Euronet Worldwide, Inc.

Overview

Date Founded

1996

Headquarters

3500 COLLEGE BOULEVARD, LEAWOOD, KS, 66211

Type of Company

Public

Employees (Worldwide)

7,700

Industries

Retail & Commercial Banking
Pension Funds & Sovereign Wealth
IT Consulting & Services

Company Description

Euronet Worldwide, Inc. engages in the provision of electronic payment and transaction processing solutions for financial institutions, retailers, service providers, and individual consumers. It operates through the following segments: Electronic Fund Transfer (EFT) Processing; Epay; Money Transfer; and Corporate Services, Eliminations, and Other. The EFT Processing segment focuses on the electronic payment solutions consisting of automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services. The Epay segment offers prepaid mobile airtime and other electronic content and payment processing services for various prepaid products, cards, and services throughout its worldwide distribution network. The Money Transfer segment refers to money transfer services, primarily under the brand names Ria, AFEX Money Express, and IME, and global account-to-account money transfer services under the brand names HiFX and xe. The company was founded by Daniel R. Henry and Michael J. Brown in 1994 and is headquartered in Leawood, KS.

Website

http://www.euronetworldwide.com

Contact Data

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In The News

Business Wire

January 6, 2021

Worldwide Currency Exchange Software Industry to 2025 - North America is Expected to Hold a Major Share - ResearchAndMarkets.com

SNL Financial

December 24, 2020

Euronet Worldwide to acquire Bank of Ireland's non-branch ATM fleet

Nasdaq

December 24, 2020

Euronet (EEFT) Purchases Bank of Ireland's Non-Branch ATMs

Nasdaq

December 24, 2020

Euronet Buys 700 ATMs From Bank Of Ireland; Street Sees 5% Downside

Marketline Newswire

December 23, 2020

Euronet takes over Bank of Irelandâ(EURO)(TM)s non-branch ATMs

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Executives & Employees

Michael J. Brown

President, Chairman & Chief Executive Officer

Rick L. Weller

Chief Financial & Accounting Officer

Martin L. Brückner

Senior Vice President & Chief Technology Officer

Nikos Fountas

Executive Vice President, Chief Executive Officer, Europe EFT Processing Segment

Juan C. Bianchi

Chief Executive Officer-Money Transfer Division

Cindy Ashcraft

Vice President & Managing Director, Payments Software

Kevin J. Caponecchi

Executive Vice President & Chief Executive Officer, Epay, Software & EFT Asia Pacific Division

Paul Simon Althasen

Independent Director & Executive Vice President

Ryan Geisler

Chief Audit Executive

Aaron Toren

Senior Information Technology Auditor

Board of Directors

Andrew B. Schmitt

Former Chief Executive Officer at Layne Christensen Co.

Thomas A. McDonnell

Former President & Chief Executive Officer at Ewing Marion Kauffman Foundation

Mark R. Callegari

Founder at Callegenix LLC

Andrzej Olechowski

Vice President-Europe at The Trilateral Commission

Paul Simon Althasen

Independent Director & Executive Vice President at Euronet Worldwide, Inc.

Michael N. Frumkin

Member, Board of Directors at Euronet Worldwide, Inc.

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Euronet Worldwide, Inc.

Owners & Shareholders

Details Hidden

Wasatch Advisors, Inc.

Wasatch selects investments for clients based solely on investment considerations, including whether the investments are suitable for the client and consistent with the client’s investment objectives and guidelines. The firm generally uses a process of “bottom-up” fundamental analysis to look for individual companies that they believe are stable and have the potential to grow steadily for long periods of time. Their analysis may include studying a company’s financial statements, building proprietary financial models, visiting company facilities, and meeting with executive management, suppliers and customers.

Details Hidden

Ivy Investment Management Co.

Ivy Investment Management Co. provides investment advice. It offers mutual funds, closed-end funds, 529 plan, nextshares, variable insurance portfolios, performance and Morningstar tools. The company was founded in 1937 and is headquartered in Overland Park, KS.

Details Hidden

Dorsal Capital Management LLC

Dorsal Capital Management (DCM) seeks to achieve superior risk-adjusted total returns by investing primarily in long and short equity positions. The firm focuses on generating fundamentally-based ideas in the consumer and technology sectors, while remaining opportunistic regarding more trading-oriented ideas in the same industries to minimize volatility of the overall portfolio. Clients’ investments consist primarily of equity securities (including equity-linked derivatives),but may also include investments in a broad range of financial instruments including: exchange-traded and over-the-counter (OTC) equity securities, convertible bonds, preferred stock and credit default swaps. In addition, clients may purchase securities in both the secondary and new issue markets.

Recent Transactions

Details Hidden

Euronet Worldwide, Inc. purchases Yourcash Ltd. from Yourcash Holdings Ltd.

Details Hidden

Euronet Worldwide, Inc. raised money in a private placement transaction

Details Hidden

Euronet Worldwide, Inc. purchases HiFX Europe Ltd.

Insider Transactions

Details Hidden

Andrzej Olechowski

Details Hidden

Juan C. Bianchi

Details Hidden

Rick L. Weller

Transaction Advisors

Accountant

KPMG LLP

Advised onEuronet Worldwide, Inc. purchases epay Ltd.

Legal Advisor

Squire Patton Boggs LLP

Advised onEuronet Worldwide, Inc. purchases HiFX Europe Ltd.

Selling Group Member

Barclays Capital Securities Ltd.

Advised onEuronet Worldwide, Inc. issued USD Common Stock

Legal Advisor

James S. Swenson

Advised onEuronet Worldwide, Inc. purchases Continental Exchange Solutions Inc.

Legal Advisor

Scot A. Hill

Advised onEuronet Worldwide, Inc. purchases Continental Exchange Solutions Inc.

Advisors & Consultants

Legal Advisor

James Norris-Jones

Partner at Cleary Gottlieb Steen & Hamilton LLP

Clients

Netflix, Inc.

Netflix, Inc. is a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.

Spotify Technology SA

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.

Activision Blizzard, Inc.

Headquartered in Santa Monica, California, Activision Blizzard, Inc. is a worldwide online, PC, console, handheld and mobile game publisher with leading market positions across every major category of the rapidly growing interactive entertainment software industry. Activision Blizzard's portfolio includes best-selling video games such as Call of Duty® as well as Spider-Man™, X-Men™, James Bond™ and TRANSFORMERS™, leading franchises such as Spyro™ and Blizzard Entertainment's® StarCraft®, Diablo®, and Warcraft® franchises including the global #1 subscription-based massively multi-player online role-playing game, World of Warcraft®. Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Australia, India, China, South Korea and the region of Taiwan

Key Stats and Financials As of 2019

Market Capitalization

$7.37B

Total Enterprise Value

$8.64B

Earnings Per Share

$6.31

Revenue

$2.75B

Net Profit

$347M

EBITDA

$587M

EBITDAMargin

21.34%

Total Debt

$1.47B

Total Equity

$1.58B

Enterprise Value / Sales

3.14x

Enterprise Value EBITDAOperating

14.09x

TEVNet Income

24.91x

Debt TEV

0.17x

Three Year Compounded Annual Growth Rate Of Revenue

11.98%

Non-Profit Donations & Grants

$10K - $25K

2019

Jewish Community Center of Greater Kansas City

$3,000 - $4,999

2018

The Harry S. Truman Library Institute

$5,000 - $10K

2017

The Harry S. Truman Library Institute

Investments

Details Hidden

Wipit, Inc.

Wipit, Inc. provides financial services solutions for the cash-preferred consumer. It is a platform which provides quick and easy way to make payments with cash directly from smart phone. The firm's platform allows sending money, paying bills and top-up mobile phone in a snap. The company was founded by Richard Kang, Job Tucker and Michael Lanzon in 2010 and is headquartered in Pasadena, CA.

Suppliers

American Express Co. Retail & Commercial Banking | New York, NY

The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler's cheque businesses.

Visa, Inc. Consumer Finance | Foster City, CA

Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

China UnionPay Co., Ltd. Consumer Finance | Shanghai, China

China UnionPay Co., Ltd. operates as an inter-bank transaction settlement system. The firm offers terminal maintenance, card-issuing data processing, bankcards and terminals testing, Internet security certification, and bankcard points. The company was founded in March 2002 and is headquartered in Shanghai, China.

Competitors

Western Union Co. Retail & Commercial Banking - Englewood, CO

The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Other segment comprises electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.

MoneyGram Payment Services, Inc. Retail & Commercial Banking - Dallas, TX

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

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