Performance Comparison: Mastercard And Competitors In Financial Services Industry
Performance Comparison: Mastercard And Competitors In Financial Services Industry
The current Price to Earnings ratio of In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Mastercard (NYSE:MA) alongside its primary competitors in the Financial Services industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to offer valuable insights to investors and shed light on company's performance within the industry.
在不斷髮展和競爭激烈的商業環境中，對於投資者和行業關注者來說，進行徹底的公司分析至關重要。在本文中，我們將進行深入的行業比較，評估萬事達（紐交所：MA）及其金融服務行業主要競爭對手。通過仔細檢查關鍵財務指標、市場定位和增長前景，我們旨在爲投資者提供有價值的見解，並闡明公司在行業內的表現。
Mastercard Background
萬事達背景
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.
萬事達是全球第二大支付處理器，在2023年處理了超過9萬億美元的交易量。萬事達在全球200多個國家和地區運營，可以處理超過150種貨幣的交易。
| Company | P/E | P/B | P/S | ROE | EBITDA (in billions) | Gross Profit (in billions) | Revenue Growth |
|---|---|---|---|---|---|---|---|
| Mastercard Inc | 37.67 | 61.34 | 17.49 | 44.44% | $4.32 | $5.35 | 11.04% |
| Visa Inc | 30.49 | 14.47 | 16.67 | 12.62% | $6.45 | $7.13 | 9.57% |
| Fiserv Inc | 30.89 | 3.63 | 5.37 | 3.14% | $2.22 | $3.12 | 7.38% |
| PayPal Holdings Inc | 18.63 | 3.81 | 2.66 | 5.46% | $1.75 | $3.61 | 8.21% |
| Fidelity National Information Services Inc | 83.23 | 2.69 | 4.88 | 1.39% | $0.8 | $0.95 | 2.68% |
| Block Inc | 62.46 | 2.15 | 1.81 | 1.02% | $0.6 | $2.23 | 11.21% |
| Global Payments Inc | 20.31 | 1.26 | 2.89 | 1.68% | $1.08 | $1.63 | 4.74% |
| Corpay Inc | 22.33 | 7.75 | 5.89 | 8.38% | $0.51 | $0.77 | 2.9% |
| Jack Henry & Associates Inc | 33.19 | 6.87 | 5.72 | 5.58% | $0.18 | $0.23 | 4.73% |
| WEX Inc | 35.83 | 4.77 | 3.34 | 4.32% | $0.25 | $0.41 | 8.4% |
| Shift4 Payments Inc | 52.67 | 8.29 | 1.94 | 5.7% | $0.13 | $0.23 | 29.83% |
| Euronet Worldwide Inc | 17.56 | 3.72 | 1.31 | 6.76% | $0.18 | $0.41 | 5.02% |
| The Western Union Co | 7.16 | 9 | 0.98 | 33.62% | $0.24 | $0.4 | -8.85% |
| StoneCo Ltd | 10.41 | 1.25 | 1.60 | 3.29% | $1.13 | $2.25 | 11.86% |
| Payoneer Global Inc | 29.19 | 4.33 | 3.24 | 4.87% | $0.06 | $0.2 | 15.86% |
| PagSeguro Digital Ltd | 8.45 | 1.10 | 1.70 | 3.59% | $1.83 | $-0.02 | 6.74% |
| Paymentus Holdings Inc | 84.31 | 6.04 | 3.97 | 2.1% | $0.02 | $0.06 | 32.55% |
| DLocal Ltd | 18.55 | 5.25 | 3.50 | 10.06% | $0.06 | $0.07 | 6.29% |
| Evertec Inc | 31.45 | 4.37 | 2.77 | 6.44% | $0.09 | $0.11 | 26.88% |
| Average | 33.17 | 5.04 | 3.9 | 6.67% | $0.98 | $1.32 | 10.33% |
| 公司 | 市銷率P/S | 淨資產收益率ROE | 息稅前收入EBITDA (以十億計) | 毛利潤 (以十億計) | 營收增長 | CrowdStrike Holdings Inc (847.84) | 營業收入增長 |
|---|---|---|---|---|---|---|---|
| 萬事達公司 | This article was generated by Benzinga's automated content engine and reviewed by an editor. | 61.34 | 17.49 | 44.44% | $4.32 | $5.35 | 11.04% |
| Visa Inc | 30.49 | 14.47 | 16.67 | 12.62% | $6.45 | $7.13 | 9.57% |
| Fiserv公司 | 30.89 | 3.63 | 5.37 | 3.14% | $2.22 | $3.12 | 7.38% |
| PayPal Holdings Inc | 18.63 | 3.81 | 2.66 | 5.46% | $1.75 | $3.61 | 8.21% |
| 繁德信息技術公司 | 83.23 | 2.69 | 4.88 | 1.39% | $0.8 | 0.95美元 | 2.68% |
| Block公司 | 62.46 | 2.15 | 1.81 | 1.02% | $0.6 | $2.23 | 11.21% |
| Global Payments公司 | 20.31 | 1.26 | 2.89 | 1.68% | $1.08 | $1.63 | 4.74% |
| Corpay公司 | 22.33 | 7.75 | 5.89 | 8.38% | $0.51 | $0.77 | 2.9% |
| 傑克·亨利和合夥人公司 | 33.19 | 6.87 | 4.81 | 5.58% | 0.18美元 | $0.23 | 4.73% |
| wex inc | 35.83 | 4.77 | 3.34 | 4.32% | $0.25 | $0.41 | 8.4% |
| shift4 payments inc | 52.67 | 8.29 | 1.94 | 5.7% | 0.13元 | $0.23 | 29.83% |
| Euronet Worldwide Inc | 17.56 | 3.72 | 1.31 | 6.76% | 0.18美元 | $0.41 | 5.02% |
| 西聯匯款公司 | 7.16 | 9 | 0.98 | 33.62% | 0.24美元 | $0.4 | -8.85% |
| stoneco ltd | 10.41 | 根據公司的固定費用覆蓋率，利率爲1.25% 至 1.75%每年，或者（b）有一個「備選主板利率」，並可減少至0.75%每年，取決於公司的固定費用覆蓋率。截至2021年7月3日，公司的基於LIBOR的利率爲% （對於$），公司的主板基準利率爲% （對於$）。根據未取出的貸款利率，每月應支付承諾費，利率爲%每年。根據與摩根大通銀行（「貸款協議」）的信貸協議的條款，現金收據將被存入鎖匣中，並由公司自行決定，除非處於「現金控制期」，在此期間，現金收據將用於減少貸款協議下的應付金額。現金控制期在事件違約或可用餘額連續三個工作日低於$時觸發，並將繼續到先前的連續天數中存在任何違約事件且多餘的可用餘額始終大於$（這樣的觸發器根據公司的循環承諾進行調整）。此外，如果依據信貸協議所定義的「額外可用餘額」小於$，則公司應維持最低固定費用覆蓋率爲1.0至1.0 （觸發器根據公司的循環承諾進行調整）。截至2021年7月3日，公司的可用餘額爲$25,764。信貸協議要求我們在判斷任何應支付股息或進行任何普通股分配時獲得摩根大通銀行的事先書面同意。信貸設施於2022年12月16日到期。 | 1.60 | 3.29% | $1.13 | 2.25美元 | 11.86% |
| Payoneer全球貨幣公司 | 29.19 | 4.33 | 3.24 | 4.87% | 0.06美元 | $0.2 | 15.86% |
| pagseguro digital有限公司 | 8.45 | 1.10 | 1.70 | 3.59% | $1.83 | $-0.02 | 6.74% |
| Paymentus Holdings Inc | 84.31 | 6.04 | 3.97 | 2.1% | $0.02 | 0.06美元 | 32.55% |
| DLocal有限公司 | 18.55 | 5.25 | 3.50 | 10.06% | 0.06美元 | 0.07美元 | 6.29% |
| Evertec Inc | 31.45 | 4.37 | 2.77 | 6.44% | $0.09 | $0.11 | 26.88% |
| 平均值 | 33.17 | 5.04 | 3.9 | 6.67% | $0.98 | $1.32 | 10.33% |
Upon closer analysis of Mastercard, the following trends become apparent:
通過對萬事達進行更細緻的分析，以下趨勢變得明顯：
The current Price to Earnings ratio of 37.67 is 1.14x higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
The elevated Price to Book ratio of 61.34 relative to the industry average by 12.17x suggests company might be overvalued based on its book value.
With a relatively high Price to Sales ratio of 17.49, which is 4.48x the industry average, the stock might be considered overvalued based on sales performance.
The company has a higher Return on Equity (ROE) of 44.44%, which is 37.77% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
With higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $4.32 Billion, which is 4.41x above the industry average, the company demonstrates stronger profitability and robust cash flow generation.
With higher gross profit of $5.35 Billion, which indicates 4.05x above the industry average, the company demonstrates stronger profitability and higher earnings from its core operations.
The company's revenue growth of 11.04% is notably higher compared to the industry average of 10.33%, showcasing exceptional sales performance and strong demand for its products or services.
目前的市盈率爲37.67，比行業平均水平高出1.14倍，表明該股票被定價爲溢價水平，符合市場情緒。
較高的市淨率61.34相對於行業平均值高出12.17倍，表明公司根據其賬面價值可能被高估。
相對較高的市銷率17.49，比行業平均值高出4.48倍，根據銷售業績，該股票可能被視爲被高估。
公司的股權回報率（ROE）爲44.44％，高於行業平均水平37.77％。這表明優化股權利用以產生利潤，並展示了盈利能力和增長潛力。
憑藉高達43.2億美元的稅息折舊及攤銷前利潤（EBITDA），比行業平均水平高出4.41倍，該公司展現出更強的盈利能力和穩健的現金流生成能力。
擁有53.5億美元的較高毛利潤，比行業平均水平高出4.05倍，該公司展現出更強的盈利能力和核心業務高收益。
公司的營業收入增長率爲11.04%，顯著高於行業平均水平10.33%，展示出卓越的銷售業績和對其產品或服務的強勁需求。
Debt To Equity Ratio
債務權益比率
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
負債股權比率（D/E）是衡量公司財務健康狀況及其債務融資依賴程度的關鍵指標。
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.
在行業比較中考慮債務權益比率可以簡明地評估公司的財務狀況和風險特徵，有助於投資者做出明智的決策。
By analyzing Mastercard in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
對於萬事達卡，PE、PB和PS比率都高於金融服務行業的同行，表明潛在的過度估值。另一方面，萬事達卡的高ROE、EBITDA和毛利潤顯示出相對於行業競爭對手而言的強勁盈利能力和運營效率。然而，低營業收入增長率可能會引起人們對公司在長期內維持財務表現的能力的擔憂。
Mastercard has a stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 2.1.
This suggests that the company has a more favorable balance between debt and equity, which can be perceived as a positive indicator by investors.
萬事達的財務狀況比其前四名同行更強，其債務資產比率僅爲2.1，低於其他同行。
這表明公司在債務和股權之間具有更有利的平衡，這可以被投資者視爲一個積極的指標。
Key Takeaways
要點
For Mastercard, the PE, PB, and PS ratios are all high compared to industry peers, indicating potential overvaluation. On the other hand, Mastercard's high ROE, EBITDA, gross profit, and revenue growth suggest strong operational performance and growth prospects within the Financial Services sector.
對於萬事達，市盈率、市淨率和市銷率均高於行業同行，表明潛在高估值。另一方面，萬事達高的roe、ebitda、毛利潤和營業收入增長預示着其在金融服務板塊具有強勁的運營表現和增長前景。
This article was generated by Benzinga's automated content engine and reviewed by an editor.
本文由Benzinga的自動化內容引擎生成並由編輯審查。
譯文內容由第三人軟體翻譯。