5.41%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
Company Info
CAB Payments Holdings Limited, through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia.
Market Cap
GBP 213.2M
Pitch Price
GBP 0.85
Price Target
1.23 (+53%)
Dividend
N/A
EV/EBITDA
42.27
P/E
16.15
EV/Sales
-2.83
Sector
Financial Services
Category
growth
Meditation Capital Portfolio Holding: CAB Payments Holdings Limited
CABP.L: UK-regulated bank w/ unique African banking network enabling low-cost cross-border transfers. 40% upside by 2027. Strong growth (15-20% CAGR) in emerging market payments. 7x 2024 FCF, high teens FCF growth. Risks: volatile revenues from central bank interventions. New CEO to improve guidance. Unlevered, 26% CET1 ratio. Competitive edge vs non-bank rivals.
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