2024-03-30 10:26:20 ET
Summary
- FY23 witnessed significant growth in end-to-end payment volume, subscription revenue, and total revenue, driven by increased merchant adoption in new verticals, strategic acquisitions, and the next-gen SkyTab POS system.
- Shift4 achieved impressive growth in gross profit and gross margin, outpacing revenue growth, and thus, profitability. Continued margin improvements are anticipated in FY24.
- Shift4's current premium valuation is justified by its demonstrated self-sustainability, superior growth trajectory, and improving margins.
- Shift4 is expected to grow revenue at 30% for the next 3 years.
Investment Thesis
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Shift4: 30% Revenue CAGR In Next 3 Years