FLYW

Flywire Corp

Finance/Real Estate, TMT


Presented:10/24/2023
Price:$28.72
Cap:$3.47B
Current Price:$16.96
Cap:$2.12B

Presented

Date10/24/2023
Price$28.72
Market Cap$3.47B
Ent Value$3.12B
P/E RatioN/A
Book Value$4.39
Div Yield0%
Shares O/S120.67M
Ave Daily Vol1,038,353
Short IntN/A

Current

Price$16.96
Market Cap$2.12B
Flywire Corp. is a payments enablement and software company. The firm engages in providing vertical-specific software and payments technology to embed within the existing accounts receivable (AR) workflows for clients across the education, healthcare, travel vertical markets, and business-to-business (B2B) industries. It also integrates with enterprise resource planning (ERP) systems, such as NetSuite, which allows organizations to optimize the payment experience of customers. The company was founded by Marcaide Marchite Iker in July 2009 and is headquartered in Boston, MA.

Publicly traded companies mentioned herein: Flywire Corp (FLYW)

Highlights

The presenter is long shares of Flywire Corp (FLYW), a B2B cross-border payments company primarily focused on the education vertical with smaller healthcare and travel businesses. The company has a unique value proposition, especially in education payments, as a low cost and convenient way for students to pay tuition. In education, FLYW has built out a strong presence both domestically and around the world through deep vertical expertise and strategic M&A in major cross-border markets (Asia-Pacific, intra-Europe, etc.). The presenter models revenue growth and EBITDA margin expansion above consensus as FLYW continues to expand geographically, add functionalities, and further penetrate international student payments, creating upside from the current $28 share price to his $40 – $45 price target. 

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Idea Discussion

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