Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs. It offers money processing services, such as cash transfer services that enable consumers to deposit or pick up cash and pay bills with cash at the point-of-sale at any participating retailer; and simply paid disbursement services, which enable wages and authorized funds disbursement to its deposit account programs and accounts issued by any third-party bank or program manager. In addition, the company offers tax processing services comprising tax refund transfers, which provide the processing technology to facilitate receipt of a taxpayers' refund proceeds; small business lending to independent tax preparation providers that seek small advances; and fast cash advance, a loan that enables tax refund recipients. Green Dot Corporation was incorporated in 1999 and is headquartered in Austin, Texas.
Future Outlook | Analysts project an average price target of $9, with EPS forecast of $1.35 for FY2024, highlighting both growth potential and profitability concerns |
Market Positioning | Delve into Green Dot's niche in serving underbanked populations and its potential for growth, with a price-to-book ratio of 0.63 suggesting undervaluation |
Strategic Initiatives | Explore Green Dot's focus on GO2Bank, Earned Wage Access, and platform consolidation to drive innovation and diversify revenue streams |
Revenue Resilience | Green Dot's B2B segment drives strong top-line growth, exceeding expectations despite profitability challenges in a competitive fintech landscape |
Metrics to compare | GDOT | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipGDOTPeersSector | |
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P/E Ratio | −8.9x | 10.4x | 9.0x | |
PEG Ratio | 0.04 | 0.21 | 0.03 | |
Price / Book | 0.5x | 1.2x | 1.0x | |
Price / LTM Sales | 0.3x | 2.1x | 2.8x | |
Upside (Analyst Target) | 30.4% | 17.6% | 13.3% | |
Fair Value Upside | Unlock | 6.7% | 3.8% | Unlock |