- Evertec's growth has been accelerating, and last quarter posted its second highest YoY growth since going public in 2013.
- Further expansion of LATAM Payment Processing business should continue to accelerate the company's growth and lead to a higher multiple.
- Significant deleveraging over the past three years gives Evertec increased opportunities for growth, capital return, and increases the chances of acquisition.
- Valuation remains attractive.
- With recent consolidation in the payments industry and rumors the company hired Goldman to sell itself, we see Evertec as a likely acquisition target.
For further details see:
Evertec: Accelerating Growth And Acquisition Potential To Send Shares Higher