Intrinsic value of Global Payments - GPN

Previous Close

$93.76

  Intrinsic Value

$34.97

stock screener

  Rating & Target

str. sell

-63%

  Value-price divergence*

+363%

Previous close

$93.76

 
Intrinsic value

$34.97

 
Up/down potential

-63%

 
Rating

str. sell

 
Value-price divergence*

+363%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GPN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 14.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -23.98
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,203
  2,247
  2,299
  2,358
  2,424
  2,498
  2,578
  2,666
  2,761
  2,864
  2,973
  3,091
  3,216
  3,350
  3,492
  3,643
  3,802
  3,971
  4,150
  4,339
  4,538
  4,748
  4,970
  5,204
  5,450
  5,710
  5,983
  6,271
  6,573
  6,892
  7,226
Variable operating expenses, $m
 
  1,633
  1,659
  1,690
  1,724
  1,761
  1,803
  1,848
  1,897
  1,949
  2,005
  1,585
  1,649
  1,718
  1,791
  1,868
  1,950
  2,036
  2,128
  2,225
  2,327
  2,435
  2,549
  2,668
  2,795
  2,928
  3,068
  3,215
  3,370
  3,534
  3,705
Fixed operating expenses, $m
 
  373
  382
  392
  402
  412
  422
  433
  443
  455
  466
  478
  490
  502
  514
  527
  540
  554
  568
  582
  596
  611
  627
  642
  658
  675
  692
  709
  727
  745
  764
Total operating expenses, $m
  1,965
  2,006
  2,041
  2,082
  2,126
  2,173
  2,225
  2,281
  2,340
  2,404
  2,471
  2,063
  2,139
  2,220
  2,305
  2,395
  2,490
  2,590
  2,696
  2,807
  2,923
  3,046
  3,176
  3,310
  3,453
  3,603
  3,760
  3,924
  4,097
  4,279
  4,469
Operating income, $m
  238
  241
  257
  276
  299
  324
  353
  386
  421
  460
  502
  1,028
  1,078
  1,131
  1,187
  1,248
  1,312
  1,381
  1,454
  1,532
  1,615
  1,702
  1,795
  1,893
  1,997
  2,107
  2,224
  2,346
  2,476
  2,613
  2,758
EBITDA, $m
  485
  813
  831
  853
  878
  907
  939
  975
  1,014
  1,057
  1,104
  1,154
  1,208
  1,267
  1,329
  1,396
  1,467
  1,542
  1,623
  1,708
  1,799
  1,895
  1,997
  2,105
  2,219
  2,339
  2,467
  2,601
  2,743
  2,893
  3,051
Interest expense (income), $m
  94
  149
  154
  160
  167
  175
  184
  193
  204
  215
  227
  240
  254
  269
  285
  301
  319
  338
  358
  379
  402
  425
  450
  477
  504
  533
  564
  596
  631
  666
  704
Earnings before tax, $m
  173
  92
  103
  116
  131
  149
  170
  192
  217
  245
  275
  788
  824
  862
  902
  946
  993
  1,043
  1,096
  1,153
  1,213
  1,277
  1,345
  1,417
  1,493
  1,574
  1,659
  1,750
  1,846
  1,947
  2,053
Tax expense, $m
  35
  25
  28
  31
  35
  40
  46
  52
  59
  66
  74
  213
  222
  233
  244
  255
  268
  282
  296
  311
  327
  345
  363
  383
  403
  425
  448
  472
  498
  526
  554
Net income, $m
  125
  67
  75
  85
  96
  109
  124
  140
  159
  179
  201
  576
  601
  629
  659
  691
  725
  761
  800
  841
  885
  932
  982
  1,034
  1,090
  1,149
  1,211
  1,277
  1,347
  1,421
  1,499

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,163
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  10,664
  9,686
  9,908
  10,163
  10,449
  10,766
  11,113
  11,492
  11,901
  12,343
  12,816
  13,323
  13,864
  14,440
  15,052
  15,701
  16,389
  17,117
  17,887
  18,701
  19,561
  20,467
  21,423
  22,431
  23,493
  24,612
  25,789
  27,029
  28,333
  29,705
  31,149
Adjusted assets (=assets-cash), $m
  9,501
  9,686
  9,908
  10,163
  10,449
  10,766
  11,113
  11,492
  11,901
  12,343
  12,816
  13,323
  13,864
  14,440
  15,052
  15,701
  16,389
  17,117
  17,887
  18,701
  19,561
  20,467
  21,423
  22,431
  23,493
  24,612
  25,789
  27,029
  28,333
  29,705
  31,149
Revenue / Adjusted assets
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
  0.232
Average production assets, $m
  2,685
  2,739
  2,802
  2,874
  2,955
  3,045
  3,143
  3,250
  3,366
  3,491
  3,625
  3,768
  3,921
  4,084
  4,257
  4,440
  4,635
  4,841
  5,059
  5,289
  5,532
  5,788
  6,059
  6,344
  6,644
  6,960
  7,293
  7,644
  8,013
  8,401
  8,809
Working capital, $m
  264
  -225
  -230
  -236
  -242
  -250
  -258
  -267
  -276
  -286
  -297
  -309
  -322
  -335
  -349
  -364
  -380
  -397
  -415
  -434
  -454
  -475
  -497
  -520
  -545
  -571
  -598
  -627
  -657
  -689
  -723
Total debt, $m
  4,831
  4,401
  4,576
  4,776
  5,000
  5,249
  5,522
  5,819
  6,141
  6,487
  6,859
  7,257
  7,681
  8,133
  8,613
  9,123
  9,663
  10,235
  10,840
  11,479
  12,153
  12,865
  13,615
  14,407
  15,240
  16,118
  17,043
  18,016
  19,039
  20,117
  21,250
Total liabilities, $m
  8,034
  7,603
  7,778
  7,978
  8,202
  8,451
  8,724
  9,021
  9,343
  9,689
  10,061
  10,459
  10,883
  11,335
  11,815
  12,325
  12,865
  13,437
  14,042
  14,681
  15,355
  16,067
  16,817
  17,609
  18,442
  19,320
  20,245
  21,218
  22,241
  23,319
  24,452
Total equity, $m
  2,631
  2,082
  2,130
  2,185
  2,247
  2,315
  2,389
  2,471
  2,559
  2,654
  2,756
  2,864
  2,981
  3,105
  3,236
  3,376
  3,524
  3,680
  3,846
  4,021
  4,206
  4,400
  4,606
  4,823
  5,051
  5,292
  5,545
  5,811
  6,092
  6,387
  6,697
Total liabilities and equity, $m
  10,665
  9,685
  9,908
  10,163
  10,449
  10,766
  11,113
  11,492
  11,902
  12,343
  12,817
  13,323
  13,864
  14,440
  15,051
  15,701
  16,389
  17,117
  17,888
  18,702
  19,561
  20,467
  21,423
  22,432
  23,493
  24,612
  25,790
  27,029
  28,333
  29,706
  31,149
Debt-to-equity ratio
  1.836
  2.110
  2.150
  2.190
  2.230
  2.270
  2.310
  2.360
  2.400
  2.440
  2.490
  2.530
  2.580
  2.620
  2.660
  2.700
  2.740
  2.780
  2.820
  2.850
  2.890
  2.920
  2.960
  2.990
  3.020
  3.050
  3.070
  3.100
  3.130
  3.150
  3.170
Adjusted equity ratio
  0.196
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215
  0.215

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  125
  67
  75
  85
  96
  109
  124
  140
  159
  179
  201
  576
  601
  629
  659
  691
  725
  761
  800
  841
  885
  932
  982
  1,034
  1,090
  1,149
  1,211
  1,277
  1,347
  1,421
  1,499
Depreciation, amort., depletion, $m
  247
  572
  574
  577
  579
  582
  586
  589
  593
  597
  602
  126
  131
  136
  142
  148
  154
  161
  169
  176
  184
  193
  202
  211
  221
  232
  243
  255
  267
  280
  294
Funds from operations, $m
  676
  639
  649
  661
  675
  691
  709
  730
  752
  776
  802
  701
  732
  765
  801
  839
  879
  923
  969
  1,018
  1,070
  1,125
  1,184
  1,246
  1,311
  1,381
  1,454
  1,532
  1,614
  1,701
  1,793
Change in working capital, $m
  173
  -4
  -5
  -6
  -7
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
  -32
  -33
Cash from operations, $m
  503
  644
  654
  667
  682
  699
  717
  738
  761
  786
  813
  713
  745
  778
  815
  854
  895
  940
  987
  1,037
  1,090
  1,146
  1,206
  1,269
  1,336
  1,407
  1,482
  1,561
  1,645
  1,733
  1,826
Maintenance CAPEX, $m
  0
  -89
  -91
  -93
  -96
  -99
  -101
  -105
  -108
  -112
  -116
  -121
  -126
  -131
  -136
  -142
  -148
  -154
  -161
  -169
  -176
  -184
  -193
  -202
  -211
  -221
  -232
  -243
  -255
  -267
  -280
New CAPEX, $m
  -89
  -55
  -63
  -72
  -81
  -90
  -98
  -107
  -116
  -125
  -134
  -143
  -153
  -163
  -173
  -184
  -195
  -206
  -218
  -230
  -243
  -256
  -270
  -285
  -300
  -316
  -333
  -351
  -369
  -388
  -408
Cash from investing activities, $m
  -87
  -144
  -154
  -165
  -177
  -189
  -199
  -212
  -224
  -237
  -250
  -264
  -279
  -294
  -309
  -326
  -343
  -360
  -379
  -399
  -419
  -440
  -463
  -487
  -511
  -537
  -565
  -594
  -624
  -655
  -688
Free cash flow, $m
  416
  499
  500
  502
  505
  511
  518
  526
  537
  549
  563
  449
  466
  485
  506
  528
  553
  579
  607
  638
  670
  705
  743
  782
  824
  869
  917
  967
  1,021
  1,078
  1,138
Issuance/(repayment) of debt, $m
  -62
  140
  175
  200
  224
  249
  273
  297
  322
  346
  372
  398
  424
  452
  480
  510
  540
  572
  605
  639
  675
  712
  751
  791
  834
  878
  924
  973
  1,024
  1,077
  1,133
Issuance/(repurchase) of shares, $m
  -192
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -263
  140
  175
  200
  224
  249
  273
  297
  322
  346
  372
  398
  424
  452
  480
  510
  540
  572
  605
  639
  675
  712
  751
  791
  834
  878
  924
  973
  1,024
  1,077
  1,133
Total cash flow (excl. dividends), $m
  121
  640
  675
  702
  730
  759
  791
  824
  859
  896
  935
  847
  890
  937
  986
  1,038
  1,093
  1,151
  1,212
  1,277
  1,345
  1,417
  1,493
  1,573
  1,658
  1,747
  1,841
  1,940
  2,045
  2,155
  2,271
Retained Cash Flow (-), $m
  115
  -44
  -48
  -55
  -61
  -68
  -75
  -81
  -88
  -95
  -102
  -109
  -116
  -124
  -132
  -140
  -148
  -157
  -166
  -175
  -185
  -195
  -206
  -217
  -228
  -240
  -253
  -266
  -280
  -295
  -310
Prev. year cash balance distribution, $m
 
  593
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,188
  627
  647
  668
  691
  716
  742
  771
  801
  833
  738
  774
  813
  854
  898
  945
  994
  1,046
  1,102
  1,160
  1,222
  1,288
  1,357
  1,430
  1,507
  1,588
  1,674
  1,764
  1,860
  1,961
Discount rate, %
 
  8.90
  9.35
  9.81
  10.30
  10.82
  11.36
  11.93
  12.52
  13.15
  13.81
  14.50
  15.22
  15.98
  16.78
  17.62
  18.50
  19.43
  20.40
  21.42
  22.49
  23.61
  24.80
  26.03
  27.34
  28.70
  30.14
  31.65
  33.23
  34.89
  36.63
PV of cash for distribution, $m
 
  1,091
  524
  488
  451
  414
  375
  337
  300
  263
  229
  166
  141
  118
  97
  79
  62
  49
  37
  28
  20
  14
  10
  7
  4
  3
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. It operates through three segments: North America, Europe, and Asia-Pacific. The company’s services include terminal sales and deployment, authorization processing, settlement and funding processing, customer support and help-desk functions, chargeback resolution, industry compliance, payment card industry security, consolidated billing and statements, and online reporting. It also offers credit and debit card transaction processing services for various international card brands, including American Express, UnionPay International, Discover Card, JCB, MasterCard, UnionPay International, and Visa; and non-traditional payment methods, as well as for certain domestic debit networks, such as Interac in Canada. In addition, the company provides integrated commerce, point-of-sale, marketing, payroll, and other solutions; credit and debit card cash advance, traditional and electronic check processing, and other services; and ecommerce and omnichannel solutions through Realex Payments, a European online payment gateway technology. It serves customers in various industries, including education, gaming, restaurant, hospitality retail, convenience stores, petroleum, professional services, automotive, and lodging. The company markets its products and services through direct sales force, trade associations, agent and enterprise software providers, referral arrangements with value-added resellers, financial institutions, and independent sales organizations in 30 countries of North America, Europe, and the Asia-Pacific region, as well as in Brazil. Global Payments Inc. was founded in 1967 and is headquartered in Atlanta, Georgia.

FINANCIAL RATIOS  of  Global Payments (GPN)

Valuation Ratios
P/E Ratio 114.2
Price to Sales 6.5
Price to Book 5.4
Price to Tangible Book
Price to Cash Flow 28.4
Price to Free Cash Flow 34.5
Growth Rates
Sales Growth Rate -24%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -3.3%
Cap. Spend. - 3 Yr. Gr. Rate 1.9%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 162%
Total Debt to Equity 183.6%
Interest Coverage 3
Management Effectiveness
Return On Assets 1.9%
Ret/ On Assets - 3 Yr. Avg. 4%
Return On Total Capital 1.7%
Ret/ On T. Cap. - 3 Yr. Avg. 5.4%
Return On Equity 4.6%
Return On Equity - 3 Yr. Avg. 17.3%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 50.3%
Gross Margin - 3 Yr. Avg. 58%
EBITDA Margin 23.3%
EBITDA Margin - 3 Yr. Avg. 21.9%
Operating Margin 10.8%
Oper. Margin - 3 Yr. Avg. 14%
Pre-Tax Margin 7.9%
Pre-Tax Margin - 3 Yr. Avg. 11.8%
Net Profit Margin 5.7%
Net Profit Margin - 3 Yr. Avg. 8.4%
Effective Tax Rate 20.2%
Eff/ Tax Rate - 3 Yr. Avg. 21.9%
Payout Ratio 2.4%

GPN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GPN stock intrinsic value calculation we used $2203 million for the last fiscal year's total revenue generated by Global Payments. The default revenue input number comes from 2016 income statement of Global Payments. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GPN stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.9%, whose default value for GPN is calculated based on our internal credit rating of Global Payments, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Global Payments.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GPN stock the variable cost ratio is equal to 73.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $364 million in the base year in the intrinsic value calculation for GPN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Global Payments.

Corporate tax rate of 27% is the nominal tax rate for Global Payments. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GPN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GPN are equal to 121.9%.

Life of production assets of 30.4 years is the average useful life of capital assets used in Global Payments operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GPN is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2631 million for Global Payments - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 151.919 million for Global Payments is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Global Payments at the current share price and the inputted number of shares is $14.2 billion.

RELATED COMPANIES Price Int.Val. Rating
PYPL PayPal Holding 59.44 47.57  hold
VNTV Vantiv 72.28 71.45  hold
V VISA Cl A 102.51 136.73  buy
MA Mastercard 131.14 122.89  hold
FLT FleetCor Techn 142.69 311.69  str.buy
FDC First Data Cl 17.81 5.49  str.sell
EVTC Evertec 18.50 13.76  sell
NEWT Newtek Busines 16.71 31.41  str.buy

COMPANY NEWS

▶ Global Payments' Active Approach to Growth   [Aug-17-17 08:07AM  Motley Fool]
▶ Vantiv: Will Worldpay Deal Pay Off?   [Aug-10-17 11:03AM  Barrons.com]
▶ Goldman Sachs Picks These Winners As Digital Payments Boom   [09:21AM  Investor's Business Daily]
▶ [$$] Blackstone, CVC to Buy Paysafe for $3.9 Billion   [05:45AM  The Wall Street Journal]
▶ Global Payments tops Street 2Q forecasts   [03:17AM  Associated Press]
▶ Teva and 3D Systems slide while Kellogg and Tesla jump   [Aug-03-17 04:31PM  Associated Press]
▶ Global Payments tops Street 2Q forecasts   [07:37AM  Associated Press]
▶ Better Buy: Global Payments vs. Square   [10:17AM  Motley Fool]
▶ Stocks With Rising Composite Ratings: Total System Services   [Jul-03-17 11:03AM  Investor's Business Daily]
▶ Global Payments Expands Ecommerce and Omnichannel Offerings   [Jun-26-17 04:50PM  Business Wire]
▶ Which Company Is the Best Payment Processing Stock?   [May-30-17 05:18PM  Motley Fool]
▶ Global Payments Joins Rank Of Stocks With 95-Plus Composite Rating   [May-09-17 10:51AM  Investor's Business Daily]
▶ ETFs with exposure to Global Payments, Inc. : May 8, 2017   [May-08-17 04:37PM  Capital Cube]
▶ Global Payments beats Street 1Q forecasts   [May-04-17 07:19AM  Associated Press]
▶ Global Payments Announces Support for Apple Pay in Taiwan   [May-02-17 08:40AM  Business Wire]
▶ Top 7 Technology Stocks from Credit Suisse for 2017   [Apr-21-17 12:47PM  TheStreet.com]
▶ 8 Stocks With Rising Revenue and EPS   [Apr-03-17 05:11PM  GuruFocus.com]
▶ [$$] For Global Payments, Growth Is in the Cards   [Feb-25-17 12:01AM  at Barrons.com]
Stock chart of GPN Financial statements of GPN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.