Despite the Brexit headwinds, FairFX Group nearly doubled its revenues YoY (from £6.1m in H1/17 to £12.0m in H1/18) and adjusted EBITDA leapt from £0.2m to £2.7m as banking and forex expansions and operating efficiency improvements all kicked in. Management is confident in meeting market expectations for the full-year. With over 1 million customers now, the group has grown into a fully-fledged, high-quality forex/banking services provider – and current valuations reflect only a fraction of its p ....


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Cenkos: FairFX Group Plc - Strong growth, tiny PEGs
- Published:
26 Sep 2018 -
Author:
Cavendish Research -
Pages:
6 -
Despite the Brexit headwinds, FairFX Group nearly doubled its revenues YoY (from £6.1m in H1/17 to £12.0m in H1/18) and adjusted EBITDA leapt from £0.2m to £2.7m as banking and forex expansions and operating efficiency improvements all kicked in. Management is confident in meeting market expectations for the full-year. With over 1 million customers now, the group has grown into a fully-fledged, high-quality forex/banking services provider – and current valuations reflect only a fraction of its p ....