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$1.8 Million No Van Tan Lejos Como Solian Ser. Hace apenas cuatro años, the reliable national information service, mejor conocida como FIS, se fusionó con otra empresa fintech, Worldpay, valorando a esta ultima en 43.000 milliones de dolares. El jueves, FIS dijo que vendería una participação majoritaria en el capital privado World Pe por 18.500 milon de dolares.
Las ganancias anuales por ventas y amortación de Worldpay at the moment of both transactions fueron de approximately $1.800 million. This means that the company’s valuation multiplier has fallen from 24 times to 10 times in the space of a few years.
Both companies were experienced acquirers. This confidence encouraged the couple to establish a relationship based largely on the dreaded “revenue synergies”. The phrase assumes that the products of the companies that merge can be sold in abundance to the respective bases of clients.
Estos beneficios rara vez se obtenien. Meanwhile, Wall Street is starting to have a skeptical view of the other powerful fintech industry.
FIS se especializa en software de processing de pagos de back office para bancos. Worldpay, previously a subsidiary of the Royal Bank of Scotland, provides processing of payments to “comerciantes” or retailers. The two companies said at the time of their union that they could generate $700 million annually, improving EBITDA from cross sales and cost reduction. Se suponía que los ingresos crecrían en un solo dígito.
The Ebitda of the combined company will be valued at 6,200 million dollars in 2022, a big step up from the 4,900 million dollars that the combined business generated in 2018. el flujo de efectivo libre fue de solo $ 3milion dollars, muy por debajo de los $4-4.5mil milliones esperados.
Los Antiguos Contributor de Worldpai Han Soportado El Dolor Con Los Patrosinadores de FIS. The agreement of 2018 was almost entirely in FIS actions. Las acciones han subido hasta 2021. Desde entonces, las acciones han bajado un 60 por siento.
El regalo de Synergy was a disappointment, sure. Pero Habia un Desafio Mayor. La Economia de fintech hasta ahora no ha logrado parecerse al crissimiento, la rentabilidad o la aguilidad del capital de las majores empresas de software empresario.
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