I opened a position in UEPS a few week ago as I see a lot of value in this company. It's cheap by all metrics:
- PE: below 7
- F/PE: below 10
- ROE: over 20%
- ROI: over 20%
- ROA: 8%
- Debt: very little
- PEG: just below 1
- Growth: high
- Moat in home market, foothole in new countries. Good technology
- Mgmt increased EPS guidance for this year
- Superinvestor in: Charled de Vaux/IVA Fund, own almost 18% of company
What I'm missing? I know about the SASSA contract, but managent voluntarily chose not to participate in the tender. According to them they can leverage their current network more freely without being tied by the govt contract boundaries, so it might turn out for the better even.
This might be one of the most undervalued companies out there.