Flywire Corporation

FLYW US

FLYW USFlywire Corporation

United States Composite

16.26

USD

-0.25

(-1.51%)

-0.09EPS Dil.

-180.67P/E

2.02BMarket Cap

Profitability	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-5.39	-6.14	-5.99	-0.98
Return on Capital (%)	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -
Gross Margin (%)	61.31	63.72	65.1	62.7	63.45
EBITDA Margin (%)	-14.46	-6.85	-2.12	-6.19	-1.43
Operating Margin (%)	-18.39	-12	-6.59	-10.44	-5.34
Incremental Operating Margin (%)	- -	- -	- -	- -	- -
Pretax Margin (%)	-20.61	-13.87	-12.89	-12.91	-1.08
Profit Margin (%)	-21.19	-8.43	-13.9	-13.6	-2.13
Net Income to Common Margin (%)	-21.19	-8.43	-13.9	-13.6	-2.13
Effective Tax Rate (%)	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -

Credit	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	25	24	26	2	1
ST Debt	4	- -	- -	2	1
LT Debt	21	24	26	- -	- -
Total Debt/EBITDA	-1.79	-2.7	-6.09	-0.1	-0.25
Net Debt/EBITDA	4.47	8.83	84.39	19.49	113.77
Total Debt/EBIT	-1.41	-1.54	-1.96	-0.06	-0.07
Net Debt/EBIT	3.52	5.04	27.11	11.55	30.42
EBITDA to Interest Expense	-5.58	-3.56	-2.11	-14.79	-15.47
EBITDA-CapEx/Interest Expense	-7.11	-4.41	-5.41	-20.65	-31.63
EBIT to Interest Expense	-7.1	-6.24	-6.56	-24.95	-57.84
Interest Expense	2	3	2	1	- -
Common Equity/Total Assets	-61.46	-36.02	-19.65	-24.5	-16.09
Long-Term Debt/Equity (%)	- -	- -	5.38	- -	- -
Long-Term Debt/Capital (%)	-33.43	-33.17	-26	- -	- -
Long-Term Debt/Total Assets (%)	14.71	8.97	4.06	- -	- -
Total Debt/Equity (%)	-32.72	-29.78	5.38	0.37	0.19
Total Debt/Capital (%)	-39.71	-33.17	-26	-1.11	-0.85
Total Debt/Total Assets (%)	17.47	8.97	4.06	0.27	0.14
Net Debt to Equity	81.56	97.48	-74.52	-72.46	-83.27
Net Debt/Capital (%)	41.47	44.91	74.09	68.12	79.16
EBITDA	-14	-9	-4	-18	-6
EBITDA-CapEx	-17	-11	-11	-25	-12
Operating Income (Loss)	-17	-16	-13	-30	-22

Liquidity	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	1.04	1.18	3.27	1.97	2.39
Current Ratio	1.31	1.68	3.76	2.54	2.98
Quick Ratio	1.27	1.58	3.65	2.43	2.91
CFO/Avg Current Liab	- -	-0.17	0.17	0.03	0.36
Common Equity/Total Assets	-61.46	-36.02	-19.65	-24.5	-16.09
Long-Term Debt/Equity (%)	- -	- -	5.38	- -	- -
Long-Term Debt/Capital (%)	-33.43	-33.17	-26	- -	- -
Long-Term Debt/Total Assets (%)	14.71	8.97	4.06	- -	- -
Total Debt/Equity (%)	-32.72	-29.78	5.38	0.37	0.19
Total Debt/Capital (%)	-39.71	-33.17	-26	-1.11	-0.85
Total Debt/Total Assets (%)	17.47	8.97	4.06	0.27	0.14
CFO/Total Liabilities	1.88	-4.03	10.89	2.54	27.46
CFO/CapEx	1.09	-6.64	2.56	0.69	13.41
Altman's Z-Score	-0.47	0.09	16.12	8.51	6.81

Working Capital	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	19.86	16.39	21.7	25.26
Days Sales Outstanding	- -	18.38	22.27	16.82	14.45
Inventory Turnover	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	11.47	8.95	9.16	11.37
Accounts Payable Turnover Days	- -	31.83	40.79	39.87	32.1
Cash Conversion Cycle	- -	-13.45	-18.53	-23.05	-17.65
Inventory to Cash Days	- -	18.38	22.27	16.82	14.45
Inventories	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -

Enterprise Value	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	4,015	2,538	2,907
- Cash & Cash Equivalents	86	104	385	349	655
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
+ Total Debt	25	24	26	2	1
Enterprise Value	-61	-80	3,656	2,191	2,254
Total Capital	-62	-73	-100	-163	-172
Total Debt/Capital (%)	-39.71	-33.17	-26	-1.11	-0.85
Total Debt / EV	-0.4	-0.31	0.01	- -	- -
EV/Sales	- -	- -	18.17	7.57	5.59
EV/EBITDA	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	189.31	355.87	27.71
EV/Free Cash Flow to Firm	- -	- -	140.63	165.36	25.8
Diluted Market Cap	- -	- -	2,684	2,505	2,724
Diluted Enterprise Value	-61	-80	2,325	2,158	2,071
EV per Share	- -	- -	34.34	20.03	18.39
TTM Sales	95	132	201	289	403
TTM EBITDA	-14	-9	-4	-18	-6
TTM Operating Income	-17	-16	-13	-30	-22
TTM Cash Flow to Firm	7	-13	19	6	81
TTM Free Cash Flow to Firm	10	-11	26	13	87

Multiples	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-100.96	-66.58	-380.18
Price/Earnings High	- -	- -	-134.68	-101.58	-456.18
Price/Earnings Low	- -	- -	-71.55	-41.81	-262.61
Price/Book Value	- -	- -	-31.94	-15.36	-16.73
Price/Book Value Average	- -	- -	-33.58	-16.07	-20.01
Price/Book Value High	- -	- -	-44.8	-24.51	-24
Price/Book Value Low	- -	- -	-23.8	-10.09	-13.82
Price/Tangible Book Value	- -	- -	13.26	8.86	5.23
Price/Tangible Book Value Average	- -	- -	13.94	9.26	6.25
Price/Tangible Book Value High	- -	- -	18.59	14.13	7.5
Price/Tangible Book Value Low	- -	- -	9.88	5.82	4.32
Price/Sales	- -	- -	13.35	8.66	6.76
Price/Sales Average	- -	- -	14.03	9.05	8.08
Price/Sales High	- -	- -	18.72	13.81	9.69
Price/Sales Low	- -	- -	9.95	5.68	5.58
Price/Cash Flow	- -	- -	156.7	513.36	33.78
Price/Cash Flow Average	- -	- -	164.77	536.87	40.39
Price/Cash Flow High	- -	- -	219.81	819.03	48.47
Price/Cash Flow Low	- -	- -	116.78	337.08	27.9
Price/Free Cash Flow	- -	- -	112.72	209.25	31.44
Price/Free Cash Flow Average	- -	- -	118.53	218.84	37.59
Price/Free Cash Flow High	- -	- -	158.11	333.85	45.1
Price/Free Cash Flow Low	- -	- -	84	137.4	25.96
EV/Sales	- -	- -	18.17	7.57	5.59
EV/Sales Average	- -	- -	19.2	7.97	7
EV/Sales High	- -	- -	26.21	12.79	8.73
EV/Sales Low	- -	- -	13.09	4.56	4.34
EV/EBITDA	- -	- -	- -	- -	- -
EV/EBITDA Average	4.47	8.83	-906.88	-128.75	-490.61
EV/EBITDA High	4.47	8.83	-1,237.96	-206.61	-611.37
EV/EBITDA Low	4.47	8.83	-618.15	-73.62	-303.78
EV/EBIT	- -	- -	- -	- -	- -
EV/EBIT Average	3.52	5.04	-291.35	-76.33	-131.19
EV/EBIT High	3.52	5.04	-397.71	-122.49	-163.48
EV/EBIT Low	3.52	5.04	-198.59	-43.65	-81.23
Last Price	- -	- -	37.72	23.21	23.72
High Price	- -	- -	52.91	37.03	34.03
Low Price	- -	- -	28.11	15.24	19.59
Enterprise Value	-61	-80	3,656	2,191	2,254
Enterprise Value Average	-61	-80	3,862	2,307	2,823
Enterprise Value High	-61	-80	5,272	3,702	3,518
Enterprise Value Low	-61	-80	2,633	1,319	1,748

Per Share Data Items	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	89	100	106	109	123
Diluted Weighted Avg Shares	89	89	71	108	115
Basic Weighted Avg Shares	89	89	71	108	115
Revenue per Share	1.07	1.48	2.83	2.68	3.51
EBITDA per Share	-0.15	-0.1	-0.06	-0.17	-0.05
Operating Income per Share	-0.2	-0.18	-0.19	-0.28	-0.19
Basic EPS, GAAP	-0.23	-0.12	-0.39	-0.36	-0.07
Basic EPS from Cont Ops	-0.23	-0.12	-0.39	-0.36	-0.07
Diluted EPS, GAAP	-0.23	-0.12	-0.39	-0.36	-0.07
Diluted EPS from Cont Ops	-0.23	-0.12	-0.39	-0.36	-0.07
Dividend per Share	- -	- -	- -	- -	- -
Cash Flow per Share	0.05	-0.16	0.24	0.05	0.7
Free Cash Flow per Basic Share	- -	-0.18	0.15	-0.02	0.65
Cash & Equivalents per Share	0.97	1.04	3.62	3.19	5.34
Book Value per Share	-0.97	-0.98	-1.18	-1.51	-1.42
Tangible Book Value per Share	-1.15	-1.95	2.85	2.62	4.54

Profitability	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-5.39	-6.14	-5.99	-0.98
Return on Capital (%)	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -
Gross Margin (%)	61.31	63.72	65.1	62.7	63.45
EBITDA Margin (%)	-14.46	-6.85	-2.12	-6.19	-1.43
Operating Margin (%)	-18.39	-12	-6.59	-10.44	-5.34
Incremental Operating Margin (%)	- -	- -	- -	- -	- -
Pretax Margin (%)	-20.61	-13.87	-12.89	-12.91	-1.08
Profit Margin (%)	-21.19	-8.43	-13.9	-13.6	-2.13
Net Income to Common Margin (%)	-21.19	-8.43	-13.9	-13.6	-2.13
Effective Tax Rate (%)	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -

Credit	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	25	24	26	2	1
ST Debt	4	- -	- -	2	1
LT Debt	21	24	26	- -	- -
Total Debt/EBITDA	-1.79	-2.7	-6.09	-0.1	-0.25
Net Debt/EBITDA	4.47	8.83	84.39	19.49	113.77
Total Debt/EBIT	-1.41	-1.54	-1.96	-0.06	-0.07
Net Debt/EBIT	3.52	5.04	27.11	11.55	30.42
EBITDA to Interest Expense	-5.58	-3.56	-2.11	-14.79	-15.47
EBITDA-CapEx/Interest Expense	-7.11	-4.41	-5.41	-20.65	-31.63
EBIT to Interest Expense	-7.1	-6.24	-6.56	-24.95	-57.84
Interest Expense	2	3	2	1	- -
Common Equity/Total Assets	-61.46	-36.02	-19.65	-24.5	-16.09
Long-Term Debt/Equity (%)	- -	- -	5.38	- -	- -
Long-Term Debt/Capital (%)	-33.43	-33.17	-26	- -	- -
Long-Term Debt/Total Assets (%)	14.71	8.97	4.06	- -	- -
Total Debt/Equity (%)	-32.72	-29.78	5.38	0.37	0.19
Total Debt/Capital (%)	-39.71	-33.17	-26	-1.11	-0.85
Total Debt/Total Assets (%)	17.47	8.97	4.06	0.27	0.14
Net Debt to Equity	81.56	97.48	-74.52	-72.46	-83.27
Net Debt/Capital (%)	41.47	44.91	74.09	68.12	79.16
EBITDA	-14	-9	-4	-18	-6
EBITDA-CapEx	-17	-11	-11	-25	-12
Operating Income (Loss)	-17	-16	-13	-30	-22

Liquidity	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	1.04	1.18	3.27	1.97	2.39
Current Ratio	1.31	1.68	3.76	2.54	2.98
Quick Ratio	1.27	1.58	3.65	2.43	2.91
CFO/Avg Current Liab	- -	-0.17	0.17	0.03	0.36
Common Equity/Total Assets	-61.46	-36.02	-19.65	-24.5	-16.09
Long-Term Debt/Equity (%)	- -	- -	5.38	- -	- -
Long-Term Debt/Capital (%)	-33.43	-33.17	-26	- -	- -
Long-Term Debt/Total Assets (%)	14.71	8.97	4.06	- -	- -
Total Debt/Equity (%)	-32.72	-29.78	5.38	0.37	0.19
Total Debt/Capital (%)	-39.71	-33.17	-26	-1.11	-0.85
Total Debt/Total Assets (%)	17.47	8.97	4.06	0.27	0.14
CFO/Total Liabilities	1.88	-4.03	10.89	2.54	27.46
CFO/CapEx	1.09	-6.64	2.56	0.69	13.41
Altman's Z-Score	-0.47	0.09	16.12	8.51	6.81

Working Capital	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	19.86	16.39	21.7	25.26
Days Sales Outstanding	- -	18.38	22.27	16.82	14.45
Inventory Turnover	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	11.47	8.95	9.16	11.37
Accounts Payable Turnover Days	- -	31.83	40.79	39.87	32.1
Cash Conversion Cycle	- -	-13.45	-18.53	-23.05	-17.65
Inventory to Cash Days	- -	18.38	22.27	16.82	14.45
Inventories	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -

Enterprise Value	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	4,015	2,538	2,907
- Cash & Cash Equivalents	86	104	385	349	655
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
+ Total Debt	25	24	26	2	1
Enterprise Value	-61	-80	3,656	2,191	2,254
Total Capital	-62	-73	-100	-163	-172
Total Debt/Capital (%)	-39.71	-33.17	-26	-1.11	-0.85
Total Debt / EV	-0.4	-0.31	0.01	- -	- -
EV/Sales	- -	- -	18.17	7.57	5.59
EV/EBITDA	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	189.31	355.87	27.71
EV/Free Cash Flow to Firm	- -	- -	140.63	165.36	25.8
Diluted Market Cap	- -	- -	2,684	2,505	2,724
Diluted Enterprise Value	-61	-80	2,325	2,158	2,071
EV per Share	- -	- -	34.34	20.03	18.39
TTM Sales	95	132	201	289	403
TTM EBITDA	-14	-9	-4	-18	-6
TTM Operating Income	-17	-16	-13	-30	-22
TTM Cash Flow to Firm	7	-13	19	6	81
TTM Free Cash Flow to Firm	10	-11	26	13	87

Multiples	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-100.96	-66.58	-380.18
Price/Earnings High	- -	- -	-134.68	-101.58	-456.18
Price/Earnings Low	- -	- -	-71.55	-41.81	-262.61
Price/Book Value	- -	- -	-31.94	-15.36	-16.73
Price/Book Value Average	- -	- -	-33.58	-16.07	-20.01
Price/Book Value High	- -	- -	-44.8	-24.51	-24
Price/Book Value Low	- -	- -	-23.8	-10.09	-13.82
Price/Tangible Book Value	- -	- -	13.26	8.86	5.23
Price/Tangible Book Value Average	- -	- -	13.94	9.26	6.25
Price/Tangible Book Value High	- -	- -	18.59	14.13	7.5
Price/Tangible Book Value Low	- -	- -	9.88	5.82	4.32
Price/Sales	- -	- -	13.35	8.66	6.76
Price/Sales Average	- -	- -	14.03	9.05	8.08
Price/Sales High	- -	- -	18.72	13.81	9.69
Price/Sales Low	- -	- -	9.95	5.68	5.58
Price/Cash Flow	- -	- -	156.7	513.36	33.78
Price/Cash Flow Average	- -	- -	164.77	536.87	40.39
Price/Cash Flow High	- -	- -	219.81	819.03	48.47
Price/Cash Flow Low	- -	- -	116.78	337.08	27.9
Price/Free Cash Flow	- -	- -	112.72	209.25	31.44
Price/Free Cash Flow Average	- -	- -	118.53	218.84	37.59
Price/Free Cash Flow High	- -	- -	158.11	333.85	45.1
Price/Free Cash Flow Low	- -	- -	84	137.4	25.96
EV/Sales	- -	- -	18.17	7.57	5.59
EV/Sales Average	- -	- -	19.2	7.97	7
EV/Sales High	- -	- -	26.21	12.79	8.73
EV/Sales Low	- -	- -	13.09	4.56	4.34
EV/EBITDA	- -	- -	- -	- -	- -
EV/EBITDA Average	4.47	8.83	-906.88	-128.75	-490.61
EV/EBITDA High	4.47	8.83	-1,237.96	-206.61	-611.37
EV/EBITDA Low	4.47	8.83	-618.15	-73.62	-303.78
EV/EBIT	- -	- -	- -	- -	- -
EV/EBIT Average	3.52	5.04	-291.35	-76.33	-131.19
EV/EBIT High	3.52	5.04	-397.71	-122.49	-163.48
EV/EBIT Low	3.52	5.04	-198.59	-43.65	-81.23
Last Price	- -	- -	37.72	23.21	23.72
High Price	- -	- -	52.91	37.03	34.03
Low Price	- -	- -	28.11	15.24	19.59
Enterprise Value	-61	-80	3,656	2,191	2,254
Enterprise Value Average	-61	-80	3,862	2,307	2,823
Enterprise Value High	-61	-80	5,272	3,702	3,518
Enterprise Value Low	-61	-80	2,633	1,319	1,748

Per Share Data Items	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	89	100	106	109	123
Diluted Weighted Avg Shares	89	89	71	108	115
Basic Weighted Avg Shares	89	89	71	108	115
Revenue per Share	1.07	1.48	2.83	2.68	3.51
EBITDA per Share	-0.15	-0.1	-0.06	-0.17	-0.05
Operating Income per Share	-0.2	-0.18	-0.19	-0.28	-0.19
Basic EPS, GAAP	-0.23	-0.12	-0.39	-0.36	-0.07
Basic EPS from Cont Ops	-0.23	-0.12	-0.39	-0.36	-0.07
Diluted EPS, GAAP	-0.23	-0.12	-0.39	-0.36	-0.07
Diluted EPS from Cont Ops	-0.23	-0.12	-0.39	-0.36	-0.07
Dividend per Share	- -	- -	- -	- -	- -
Cash Flow per Share	0.05	-0.16	0.24	0.05	0.7
Free Cash Flow per Basic Share	- -	-0.18	0.15	-0.02	0.65
Cash & Equivalents per Share	0.97	1.04	3.62	3.19	5.34
Book Value per Share	-0.97	-0.98	-1.18	-1.51	-1.42
Tangible Book Value per Share	-1.15	-1.95	2.85	2.62	4.54