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Cardtronics (CATM)

Cardtronics is the trusted leader in financial self-service, enabling cash transactions at over 285,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. With its scale, expertise and innovation, top-tier merchants and businesses of all sizes use its ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics' Allpoint network, the world's largest retail-based surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike.

Company profile

Ticker
CATM
Exchange
CEO
Edward West
Employees
Incorporated
Location
Fiscal year end
Former names
Cardtronics Group Ltd
SEC CIK
Subsidiaries
Cardtronics Australasia Pty Ltd • Cardtronics Canada • Cardtronics Canada Holdings Inc. • Cardtronics Canada Limited Partnership • ATM National, LLC • Cardtronics Holdings, LLC • Cardtronics USA, Inc. • Cardtronics, Inc. • CATM Holdings, LLC • Cardpoint GmbH ...

CATM stock data

Calendar

7 May 21
1 Oct 22
31 Dec 22
Quarter (USD) Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 339.22M 339.22M 339.22M 339.22M 339.22M 339.22M
Cash burn (monthly) (no burn) 26.61M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 479.36M n/a n/a n/a n/a
Cash remaining n/a -140.14M n/a n/a n/a n/a
Runway (months of cash) n/a -5.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 May 21 Dan Antilley Common Stock Option exercise Acquire M No No 0 3,915 0 39,261
28 May 21 Dan Antilley RSU Common Stock Payment of exercise Dispose F No No 0 3,383 0 16,475
28 May 21 Dan Antilley RSU Common Stock Option exercise Dispose M No No 0 3,915 0 12,560
24 May 21 Edward H West Common Stock Payment of exercise Dispose F No No 38.91 28,538 1.11M 544,293
24 May 21 Edward H West Common Stock Payment of exercise Dispose F No No 38.9 38,454 1.5M 572,831
24 May 21 Edward H West Common Stock Option exercise Acquire M No No 0 39,658 0 611,285
24 May 21 Edward H West Common Stock Option exercise Acquire M No No 0 43,096 0 571,627
24 May 21 Edward H West Stock Options Common Stock Option exercise Dispose M No No 20.92 39,658 829.65K 79,316
24 May 21 Edward H West Stock Options Common Stock Option exercise Dispose M No No 31.99 43,096 1.38M 22,844
21 May 21 Paul A Gullo Common Stock Option exercise Acquire M No No 0 661 0 12,918
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 2 -50.0%
Opened positions 0 2 EXIT
Closed positions 1 2 -50.0%
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 225.13M EXIT
Total shares 1 11.37K -100.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions Shares Bought/sold Change
BNP Paribas Arbitrage 0 -11.37K EXIT
Huntington National Bank 1 0 0.0%

Financial report summary

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Competition
Diebold NixdorfNCR
Risks
  • The ATM industry is highly competitive and such competition may increase, which may adversely affect our profit margins.
  • Regulatory, legislative or self-regulatory/standard developments regarding privacy and data security matters could adversely affect our ability to conduct our business.
  • The passage of legislation banning or limiting the fees we receive for transactions conducted on our ATMs would severely impact our revenues and our operations.
  • Interchange fees, which comprise a substantial portion of our transaction revenues, may be lowered in some cases at the discretion of the various EFT networks through which our transactions are routed, or through potential regulatory changes, thus reducing our future revenues and operating profits.
  • We operate in a changing and unpredictable regulatory environment, which may harm our business. If we are subject to new regulations or legislation regarding the operation of our ATMs, we could be required to make substantial expenditures to comply with that regulation or legislation, which may reduce our profit margins and our net income.
  • Internal control failures, security breaches, including the occurrence of a cyber-incident or a deficiency in our cybersecurity, could harm our business by compromising Company, merchant or vendor data or cardholder information and disrupting our transaction processing services, thus damaging our relationships with our merchant customers, business partners, and generally exposing us to liability.
  • Computer viruses or unauthorized software (malware) could harm our business by disrupting or disabling our systems, including transaction processing services, causing non-compliance with network rules, damaging our relationships with our merchant and financial institution customers, and damaging our reputation causing a decrease in transactions by individual cardholders.
  • Currency design changes may require modifications to our ATMs that could impact our operations and cash flows.
  • We depend on ATM and financial services transaction fees for substantially all of our revenues, and our revenues would, and profits could, be reduced by a decline in the usage of our ATMs or a decline in the number of ATMs that we operate, whether as a result of changes in consumer spending preferences, global economic conditions or otherwise.
  • We derive a substantial portion of our revenue from ATMs placed with a small number of merchants. The expiration, termination or renegotiation of any of these contracts with our top merchants, or if one or more of our top merchants were to cease doing business with us or substantially reduce its dealings with us, could cause our revenues to decline significantly and could adversely impact our business, financial condition and results of operations.
  • Deterioration in global credit markets, as well as changes in legislative and regulatory requirements, could have a negative impact on financial institutions including those with whom we conduct business and may seek to conduct business.
  • We rely on third parties in the various regions where we operate to provide us with the cash we require to operate many of our ATMs. If these third parties were unable or unwilling to provide us with the necessary cash to operate our ATMs, we would need to identify alternative sources of cash to operate our ATMs or we would not be able to operate our business.
  • Our operational failures or those of our transaction processors, EFT networks or other service providers could delay or interrupt our products and services and harm our business and our relationships with our merchant and financial institution customers.
  • We maintain a significant amount of vault cash within our Company-owned ATMs, which is subject to potential loss due to theft, civil unrest or other events, including natural disasters.
  • Our cash-in-transit business exposes us to additional risks beyond those currently experienced by us in the ownership and operation of ATMs.
  • If we fail to adapt our products and services to changes in technology or in the marketplace, or if our ongoing efforts to upgrade our technology are not successful, we could lose customers or have difficulty attracting new customers, which would adversely impact our revenues and our operations.
  • Errors or omissions in the settlement of merchant funds or in our vault cash reconciliations could damage our relationships with our customers and vault cash providers, respectively, and expose us to liability.
  • Changes in interest rates could increase our operating costs by increasing interest expense under our credit facilities, loans and our vault cash rental costs.
  • We are subject to business cycles, seasonality, and other outside factors such as extreme weather, natural disasters or health emergencies, including the ongoing outbreak of the coronavirus pandemic (“COVID-19” or the "Pandemic") that has adversely affected our business, and that may in the future have a material adverse impact on our business.
  • We may be unable to effectively integrate our acquisitions, which could increase our cost of operations, reduce our profitability, or reduce our shareholder value.
  • A failure of enterprise resource planning (“ERP”) and other associated information systems changes could adversely impact our business and our results of operations.
  • We operate in many sovereign jurisdictions worldwide and expect to continue to grow our business in new regions. Operating in different countries involves special risks which could result in a reduction of our gross and net profits.
  • The exit of the U.K. from the European Union could adversely affect our shareholders and us.
  • The election by our merchant customers not to participate in our surcharge-free network offerings could impact the effectiveness of our offerings, which would negatively impact our financial results.
  • If we experience additional impairments of our goodwill or other intangible assets, we will be required to record a charge to earnings, which may be significant.
  • We have a significant amount of indebtedness, which may adversely affect our cash flow and our ability to operate our business, remain in compliance with debt covenants, and make payments on our indebtedness.
  • The terms of our credit agreements and the indentures governing our senior notes may restrict our current and future operations, particularly our ability to respond to changes in our business or to take certain actions.
  • Non-compliance with established EFT network rules and regulations could expose us to fines, penalties or other liabilities and could negatively impact our results of operations. Additionally, new EFT network rules and regulations could require us to expend significant amounts of capital to remain in compliance with such rules and regulations.
  • The majority of the electronic debit networks over which our transactions are conducted require sponsorship by a bank, and the loss of any of our sponsors and our inability to find a replacement may cause disruptions to our operations.
  • Cardtronics plc may be treated as a U.S. corporation for U.S. federal income tax purposes and could be liable for substantial additional U.S. federal income taxes in the event our redomicile to the U.K. is successfully challenged by the U.S. Internal Revenue Service (“IRS”).
  • Our U.S. shareholders could suffer tax consequences if we are treated as a “controlled foreign corporation” for U.S. federal income tax purposes.
  • Our operating results have fluctuated historically and could continue to fluctuate in the future, which could affect our ability to maintain our current market position or expand.
  • We may issue additional common shares or instruments convertible into common shares, which may materially and adversely affect the market price of our common shares.
  • Our articles of association include mandatory offer provisions that may be viewed as less favorable to shareholders, including with respect to takeover matters.
  • English law generally provides for increased shareholder approval requirements with respect to certain aspects of capital management.
  • If we lose key personnel or are unable to attract additional qualified personnel as we grow, our business could be adversely affected.
  • Changes in tax laws, regulations and interpretations or challenges to our tax positions could adversely affect our business.
  • We operate in several jurisdictions and we could be adversely affected by violations of anti-bribery, sanctions and anti-money laundering laws and regulations.
  • If we are unable to adequately protect our intellectual property, we may lose a valuable competitive advantage or be forced to incur costly litigation to protect our rights. Additionally, if we face claims of infringement of third-party intellectual property, we may be forced to incur costly litigation.

Content analysis

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