GreenSky: Absurdly Cheap Fintech
GreenSky (GSKY) is up about 12% in mid-day trading following solid Q4 results in comparison to expectations.The stock is still down over 50% from last year as the fintech reset EBITDA expectations from very high levels.
The company has a market cap of about $2.4 billion despite 2019 forecasts for EBITDA above $210 million. The stock trades at only 11x EBITDA despite the potential for growth in the 30% range.
GreenSky remains an incredible cheap fintech along with most in the sector as the market frets far too much on some short term adjustments. The market will eventually come back for the 30% revenue growth on a company that can generate 40% EBITDA margins.
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