Cornerstone FS (CSFS): Steppingstone to core enterprise systems
Cornerstone is a provider of foreign exchange (forex), payment and currency riskmanagement services, with a focus on small and medium-sized enterprises (SMEs)
internationally. As one of a handful of UK-listed companies in this segment, the company
is well-placed to act as a consolidator in a highly fragmented marketplace. The core
technology platform is a source of competitive differentiation in the SME segment, and this
is being evolved to integrate with accounting systems, in turn evolving the revenue streams
from transaction-based to subscription-based revenue. Based on our estimates for two
scenarios, our DCF-implied fair equity value upside potential ranges from 140% to 360%.
We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.
Our expert team of sector analysts and market professionals collectively have over 400 years of experience. This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.
Our smaller, boutique structure allows us to provide first-class customer service and to deliver a wide range of ad-hoc services for multiple clients with different needs.
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