DG’s Challenges
In the past 3 years, DG’s stock price underperformed its competitor GMO PG by 71.4%, Jafco by 71.5%, and Topix by 16.1%.
The valuation gap between DG and GMO Payment Gateway, Inc. (“GMO PG”) is significant. GMO PG trades at a 2.8x multiple to DG.
GMO PG has outpaced Digital Garage in its growth and its business is currently larger than Digital Garage.
Why Has DG Underperformed?
