Fintech Select (TSXV:FTEC) GF Value Rank : 0 (As of Jun. 05, 2024)

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What is Fintech Select GF Value Rank?

Fintech Select has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Fintech Select GF Value Rank Related Terms

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Fintech Select (TSXV:FTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fintech Select Ltd (TSXV:FTEC) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

SLXXF:USA Z1S1:Germany

Address

100 King Street W, Unit T201A, Chatham, ON, CAN, N7M 6A9

Website

https://www.fintechselect.com

Fintech Select Ltd is a provider of prepaid card schemes, online payment platforms, and POS cryptocurrency platforms, all internally developed platforms. It also operates a multi-lingual call center that provides services to customers across all its platforms, and third-party customers. The company operated in three business segments which include Distribution, Call Center, and Financial Services. Its distribution sells prepaid wireless airtime and its Financial Services division provides prepaid debit card services.

Executives

Syed Naveed Ul Hassan

Director