ING FP

Ingenico S.A.

TMT


Presented:04/07/2014
Price:€66.00
Cap:$3.78B
Current Price:€126.80
Cap:$8.82B

Presented

Date04/07/2014
Price€66.00
Market Cap$3.78B
Ent Value$4.10B
P/E Ratio33.65x
Book Value€15.57
Div YieldN/A
Shares O/S52.81M
Ave Daily Vol170,000
Short IntN/A

Current

Price€126.80
Market Cap$8.82B
Ingenico S.A. provides payment solutions worldwide. It offers payment terminals, including banking and retail PIN pads, mobility payment solutions, countertops, wireless terminals, signature capture terminals, unattended terminals, contactless readers, biometric terminals, and check readers; Telium2, an operating system platform; and network solutions comprising network communication controller for large terminal concentration. The company also provides transaction management solutions, such as axis transaction management, terminal estate management, electronic portal, connectivity management, and on-guard point-to-point encryption solutions; easy cash solution, which is payment processing solution at the point of sale; ePayment solutions; and m-Payment solutions for retail, small and mobile merchants, and micro merchants. In addition, it offers e-Health solutions for the use in security of healthcare transactions, such as e-medical claim forms, e-prescriptions, and access to e-medical records; e-ID infrastructure solutions for use in the verification of secure documents comprising national e-ID cards, epassports, and e-driving licenses; and value added services. The company provides its products and services to primarily to retailers, banks and service providers. Ingenico S.A. was founded in 1980 and is headquartered in Paris, France.

Highlights

Many investors have been short shares of Ingenico for some time on the thesis that dedicated point of sale devices are being increasingly disrupted via tablets and other mobile devices taking share of the market - a thesis that hasn’t really worked thus far. The presenter, however, believes that now is perhaps the optimal time to establish a bearish position in the stock.

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Idea Discussion

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