CPI Card Group Inc. (PMTS)

Commercial Printing

Latest Price

$24.29

TTM P/E

21.12

Normalized P/E

13.54

Div Yield

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $59M (median of 7yr)

Tax rate: 30%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$13.00

46% downside

Base FCF: $28M (median of recent 5yr)

Growth: 23%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$134.88

+455% upside

EPS: $1.25

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$17.50

28% downside

25.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	516.4K	$10.0M	4.48%	+85.0K	2026-06-30
Pacific Ridge Capital Partners, LLC	507.7K	$10.0M	4.41%	+41.6K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	263.7K	$5.0M	2.29%	+3.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	226.7K	$4.0M	1.97%	+1.9K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	180.0K	$3.0M	1.56%	+13.5K	2026-06-30
UBS Group AG	126.9K	$2.0M	1.10%	-1.4K	2026-06-30
Pembroke Management, LTD	120.0K	$2.0M	1.04%	+20.4K	2026-06-30
STATE STREET CORP	96.0K	$1.0M	0.83%	+19.5K	2026-06-30
LSV ASSET MANAGEMENT	88.4K	$1.0M	0.77%	-3.7K	2026-06-30
NORTHERN TRUST CORP	73.4K	$1.0M	0.64%	+740	2026-06-30