Professional
Added to YB: 2024-08-01
Pitch date: 2024-07-30
CABP.L [bullish]
CAB Payments Holdings Limited
-20%
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 foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally.
Market Cap
GBP 102.5M
Pitch Price
GBP 0.85
Price Target
1.23 (+81%)
Dividend
N/A
EV/EBITDA
-111.12
P/E
7.21
EV/Sales
-10.46
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.
Read full article (13 min)