Payments Valuation "UBS HOLT Framework - What Level of Long-Term Growth ..."

Research evidence excerpt

Payments Valuation "UBS HOLT Framework - What Level of Long-Term Growth ..."

Global Research

20 May 2026ab

Payments Valuation Equities

AmericasUBS HOLT Framework - What Level of Long-Term

Growth is Priced In for Payments Companies? Diversified Technology Services

Timothy E. Chiodo, CFA

Analyst

timothy.chiodo@ubs.com

What level of future growth are Payments & FinTech stocks pricing in today? +1-415-352 4500

We use the UBS HOLT framework to assess what the market is pricing in longer-term Maxwell Bartuch

across key Payments & FinTech companies within our coverage. The UBS HOLT HOLT Sector Specialist

methodology evaluates company value by focusing on long-term cash-generating ability maxwell.bartuch@ubs.com

rather than traditional accounting metrics. Showing what's priced into the longer-term +1-312-525 5721

growth outlook three years from now highlights certain dislocations between long-term Justin Forsythe, CPA

growth expectations and near-term consensus estimates. In particular, we see negative- Analyst

to low long-term growth expectations across a selection of scaled payments companies. justin.forsythe@ubs.com

We see additional asymmetries across our Payments coverage universe where key names +44-20-7567 4191

are pricing in long-term growth moderately below our expectations and near-term Chris Zhang, CFA

consensus estimates. Analyst

chris.zhang@ubs.com

US Payments Sector Zoom Session with UBS HOLT - Friday, May 22nd at 11:00am +1-212-713 4911

ET: We will be hosting UBS HOLT on Friday, May 22nd at 11am ET for a Zoom session to Pat Ennis, CFA

discuss key findings from this analysis and what is being priced in across payments Associate Analyst

companies. Please register here. patrick.ennis@ubs.com

+1-212-882 0090