Global Payments Inc

Consumer Discretionary
Business Services
www.globalpaymentsinc.com

Earnings Score
Moat Score
Safety Score

Market Cap $29.98B
PE 22
Debt $18.41B
Cash $3.14B
EV $45.25B
FCF $2.89B

Earnings

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Sales & Net Margins

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Earnings	$1.36B
EBIT	$2.15B
ROE	6%
ROA	4%
FCF	$2.89B
Equity	$23.46B
Growth Stability	17%
PE	21.97
PEG	1.31
PB	1.28
P/FCF	10.38
P/S	2.99
Price/Cash	0.1
Debt/Equity	0.78
Debt/FCF	6.37
Net Margins	13%
Gross Margins	63%
Op. Margins	21%
Earnings CAGR	23%
Sales Growth YoY	5%
Sales Growth QoQ	1%
Sales CAGR	37%
FCF CAGR	19%
Equity CAGR	44%
Earnings Stability	0.36
Earnings Growth YoY	-13%
Earnings Growth QoQ	-16%
Earnings CAGR 5Y	17%

Sales CAGR 5Y	12%
FCF CAGR 5Y	5%
Equity CAGR 5Y	-5%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	-6%
Equity CAGR 3Y	-3%
Market Cap	$29.98B
Revenue	$10.02B
Dividend Yield	1%
Payout Ratio	19%
Assets	$49.99B
Total Debt	$18.41B
Cash	$3.14B
Shares Outstanding	254.4M
EV	45.25B
Earnings Score	31%
Moat Score	71%
Safety Score	52%
Final Score	51%
Working Capital	-627.8M
Current Ratio	0.93
Gross Profit	$6.29B
Shares Growth 3y	-4%
Equity Growth QoQ	2%
Equity Growth YoY	3%

Assets & ROA

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Stockholders Equity & ROE

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Global Payment Technologies Inc designs, manufactures, sells and supports payment components internationally. GPT carries a full range of payment components and specialises in innovative note validation and payment components for the international Gaming, Vending, Parking and Kiosk industries. Its products can be product can be found in all Australian Casinos, Clubs, and Hotels.

SEC Filings

Direct access to Global Payments Inc (GPN) 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 Global Payments Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 23%

Stability 36%

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Global Payments Inc Discounted Cash Flow

Fully customizable DCF calculator online for Global Payments Inc.

Years

Calculation mode

= $111B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$2.9B	$3.4B	$4.1B	$4.9B	$5.8B	$7B	$8.3B	$9.9B	$12B	$14B	$17B	$168B
DCF		$3.1B	$3.4B	$3.7B	$4B	$4.3B	$4.7B	$5.1B	$5.5B	$6B	$6.5B	$65B
Value	$111B

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	05/2015	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	10%	12%	13%	9%	8%	11%	1%	10%	13%
ROA	-	4%	6%	2%	2%	3%	1%	4%	4%
ROE	-	12%	11%	2%	2%	4%	0%	4%	6%

Good Net Margins (13.22%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	05/2015	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	14.4	5.88	8.46	5.39	5.06	9.01	10.68	6.37
Debt over Equity	2.09	1.2	1.25	0.33	0.37	0.45	0.65	0.73	0.78
Growth Stability	-	-	-	100%	100%	100%	17%	100%	17%

Bad Debt/FCF ratio (6.37)

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

Good Debt/Equity ratio (0.78)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (17%)

The company has a bad stability in its earnings, which is a sign of a bad 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	05/2015	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	43%	-15%	46%	51%	15%	5%	8%	12%
Earnings YoY growth	-	68%	-3%	-5%	36%	65%	-88%	785%	17%
Equity YoY growth	-	359%	6%	570%	-2%	-6%	-13%	3%	-5%
FCF YoY growth	-	-1%	170%	21%	73%	22%	-29%	-2%	5%