Payoneer Global Inc.

Consumer Discretionary
Business Services
www.payoneer.com

Earnings Score
Moat Score

Market Cap $3.90B
PE 30
Debt $NaN
Cash $4.90B
EV $NaN
FCF $180.63M

Earnings

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Sales & Net Margins

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Earnings	$129.99M
EBIT	$161.14M
ROE	18%
ROA	2%
FCF	$180.63M
Equity	$727.87M
Growth Stability	1
PE	30.04
PEG	1.71
PB	5.36
P/FCF	21.62
P/S	4.15
Price/Cash	1.25
Net Margins	14%
Op. Margins	17%
Earnings CAGR	18%
Sales Growth YoY	19%
Sales Growth QoQ	4%
Sales CAGR	45%
FCF CAGR	146%
Equity CAGR	158%
Earnings Stability	-0.66
Earnings Growth YoY	224%

Earnings Growth QoQ	28%
Earnings CAGR 5Y	18%
Sales CAGR 5Y	45%
FCF CAGR 5Y	146%
Equity CAGR 5Y	158%
Earnings CAGR 3Y	29%
Sales CAGR 3Y	29%
FCF CAGR 3Y	158%
Equity CAGR 3Y	15%
Market Cap	$3.90B
Revenue	$940.30M
Assets	$7.05B
Cash	$4.90B
Shares Outstanding	356.58M
Earnings Score	6%
Moat Score	70%
Working Capital	-13.3M
Current Ratio	1
Shares Growth 3y	4%
Equity Growth QoQ	9%
Equity Growth YoY	14%

Assets & ROA

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Stockholders Equity & ROE

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Payoneer Global Inc is the world's go-to partner for digital commerce, everywhere. The company started as a cross-border payments platform that empowers businesses, online sellers, and freelancers. The platform allows the users to get paid in multiple currencies, bill global clients, and sell on marketplaces worldwide.

SEC Filings

Direct access to Payoneer Global Inc. (PAYO) 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 Payoneer Global Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 18%

Stability -66%

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Payoneer Global Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Payoneer Global Inc..

Years

Calculation mode

= $6.7T

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$181M	$444M	$1.1B	$2.7B	$6.6B	$16B	$40B	$98B	$242B	$595B	$1.5T	$15T
DCF		$404M	$903M	$2B	$4.5B	$10B	$23B	$50B	$113B	$252B	$564B	$5.6T
Value	$6.7T

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	-4%	-11%	-14%	-2%	11%	14%
ROA	-	-	-0%	0%	2%	2%
ROE	-	-	-14%	-2%	14%	18%

Good Net Margins (14.38%)

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	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	1.04	0.22	0.12	-
Debt over Equity	-	1.65	0.03	0.03	0.03	-
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	-	9%	37%	33%	32%	45%
Earnings YoY growth	-	211%	81%	-82%	-880%	18%
Equity YoY growth	-	-553%	2K%	12%	22%	158%
FCF YoY growth	-	-119%	189%	460%	106%	146%