FY17 guidance maintained
Paysafe traded as expected during Q117 and management maintains its guidance for FY17 revenue growth and EBITDA margins. Cash conversion remains strong with net debt reducing as expected. The stock continues to trade at a c 30% discount to its peer group on EV/EBITDA and P/E multiples, which in our view is excessive. Continued steady progress in growth and cash generation as well as a reduction in the relative contribution from the company's largest merchant should help to reduce this discount.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.