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Summary
- Nuvei posted the interim full year 2020 revenue between US$ 373 million and US$ 377 million, a rise of 50 per cent year-over-year (YoY).
- Its eCommerce total merchant transaction volume zoomed by 80 per cent last year.
- Stocks of Nuvei are up 59 per cent since its listing in September 2020, with a price-to-cashflow ratio of 159.20.
Fintech company Nuvei, which pulled off the biggest tech initial public offering (IPO) on TSX last year, is out with its fourth quarter 2020 unaudited financial earning report. Revenues jumped 50 per cent year-over-year to between US$ 373 million and US$ 377 for the entire 2020.
Adjusted EBITDA also soared by 80 per cent YoY between US$ 162 million to US$ 164 million in 2020.
The total volume of merchant transactions on its platform in Q4 (ending December 31, 2020) was in the range of US$ 13.8 billion and US$ 14.1 billion, up over 50 per cent YoY.
For the financial year 2020, total transactions volume stood in between US$ 43.1 billion and US$ 43.4, representing over 70 per cent surge against 2019.
Its eCommerce segment contributed 76 per cent and 80 per cent of the total volume surge last year and Q4 2020, respectively.
Let us dive into the eCommerce stock’s market performance:
Nuvei Corporation (TSX:NVEI)
The FinTech stock has soared over 59 per cent since its listing in September 2020, its growth was driven by the remarkable online shopping and digital payment demand. It is currently trading at C$ 71.70 per share.
With consumers switching to online mode in the festive season shopping last year, the C$ 3.3-billion eCommerce company accumulated massive revenue. In the last three months, its shares are up more than 23 per cent, with a price-to-cashflow ratio of 159.30.
Image Source: Kalkine Group @2020
Its preliminary financial report suggests that its performance is in line with its peers such as Shopify and Lightspeed.
The company is operating in 200 markets worldwide with its diversified payment platforms comprising the capability to receive more than 450 different payment procedures in approximately 150 currencies.
With more people adopting the online payment format system worldwide, this emerging fintech company can unlock immense opportunities for investors seeking returns.
