Mastercard (MA)

[Mithrandir77]

 

MasterCard (NYSE:MA) jumps in early trading after reporting a revenue increase of 13% in Q2.

 

Processed transactions were up 14% to 13.7B in the quarter.

 

Gross dollar volume rose 11% to 1.2T (local currency).

 

Cross-border volume was 10% higher.

 

MasterCard's effective tax rate was 28.0% vs. 25.7% a year ago.

 

 

 

 

 

Strong transactions growth lifts MasterCard

 

[Schildkröte]

Wegen zu hoher Gebühren wurde Mastercard in Großbritannien auf 14 Mrd. GBP (ca. 16,7 Mrd. €) Schadenersatz verklagt: http://www.faz.net/aktuell/wirtschaft/unternehmen/wegen-zu-hohen-gebuehren-milliardenklage-gegen-mastercard-14427075.html

[Malvolio]

Wegen zu hoher Gebühren wurde Mastercard in Großbritannien auf 14 Mrd. GBP (ca. 16,7 Mrd. €) verklagt: http://www.faz.net/aktuell/wirtschaft/unternehmen/wegen-zu-hohen-gebuehren-milliardenklage-gegen-mastercard-14427075.html

 

Demnächst wird bestimmt Apple verklagt .... wegen zu hoher IPhone-Preise.

[Schildkröte]

Wegen zu hoher Gebühren wurde Mastercard in Großbritannien auf 14 Mrd. GBP (ca. 16,7 Mrd. €) verklagt: http://www.faz.net/aktuell/wirtschaft/unternehmen/wegen-zu-hohen-gebuehren-milliardenklage-gegen-mastercard-14427075.html

Demnächst wird bestimmt Apple verklagt .... wegen zu hoher IPhone-Preise.

Zu Apple gibt es viele (günstigere) Alternativen im Smartphonebereich. Bei Kreditkartenanbietern nicht. Sollte Mastercard seine Marktmacht ausgenutzt haben, im krassesten Fall sogar in Kombination mit illegalen Preisabsprachen, könnte das erhebliche Konsequenzen haben.

[Toni]

Valuing Mastercard: The Real Deal

[Mithrandir77]

MasterCard wins ruling in legal battle over card fees

 

Zitat

MasterCard said that the court had examined its interchange rates for the entire period of the claim. The judge had found that those rates were significantly below the lawful level of interchange that could have been charged to the retailers for those benefits, it added. 

Stewarts Law, the law firm acting for the retailers, called Monday’s ruling “disappointing” and “surprising” given that the European Commission, the General Court and the Court of Justice of the European Union had all previously unanimously ruled that interchange fees were anti-competitive.

“We are reviewing the findings in detail with our clients and will be seeking leave to appeal,” it said.

The lawsuit is one of a number of legal claims which MasterCard is fighting. 

In July, the Competition Appeal Tribunal ruled that MasterCard must pay £68.5m in damages to supermarket group J Sainsbury after losing a landmark competition case over interchange fees that it made on cards used by the retailer’s customers.

Other claims include a £14bn lawsuit which is being brought on behalf of up to 46m consumers for imposing card charges on consumers in what is set to be one of the UK’s first US-style class-action cases.

 

[Mithrandir77]

Mastercard Celebrates the Holidays

 

Zitat

Mastercard charges forward

Mastercard's fourth-quarter results continued to show signs of ongoing growth. Revenue was up 9.5% to $2.76 billion, falling just short of the roughly 11% growth rate that most investors had wanted to see. Net income grew at a slower 5% pace to $933 million, but a decrease in outstanding share count helped boost earnings up to $0.86 per share. That was $0.01 per share better than the consensus forecast among investors.

Looking more closely at the numbers from Mastercard, one thing that stands out given the card company's recent history is that foreign exchange factors actually helped its bottom-line figures. Net income would only have been up 4% on a currency-neutral basis, and revenue suffered only a single-percentage-point headwind from the impact of translating foreign currencies back into U.S. dollars.

 

[Mithrandir77]

Quartalszahlen überzeugen Anleger

 

Zitat

Mastercard hat zu Jahresbeginn starke Geschäftszuwächse verbucht, weil mehr Geld mit den Kreditkarten des Anbieters ausgegeben wurde. Im ersten Quartal kletterte der Überschuss im Jahresvergleich um 13 Prozent auf 1,1 Milliarden Dollar (1,0 Mrd Euro), wie der Visa-Rivale am Dienstag mitteilte. Die Erträge stiegen um zwölf Prozent auf 2,7 Milliarden Dollar.

 

[Mithrandir77]

Britisches Gericht lehnt Milliarden-Sammelklage gegen Mastercard ab

 

Zitat

Das neugeschaffene Competition Appeal Tribunal in London, das für bestimmte Sammelklagen zuständig ist, entschied am Freitag, eine Klage über 14 Milliarden Pfund (umgerechnet 15,7 Milliarden Euro) werde nicht zur Verhandlung angenommen. Die Kläger hatten geltend gemacht, der Kreditkarten-Anbieter habe bei mehr als 45 Millionen britischen Kunden über einen Zeitraum von 16 Jahren zu hohe Gebühren verlangt. Mastercard begrüßte die Gerichtsentscheidung.

 

[Mithrandir77]

Mastercard beats estimates as consumer spend more

 

Zitat

Over all for the second quarter, Mastercard reported a profit of $1.18 billion, or $1.10 a share, up from $983 million, or 89 cents a share, a year earlier.

Revenue increased 13% from last year, to $3.05 billion, driven by a 17% increase in switched, or processed, transactions and a 14% increase in cross-border volumes on a local currency basis.

Analysts polled by Thomson Reuters had expected $1.04 in per-share earnings on revenue of $3 billion.

 

[Mithrandir77]

Mastercard rallies after strong earnings

 

Zitat

Mastercard (NYSE:MA) blasts past estimates with its Q3 report as revenue came in at $3.4B. Acquisition contributed 2.5 percentage points of the 18% growth in the quarter.

Gross dollar volume was up 10% during the quarter, while purchase volume increased 11%.

Cross-border volume jumped 11% during the quarter.

Mastercard reported an operating margin of 57.1% of sales, down 90 bps from a year ago. The effective income tax rate during the quarter was 26.0% vs. 27.5% a year ago.

 

Mastercard warns on European Commission fines

[Mithrandir77]

MasterCard Announces That Payments Can Now be Made on Blockchain

 

Zitat

Best of Both Worlds

Credit card companies are a long-standing pillar in the financial services sector. Credit cards were the first cashless payment option made available to the public and now, one of the leading financial services firms in the world has decided that it’s time for credit cards to get involved in blockchain technologies. On Friday, MasterCard announced that it’s opening up access to a blockchain-based business-to-business (B2B) payment service under a new option called the “MasterCard Blockchain API.”

Launched during the Money 20/20 Hackathon in Las Vegas this past weekend after testing and validation had been completed, this service is slated to become available to customers this week. “MasterCard’s blockchain solution provides a new way for consumers, businesses and banks to transact and is key to the company’s strategy to provide payment solutions that meet every need of financial institutions and their end-customers,” the company said in a press statement.

This move comes as a bit of a surprise, as MasterCard previously issued a blanket rejection of Bitcoin. Still, MasterCard’s blockchain service heralds what Ethereum co-founder Vitalik Buterin described to be blockchain’s potential to replace credit cards. Instead of being taken over by blockchain technologies, however, MasterCard decided to embrace the movement.

 

[Mithrandir77]

Strong volume again at Mastercard

 

Zitat

Mastercard (NYSE:MA) reports revenue was up 18% on a currency-neutral basis in Q4.

Switched transactions were up 17% to $17.7B. Cross-border volume was also up 17% on a local currency basis.

Gross dollar volume was 13% higher to $1.4T.

Operating margin fell 340 bps to 46.0% of sales.

Mastercard paid an effective tax rate of 26.8% (adjusted) vs. 28.8% a year ago.

CEO update: "Our ongoing investments in digital and safety and security, combined with our recent acquisitions, position us well to continue to grow our core business and capture new payment flows."

 

Mastercard, Inc. 2017 Q4 - Results - Earnings Call Slides

[Mangalica]

Mastercard muss 570 Millionen Euro Strafe zahlen.

 

Zitat

Die EU-Kommission brummt Mastercard eine gewaltige Geldstrafe auf. Der Kreditkartenanbieter hat aus ihrer Sicht zu hohe Gebühren berechnet.

 

[Toni]

TA-Update ultralangfristig:

 

Der ultralangfristige Aufwärtstrendkanal schafft 100% in nur 2,6 Jahren (blau), etwas besser als die Visa Aktie:

 

[Toni]

Vergleich VISA/Mastercard von InvestFlow:

 

 

[Toni]

Laut FASTgraphs ist Mastercard überbewertet:

 

[Trend]

Hey Toni, wärst du so nett und könntest mir den Graph erläutern? Was wird hier unter dem blended P/E verstanden? In schwarz ist der Kursverlauf widergegeben. Soweit so klar. Aber auf welcher Basis wird die P/E Ratio in blau berechnet? Und was ist der Unterschied zur orangenen Linie? Ich danke dir ganz herzlich. Thomas

[Toni]

vor 1 Minute von Trend:

Hey Toni, wärst du so nett und könntest mir den Graph erläutern? Was wird hier unter dem blended P/E verstanden? In schwarz ist der Kursverlauf widergegeben. Soweit so klar. Aber auf welcher Basis wird die P/E Ratio in blau berechnet? Und was ist der Unterschied zur orangenen Linie? Ich danke dir ganz herzlich. Thomas

https://www.fastgraphs.com/documentation/blended-p-e/

 

[Trend]

Besten Dank, Toni!

[Toni]

TA-Update:

 

Die Aktie kämpft nach wie vor damit, den Widerstand bei 350 USD (rot) nachhaltig zu überwinden:

 

 

Das Chartbild ähnelt sehr stark dem der Visa-Aktie.

 

Bewertungs-Update:

 

Laut FASTgraphs ist die Aktie überbewertet:

 

[herbert_21]

Zitat

The first thing to highlight is how strongly both companies are overvalued in terms of potential dividends. This indicates that from the point of view of investors, Visa and Mastercard are primarily growth companies. They are valued by the market in terms of cash flow. Dividends, in this case, are just an added bonus.

 

In terms of DCF modeling, Visa is already undervalued. And at the same time, the fundamental value of the Mastercard now coincides with the market price.

 

If you focus on the dividend models, Visa is less overvalued than Mastercard.

 

Thus, I believe that Visa is potentially a better investment than Mastercard.

 

[Toni]

Bewertungs-Update nach FASTgraphs:

 

Die Aktie ist überbewertet.

 

[Alles Aktien]

Wie sieht der Chart über die letzten 5-10 Jahre aus?

Handelt ja seit über 5-6 Jahren über der normalen P/E Ratio. 

 

Denke es geht bis Ende 22/23 seitwärts und dann weiter steil nach oben. Aus meiner Sicht kann man hier jeden Dip akkumulieren.

[Toni]

vor 15 Minuten von yes I squat:

Wie sieht der Chart über die letzten 5-10 Jahre aus?

 

10 Jahre:

 

 

5 Jahre: