Paysafe Group (PAYS)

Business description

Paysafe Group is a global payment solutions specialist operating in three areas: payment processing, digital wallets and prepaid services.

Stock data

Market cap.£2879.5m
Last close589.50p
High / Low (52 weeks)595.0p / 327.1p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *(0.5)(0.7)77.4

* % Relative to local index

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Company news

Investment summary

Paysafe’s H117 results show that organic constant currency growth is moderating to low double-digit rates, after exceptional growth in 2016. Profitability was strong during the period, helped by the strong growth and margins of the Asia Gateway business. The acquisition of MCPS (now complete) and the sale of Asia Gateway will both help reduce the group’s exposure to online gambling, and MCPS will strengthen the group’s position in bricks and mortar payment processing. For the purposes of the Takeover code, Edison Investment Research is deemed to be connected with Paysafe. Paysafe Group is a research client of Edison Investment Research Limited.

Last updated on 13/12/2017

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 613.4 152.6 118.8 25.6 30.4 33.9
2016A 1000.3 300.8 241.9 42.1 18.5 13.5
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 22/11/2017

Latest research

Growth normalises

Update | Technology | 11/08/2017

Formal bid made at 590p

Flash note | Technology | 09/08/2017

Both target and bidder

Update | Technology | 25/07/2017

Clarifying position on Turkish exposure

Flash note | Technology | 23/05/2017

FY17 guidance maintained

Flash note | Technology | 09/05/2017

Niche payments focus drives growth

Update | Technology | 15/03/2017

Positive 2017 outlook

Update | Technology | 19/01/2017

FY16 guidance maintained

Flash note | Technology | 09/11/2016

Technology acquisition

Flash note | Technology | 02/09/2016

Accelerating investment

Outlook | Technology | 30/08/2016

Strong trading continues through H116

Update | Technology | 02/06/2016

Strong H215 drives upgrades

Update | Technology | 21/04/2016

Latest video

Executive Interview – Optimal Payments

Industry outlook

The payment processing business should continue to benefit from the growth in customer transactions. Online retail sales are forecast to continue to show strong growth; for example, Forrester predicts US e-commerce revenue CAGR of 10% from 2014-19, as more retail sales shift from on-premise, mail order or telephone to online. The Digital Wallet business continues to benefit from growth in online gambling.

Last updated on 13/12/2017

Key management

Dennis Jones, Chairman
Joel Leonoff, CEO
Brian McArthur-Muscroft, CFO

Company address

Audax House
Finch Road
Isle of Man
United Kingdom
+44 (0) 1624 698700
View website