CompoSecure: Leading Metal Card Provider Set To Benefit From A Growing Market
Summary
- The metal payment card market is expected to triple by 2025, growing from a little under 30 million cards issued in 2021, to just over 90 million cards in 2025.
- Arculus, its promising but commercially unproven crypto cold storage wallet solution, offers a call option on wider adoption and improved crypto sentiment.
- I keep a Dec 2023 price target of $11 on the stock with an assumed 2024 EV/EBITDA multiple of 7x.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CMPO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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