Payoneer Global Intrinsic Value – PAYONEER GLOBAL Reports 30.9% Year-Over-Year Increase in Total Revenue of USD 208 Million for FY2023 Q3
November 20, 2023
☀️Earnings Overview
At the end of fiscal year 2023’s third quarter on September 30, 2023, PAYONEER GLOBAL ($NASDAQ:PAYO) reported a total revenue of USD 208.0 million, a 30.9% growth compared to the same period last year. Net income for Q3 was USD 12.8 million, an impressive 148.5% increase from the corresponding period in the previous year.
Analysis – Payoneer Global Intrinsic Value
GoodWhale has conducted an analysis of PAYONEER GLOBAL‘s fundamentals and concluded that the fair value of PAYONEER GLOBAL share is around $10.9, calculated by our proprietary Valuation Line. This implies that the current stock price of $5.6 is trading at a significant discount of 48.4% when compared to its fair value. Investors who recognize the discrepancy between the fair value and the current price have an opportunity to purchase this stock at an attractive discount. It is worth noting that our fundamental evaluation of PAYONEER GLOBAL is based on the company’s financial performance and qualitative factors. Our proprietary Valuation Line provides investors with a quantitative method to accurately assess the intrinsic value of the stock, which in this case comes out to be around $10.9. Therefore, investors should keep this information in mind when making their decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Payoneer Global. More…
| Total Revenues | Net Income | Net Margin |
| 790.34 | 56.16 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Payoneer Global. More…
| Operations | Investing | Financing |
| 140.96 | -28.08 | 312.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Payoneer Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.22k | 5.58k | 1.78 |
Key Ratios Snapshot
Some of the financial key ratios for Payoneer Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.5% | – | 8.8% |
| FCF Margin | ROE | ROA |
| 12.6% | 6.9% | 0.7% |
Peers
The company offers a suite of products and services that enable businesses to send and receive payments in over 200 countries and territories. Payoneer also provides consumers with a prepaid debit card that can be used to make purchases online and in-store. Payoneer’s main competitors are Fintech Select Ltd, NextPlat Corp, and Appliqate Inc. All three companies offer similar products and services, but each has a different focus. Fintech Select Ltd is a leading provider of online payment solutions for businesses and consumers. NextPlat Corp is a global provider of cross-border payment solutions, connecting businesses and consumers around the world. Appliqate Inc is a leading provider of mobile payment solutions, connecting businesses and consumers around the world.
– Fintech Select Ltd ($TSXV:FTEC)
Fintech Select Ltd is a provider of technology solutions for the financial services industry. The company has a market cap of 1.6M as of 2022 and a Return on Equity of -195.24%. The company’s products and services include point-of-sale solutions, mobile payments, and fraud prevention and detection solutions. The company serves clients in the United States, Canada, Europe, and Asia.
– NextPlat Corp ($NASDAQ:NXPL)
NextPlat Corp is a publicly traded company with a market capitalization of 15.21 million as of 2022. The company has a return on equity of -22.46%. NextPlat Corp is engaged in the business of developing and marketing software products and services. The company’s products and services include software development tools, application development tools, web development tools, and database management tools. NextPlat Corp’s customers include businesses of all sizes, from small businesses to large enterprises.
Summary
Payoneer Global‘s financial results for the third quarter of FY2023 show a strong performance, with total revenue increasing by 30.9% year-over-year and a 148.5% net income increase. This reflects a positive outlook for the company and suggests that it could be a potentially good investment opportunity. Investors should consider Payoneer Global’s financial and business stability, as well as its ability to generate revenue, when making any investment decisions.
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