Nuvei Corporation

NasdaqGS:NVEI Stock Report

Market Cap: US$4.8b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Nuvei Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Philip Fayer

Chief executive officer

US$12.8m

Total compensation

CEO salary percentage5.00%
CEO tenure7.8yrs
CEO ownership19.7%
Management average tenure2.9yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 18

Nuvei Goes Private With A Seemingly Cheap Price Tag

Summary Nuvei, a business that I believe is moving in the right direction, no longer presents an investment opportunity as the company has agreed to go private. At a forward P/E of around 16, I strongly believe the market is still being very cautious about Nuvei's prospects. Although the deal price represents a 56% premium to the closing market price on March 15, I believe Nuvei would have seen much higher stock prices in the long run. Q1 financial performance of the company confirms Nuvei is a business with an upward trajectory. Read the full article on Seeking Alpha
Seeking Alpha • Mar 27

Take-Private Deal Or Not, Nuvei Is Attractive

Summary Nuvei stock jumped 30% on March 18 with the WSJ reporting a PE deal is likely to be finalized soon. The stock jumped another 7% yesterday with no apparent news. Raymond James analyst John Davis recently claimed that Nuvei may fetch as high as $36 per share in a PE deal. Nuvei's investments in product enhancements, market expansion efforts, and the improving macroeconomic outlook paint a promising picture. Nuvei has proved its potential to maintain high growth with limited CapEx, which is an early sign of a company that may go on to enjoy strong free cash flow growth in the long term. I believe Nuvei is reasonably valued today after losing 27% of its market value in the last 12 months. Read the full article on Seeking Alpha
Seeking Alpha • Oct 18

Vanguard selects Nuvei as payment partner

Nuvei (NASDAQ:NVEI) has been selected by Vanguard Truck Centers as a payment provider to help accelerate the growth of their multi-regional, full-service U.S. commercial truck dealer group. Nuvei is helping Vanguard optimize levels of interchange credit card processing rates and fees.  “Our business is constantly assessing and optimizing how we can both improve the customer experience and support the bottom line. From the outset, Nuvei understood the complexity of our business model and continues to demonstrate the agility to optimize costs of our digital payments while providing high-quality, hands-on consultative service.” said Will Blue, CFO of Vanguard Truck Centers.
Seeking Alpha • Sep 12

Nuvei Corporation: Resetting Growth Expectations

Summary Canadian-based Nuvei Corporation goes into the spotlight for the first time. This payment solutions firm is showing solid growth but badly missed on its last earnings report, sending the shares downward. Time to buy the dip? An investment analysis follows in the paragraphs below. "Canada is not the party. Its the apartment above the party." - Craig Ferguson Today, we take our first look at Nuvei Corporation (NASDAQ:NVEI), a payment solutions provider from north of the border. The company is delivering steady growth and targeting a huge market. However, the equity has declined substantially over the past year. Is the stock now a bargain, fairly priced, or still too expensive at current trading levels? An analysis on this Busted IPO follows. Seeking Alpha Company Overview: Nuvei Corporation is a payment technology solutions concern based in Montreal, Canada. The company provides a suite of payment solutions to support the life cycle of a transaction across mobile or in-app, online, unattended, and in-store channels to merchants and partners in North America, Europe and across the globe. The company offers a gambit of payment services and has expanded into new markets such as gaming and crypto. The company gets approximately 40% of its overall revenue from North America, with the rest coming from overseas. The shares currently trade around $32.00 a share and sport an approximate market capitalization of $4.5 billion. March Company Presentation Second Quarter Results: On August 9th, the company reported second quarter numbers. The company had a non-GAAP gain of 51 cents a share, a nickel above expectations. Revenues rose over 18% on a year-over-year basis to $211.3 million. That missed the consensus estimate by almost $9 million. However, it should be noted that second quarter revenue was impacted unfavorably by changes in foreign currency exchange rates by $9.4 million. Total payment volume increased 38% to $30.1 billion from $21.9 billion in the same period a year ago, with ecommerce making up 87% of that total. Free cash flow increased by 11% to $80.8 million from $73.0 million in 2Q2021. Finally, adjusted EBITDA increased 17% to $92.9 million from $79.4 million. Online gaming revenue rose 22% over the same period a year ago and now is at a $25 million annual run rate. A solid quarter. However, management significantly took down forward guidance (see below) which is what triggered the latest leg down for the shares. Three months ending September 30, Year ending December 31, 2022 2022 2022 Forward-looking Forward-looking Forward-looking Previous Revised (In U.S. dollars) $ $ $ Total volume(1) (in billions) 25 - 26 127 - 132 117 - 121 Revenue (in millions) 185 - 195 940 - 980 820 - 850 Revenue at constant currency (in millions) 195 - 205 N/A 855 - 885 Adjusted EBITDA(2) (in millions) 70 - 75 407 - 425 335 - 350 Growth Targets(4) There are several reasons for these slower growth expectations, which include: Lower volume in digital assets and cryptocurrencies than previously anticipated. Greater currency headwinds than previously expected from the stronger U.S. dollar. The potential impact from higher inflation and rising interest rates, which could increase pressure on consumer spending in the second half of the year. Analyst Commentary & Balance Sheet: The analyst community is currently mixed on Nuvei's prospects. Since its last earnings reports, five analyst firms including JPMorgan and Raymond James have reissued Buy ratings on the stock, albeit three with slight downward price target revisions. Three analyst firms, including Credit Suisse, have maintained Hold ratings on Nuvei. Price targets among the optimists are in the $41 to $83 range and the pessimists in the $37 to $45 a share range.
Seeking Alpha • Sep 06

Air Transat selects Nuvei to enhance payment process

Nuvei (NASDAQ:NVEI) has partnered with Air Transat, offers Air Transat customers a frictionless and intuitive payment experience. It also provides a revenue accelerating approval rate optimization and fraud management capability to the airline. Through this partnership, Air Transat has secured card acquiring capabilities with enhanced payment processing in 39 markets globally. Nuvei Chair and CEO Philip Fayer said: “We are seeing, time and time again that payments, when done right, are a formidable revenue accelerator for our customers, whether that’s through payment orchestration, customized solutions or offering the payment method consumers want.”
Seeking Alpha • Jul 19

Nuvei partners with Multi Wholesale Supplies to help it grow its global footprint

Nuvei| (NASDAQ:NVEI) has partnered with a top B2B retailer for medical equipment, Multi Wholesale Supplies to help expand the retailer’s global footprint and increase conversion with card processing, global card acquiring, and fraud management services.   Multi Wholesale Supplies is Prague-based and provides medical equipment to private offices, wholesalers, medical and dermatology clinics, medical spas and stores. Nuvei and Multi Wholesale Supplies are driving the medical supply industry forward, moving B2B merchants away from invoice billing to real time payments.  Multi Wholesale Supplies will leverage the company’s more than 550 alternative payment methods and local acquiring in 46 markets to facilitate seamless payments for medical professionals with payment methods of their choice.
Seeking Alpha • Jul 07

Nuvei teams up with GAN to offer payment solutions for gaming operators

Canadian-based Nuvei (NASDAQ:NVEI) on Thursday has partnered with GAN to offer its payment solutions to gaming operators through an integration with GAN's software-as-a-service gaming platform technology. GAN is a business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry. Through this partnership, players can deposit and request payouts instantly using Nuvei's (NVEI) cashier technology, including regional and alternative payment methods like Interac and digital wallets. The move followed the introduction of the regulated gaming market in Ontario, Canada earlier in 2022 and is now being extended to support operators across the U.S. and Canada, the release said. “Offering gaming operators a fully customizable payments platform, including local acquiring solutions and a full suite of payment methods through a single integration, is at the heart of our vision for the future of payments in both gaming and broader verticals," said Nuvei CEO and Chair Philip Fayer. Previously, (May 19) Nuvei partnered with Betsson to support online sportsbook launch in U.S.
Seeking Alpha • May 18

Nuvei: Impressive Growth Outlook Drives Favorable Risk/Reward

Nuvei continues to deliver best-in-class growth without sacrificing its margins. The updated guidance numbers signal more of the same in the coming years as Nuvei extends its "land and expand" playbook across new growth areas. The stock trades below its peers following the YTD selloff, offering investors many ways to win.
Seeking Alpha • Mar 02

Nuvei: A Hot Growth Stock With 50% Expected EBITDA Margin

My fundamental analysis shows that Nuvei is a company that grows at an excellent rate and is expected to keep doing so, both in margins and in revenue. Management made the right investments, which rewarded the company with high recent organic growth rates. The stock price however dropped more than 60% since its 52 week high, cutting its valuation significantly. In the forwarded valuation analysis, I conclude that the huge drop in Nuvei's stock price makes an investment worthy, compensating the investors well enough for its above-average risk-taking.
Seeking Alpha • Jan 06

Is Nuvei Stock A Buy, Sell, Or Hold For 2022?

NVEI’s breadth and depth of offerings give it an edge. NVEI’s growth trajectory is still intact although margin progression could stall in the near term. Given its earnings growth potential relative to its peers, NVEI appears to be attractively priced. NVEI has the cash-generation capacity and the balance sheet to fulfil its inorganic ambitions. The NVEI stock appears to have made a bottom and could work as a speculative buy for aggressive-minded investors.

CEO Compensation Analysis

How has Philip Fayer's remuneration changed compared to Nuvei's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$24m

Jun 30 2024n/an/a

-US$11m

Mar 31 2024n/an/a

-US$5m

Dec 31 2023US$13mUS$642k

-US$8m

Sep 30 2023n/an/a

-US$12m

Jun 30 2023n/an/a

US$20m

Mar 31 2023n/an/a

US$44m

Dec 31 2022US$16mUS$629k

US$57m

Sep 30 2022n/an/a

US$60m

Jun 30 2022n/an/a

US$75m

Mar 31 2022n/an/a

US$78m

Dec 31 2021US$112mUS$653k

US$102m

Sep 30 2021n/an/a

US$113m

Jun 30 2021n/an/a

US$8m

Mar 31 2021n/an/a

-US$17m

Dec 31 2020US$4mUS$462k

-US$106m

Compensation vs Market: Philip's total compensation ($USD12.85M) is above average for companies of similar size in the US market ($USD7.83M).

Compensation vs Earnings: Philip's compensation has been consistent with company performance over the past year.

CEO

Philip Fayer (46 yo)

7.8yrs
Tenure
US$12,846,207
Compensation

Mr. Philip Fayer serves as Chair and Chief Executive Officer at Nuvei Corporation and Nuvei Technologies Inc. since February 2018. He is the founder of Nuvei Corporation. Mr. Fayer serves as a Director of...

Leadership Team

NamePositionTenureCompensationOwnership
Philip Fayer
Founderno dataUS$12.85m19.71%
$ 949.3m
Yuval Ziv
President2.8yrsUS$1.63m0.026%
$ 1.2m
David Schwartz
Chief Financial Officer6yrsUS$1.20m0.32%
$ 15.4m
Kanwarpal Bindra
Chief Product & Operations Officer2yrsUS$11.16mno data
Caitlin Shetter
Chief People Officer1.5yrsUS$1.55m0.0064%
$ 308.2k
Gang Wang
Chief Technology Officerless than a yearno datano data
Max Attias
Chief Information Officerless than a yearUS$2.96mno data
Anthony Gerstein
VP & Head of Investor Relationsno datano datano data
Lindsay Matthews
General Counsel & Corporate Secretary3.8yrsno datano data
Neil Erlick
Chief Corporate Development Officer3.9yrsUS$2.73m0.0027%
$ 130.5k
Guillaume Conteville
Chief Marketing Officer3.1yrsno datano data
Edi Kadashev
Chief Information Officer of Digital Payments5yrsno datano data
2.9yrs
Average Tenure
47.5yo
Average Age

Experienced Management: NVEI's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Philip Fayer
Founder7.8yrsUS$12.85m19.71%
$ 949.3m
Pascal Tremblay
Independent Director7.8yrsUS$220.00kno data
Coretha Rushing
Independent Director1.3yrsUS$87.28kno data
Samir Zabaneh
Lead Independent Director2.7yrsUS$241.98k0.0041%
$ 195.5k
Daniela Mielke
Independent Director4.3yrsUS$243.49k0.012%
$ 581.2k
David Lewin
Independent Director7.2yrsUS$240.00kno data
Hwei Lau
Independent Director2.3yrsUS$229.14kno data
Timothy Dent
Independent Director2.3yrsUS$243.49kno data
3.5yrs
Average Tenure
56yo
Average Age

Experienced Board: NVEI's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/11/15 02:49
End of Day Share Price 2024/11/15 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nuvei Corporation is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John CoffeyBarclays
Jason KupferbergBofA Global Research
Joseph VafiCanaccord Genuity