One-glance verdict
Undervalued
$420.96 our estimate vs market $66.24
Wall Street consensus: $73.00 (-82.7% lower than our fair-value estimate)
84% below our estimate, below the bear case
Fundamentals snapshot
Euronet Worldwide, Inc.
EEFT · NMS · Technology · Software - Infrastructure
Current price
$66.24
52-week range
$57.48 - $83.97
Market cap
$2.48B
Balance sheet
Watch
6.27x Adequate
Net debt $451.30M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 3.1% last year.
- Reward Returns 21.8% on equity, ahead of 16% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Net debt grew 311.4% over 3 years.
What this company does
Euronet Worldwide, Inc.
Euronet Worldwide helps people and businesses move and manage money through different services. They handle things like ATM withdrawals and deposits, processing payments for mobile top-ups and gift cards, and sending money internationally through services like Ria and Xe. This matters because their business generates income from the fees charged for these transactions, and a steady flow of these fees, known as recurring revenue (income that is predictable and comes in regularly), is key to their financial health.
How the company got here
Euronet Worldwide started in 1994 as Euronet Services, Inc., aiming to make electronic payments easier. It was founded in Leawood, Kansas, and later changed its name to Euronet Worldwide, Inc. in August 2001. The company grew by expanding its services and international reach, becoming a key player in processing financial transactions for various clients around the globe.
What it actually does
Euronet Worldwide is a technology company that helps move money and process payments. Think of it as the behind-the-scenes engine that makes sure your ATM withdrawal, your online purchase, or sending money to family overseas happens smoothly and securely. They provide the software and infrastructure that allows these transactions to occur between banks, retailers, and consumers.
Electronic Funds Transfer (EFT)
This is Euronet's largest business, handling the nuts and bolts of electronic money movement. It includes services like letting you withdraw cash from ATMs, processing payments at store checkouts (point-of-sale or POS), and managing card systems for banks. They also offer extra services at ATMs, such as currency conversion when you travel and even selling digital content or allowing bill payments, making ATMs more than just cash machines.
epay
The epay segment is all about digital content and prepaid services. Euronet acts as a distributor and processor for things like prepaid mobile phone top-ups, gift cards, and other digital vouchers. When you buy a prepaid calling card or add credit to your mobile phone balance at a store, epay is likely the system making that transaction happen, connecting the seller, the buyer, and the service provider.
Money Transfer
This segment focuses on helping people send money to each other, both domestically and internationally. Through its Ria Money Transfer brand and the website Xe.com, Euronet facilitates remittances, allowing individuals to send funds to family and friends abroad. They also offer currency exchange information and services for small to medium-sized businesses looking to manage foreign currency risks.
What management is betting on now
Euronet's strategy likely revolves around expanding its digital payment capabilities and strengthening its global network. They are probably focused on making it even easier and cheaper for people to send money across borders and for businesses to accept various forms of electronic payments. Investing in technology to enhance security and user experience for their transaction processing services is also a key priority to stay competitive in the fast-evolving financial technology landscape.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$46.10M
FY2025 Q1
$-21.50M
FY2025 Q2
$148.30M
FY2025 Q3
$161.20M
FY2025 Q4
$146.30M
FY2026 Q1
$-150.50M
FY2026 Q2
$111.90M
FY2026 Q3
$199.40M
Revenue
$1.16B
Net income
$113.60M
Diluted EPS
2.53
Operating cash flow
$226.10M
Free cash flow
$199.40M
Fetching…
Sources
Revenue
$1.11B
Net income
$77.40M
Diluted EPS
1.71
Operating cash flow
$148.00M
Free cash flow
$111.90M
Fetching…
Sources
Revenue
$1.01B
Net income
$37.50M
Diluted EPS
0.83
Operating cash flow
$-122.00M
Free cash flow
$-150.50M
Fetching…
Sources
Revenue
$1.11B
Net income
$51.50M
Diluted EPS
0.97
Operating cash flow
$177.90M
Free cash flow
$146.30M
Fetching…
Sources
Revenue
$1.15B
Net income
$122.00M
Diluted EPS
2.75
Operating cash flow
$197.30M
Free cash flow
$161.20M
Fetching…
Sources
Revenue
$1.07B
Net income
$97.60M
Diluted EPS
2.27
Operating cash flow
$182.90M
Free cash flow
$148.30M
Fetching…
Sources
Revenue
$915.50M
Net income
$38.40M
Diluted EPS
0.85
Operating cash flow
$1.70M
Free cash flow
$-21.50M
Fetching…
Sources
Revenue
$1.05B
Net income
$45.20M
Diluted EPS
0.96
Operating cash flow
$80.30M
Free cash flow
$46.10M
Fetching…
Sources
Is it cheap or expensive?
Fair value $420.96 vs current price $66.24
Wall Street consensus is the average analyst price target: $73.00 (-82.7% lower than our fair-value estimate).
Our most-likely fair value is $420.96 a share — about 535.5% above today's price of $66.24, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Watch
Net debt $451.3M. Interest coverage 6.3x.
Net debt
$451.30M
Interest coverage
6.27x
Euronet Worldwide, Inc.'s profit covers its interest bill about 6.3 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
EEFT
BASELINE
Euronet Worldwide, Inc.
Total debt $2.32B Interest coverage 6.27x This is the baseline the peer rows are being compared against.
Total debt $2.70B Interest coverage 5.30x -16% vs EEFT Carries about 1.2x less debt cushion than EEFT.
Total debt $38.26M Interest coverage 10.18x +62% vs EEFT Carries about 1.6x more debt cushion than EEFT.
Total debt $67.37M Interest coverage 874.43x +13,841% vs EEFT Carries about 139.4x more debt cushion than EEFT.
Total debt $863.59M Interest coverage 5.70x -9% vs EEFT Has roughly the same debt cushion as EEFT.
What you should know
The case for and against EEFT
3 Rewards
1 Risk
Rewards
-
Revenue grew 3.1% last year.
-
Returns 21.8% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Net debt grew 311.4% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
10.91x
Forward P/E
5.70x
P/B
2.33x
P/S
0.56x
EV/EBITDA
5.45x
PEG ratio
0.44x
Profitability
How much profit each dollar creates
Gross margin
23.8%
Operating margin
14.8%
Net margin
6.4%
ROE
21.8%
ROA
4.9%
Health
Liquidity and balance-sheet strength
Debt / equity
1.78x
Current ratio
1.42x
Quick ratio
0.78x
Total debt
$2.32B
Total cash
$1.87B
Growth
How the business has been compounding
Revenue TTM
$4.37B
Revenue 5Y CAGR
9.1%
EPS TTM
6.07
EPS 5Y CAGR
15.8%
Cash flow
How much cash the business throws off
Operating CF TTM
$401.20M
Free CF TTM
$434.30M
FCF margin
9.9%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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