Euronet Worldwide, Inc. (EEFT): A Bull Case Theory

We came crossed a bullish thesis connected Euronet Worldwide, Inc. connected P14 Capital’s Substack. In this article, we volition summarize the bulls’ thesis connected EEFT. Euronet Worldwide, Inc.'s stock was trading astatine $74.09 arsenic of November 28th. EEFT’s trailing and guardant P/E were 10.83 and 6.67 respectively according to Yahoo Finance.

Euronet Worldwide, Inc. provides outgo and transaction processing and organisation solutions to fiscal institutions, retailers, work providers, and idiosyncratic consumers worldwide. EEFT has faced a challenging 2025, with shares sliding into the $70s pursuing short-seller unit and a 3Q25 gross miss. Despite reaffirmed EPS guidance and continued bottom-line strength, the market remains focused connected slower top-line maturation and deficiency of visibility. The halfway P14 thesis—diversified remittance corridors, fintech transition, borderline expansion, and compelling valuation—remains intact but tested.

3Q25 revealed meaningful headwinds. Money Transfer underperformed owed to stricter U.S. migration enforcement, softer low-income user activity, and isolated pricing pressure. ePay declined modestly aft exiting a low-value top-up product, portion EEFT margins softened arsenic ostentation constrained question budgets. The lack of an capitalist time and comments astir balancing buybacks with M&A added to capitalist frustration.

Yet, notable positives emerged. October Money Transfer trends improved, supporting management’s presumption that headwinds are transitory. New partnerships—including Heritage Grocers and a large Dandelion–Citibank integration—highlight strengthening competitory positioning. Dandelion continues scaling crossed large banks, while Fireblocks integration provides regulated stablecoin rails. Digital remittances grew 32% Y/Y, and REN posted ~40% maturation with software-like margins. EEFT benefited from robust emerging-market show and caller ATM outsourcing wins. Across segments, consolidated margins remained resilient.

The updated exemplary reflects moderated FY25 revenue, accelerating into FY26–FY27, supported by REN, CCRD, integer premix gains, and ongoing ATM outsourcing. EPS growth remains strong, aided by borderline enlargement and buybacks. At conscionable 10.6x GAAP EPS, EEFT screens meaningfully undervalued comparative to its durable net powerfulness and unsocial planetary network. Execution, clearer communication, and superior allocation subject stay captious catalysts.

Previously we covered a bullish thesis connected Euronet Worldwide, Inc. (EEFT) by P14 Capital successful May 2025, which highlighted the company’s diversified segments, borderline expansion, and REN’s increasing contribution. The company's banal terms has depreciated astir by 28.84% since our coverage. This is due to the fact that the thesis didn’t afloat play retired amid gross softness and sentiment pressure. The thesis inactive stands arsenic P14 Capital shares a akin presumption but emphasizes updated execution and visibility challenges.