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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Weekly 52-Week Low (or 52-Week High): BDT-T, BN-T, YES-X, SPB-T and More 52-Week Highs and Lows (Oct 09-15)Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).NVEI has $466M in revenue in Europe, Middle East and Africa (no individual country breakdown) so certainly is not immune to the sector's slowdown. Large cap US fintech stocks are also getting hit hard this week. Negative momentum does have a way of feeding upon itself, and NVEI's results and guidance and customer loss are adding more concerns for investors. The market backdrop has sharply turned, and small caps are getting crushed all over. NVEI's dividend confused investors, considering its debt. The crypto rally should help it, a bit, but for now fear, anger at the company and higher interest rates are driving the selling.
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That said, let’s remember that Nuvei shares, currently trading around $58, are a long ways from their 52-week peak of $97.30. It remains a volatile name at a 2.95 beta and a 105.47x PE. However, Nuvei is far better than Lightspeed in virtually every metric. For instance, Nuvei’s EPS is $0.55 EPS compared to Nuvei’s -$10.58 EPS and Shopify‘s -$3.66. Nuvei has easily beaten its last four quarters and carries a healthy balance sheet. Read Dark horses: Nuvei, Cineplex, Boralex for our full analysis.
Scorching hot, Covid-era IPO. Went up in parabolic fashion, and then down symmetrically. Regaining momentum. Global payments company in different verticals like online betting, social gaming, foreign exchange trading. Smaller business in crypto. Recent acquisition deepens exposure in less-cyclical verticals like healthcare, very accretive. Increased revenue guidance. Founder-led. Large addressable market. Despite the runup, undemanding multiple at less than 20x. No dividend.
(Analysts’ price target is $71.26)NVEI trades at 4X sales; 17X 2023 earnings.
It has $240M net cash (as of last report) and EPS is expected to grow about 15% this year and 20% in 2024.
Cash flow is positive ($258M in 12 months). Its current P/E is very low vs its historical averages, but it has been public less than three years.
Its last quarter was decent and it generally beats expectations (7 for 8).
It just completed a $1.3B acquisition of Paya which will use up its cash (and more) but looks good for longer term growth.
We like its risk/return potential from current levels.
In a normal market we would expect its P/E to move to the 25X range, so 'potential' stock gains are good if it executes well and the overall market co-operates.
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Nuvei Corp is a Canadian stock, trading under the symbol NVEI-T on the Toronto Stock Exchange (NVEI-CT). It is usually referred to as TSX:NVEI or NVEI-T
In the last year, there was no coverage of Nuvei Corp published on Stockchase.
Nuvei Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Nuvei Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Nuvei Corp In the last year. It is a trending stock that is worth watching.
On 2024-11-18, Nuvei Corp (NVEI-T) stock closed at a price of $47.61.
Has lagged the Canadian tech sector. Used to own, wouldn't be back in soon. On its recent partnership with ADBE, he tends to own the big payment systems like MA and Visa, big beneficiaries of the resurgence in the economy.