July 3, 2019

MA – Market expectations are for Uniform ROA expansion, and management is confident in their payments, growth strategies, and loyalty programs


  • Mastercard Incorporated (MA:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 32.5x Uniform P/E, suggesting bullish expectations for the firm. Moreover, management is confident in the transparency of Chinese payments, organic and inorganic growth strategies, and their ability to create a loyalty program
  • Specifically, management is confident in their ability to provide transparency and certainty for Chinese cross-border payments, their organic and inorganic growth strategies, and their ability to connect a loyalty program to their installment loan system.
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