Marqeta: Market Overreaction And Undervalued Intrinsically

Mar. 01, 2023 9:12 PM ETMarqeta, Inc. (MQ) StockMQ22 Comments
Deep Tech Insights
6.32K Followers

Summary

  • Marqeta is a leading provider of modern card issuing for the fintech industry.
  • The company reported solid financial results for Q4 '22 as it beat both revenue and earnings growth estimates.
  • Marqeta did report lower than expected guidance for 2023 and thus its stock price was hammered in afterhours trading.
  • A positive is the company bought back 11.7 million shares at an average price of $6.77.
  • My discounted cash flow model indicates the stock is undervalued intrinsically.

Card payment.

ArtistGNDphotography

Marqeta (NASDAQ:MQ) is a leading provider of "modern" card issuing and related solutions. Historically, if a company wanted to setup a payment program, it could take multiple months or even years. However, Marqeta has solved this problem with its low code user interface and API-focused

This article was written by

6.32K Followers
Senior Investment Analyst for Hedge Funds. Interviewed Hedge Fund Managers and CEO's. Investment Strategy: Focus on Deep Dive Valuation, G.A.R.P (Growth at a Reasonable Price). Masters in Equity Valuation, 755+ Companies Analysed.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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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