-
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
-
Nuvei Corporation Subordinate Voting Shares (NVEI)
Thanks for your insight, Peter
LSPD recently reported Q2 results for FY2024, with EPS of $0.04, beating analysts’ forecasts of $0.005. Revenue came in at $230.3M displaying growth of +25% and beating estimates of $214.05M. Management guidance for FY2024 is revenue between $890M to $905M. Management's commitment to enhancing the business is evident, reflecting their dedication to achieving profitability. The positive trends observed in recent quarters, driven by sustained top-line growth and cost-efficiency measures, suggest the potential for continued success in the coming years. Although solid results, we would still stay the line for a bit with LSPD and see if these trends remain consistent.
NVEI recently put together a solid and encouraging quarter. NVEI is a bit smaller than LSPD with a market cap at $2.75B versus $3.5B. We like NVEI more than LSPD, especially from a valuation standpoint considering that NVEI is valued at 9.8x forward earnings while LSPD is valued at 52.6x forward earnings.