In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Mastercard (NYSE:MA) in comparison to its major competitors within the Financial Services industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding of company's performance in the industry.
Mastercard Background
Mastercard is the second-largest payment processor in the world, having processed close to over $9 trillion in volume during 2023. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
Company | P/E | P/B | P/S | ROE | EBITDA (in billions) | Gross Profit (in billions) | Revenue Growth |
---|
Mastercard Inc | 35.96 | 58.06 | 16.56 | 42.49% | $3.92 | $4.83 | 10.44% |
Visa Inc | 30.60 | 14.17 | 16.48 | 11.86% | $5.84 | $6.98 | 9.89% |
Fiserv Inc | 28.10 | 3.04 | 4.68 | 2.51% | $1.96 | $2.88 | 7.39% |
PayPal Holdings Inc | 14.66 | 2.94 | 2.09 | 4.25% | $1.56 | $3.46 | 9.36% |
Fidelity National Information Services Inc | 104.15 | 2.31 | 4.45 | 3.9% | $0.8 | $0.92 | 2.92% |
Block Inc | 105.48 | 2.06 | 1.71 | 2.51% | $0.51 | $2.09 | 19.38% |
Global Payments Inc | 18.92 | 1.09 | 2.53 | 1.39% | $0.95 | $1.5 | 5.57% |
Corpay Inc | 20.11 | 5.84 | 5.29 | 7.03% | $0.48 | $0.73 | 3.76% |
Jack Henry & Associates Inc | 32.20 | 6.84 | 5.57 | 4.97% | $0.17 | $0.21 | 5.9% |
WEX Inc | 28.34 | 4.11 | 2.89 | 3.66% | $0.23 | $0.39 | 6.65% |
Euronet Worldwide Inc | 18.81 | 3.93 | 1.43 | 2.1% | $0.09 | $0.32 | 8.87% |
Shift4 Payments Inc | 47.83 | 6.78 | 1.63 | 3.1% | $0.1 | $0.19 | 29.32% |
The Western Union Co | 7.15 | 10.28 | 1.01 | 32.55% | $0.24 | $0.41 | 1.18% |
StoneCo Ltd | 12.18 | 1.31 | 1.71 | 2.52% | $0.9 | $2.14 | 15.45% |
PagSeguro Digital Ltd | 11.16 | 1.42 | 2.13 | 3.57% | $1.77 | $0.2 | 10.15% |
DLocal Ltd | 17.50 | 4.67 | 3.34 | 3.8% | $0.05 | $0.06 | 34.34% |
Paymentus Holdings Inc | 77.09 | 5.01 | 3.43 | 1.66% | $0.02 | $0.05 | 24.64% |
Evertec Inc | 34.07 | 4.28 | 3.01 | 2.9% | $0.07 | $0.1 | 28.47% |
Payoneer Global Inc | 18.63 | 3.16 | 2.52 | 4.37% | $0.05 | $0.19 | 18.84% |
Average | 34.83 | 4.62 | 3.66 | 5.48% | $0.88 | $1.27 | 13.45% |
By analyzing Mastercard, we can infer the following trends:
The Price to Earnings ratio of 35.96 for this company is 1.03x above the industry average, indicating a premium valuation associated with the stock.
With a Price to Book ratio of 58.06, which is 12.57x the industry average, Mastercard might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.
With a relatively high Price to Sales ratio of 16.56, which is 4.52x the industry average, the stock might be considered overvalued based on sales performance.
The Return on Equity (ROE) of 42.49% is 37.01% above the industry average, highlighting efficient use of equity to generate profits.
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $3.92 Billion is 4.45x above the industry average, highlighting stronger profitability and robust cash flow generation.
The gross profit of $4.83 Billion is 3.8x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
The company's revenue growth of 10.44% is significantly below the industry average of 13.45%. This suggests a potential struggle in generating increased sales volume.
Debt To Equity Ratio
The debt-to-equity (D/E) ratio gauges the extent to which a company has financed its operations through debt relative to equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing Mastercard in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
Mastercard is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 2.16.
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.
Key Takeaways
For Mastercard, the PE, PB, and PS ratios are all high compared to its peers in the Financial Services industry, indicating potential overvaluation. On the other hand, Mastercard's high ROE, EBITDA, and gross profit suggest strong profitability and operational efficiency relative to industry competitors. However, the low revenue growth rate may raise concerns about the company's ability to sustain its financial performance in the long term.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
在快節奏和殘酷的商業世界中,進行全面的公司分析對投資者和行業專家至關重要。在本文中,我們將進行全面的行業比較,評估萬事達卡(紐約證券交易所代碼:MA)與其在金融服務行業的主要競爭對手的比較。通過分析關鍵財務指標、市場地位和增長潛力,我們的目標是爲投資者提供寶貴的見解,並更深入地了解公司的行業表現。
萬事達背景
萬事達卡是全球第二大支付處理商,2023年處理的交易量超過9萬億美元。萬事達卡在 200 多個國家開展業務,處理超過 150 種貨幣的交易。
公司 | P/E | P/B | 市銷率 | 羅伊 | 息稅折舊攤銷前利潤(單位:十億) | 毛利(單位:十億) | 收入增長 |
---|
萬事達卡公司 | 35.96 | 58.06 | 16.56 | 42.49% | 3.92 美元 | 4.83 美元 | 10.44% |
Visa Inc | 30.60 | 14.17 | 16.48 | 11.86% | 5.84 美元 | 6.98 美元 | 9.89% |
Fiserv Inc. | 28.10 | 3.04 | 4.68 | 2.51% | 1.96 美元 | 2.88 美元 | 7.39% |
貝寶控股公司 | 14.66 | 2.94 | 2.09 | 4.25% | 1.56 | 3.46 美元 | 9.36% |
富達國家信息服務公司 | 104.15 | 2.31 | 4.45 | 3.9% | 0.8 美元 | 0.92 美元 | 2.92% |
Block Inc | 105.48 | 2.06 | 1.71 | 2.51% | 0.51 美元 | 2.09 美元 | 19.38% |
全球支付公司 | 18.92 | 1.09 | 2.53 | 1.39% | 0.95 美元 | 1.5 美元 | 5.57% |
Corpay Inc | 20.11 | 5.84 | 5.29 | 7.03% | 0.48 美元 | 0.73 美元 | 3.76% |
傑克·亨利律師事務所 | 32.20 | 6.84 | 5.57 | 4.97% | 0.17 美元 | 0.21 美元 | 5.9% |
WEX Inc | 28.34 | 4.11 | 2.89 | 3.66% | 0.23 美元 | 0.39 美元 | 6.65% |
Euronet 全球公司 | 18.81 | 3.93 | 1.43 | 2.1% | 0.09 | 0.32 美元 | 8.87% |
Shift4 Payments | 47.83 | 6.78 | 1.63 | 3.1% | 0.1 美元 | 0.19 美元 | 29.32% |
西聯匯款公司 | 7.15 | 10.28 | 1.01 | 32.55% | 0.24 美元 | 0.41 美元 | 1.18% |
Stoneco Ltd | 12.18 | 1.31 | 1.71 | 2.52% | 0.9 美元 | 2.14 美元 | 15.45% |
PagSeguro 數字有限公司 | 11.16 | 1.42 | 2.13 | 3.57% | 1.77 | 0.2 美元 | 10.15% |
dLocal 有限公司 | 17.50 | 4.67 | 3.34 | 3.8% | 0.05 美元 | 0.06 美元 | 34.34% |
Paymentus 控股公司 | 77.09 | 5.01 | 3.43 | 1.66% | 0.02 | 0.05 美元 | 24.64% |
埃弗泰克公司 | 34.07 | 4.28 | 3.01 | 2.9% | 0.07 美元 | 0.1 美元 | 28.47% |
Payoneer Global Inc | 18.63 | 3.16 | 2.52 | 4.37% | 0.05 美元 | 0.19 美元 | 18.84% |
平均值 | 34.83 | 4.62 | 3.66 | 5.48% | 0.88 美元 | 1.27 | 13.45% |
通過分析萬事達卡,我們可以推斷出以下趨勢:
該公司的市盈率爲35.96,比行業平均水平高出1.03倍,表明與該股相關的溢價估值。
萬事達卡的賬面價格比率爲58.06,是行業平均水平的12.57倍,其賬面價值可能被認爲被高估了,因爲與業內同行相比,它的交易倍數更高。
該股的市銷比相對較高,爲16.56,是行業平均水平的4.52倍,因此根據銷售業績,該股可能被視爲估值過高。
42.49%的股本回報率(ROE)比行業平均水平高出37.01%,這凸顯了股權的有效利用來創造利潤。
扣除利息、稅項、折舊和攤銷前的收益(EBITDA)爲39.2億美元,比行業平均水平高出4.45倍,凸顯了更強的盈利能力和強勁的現金流生成。
48.3億美元的毛利潤是該行業的3.8倍,凸顯了其更強的盈利能力和更高的核心業務收益。
該公司的收入增長10.44%,大大低於行業平均水平的13.45%。這表明在增加銷量方面可能存在困難。
負債權益比率
債務與權益(D/E)比率衡量公司通過債務相對於權益爲其運營融資的程度。
在行業比較中考慮債務與權益比率可以對公司的財務狀況和風險狀況進行簡明的評估,從而有助於做出明智的決策。
通過根據債務與權益比率分析萬事達卡與前四大同行的關係,可以得出以下見解:
關鍵要點
對於萬事達卡而言,與金融服務行業的同行相比,市盈率、市盈率和市盈率都很高,這表明估值可能過高。另一方面,萬事達卡的高投資回報率、息稅折舊攤銷前利潤和毛利表明,與行業競爭對手相比,盈利能力和運營效率都很高。但是,低收入增長率可能會引發人們對公司長期維持財務業績能力的擔憂。
本文由Benzinga的自動內容引擎生成,並由編輯審閱。