STERLING CHECK secures new five-year credit facility to fuel growth

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Sterling Check Intrinsic Value – STERLING ($NASDAQ:STER): The term loan will be used to refinance existing debt and the revolving line of credit will be used for general corporate purposes. The new credit facility will enable the company to invest in organic revenue growth and M& A. The company also authorized a $100M share repurchase program. “We are very pleased to have the support of our syndicate of banks led by JPMorgan Chase.”

Earnings

STERLING CHECK has announced a new five-year credit facility to fuel its growth. The company reported earnings of 770.5 million USD in total revenue for the fiscal year ending September 30, 2022, a 20.0% increase from the previous year. Net income for the same period was 29.8 million USD, a 261.1% decrease from the previous year.

STERLING CHECK’s total revenue has grown from 454.1 million USD to 770.5 million USD over the past three years. This new credit facility will help the company continue its growth and expansion.

About the Company

Share Price

The move comes as the company’s stock price has soared in recent days, and media coverage has been largely positive. On Wednesday, Sterling Check‘s stock opened at $13.3 and closed at $14.5, up 12.9% from its last closing price. The company’s new credit facility will provide it with the capital it needs to continue its growth trajectory and expand its operations. Its new credit facility will allow it to continue its expansion and solidify its position as a leading provider of credit and background checking services. Live Quote…

VI Analysis – Sterling Check Intrinsic Value

Sterling Check is a leading provider of check processing and related banking solutions. The company’s fundamentals reflect its long term potential, making it a good investment for those looking for exposure to the banking sector. The intrinsic value of Sterling Check’s shares is around $22.4, calculated by VI Line. This means that the stock is currently undervalued by 35% and presents a good opportunity for investors looking to buy into the company at a discount. 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

If you’re looking to invest in a company that is poised for growth, STERLING CHECK may be a good option. The company has secured a new five-year credit facility, which will provide the capital necessary to fuel its expansion. Additionally, media coverage of the company has been mostly positive, and its stock price has risen in recent days.