Complete EEFT Stock Valuation Analysis
Comprehensive intrinsic value analysis using 6 different methodologies
EEFT DCF Analysis
EEFT (Euronet Worldwide, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.7B | $4.0B | $4.4B | $4.8B | $5.3B | $5.7B | $6.1B |
| Revenue Growth % | - | 9.8% | 8.2% | 10.7% | 9.6% | 8.7% | 7.8% | 7.0% |
| EBIT | $385.3M | $432.6M | $503.2M | $527.3M | $582.9M | $638.8M | $694.3M | $749.1M |
| EBIT Margin % | 11.5% | 11.7% | 12.6% | 11.9% | 12.0% | 12.1% | 12.2% | 12.3% |
| Tax Rate % | 28.5% | 30.2% | 31.8% | 37.7% | 36.4% | 35.1% | 33.9% | 32.6% |
| NOPAT | $275.6M | $302.0M | $343.4M | $328.6M | $370.7M | $414.3M | $459.1M | $504.8M |
| NOPAT Margin % | 8.2% | 8.2% | 8.6% | 7.4% | 7.7% | 7.9% | 8.1% | 8.3% |
| Capex | $104.3M | $94.4M | $117.2M | $137.9M | $143.6M | $148.3M | $151.9M | $154.4M |
| Capex / Revenue % | 3.1% | 2.6% | 2.9% | 3.1% | 3.0% | 2.8% | 2.7% | 2.5% |
| Depreciation | $135.9M | $132.9M | $131.8M | $161.2M | $176.8M | $192.1M | $207.1M | $221.7M |
| D&A / Revenue % | 4.0% | 3.6% | 3.3% | 3.7% | 3.7% | 3.7% | 3.7% | 3.7% |
| Change in NWC | $-83.2M | $89.5M | $-651.6M | $-20.7M | $-18.2M | $-15.8M | $-13.6M | $-11.7M |
| NWC Change / Revenue % | -2.5% | 2.4% | -16.3% | -0.5% | -0.4% | -0.3% | -0.2% | -0.2% |
| Unlevered FCF | $390.4M | $251.0M | $1.0B | $372.7M | $422.0M | $473.9M | $527.9M | $583.7M |
| UFCF % Chg. | - | -35.7% | 302.2% | -63.1% | 13.2% | 12.3% | 11.4% | 10.6% |
| FCF / Revenue % | 11.6% | 6.8% | 25.3% | 8.4% | 8.7% | 9.0% | 9.3% | 9.6% |
| Discount Factor | - | - | - | 0.926 | 0.858 | 0.794 | 0.735 | 0.681 |
| Present Value of FCF | - | - | - | $345.1M | $361.9M | $376.3M | $388.3M | $397.6M |
| Sum of PV of UFCF | - | - | - | $345.1M | $707.0M | $1.1B | $1.5B | $1.9B |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 6.0% |
| Tax Rate | 37.7% |
| After Tax Cost of Debt | 3.7% |
| Risk Free Rate | 4.46% |
| Market Risk Premium | 4.3% |
| Beta | 1.25 |
| Cost of Equity | 9.9% |
| Total Debt | $2.1B |
| Market Cap | $4.7B |
| Total Capital | $6.8B |
| Debt Weighting | 30.8% |
| Equity Weighting | 69.2% |
| WACC | 8.0% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $583.7M |
| Terminal Value | $10.9B |
| PV of Terminal Value | $7.4B |
| Cumulative PV of UFCF | $1.9B |
| Net Debt | $161.5M |
| Equity Value | $9.1B |
| Shares Outstanding | 48.1M |
| Implied Share Price | $190 |
| Current Share Price | $108 |
| Implied Upside/(Downside) | +75.9% |
Valuation Summary
$190.03
Implied Price
$108.05
Current Price
+75.9%
Upside/Downside
8.0%
WACC
EEFT Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 11 peer companies in Technology
P/E Ratio
$211.71
+95.9%
Peer Median: 30.7x
EV/EBITDA
$262.82
+143.2%
Peer Median: 17.2x
P/S Ratio
$464.55
+329.9%
Peer Median: 5.0x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for EEFT's business model and current situation.
Multiple Comparison
| Multiple | EEFT Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 15.7x | 30.7x | 34.7x | -49.0% | Undervalued |
| EV/EBITDA | 7.3x | 17.2x | 17.3x | -57.5% | Undervalued |
| P/S Ratio | 1.2x | 5.0x | 5.7x | -76.7% | Undervalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $23.01B | 23.0x | 13.7x | 5.7x | |
| $18.48B | 12.0x | 7.2x | 1.8x | |
| $17.67B | 0.0x | 76.5x | 5.9x | |
| $13.13B | 30.7x | 17.2x | 5.7x | |
| $6.45B | 39.7x | 24.5x | 1.9x | |
| $4.67B | 15.7x | 7.3x | 1.2x | |
| $4.69B | 17.1x | 8.6x | 1.8x | |
| $4.77B | 96.8x | 55.6x | 5.0x | |
| $4.30B | 0.0x | 186.7x | 3.2x | |
| $3.84B | 36.9x | 32.5x | 11.7x | |
| $709.23B | 40.5x | 27.8x | 18.9x |
EEFT Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $6.90 | Latest 10-K |
| Book Value per Share | $25.55 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$63.00
Intrinsic Value
$108.05
Current Price
-41.7%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 6.90 = 155.32
Step 2: Multiply by Book Value per Share
155.32 × 25.55 = 3969.07
Step 3: Take square root
√3969.07 = 63.00
Graham Number Result:
$63.00
EEFT Graham Intrinsic Value
Growth-adjusted intrinsic value with two formula variants
Formula Selection
V = EPS × (8.5 + 2g)
Graham's original P/E shortcut for growth, no interest-rate adjustment
V = [EPS × (8.5 + 2g) × 4.4] / Y
Graham's 1974 refinement: adds rate-environment sensitivity
Active Formula: Base-Growth
6.90 × (8.5 + 2 × 71.6%)
Input Data & Growth Assumptions
Current EPS (TTM)$6.90
Latest 10-K • 2024-12-31T00:00:00
Historical 3Y71.6%
Financial statements
Historical 5Y1.0%
Financial statements
Custom
%
Enter a positive growth rate estimate (0-50%)
Graham Intrinsic Value Result
$1047.03
Intrinsic Value
$108.05
Current Price
+869.0%
Upside/Downside
Base Formula
Growth: 71.6%
EEFT Peter Lynch Fair Value
Growth-based valuation using PEG ratio analysis for growth stocks
Fair Value Calculation
EPS (TTM)$6.90
Latest 10-K • 2024-12-31T00:00:00
Historical 3Y71.6%
3-year earnings growth
Historical 5Y1.0%
5-year earnings growth
71.6%
1%50%
Fair Value Formula: EPS × Growth Rate
$6.90 × 71.6% = $494.18
$494.18
Fair Value
$108.05
Current Price
+357.4%
Upside/Downside
PEG Analysis
15.7x
Current P/E
71.6%
Growth Rate
0.22
PEG Ratio (P/E ÷ Growth Rate)
Significantly Undervalued
PEG Ratio Interpretation:
• PEG < 1.0: Undervalued (growth exceeds P/E)
• PEG = 1.0: Fairly valued (ideal Lynch ratio)
• PEG > 1.5: Overvalued (paying premium for growth)
Peter Lynch's Rule:
"The P/E ratio of any company that's fairly priced will equal its growth rate." A stock with 15% growth should trade at a P/E of 15 (PEG = 1.0).
EEFT Earnings Power Value (EPV)
Normalized earnings-based valuation for sustainable earning power assessment
Earnings Normalization
| Earnings Component | Amount ($B) | Description |
|---|---|---|
| Reported Earnings | 0.3 | Base earnings from financial statements |
| Normalized Earnings | 0.3 | Final normalized earning power |
One-time Items: Remove non-recurring gains/losses
Cyclical Adjustment: Normalize for economic cycle position
EPV Result
$83.93
EPV per Share
$108.05
Current Price
-22.3%
Upside/Downside
7.6%
WACC: 7.6% (calculated from market data)
Confidence: High
Normalized earnings approach
EPV Calculation Breakdown
Enterprise Value Calculation
| Normalized Earnings | $0.3B |
| Cost of Capital | 7.6% |
| Enterprise Value | $4.0B |
Per Share Value
| Enterprise Value | $4.0B |
| Shares Outstanding | 0.0B |
| EPV per Share | $83.93 |
WACC Components
| Cost of Equity | 9.2% |
| After-Tax Cost of Debt | 3.5% |
| Equity Weight | 71.4% |
| Debt Weight | 28.6% |
| WACC | 7.6% |