Paysafe: Advanced Suite of Digital Commerce Solutions
Valuation Benchmarking
EV / 2021E
Organic
adj.
EBITDA (1)
EV/2022E
Organic
adj.
EBITDA (1)
Paysafe:
16x
(2,4)
I
I
Integrated
eCommerce /
Focus payments
PayPal
nuvei
Shift4
PAYMENTS
REPAY
Realtime Electronic Payments
Paysafe:
Global processors
*****
FIS
fiserv.
globalpayments
35x
35x
35x
27x
19x
18x
16x
I
I
Average:
35x
Average:
31x
Average:
18x
29x
29x
26x
23x
(3,4)
14x
17x
16x
15x
Average:
29x
Average:
25x
Average:
16x
Numbers shown on a calendar year basis.
For Paysafe, See slide 49 for additional information regarding this non-GAAP measure.
Source:
Company filings and FactSet as of 12/4/2020.
Note:
(1)
(2)
(3)
(4)
Organic adj. EBITDA based on pro forma forecast plan which includes additional $60m from incremental revenue opportunities and cost savings.
Organic adj. EBITDA based on pro forma forecast plan which includes additional $60m from incremental revenue opportunities and cost savings and $15m upside from accelerated US iGaming.
'21E and '22E organic adj. EBITDA multiples of 18x and 16x, respectively, if incremental revenue and cost saving opportunities and US iGaming acceleration are excluded.
48View entire presentation