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Ebix Inc. Message Board

  • propitiousaugury Oct 10, 2013 6:56 PM Flag

    EBIX for the long term: Looking 5 years ahead

    I know a lot of current holders would be thankful to just take the money (at $20-$25/share) and run for the hills, but I think EBIX has a lot more potential. What does this board think about where EBIX will be in 5 years (in terms of revenue and EPS)?

    Some history: Since Raina presided over EBIX, the growth in revenue per share, EPS, FCF per share has been nothing short of amazing. From 2005 to 2011, revenue per diluted share increased almost five times, even when diluted shares almost doubled. In 2008, Raina set a revenue run rate goal of $100MM by 2009, $200MM revenue goal for 2012 - both of which were met and he has set $500M by 2017.

    Say what you want about Raina low-balling his fellow shareholders in the buyout, but I think we can all agree that he understands this space very well and is obsessed with costs, efficiency, growth and the bottom line.

    Maybe someone who works in the insurance space or is intimately familiar with EBIX's products can chime in regarding their outlook of EBIX's business in the next 5 years.

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