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FOUR - Shift4 Payments, Inc.

NYSE -> Technology -> Software—Infrastructure
Allentown, United States
Type: Equity

FOUR price evolution
FOUR
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $539.4 $783.3 $725.3 $817.9
Short term investments
Net receivables $256.8 $232.1 $228.7 $209.3
Inventory $3.4 $2.5 $2.8 $4.3
Total current assets $1153.3 $1038.6 $973.3 $1049
Long term investments $62.2 $58.6 $56 $56
Property, plant & equipment $174.5 $160.5 $148.5 $133.9
Goodwill & intangible assets $1711.8 $1128.2 $1133.4 $1082.6
Total noncurrent assets $2234.5 $1611.3 $1617.3 $1565.9
Total investments $62.2 $58.6 $56 $56
Total assets $3387.8 $2649.9 $2590.6 $2614.9
Current liabilities
Accounts payable $204.6 $181.3 $189.3 $173.8
Deferred revenue $20.6 $14.9 $15.8 $21
Short long term debt $7.8 $6.7 $6.1 $5.8
Total current liabilities $704.4 $313 $300.4 $283.1
Long term debt $1769 $1766.9 $1764.5 $1762.8
Total noncurrent liabilities $1815 $1795.9 $1811 $1805.4
Total debt $1776.8 $1773.6 $1770.6 $1768.6
Total liabilities $2519.4 $2108.9 $2111.4 $2088.5
Shareholders' equity
Retained earnings -$346.7 -$355 -$387.6 -$348.8
Other shareholder equity $14.1 $6.3 $10.3 $10.4
Total shareholder equity $653.3 $400.2 $356.5 $391.8
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $539.4 $776.5 $1231.5 $927.8
Short term investments
Net receivables $256.8 $196.9 $205.9 $92.7
Inventory $3.4 $4.8 $3.5 $1.5
Total current assets $1153.3 $991.7 $1453.6 $1033.5
Long term investments $62.2 $47.1 $30.5
Property, plant & equipment $174.5 $122.5 $95.3 $51.7
Goodwill & intangible assets $1711.8 $1077.9 $761.3 $693.5
Total noncurrent assets $2234.5 $1562.3 $889 $745.8
Total investments $62.2 $47.1 $30.5
Total assets $3387.8 $2554 $2342.6 $1779.3
Current liabilities
Accounts payable $204.6 $166.7 $121.1 $60.6
Deferred revenue $20.6 $16.3 $15 $7.8
Short long term debt $7.8 $5.3 $4.8 $0.9
Total current liabilities $704.4 $268.3 $183.8 $99.4
Long term debt $1769 $1741.9 $1756.4 $1005.4
Total noncurrent liabilities $1815 $1805.1 $1759.1 $1009.9
Total debt $1776.8 $1765.3 $1761.2 $1006.3
Total liabilities $2519.4 $2206.7 $1942.9 $1109.3
Shareholders' equity
Retained earnings -$346.7 -$363.6 -$325.3 -$278.7
Other shareholder equity $14.1 $8.29 -$0.01 $210.4
Total shareholder equity $653.3 $347.3 $272.8 $459.6
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $705.4 $675.4 $637 $547
Cost of revenue $510.2 $495.1 $470.1 $401.6
Gross Profit $195.2 $180.3 $166.9 $145.4
Operating activities
Research & development
Selling, general & administrative $89.1 $81 $86.1 $88.2
Total operating expenses $167.8 $135.6 $133 $136.6
Operating income $27.4 $44.7 $33.9 $8.8
Income from continuing operations
EBIT $24.3 $41.5 $29.8 $19.3
Income tax expense $2.6 $0.9 -$3.3 -$3.6
Interest expense $8 $8 $8 $8.1
Net income
Net income $13.7 $32.6 $25.1 $14.8
Income (for common shares) $13.7 $32.6 $25.1 $14.8
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $2564.8 $1993.6 $1367.5 $766.9
Cost of revenue $1877 $1523.4 $1089.1 $589.1
Gross Profit $687.8 $470.2 $278.4 $177.8
Operating activities
Research & development
Selling, general & administrative $344.4 $282.3 $248.4 $184
Total operating expenses $573 $279 $327.6 $235.4
Operating income $114.8 $191.2 -$49.2 -$57.6
Income from continuing operations
EBIT $114.9 $107.8 -$23.3 $19.4
Income tax expense -$3.4 $0.2 -$3.1 -$2.4
Interest expense $32.1 $32.5 $28 $40.2
Net income
Net income $86.2 $75.1 -$48.2 -$18.4
Income (for common shares) $86.2 $75.1 -$48.2 -$18.4
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $13.7 $32.6 $25.1 $14.8
Operating activities
Depreciation $61.9 $55.1 $50 $47.6
Business acquisitions & disposals -$133.4 -$35.1 -$1.2
Stock-based compensation $11 $12.4 $13.1 $20.9
Total cash flows from operations $105.3 $111.7 $91.9 $79.4
Investing activities
Capital expenditures -$32.3 -$42.3 -$32.9 -$28.1
Investments $14.9
Total cash flows from investing -$150.8 -$43.1 -$76.6 -$31.4
Financing activities
Dividends paid
Sale and purchase of stock -$8.6 -$96.8
Net borrowings
Total cash flows from financing -$27.9 -$9.1 -$108.2 -$7
Effect of exchange rate $11.9 -$1.5 $0.3 $0.4
Change in cash and equivalents -$61.5 $58 -$92.6 $41.4
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $86.2 $75.1 -$48.2 -$18.4
Operating activities
Depreciation $214.6 $149.1 $104.4 $84.2
Business acquisitions & disposals -$169.7 -$135.3 -$80.7 -$69.2
Stock-based compensation $57.4 $49.6 $40.8 $66.2
Total cash flows from operations $388.3 $275.4 $29.2 $23.4
Investing activities
Capital expenditures -$135.6 -$104.5 -$75.1 -$29
Investments $14.9 -$1.5 -$30.5
Total cash flows from investing -$301.9 -$516.8 -$196.7 -$102.1
Financing activities
Dividends paid
Sale and purchase of stock -$105.4 -$185.9 -$19.5 $566.3
Net borrowings $631.6 $475.4
Total cash flows from financing -$152.2 -$214.6 $471.2 $1002.8
Effect of exchange rate $11.1 $1
Change in cash and equivalents -$54.7 -$455 $303.7 $924.1
Fundamentals
Market cap $5.43B
Enterprise value $6.66B
Shares outstanding 82.14M
Revenue $2.56B
EBITDA $329.50M
EBIT $114.90M
Net Income $86.20M
Revenue Q/Q 31.19%
Revenue Y/Y 28.65%
P/E ratio 62.96
EV/Sales 2.60
EV/EBITDA 20.22
EV/EBIT 58.00
P/S ratio 2.12
P/B ratio 8.49
Book/Share 7.78
Cash/Share 6.57
EPS $1.05
ROA 3.07%
ROE 19.14%
Debt/Equity 3.86
Net debt/EBITDA 6.01
Current ratio 1.64
Quick ratio 1.63