By Jeff Bailey
YCharts’ editor Dee Gill made the case for MasterCard (MA) shares just days before Christmas – if you missed the story, perhaps you were out shopping, charging up a storm with your MasterCard of Visa (V) card – and now Barron’s adds its voice on a stock it has long favored.
The two bankcard groups have been rockets over the past year, yet bulls contend that the shares have further to go.
MA data by YCharts
Barron’s smartly looks at the declining market share of cash, and indeed it has been some time since I saw a human under the age of 30 pull greenbacks out for even the tiniest purchase.
MA PE Ratio (Forward) data by YCharts
MasterCard in particular advanced last year on an expanded multiple, with the forward PE ratio now hovering above 30.
MA Revenue (Quarterly YoY Growth) data by YCharts