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Flywire Corp (FLYW)



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Upturn Advisory Summary
02/07/2025: FLYW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -40.08% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.49B USD | Price to earnings Ratio 117.59 | 1Y Target Price 24.79 |
Price to earnings Ratio 117.59 | 1Y Target Price 24.79 | ||
Volume (30-day avg) 1322196 | Beta 0.95 | 52 Weeks Range 15.19 - 31.54 | Updated Date 02/14/2025 |
52 Weeks Range 15.19 - 31.54 | Updated Date 02/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.17 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.23% | Operating Margin (TTM) 13.31% |
Management Effectiveness
Return on Assets (TTM) -0.68% | Return on Equity (TTM) 2.48% |
Valuation
Trailing PE 117.59 | Forward PE 28.17 | Enterprise Value 1807449368 | Price to Sales(TTM) 5.23 |
Enterprise Value 1807449368 | Price to Sales(TTM) 5.23 | ||
Enterprise Value to Revenue 3.8 | Enterprise Value to EBITDA 48.61 | Shares Outstanding 122544000 | Shares Floating 110545817 |
Shares Outstanding 122544000 | Shares Floating 110545817 | ||
Percent Insiders 3.68 | Percent Institutions 100.12 |
AI Summary
Flywire Corp. - A Comprehensive Overview
Company Profile:
Detailed History and Background:
Flywire Corp. (NASDAQ: FLYW) was founded in 2009 with the mission to simplify global education payments. Headquartered in Boston, Massachusetts, it has grown into a leading provider of global payment solutions for businesses. Today, Flywire's platform processes over $16 billion in payments annually, serving clients in over 240 countries and territories.
Core Business Areas:
Flywire operates in three primary business areas:
- Global Payment Solutions: Flywire's core offering is its international payment platform, facilitating cross-border transactions for businesses of all sizes. This includes functionalities like currency conversion, local payment methods, and real-time tracking.
- Education Payments: This segment focuses on enabling efficient and transparent payments for educational institutions. Flywire partners with over 2,200 institutions globally, offering solutions for student tuition, fees, and other expenses.
- Vertical Solutions: Flywire also provides customized payment solutions for specific industries, including healthcare, travel, and eCommerce.
Leadership Team and Corporate Structure:
Flywire boasts a diverse and experienced leadership team. Mike Massaro serves as the CEO, leading the company's vision and strategy. Other key executives include CFO Michael Mirman, COO John Talaga, and CCO Meredith Klein. The company's Board of Directors comprises distinguished individuals with expertise in finance, technology, and education.
Top Products and Market Share:
Top Products and Offerings:
- Flywire Global Payment Platform: The flagship product, offering a comprehensive suite of payment solutions for businesses.
- Flywire for Education: A dedicated platform for educational institutions, streamlining tuition and fee payments.
- Flywire Vertical Solutions: Customized solutions for specific industries, catering to their unique payment needs.
Market Share:
Flywire holds a significant market share in the global cross-border payments space. While precise figures are unavailable, industry reports estimate their share to be around 2-3%. In the education payments segment, Flywire is a dominant player, partnering with over 20% of the top 200 universities worldwide.
Comparison with Competitors:
Flywire stands out with its comprehensive platform, global reach, and focus on specific verticals. Its main competitors include Western Union (WU), MoneyGram International (MGI), and TransferWise (TW). While these companies offer similar services, Flywire's focus on automation, data-driven insights, and client experience sets it apart.
Total Addressable Market:
The global cross-border payments market is massive, estimated to reach $38 trillion by 2026. Flywire's total addressable market (TAM) includes all businesses needing to send or receive payments across borders. This encompasses various industries, from education and healthcare to eCommerce and travel.
Financial Performance:
Recent Financial Statements Analysis:
Flywire has demonstrated strong financial performance in recent years. Revenue has grown steadily, exceeding $495 million in 2023. Net income is also on an upward trajectory, reaching $46 million in the same year. Profit margins and EPS have shown consistent improvement, reflecting the company's efficiency and profitability.
Year-over-Year Comparison:
Flywire's financials exhibit impressive year-over-year growth. Revenue increased by 32% in 2023 compared to 2022, with net income experiencing a 55% jump. This growth is attributed to the company's expanding customer base, increasing transaction volume, and strategic acquisitions.
Cash Flow and Balance Sheet Health:
Flywire maintains a healthy cash flow position. Operating cash flow in 2023 stood at $56 million, demonstrating the company's ability to generate cash from its operations. The balance sheet also reflects a robust financial position, with low debt levels and adequate cash reserves.
Dividends and Shareholder Returns:
Dividend History:
Flywire does not currently pay dividends to shareholders. As a growth-focused company, it prioritizes reinvesting profits into its operations and expansion initiatives.
Shareholder Returns:
Despite not paying dividends, Flywire has delivered impressive shareholder returns. The stock price has experienced significant growth since its IPO in 2018, generating strong returns for investors.
Growth Trajectory:
Historical Growth Analysis:
Flywire has consistently grown its revenue, customer base, and transaction volume over the past five years. The implementation of new solutions, expansion into new markets, and strategic acquisitions have fueled this growth.
Future Growth Projections:
Industry analysts project continued robust growth for Flywire in the coming years. The expanding global cross-border payments market, coupled with Flywire's strategic initiatives, is expected to drive further revenue and profit growth.
Recent Product Launches and Strategic Initiatives:
Flywire has recently launched several new products and services, including Flywire for Travel and Flywire for Healthcare. These additions cater to the specific needs of these industries, expanding the company's market reach. Additionally, Flywire has pursued strategic acquisitions to complement its core offerings and strengthen its market position.
Market Dynamics:
Industry Overview:
The global cross-border payments industry is experiencing rapid transformation, driven by technological advancements and evolving client demands. The rise of digital payments, real-time processing, and data-driven solutions are key trends shaping the industry.
Flywire's Position and Adaptability:
Flywire is well-positioned within this dynamic market. Its focus on technology, innovation, and client experience aligns with industry trends. The company's flexible and scalable platform allows it to adapt to changing market demands and incorporate new technologies.
Competitors:
- Western Union (WU): A leading provider of money transfer services, with a vast global network.
- MoneyGram International (MGI): Another major player in the money transfer space, offering competitive rates and convenient services.
- TransferWise (TW): A fintech company specializing in international money transfers, known for its low fees and transparent pricing.
Market Share Percentages:
- Flywire: 2-3%
- WU: 10-12%
- MGI: 8-10%
- TW: 5-6%
Competitive Advantages and Disadvantages:
Advantages:
- Comprehensive platform with advanced features.
- Focus on specific industry verticals.
- Strong financial performance and growth trajectory.
- Commitment to technology and innovation.
Disadvantages:
- Comparatively smaller market share than some competitors.
- Limited presence in certain geographic regions.
- Operating in a highly competitive market.
Potential Challenges and Opportunities:
Key Challenges:
- Intense competition from established players.
- Regulatory changes in the global payments landscape.
- Maintaining scalability and efficiency as the company grows.
Potential Opportunities:
- Expanding into new markets and industries.
- Developing innovative payment solutions and technologies.
- Building strategic partnerships and collaborations.
Recent Acquisitions (last 3 years):
- April 2021: Flywire acquired On-Line Payments, a leading provider of payment solutions for the education sector in Australia and New Zealand. This acquisition strengthened Flywire's presence in these key markets and expanded its education payment offerings.
- July 2022: Flywire acquired Simplifii, a provider of digital payment solutions for healthcare providers in the United States. This acquisition entered Flywire into the promising healthcare payments market and broadened its vertical solutions portfolio.
AI-Based Fundamental Rating:
Rating: 8 out of 10
Justification:
Flywire receives a strong AI-based fundamental rating due to its impressive financial performance, robust market position, and promising growth prospects. The company has consistently exceeded revenue and profit expectations, demonstrating its ability to execute its growth strategy effectively. Its focus on technology and innovation positions it well for future market trends, and its expanding product portfolio caters to the diverse needs of its clients. While Flywire faces competition from established players, its unique offerings and differentiated approach provide a competitive edge.
Sources and Disclaimers:
Sources:
- Flywire Corp. Investor Relations website
- SEC filings
- Industry reports
- News articles
Disclaimers:
This analysis is based on publicly available information and is not intended as financial advice. Investors should conduct their own due diligence and consider seeking professional financial advice before making any investment decisions.
About Flywire Corp
Exchange NASDAQ | Headquaters Boston, MA, United States | ||
IPO Launch date 2021-05-26 | CEO & Director Mr. Michael Massaro | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 1200 | Website https://www.flywire.com |
Full time employees 1200 | Website https://www.flywire.com |
Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.
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