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Priority Technology Holdings

Nasdaq:PRTH
Snowflake Description

Poor track record with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRTH
Nasdaq
$461M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Priority Technology Holdings, Inc. provides merchant acquiring and commercial payment solutions in the United States. The last earnings update was 126 days ago. More info.


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PRTH Share Price and Events
7 Day Returns
-5.9%
NasdaqCM:PRTH
2%
US IT
1.6%
US Market
1 Year Returns
-
NasdaqCM:PRTH
15.4%
US IT
3.2%
US Market
PRTH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Priority Technology Holdings (PRTH) -5.9% 6% -1.7% - - -
US IT 2% 4.7% 20.1% 15.4% 79.5% 95.3%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • No trading data on PRTH.
  • No trading data on PRTH.
Price Volatility
Industry
5yr Volatility vs Market

PRTH Value

 Is Priority Technology Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Priority Technology Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Priority Technology Holdings.

NasdaqCM:PRTH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:PRTH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (74.9%))
1.464
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.46
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.464 * 5.96%)
11.46%

Discounted Cash Flow Calculation for NasdaqCM:PRTH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Priority Technology Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:PRTH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.46%)
2019 12.35 Est @ -9.36% 11.08
2020 11.64 Est @ -5.74% 9.37
2021 11.27 Est @ -3.2% 8.14
2022 11.11 Est @ -1.42% 7.20
2023 11.09 Est @ -0.17% 6.45
2024 11.17 Est @ 0.7% 5.83
2025 11.31 Est @ 1.31% 5.29
2026 11.51 Est @ 1.73% 4.83
2027 11.74 Est @ 2.03% 4.42
2028 12.01 Est @ 2.24% 4.06
Present value of next 10 years cash flows $66.67
NasdaqCM:PRTH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $12.01 × (1 + 2.73%) ÷ (11.46% – 2.73%)
$141.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $141.35 ÷ (1 + 11.46%)10
$47.79
NasdaqCM:PRTH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $66.67 + $47.79
$114.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $114.46 / 67.04
$1.71
NasdaqCM:PRTH Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.71
Current discount Discount to share price of $6.87
= -1 x ($6.87 - $1.71) / $1.71
-302.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Priority Technology Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Priority Technology Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Priority Technology Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:PRTH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.12
NasdaqCM:PRTH Share Price ** NasdaqCM (2019-03-19) in USD $6.87
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.24x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Priority Technology Holdings.

NasdaqCM:PRTH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:PRTH Share Price ÷ EPS (both in USD)

= 6.87 ÷ -0.12

-57.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Priority Technology Holdings is loss making, we can't compare its value to the US IT industry average.
  • Priority Technology Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Priority Technology Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:PRTH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -57.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.42x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Priority Technology Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Priority Technology Holdings's assets?
Raw Data
NasdaqCM:PRTH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $-1.23
NasdaqCM:PRTH Share Price * NasdaqCM (2019-03-19) in USD $6.87
United States of America IT Industry PB Ratio Median Figure of 121 Publicly-Listed IT Companies 4.38x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqCM:PRTH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:PRTH Share Price ÷ Book Value per Share (both in USD)

= 6.87 ÷ -1.23

-5.59x

* Primary Listing of Priority Technology Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Priority Technology Holdings has negative assets, we can't compare the value of its assets to the US IT industry average.
X
Value checks
We assess Priority Technology Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Priority Technology Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRTH Future Performance

 How is Priority Technology Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Priority Technology Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.7%
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Priority Technology Holdings expected to grow at an attractive rate?
  • Unable to compare Priority Technology Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Priority Technology Holdings's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Priority Technology Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:PRTH Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:PRTH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:PRTH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqCM:PRTH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 444 33 -8
2018-06-30 451 38 -1
2018-03-31 448 45 2
2017-12-31 426 37 4
2016-12-31 344 22 20
2015-12-31 286 25 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Priority Technology Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Priority Technology Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:PRTH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Priority Technology Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:PRTH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqCM:PRTH Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.12
2018-06-30 -0.03
2018-03-31 0.48
2017-12-31 0.85
2016-12-31 2.01
2015-12-31 0.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Priority Technology Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PRTH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Priority Technology Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. Priority Technology Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Priority Technology Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Priority Technology Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRTH Past Performance

  How has Priority Technology Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Priority Technology Holdings's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Priority Technology Holdings does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Priority Technology Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Priority Technology Holdings's 1-year growth to the US IT industry average as it is not currently profitable.
Earnings and Revenue History
Priority Technology Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Priority Technology Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:PRTH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 443.92 -8.00 48.66
2018-06-30 451.27 -0.81 49.66
2018-03-31 448.12 2.36 45.27
2017-12-31 425.62 4.36 41.45
2016-12-31 344.11 20.09 40.12
2015-12-31 286.24 9.21 34.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Priority Technology Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Priority Technology Holdings used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • It is difficult to establish if Priority Technology Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Priority Technology Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Priority Technology Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRTH Health

 How is Priority Technology Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Priority Technology Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Priority Technology Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Priority Technology Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Priority Technology Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Priority Technology Holdings has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Priority Technology Holdings Company Filings, last reported 5 months ago.

NasdaqCM:PRTH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -82.39 344.98 17.20
2018-06-30 -169.41 344.03 12.65
2018-03-31 -162.07 343.14 18.31
2017-12-31 -90.16 275.52 27.97
2016-12-31 116.01 87.09 32.28
2015-12-31
  • Priority Technology Holdings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Priority Technology Holdings's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • Priority Technology Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Priority Technology Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Priority Technology Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRTH Dividends

 What is Priority Technology Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Priority Technology Holdings dividends.
If you bought $2,000 of Priority Technology Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Priority Technology Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Priority Technology Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:PRTH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:PRTH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Priority Technology Holdings has not reported any payouts.
  • Unable to verify if Priority Technology Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Priority Technology Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Priority Technology Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Priority Technology Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Priority Technology Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Priority Technology Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRTH Management

 What is the CEO of Priority Technology Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Priore
COMPENSATION $750,000
AGE 49
TENURE AS CEO 0.3 years
CEO Bio

Mr. Thomas C. Priore, also known as Tom is Executive Chairman and Founding Member of Priority Technology Holdings, Inc. since August 2005 and serves as its President and Chief Executive Officer since December 1, 2018. Mr. Priore is the President and CEO of ICP Securities LLC. Mr. Priore has seventeen years of structured credit investment and origination experience. Prior to founding ICP, Mr. Priore managed the Fixed Income and Structured Products Group at Guggenheim Capital Markets where he oversaw a team of thirty professionals focused on investing and underwriting Collateralized Debt Obligations, Collateralized Loan Obligations, Collateralized Mortgage Obligations and other Asset Backed Securities. He oversaw the origination in new issue and the proprietary trading efforts of the group. Before joining Guggenheim in 2000, Mr. Priore was a First Vice President at PaineWebber Inc. for eight years in the Fixed Income Sales and Trading department where he was responsible for originating the firm's first cash flow ABS backed CDO in 1998. Mr. Priore is a graduate of Harvard University with a B.A. in American History and holds an M.B.A. from Columbia University. He also holds Series 7, 63 and 24 licenses with the NASD.

CEO Compensation
  • Insufficient data for Tom to compare compensation growth.
  • Tom's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Priority Technology Holdings management team in years:

3.1
Average Tenure
47
Average Age
  • The tenure for the Priority Technology Holdings management team is about average.
Management Team

Tom Priore

TITLE
Executive Chairman
COMPENSATION
$750K
AGE
49
TENURE
0.3 yrs

Afshin Yazdian

TITLE
President of Core Acquiring
COMPENSATION
$653K
AGE
44
TENURE
4.8 yrs

Mike Vollkommer

TITLE
Principal Financial & Accounting Officer
AGE
59
TENURE
0.3 yrs

Tim Schneible

TITLE
Chief Operating Officer
AGE
45
TENURE
0.4 yrs

Sean Kiewiet

TITLE
Chief Technology Officer
AGE
45
TENURE
13.6 yrs

Christopher Prince

TITLE
General Counsel
AGE
44
TENURE
8.6 yrs

Jeff Stein

TITLE
Chief Marketing Officer

Mayrov Eagan

TITLE
Senior Vice President of Human Resources

Cindy O'Neill

TITLE
President of Commercial Payments
AGE
49
TENURE
2 yrs

David McMiller

TITLE
President of Commercial Business Services
AGE
62
TENURE
4.2 yrs
Board of Directors

Tom Priore

TITLE
Executive Chairman
COMPENSATION
$750K
AGE
49
TENURE
13.6 yrs

John Priore

TITLE
Vice-Chairman
COMPENSATION
$853K
AGE
55
TENURE
0.3 yrs

Marc Manuel

TITLE
Director
AGE
50

William Gahan

TITLE
Director
AGE
52

Matthew Kearney

TITLE
Director
AGE
57
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Priority Technology Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Priority Technology Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRTH News

Simply Wall St News

Does Priority Technology Holdings Inc's (NASDAQ:PRTH) PE Ratio Warrant A Buy?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Priority Technology Holdings Inc (NASDAQ:PRTH) trades with a trailing P/E of 22.7x, which is lower than the industry average of 25.3x. … While PRTH might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

PRTH Company Info

Description

Priority Technology Holdings, Inc. provides merchant acquiring and commercial payment solutions in the United States. It operates through two segments, Consumer Payments; and Commercial Payments and Managed Services. The company offers MX product suite, including MX ISO/Agent and VIMAS reseller technology systems, and MX Merchant products, which provide resellers and merchant clients a customizable set of business applications that enable to manage critical business work functions and revenue performance. It also provides CPX, a turnkey commercial payments platform comprising CPX Access, CPX Gateway, CPX Commercial Acceptance, and CPX Payments solutions that automate the AP payment process between buyers and suppliers to enhance financial rebates and automate payment of vendor payments. In addition, the company offers curated managed services and a suite of integrated automated payment solutions to various financial institutions and card networks. It serves small and mid-sized businesses, and enterprises, as well as distribution partners, including retail and wholesale independent sales organizations, financial institutions, and independent software vendors. The company was founded in 2005 and is headquartered in Alpharetta, Georgia.

Details
Name: Priority Technology Holdings, Inc.
PRTH
Exchange: NasdaqCM
Founded: 2005
$460,553,148
67,038,304
Website: http://www.prth.com
Address: Priority Technology Holdings, Inc.
2001 Westside Parkway,
Suite 155,
Alpharetta,
Georgia, 30004,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM PRTH Common Stock Nasdaq Capital Market US USD 27. Jul 2018
OTCPK PRTH.U UNITS(1 COM & 1 WT EXP) Pink Sheets LLC US USD 30. Jul 2018
Number of employees
Current staff
Staff numbers
553
Priority Technology Holdings employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:48
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2018/05/25
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.