Priority Technology Holdings Valuation

Q: What is the Fair Price of PRTH.U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PRTH.U ($7.5) is trading above our estimate of [[fair value]] ($6.69)

Is PRTH.U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PRTH.U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRTH.U ($7.5) is trading above our estimate of fair value ($6.69)

Significantly Below Fair Value: PRTH.U is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRTH.U?

Key metric: As PRTH.U is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PRTH.U. This is calculated by dividing PRTH.U's market cap by their current revenue.
What is PRTH.U's PS Ratio?
PS Ratio	0.7x
Sales	US$851.91m
Market Cap	US$616.56m

PRTH.U key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.8x
Enterprise Value/EBITDA	8.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PRTH.U's PS Ratio compare to its peers?

The above table shows the PS ratio for PRTH.U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.9x
CASS Cass Information Systems	2.7x	2.6%	US$603.8m
IMXI International Money Express	1x	2.4%	US$649.0m
CTLP Cantaloupe	2.3x	15.1%	US$636.4m
IIIV i3 Verticals	1.6x	-7.3%	US$838.6m
PRTH.U Priority Technology Holdings	0.7x	9.9%	US$616.6m

Price-To-Sales vs Peers: PRTH.U is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does PRTH.U's PS Ratio compare vs other companies in the US Diversified Financial Industry?

16 Companies	Price / Sales	Estimated Growth	Market Cap
RKT Rocket Companies	0.5x	23.3%	US$27.13b
FMCC Federal Home Loan Mortgage	0.4x	-2.9%	US$9.66b
UWMC UWM Holdings	0.3x	10.6%	US$9.32b
NATL NCR Atleos	0.5x	2.5%	US$2.13b

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PRTH.U is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Diversified Financial industry average (2.7x).

Price to Sales Ratio vs Fair Ratio

What is PRTH.U's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRTH.U PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PRTH.U's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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