Sterling Check Strengthens Global Presence in Latin America with Acquisition of Socrates Screening Company
January 8, 2023
Trending News ☀️
Sterling Check Intrinsic Value – Sterling Check ($NASDAQ:STER), a leading provider of background checks and drug testing services, has recently announced its acquisition of Socrates Screening Company, the largest independent screening company in Latin America. This move will strengthen Sterling Check’s global presence in the region, allowing them to better meet the increased hiring requirements from multi-national as well as local clients. Sterling Check provides a full range of screening services including criminal background checks, drug testing, and employment verifications. With the acquisition of Socrates, a trusted provider of background checks and drug testing services in Latin America, Sterling Check will be able to extend its reach and expand its portfolio of services to meet the needs of its clients. The acquisition is expected to have a positive impact on Sterling Check’s financials as it will enable them to tap into new markets and increase their customer base.
The acquisition will be funded entirely using cash from Sterling Check’s balance sheet. This strategic move is part of the company’s long-term plans to expand its global presence and become a leading provider of screening services in Latin America. The acquisition will provide Sterling Check with a strong foothold in the region and will help them better serve their customers. Overall, the acquisition of Socrates Screening Company by Sterling Check is a great move that will bolster the company’s global presence in Latin America and enable them to better meet the increasing hiring requirements of both multi-national and local clients. With this acquisition, Sterling Check will be able to extend its reach and provide its clients with reliable and comprehensive screening services.
Market Price
The news of the acquisition sent shockwaves through the stock market, and Sterling Check‘s stock opened at $15.7 and closed at $15.2, down by 1.8% from last closing price of 15.5. The acquisition is expected to benefit both companies and their respective customers. Sterling Check will gain access to Socrates Screening Company’s extensive network of consumers and suppliers, while Socrates will benefit from Sterling Check’s robust technology platform and industry experience.
In addition, the combination of the two companies will create a stronger global presence in Latin America and will enable them to better serve their customers in this region. The acquisition is a win-win situation for both companies as they will be able to leverage each other’s strengths and provide better services to their customers. The move is seen by industry experts as a smart move that will help both companies gain a competitive edge. Sterling Check is confident that the acquisition will be beneficial for both companies and their respective customers. The combined expertise of the two companies will enable them to better serve the Latin American market and strengthen their global presence. With this move, Sterling Check is set to become a major player in the Latin American market and further expand its reach. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sterling Check. More…
| Total Revenues | Net Income | Net Margin |
| 770.49 | 29.81 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sterling Check. More…
| Operations | Investing | Financing |
| 103.28 | -86.45 | -106.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sterling Check. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.42k | 676.71 | 7.75 |
Key Ratios Snapshot
Some of the financial key ratios for Sterling Check are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 9.0% |
| FCF Margin | ROE | ROA |
| 10.8% | 5.8% | 3.0% |
VI Analysis – Sterling Check Intrinsic Value Calculator
STERLING CHECK‘s fundamentals are an excellent indicator of its long-term potential and the VI app makes it easy to analyze them. According to VI Line’s calculations, the intrinsic value of a share of STERLING CHECK is approximately $21.8. Currently, STERLING CHECK shares are being traded at $15.2, which means that it is undervalued by approximately 30%. STERLING CHECK has a strong financial position, with low debt and high profitability. Its sales and earnings have been steadily increasing over the past few years, while its stock price has remained relatively flat. This suggests that the current price does not accurately reflect the company’s true value. Investors should consider the prospects of STERLING CHECK for the long-term, as the company has a strong balance sheet and a proven track record of success. With its current stock price well below its intrinsic value, STERLING CHECK is an attractive investment opportunity. Investors should also consider the company’s future prospects and its ability to continue to deliver positive results. More…
VI Peers
The competition among Sterling Check Corp and its competitors is intense. Scryb Inc, Rackspace Technology Inc, and Way 2 Vat Ltd are all jockeying for position in the market, and each company has its own strengths and weaknesses. Sterling Check Corp has a strong reputation for customer service and a wide array of products, while Scryb Inc has a more limited product line but offers competitive prices. Rackspace Technology Inc is known for its innovative products and services, while Way 2 Vat Ltd has a more traditional approach to business.
– Scryb Inc ($OTCPK:SCYRF)
Scryb Inc is a publicly traded company with a market capitalization of $16.73 million as of 2022. The company has a negative return on equity of 105.94%. Scryb Inc is engaged in the business of providing online marketing and advertising services.
– Rackspace Technology Inc ($NASDAQ:RXT)
Rackspace Technology, Inc. is an American managed cloud computing company based in San Antonio, Texas. The company offers a suite of cloud computing services, including managed hosting, cloud computing, and cloud storage. Rackspace was founded in 1998 and went public in 2008. As of 2018, it employed over 4,000 people.
– Way 2 Vat Ltd ($ASX:W2V)
Way 2 Vat Ltd is a company that provides VAT services. It has a market cap of 4.83M as of 2022. The company was founded in 2006 and is headquartered in London, United Kingdom.
Summary
Sterling Check, a provider of global financial services, recently acquired Socrates Screening Company, a leader in Latin American markets. This move strengthens Sterling Check’s presence in the region and is seen as an opportunity for the firm to expand its offering in the region. Investors believe this to be a positive step forward for Sterling Check, as the acquisition of Socrates Screening Company will expand their capabilities. The company can now offer a more comprehensive range of services, giving them a stronger presence in Latin America and helping to secure their global position.
