EEFT — Euronet Worldwide, Inc.
Snapshot dated August 27, 2026.
Euronet Worldwide, Inc. operates a global network of electronic payment solutions, primarily focusing on financial transaction processing. The company organizes its operations into three main segments: Electronic Fund Transfer (EFT), which includes its extensive ATM and POS terminal network; epay, a digital distribution network for prepaid products and payment services; and Money Transfer, facilitating global cross-border remittances under the Ria and XE brands. Euronet serves customers ranging from individual consumers sending remittances to financial institutions and retailers that outsource their ATM operations or seek digital payment integration. With operations spanning over 170 countries, the company manages hundreds of thousands of ATM and POS terminals globally. As a major processor of electronic payments, Euronet competes with both traditional retail banks and specialized digital-first payment providers. Recently, the company has focused on expanding its digital payment ecosystem and optimizing its cross-border money transfer network to capture increasing volumes of digital transactions.
Fair Value / Share
$53.56
Price on August 27, 2026
$68.49
Margin of Safety
-21.8%
Data by Equibles and SEC filings. Figures are as of August 27, 2026 and are not live.
Earnings Yield
Earnings Yield shows how much profit a company generates relative to its share price. EPS ÷ Stock Price.
Stock Price
$68.49
Market Cap
$3,162,670,469
Net Income (TTM)
$288,400,000
Diluted Shares
46.2 million
EPS (TTM)
$6.25
Earnings Yield
9.12%
AI Analysis
Euronet Worldwide, Inc. currently shows an earnings yield of 9.12%, derived from an EPS of $6.25 and a stock price of $68.49. This figure sits above the 4-5% return threshold offered by safe, guaranteed investment alternatives. A yield at this level mechanically implies that for every dollar of the company's current earnings, a smaller price is being paid compared to assets yielding only 4-5%. This calculation reflects the current market price’s relationship to trailing earnings, meaning the yield would increase if the share price were to decrease, or if the EPS were to grow while the price remained steady. This single measure does not capture future earnings volatility, debt obligations, or the capital expenditures necessary to maintain the company's payment infrastructure.
Return on Capital
EBIT ÷ (Net Working Capital + Net Fixed Assets) — how efficiently the business turns capital into profit.
EBIT (TTM)
$505,100,000
Net Working Capital
$800,900,000
Net Fixed Assets
$371,800,000
Invested Capital
$1,172,700,000
Return on Capital
43.07%
AI Analysis
Euronet Worldwide (EEFT) demonstrates a return on capital of 43.07%. This figure is calculated by taking $505.1M of EBIT and dividing it by $1.2B in invested capital, which consists of the company's net working capital and net fixed assets. This result sits above the 30% threshold used to measure highly efficient capital use, indicating that the business generates profit relative to the tangible capital required for its operations. This measure would change if the company's operating efficiency shifts or if the capital intensity of its business model increases. It is important to note that this calculation does not include intangible assets or account for variations in capital needs caused by different growth stages, such as when a company intentionally reinvests heavily to expand its market presence.
Acquirer's Multiple
Enterprise Value ÷ Operating Earnings — how many years of operating earnings it would take to buy the whole business.
| Company | Operating earnings | Enterprise value | Multiple |
|---|---|---|---|
| WUWestern Union CO | $642.3M | $3.9B | 6.0x |
| EEFTEuronet Worldwide, Inc. | $505.1M | $4.6B | 9.2x |
| FISFidelity National Information Services, Inc. | $1.9B | $41.4B | 21.6x |
Where EEFT sits: 9.2x against a peer median of 13.8x (peers: 6.0x and 21.6x) — 33.5% below the median.
Show the enterprise value bridge for each companyHide the enterprise value bridge
EEFT
Debt $2.7B. This is the company's reported total debt — borrowings due within a year plus long-term borrowings. It carries no separately reported lease obligations.
WU
Named as a competitor: Competes directly in global cross-border money transfer and remittance services
Debt $2.5B. This is the company's reported total debt — borrowings due within a year plus long-term borrowings. It carries no separately reported lease obligations.
FIS
Named as a competitor: Competes in electronic payment processing, ATM management, and financial software solutions
Debt $21.2B. This is the company's reported total debt — borrowings due within a year plus long-term borrowings. It carries no separately reported lease obligations.
Operating earnings — EEFT
AI Analysis
Euronet Worldwide, Inc. (EEFT) has an Acquirer's Multiple of 9.2x, derived from an enterprise value of $4.6B and operating earnings of $505.1M. Among the peer group, Western Union (WU) reports an enterprise value of $3.9B and operating earnings of $642.3M, resulting in a 6.0x multiple, which is the lowest. Fidelity National Information Services (FIS) reports an enterprise value of $41.4B and operating earnings of $1.9B, resulting in a 21.6x multiple, which is the highest. EEFT’s multiple is 33.5% below the median of 13.8x. This measure uses operating earnings to assess the purchase price of core operations, but it does not account for differences in capital structure or distinct business models, such as varying levels of leverage or capital intensity. The gap between these companies would likely narrow if the underlying businesses shifted their operating margins or if their capital structures aligned more closely.
FS-Score
A 10-check read on financial health, across profitability, balance-sheet stability and operating momentum.
FS-Score
6/10
Decent score — worth a deeper look before investing.
Section 1
Current Profitability
3/3
Profitability is Strong, as the company passed all three checks by generating positive net income and free cash flow relative to its assets, with cash flow from operations significantly exceeding accounting profit.
- ROA of 4.77% confirms the company is currently profitable.
- FCFTA of 6.69% indicates the business is generating positive free cash flow relative to its asset base.
- An accruals ratio of 1.81 shows that cash flow from operations is 1.81x higher than net income, suggesting high-quality earnings.
This score indicates the company is self-funding its operations today, though a decrease in the ROA or FCFTA figures to below zero would immediately lower this result.
Return on Assets (ROA > 0)
PassFree Cash Flow to Total Assets (FCFTA > 0)
PassAccruals (CFO / Net Income > 1)
PassSection 2
Stability
2/3
The stability score is Mixed, reflecting a reduced debt burden and a lower share count, offset by a decrease in the current ratio.
- Leverage decreased from 0.19 to 0.16, showing a lower ratio of long-term debt to total assets.
- The current ratio fell from 1.25 to 1.11, resulting in a failed liquidity check.
- Net dilution was avoided as the annual weighted-average diluted share count decreased from 48.1 million shares to 45.8 million shares.
The score reflects a healthier balance sheet in terms of debt and equity, but would improve further if current assets began growing faster than current liabilities.
Change in Leverage (↓ or unchanged)
PassChange in Liquidity (↑ Current Ratio)
FailNet Dilution (annual diluted weighted-average shares, this year vs last)
PassSection 3
Recent Operational Improvements
1/4
Operational improvements are Weak, with the company failing three out of four checks due to year-over-year declines in efficiency and profitability ratios.
- ROA declined from 5.24% to 4.77%, indicating lower profitability per dollar of assets.
- FCFTA fell from 10.55% to 6.69%, showing a reduction in free cash flow generation efficiency.
- Gross margin improved from 40.11% to 41.32%, the only operational area to show a year-over-year gain.
- Asset turnover dropped from 0.68 to 0.65, suggesting the business is generating less revenue for every dollar of assets owned.
For this section to move out of the weak category, the company would need to reverse the downward trend in its asset turnover and ROA figures.
Change in ROA (↑)
FailChange in FCFTA (↑)
FailChange in Gross Margin (↑)
PassChange in Asset Turnover (↑)
FailFramework conclusion
The total FS-Score of 6/10 indicates a solid but mixed financial profile where current profitability is strong, but operational momentum is slowing. While the company is generating real cash and reducing its debt and share count, the year-over-year declines in ROA, FCFTA, and asset turnover suggest the business is not currently becoming more efficient. This score helps determine if a low price reflects a temporary period of slower growth or a more fundamental deterioration of the balance sheet.
- A 6/10 total score places the company in the mid-range of financial stability.
- Gross margin improved to 41.32%, providing the only point in the operational category.
- The accruals ratio of 1.81 signals that earnings are well-supported by cash flow from operations.
- The current ratio declined to 1.11, which weighs on the stability pillar.
Intrinsic Value (DCF)
A 10-year discounted cash flow, then the bridge from business value to value per share.
Reported cash flow → unlevered free cash flow
Free Cash Flow (reported)
$268.9M
+ After-Tax Interest Expense
$45.2M
= Unlevered Free Cash Flow
$314.1M
Business value (10-year DCF)
PV of Years 1–10
$2.1B
PV of Terminal Value
$1.8B
= Business Value
$3.9B
Business value → share value
Intrinsic Value (business)
$3.9B
+ Cash & Equivalents
$1.2B
− Debt
$2.7B
= Shareholders' Value
$2.5B
÷ Diluted Shares
46.2 million
= Fair Value / Share
$53.56
Divided by 46.2 million diluted shares — the weighted-average diluted count from the most recent quarterly income statement, for the quarter ended 2026-06-30.
Risk bucket → discount rate
mid (12%)
Year-1 FCF
$314.1M
Growth rate (yrs 1–10)
5%
Terminal growth (after yr 10)
3%
AI Analysis
Euronet Worldwide’s valuation utilizes a mid-risk discount rate of 12%, accounting for the company’s specific exposure to foreign exchange volatility, shifting global travel patterns, and heightened competition within the payments sector. The growth rate for the first decade is set at 5.00%, a conservative projection reflecting the company's historical cash flow volatility. The calculation begins with a fixed Year-1 unlevered free cash flow of $314.1M. Beyond the initial ten-year horizon, the model applies a fixed 3% terminal growth rate, intended to approximate long-term economic expansion rather than company-specific performance. This terminal value accounts for 45.7% of the total business value, highlighting that a substantial portion of the estimate rests on assumptions about the distant future. To arrive at the fair value per share of $53.56, the model aggregates the present value of the next decade's cash flows ($2.1B) and the present value of the terminal value ($1.8B), adds cash of $1.2B, and subtracts total debt of $2.7B before dividing by 46.2 million shares. When measured against the current price of $68.49, this results in a margin of safety of -21.80%, indicating the current market price exceeds the estimate derived from these inputs. The final valuation is most sensitive to the 5.00% growth assumption, as small deviations in this rate over the next decade create the largest variance in the present value of future cash flows.
Overall Verdict
How the five signals above stack up together, then the full synthesis.
Earnings Yield
9.12% vs ~4-5% bond-yield benchmark
Return on Capital
43.07% ROC vs ~30% benchmark
Acquirer's Multiple
9.2x against a peer median of 13.8x (peers: 6.0x and 21.6x) — 33.5% below the median.
FS-Score
6/10 — Solid but mixed
Intrinsic Value
-21.8% margin of safety
The framework presents a distinct contrast between the company's operating efficiency and its current market pricing. Euronet Worldwide demonstrates robust operational strength, evidenced by an Earnings Yield of 9.12% and a Return on Capital of 43.07%, both of which exceed their respective benchmarks. The Acquirer's Multiple of 9.2x, sitting 33.5% below the peer median, suggests that relative to historical acquisition pricing for similar businesses, the enterprise value appears lower than the typical industry standard. However, this efficiency is balanced against a mixed FS-Score of 6/10 and an Intrinsic Value check showing a -21.8% margin of safety. This divergence indicates that while the business generates returns effectively, the current stock price exceeds the estimated intrinsic value calculated by the model. A shift in the intrinsic value margin of safety would most significantly alter this assessment, as it would bridge the gap between the company's strong operational output and its current pricing relative to the model's projections.