Nuvei Corp (NVEI.TO) Buy, Sell or Hold

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Nuvei Corp (NVEI.TO)

47.61

-0.26 (0.54%)

as of Nov 18, 2024, 9:00:00 pm Market Open.

198 watching

DON'T BUY

NVEI vs. LSPD

Neither fits his criteria. Hasn't shown ability to produce consistently high ROIC. LSPD still losing money. NVEI's PE ratio is in the 70-90 range. Neither has the proven business model he's looking for; you can lump in DND, SHOP and DCBO too. No track record. Relying on large and lumpy acquisitions, many done at nosebleed valuations. Relies on debt to fuel acquisitions.

BUY ON WEAKNESS

His target is $64.70, so a decent runway. They just bought an American integrated payments platform, a big acquisition, which will diversify Nuvei and fuel its growth. A success story. At the current $43 price, wait between $35-40 to buy.

DON'T BUY

Prefers the more consistent Visa. NVEI has fallen and is too volatile.

TOP PICK

It is not a core position, just a small one. The Crypto fallout has been big in the past few weeks along with weaker gaming and the macro environment. Q3 results were a beat across the board. It guided 20% revenue growth and margins above 40. It has a diverse business model so is not too affected by Crypto and has no exposure to FDX. It has an estimated 29% growth rate per share by 2024 and trades at half the price of its peers. Buy 11, Hold 6, Sell 0 (Analysts’ price target is $47.79)

DON'T BUY

Recent deal for online betting. Continues to get good clients. Volatile sector. He tends to stay away from the gaming side of things. (Analysts’ price target is $49.00)

COMMENT

E-commerce. Painted with the same brush as SHOP. If you own some of these tech names, you need to put protections in place to defend your long positions.

WEAK BUY

Has cashflow. Not cheap, but it's a real business. Has a path to profit. If price momentum improves, he could see going long on it. If you can stomach the volatility, you could buy it now.

COMMENT

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company announced a collaboration with Ledger in order to enable the purchase of cryptocurrencies without external exchanges. The stock price has jumped 10%. Unlock Premium - Try 5i Free

DON'T BUY

Lots of growth comes from offshore gambling, and he has an ESG problem with that. Expensive segment, even at this level. This will bounce around off the base. Company needs to come out with better than expected results to counteract the short report.

DON'T BUY

Doesn't follow it closely. It has done well since IPO, but has been hit by rising interest rates. Within the payment space, she prefers Visa for being more global.

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has seen some good momentum in shares and profitability. The stock is trading at historically low multiples. Currently at 11x sales. The company is profitable, which makes it less risky than other tech stocks. Unlock Premium - Try 5i Free

HOLD

Global payment provider. Short seller report, shares down. Management has addressed concerns, and needs to execute on strategy. Good free cashflow. Discount to peers, which hopefully will be reduced over time.

DON'T BUY

Negative report out today. Fast-growing, highly specialized, caught investor intention. Insiders have sold stock since it went public. Fintech is changing rapidly. Too volatile for him. Day trading is a highly risky proposition. Be especially careful with year end tax-loss selling, as portfolio managers shoot first, ask questions later.

HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There was a short report that came out and the stock sold off sharply. Usually these short reports are skewed to look as bad as possible. None of the allegations are proven at this time. Just because a stock is down does not mean the report is valid. Unlock Premium - Try 5i Free

HOLD

They had a good earnings report and yet the stock has dropped 20% - they have been frustrated holding it. Some of their peers (like Visa and Mastercard) are under pressure, so they have faired well comparatively. Their electronic payment solutions are helping. They are not buying at the moment.

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Nuvei Corp (NVEI.TO)