Planet Payment

Planet Payment delivers innovative payment processing solutions that solve many of the challenges facing today’s global electronic payments industry. They deliver payment processing and multi-currency solutions to over 50 financial services institutions around the world. Their services are currently deployed at 40,000 active merchant locations in more than 20 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe. At the heart of Planet Payment is a centrally-hosted transaction platform which manages the global connectivity and interaction between consumers, merchants, banks, and the payment networks. The platform provides the flexibility to deliver solutions tailored to meet the specific needs of banks and merchants in both established and dynamic emerging markets around the world.
Company Growth (employees)
Type
Public
HQ
Long Beach, US
Founded
1999
Size (employees)
163 (est)
Planet Payment was founded in 1999 and is headquartered in Long Beach, US

Key People/Management at Planet Payment

Alan Lubitz

Alan Lubitz

CTO

Planet Payment Office Locations

Planet Payment has an office in Long Beach
Long Beach, US (HQ)
670 Long Beach Blvd

Planet Payment Financials and Metrics

Planet Payment Financials

Planet Payment's revenue was reported to be $54.3 m in FY, 2016
USD

Revenue (Q2, 2017)

12.5 m

Gross profit (Q2, 2017)

7.2 m

Gross profit margin (Q2, 2017), %

58%

Net income (Q2, 2017)

2 m

EBIT (Q2, 2017)

2.5 m

Market capitalization (08-Dec-2017)

230.2 m

Cash (30-Jun-2017)

7.3 m

EV

232.8 m
Planet Payment's current market capitalization is $230.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.6 m47.4 m52.8 m54.3 m

Revenue growth, %

2%11%3%

Cost of goods sold

24.3 m23.9 m25.8 m23.2 m

Gross profit

22.3 m23.5 m27.1 m31.2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

10.5 m11.9 m11.3 m12.1 m12.7 m12.6 m13.7 m13.1 m13.6 m12.7 m12.5 m

Cost of goods sold

6 m5.6 m5.8 m5.8 m6 m6.5 m6.2 m6.3 m5.7 m5.3 m5.3 m

Gross profit

4.5 m6.3 m5.5 m6.3 m6.7 m6.2 m7.5 m6.8 m8 m7.4 m7.2 m

Gross profit Margin, %

43%53%48%52%53%49%55%52%58%58%58%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.6 m9.8 m14.7 m13.3 m

Current Assets

17.5 m22.1 m27.9 m26.3 m

PP&E

2.2 m2.1 m1.8 m1.7 m

Goodwill

362.1 k319.7 k286.9 k276.8 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

4.7 m5.7 m7.3 m8.7 m11.3 m13.5 m13 m13.8 m10.5 m7.4 m15.6 m7.3 m

Current Assets

15.9 m14.8 m19.1 m20.4 m24 m25.3 m25.2 m27.4 m22.8 m19.7 m29.8 m21.8 m

PP&E

2.1 m2.2 m2.3 m2.3 m2.2 m2.1 m2 m1.8 m1.6 m1.3 m1.6 m1.6 m

Goodwill

355.7 k361.7 k359 k333.6 k285.3 k291.8 k295.7 k298.7 k292 k294.8 k280.9 k300.4 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

22 k3.2 m10.4 m25.1 m

Depreciation and Amortization

2.9 m3 m3.1 m2.7 m

Cash From Operating Activities

2.5 m5.2 m12.2 m11.2 m

Purchases of PP&E

(828.7 k)(117.4 k)(183.1 k)(437.3 k)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(808.6 k)(779.3 k)1.5 m1.2 m1.7 m1.9 m106 k1.8 m3 m5.3 m1.4 m3.4 m

Depreciation and Amortization

746.3 k2.3 m609 k1.3 m2.1 m553 k1 m

Accounts Payable

408.5 k474.7 k378.1 k323.6 k

Cash From Operating Activities

(626.9 k)2.9 m2.5 m2.8 m5.8 m1.8 m3.5 m
Y, 2017

EV/EBIT

91.8 x

EV/CFO

65.7 x

Financial Leverage

1.3 x
Show all financial metrics

Planet Payment Operating Metrics

Planet Payment's Enterprise Customers was reported to be 70 in FY, 2016
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Merchant Locations

93 k118 k135 k178 k197 k189 k188 k177 k

Countries

2321212223222222

Patents Issued

4422

Enterprise Customers

707070
Show all operating metrics

Planet Payment Market Value History

Planet Payment Revenue Breakdown

Planet Payment's Web-traffic and Trends

Planet Payment Online and Social Media Presence

Planet Payment News and Updates

Eurazeo-backed Fintrax to buy Planet Payment

Fintrax Group, which is backed by Eurazeo, has agreed to acquire Planet Payment for $4.50 per share or $250 million, according to an announcement on FT Partners' site. FT Partners advised Planet Payment on the transaction. Based in New York, Planet Payment is a provider of international and multi-cu…

Planet Payment Company Life and Culture

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