Flywire Corp

Consumer Discretionary
Business Services
www.flywire.com

Moat Score

Market Cap $2.63B
PE 131
Debt $NaN
Cash $565.04M
EV $NaN
FCF $191.79M

Earnings

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Sales & Net Margins

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Earnings	$20.09M
EBIT	$19.99M
ROE	2%
ROA	2%
FCF	$191.79M
Equity	$843.25M
Growth Stability	1
PE	131.02
PB	3.12
P/FCF	13.72
P/S	5.54
Price/Cash	0.21
Net Margins	5%
Op. Margins	4%
Sales Growth YoY	27%
Sales Growth QoQ	51%
Sales CAGR	48%
FCF CAGR	31%
Equity CAGR	22%
Earnings Growth YoY	265%

Earnings Growth QoQ	-380%
Sales CAGR 5Y	48%
FCF CAGR 5Y	31%
Equity CAGR 5Y	22%
Earnings CAGR 3Y	37%
Sales CAGR 3Y	37%
FCF CAGR 3Y	122%
Equity CAGR 3Y	30%
Market Cap	$2.63B
Revenue	$475.14M
Assets	$1.24B
Cash	$565.04M
Shares Outstanding	122.58M
Moat Score	40%
Working Capital	500.19M
Current Ratio	2.33
Shares Growth 3y	14%
Equity Growth QoQ	5%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost effective and efficient manner. The company's solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise.

SEC Filings

Direct access to Flywire Corp (FLYW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Flywire Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Flywire Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Flywire Corp Discounted Cash Flow

Fully customizable DCF calculator online for Flywire Corp.

Years

Calculation mode

= $16B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$192M	$251M	$328M	$429M	$560M	$733M	$958M	$1.3B	$1.6B	$2.1B	$2.8B	$28B
DCF		$228M	$271M	$322M	$383M	$455M	$541M	$643M	$764M	$908M	$1.1B	$11B
Value	$16B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-21%	-8%	-14%	-14%	-2%	5%
ROA	-	-	-2%	-4%	-0%	2%
ROE	-	-	-6%	-8%	-1%	2%

Bad Net Margins (5.02%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	2.48	-0	-	-
Debt over Equity	-	-0.31	0.05	0	-	-
Growth Stability	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	39%	53%	44%	39%	48%
Earnings YoY growth	-	-45%	153%	40%	-78%	-
Equity YoY growth	-	9%	-690%	-0%	63%	22%
FCF YoY growth	-	-5K%	-164%	-116%	-5K%	31%