WallStSmart

Flywire Corp (FLYW)vsFortinet Inc (FTNT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 955% more annual revenue ($7.53B vs $713.54M). FTNT leads profitability with a 28.2% profit margin vs 4.8%. FTNT trades at a lower P/E of 56.1x. FTNT earns a higher WallStSmart Score of 73/100 (B).

FLYW

Hold

39

out of 100

Grade: F

Growth: 6.7Profit: 3.5Value: 5.7Quality: 5.8
Piotroski: 4/9Altman Z: 1.78

FTNT

Strong Buy

73

out of 100

Grade: B

Growth: 8.7Profit: 9.5Value: 5.3Quality: 6.0
Piotroski: 5/9Altman Z: 1.50
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FLYWUndervalued (+69.1%)

Margin of Safety

+69.1%

Fair Value

$36.02

Current Price

$17.87

$18.15 discount

UndervaluedFair: $36.02Overvalued
FTNTUndervalued (+43.5%)

Margin of Safety

+43.5%

Fair Value

$276.16

Current Price

$156.07

$120.09 discount

UndervaluedFair: $276.16Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FLYW2 strengths · Avg: 8.0/10
Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
27.2%8/10

Revenue surging 27.2% year-over-year

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
136.7%10/10

Every $100 of equity generates 137 in profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

Market CapQuality
$114.51B9/10

Large-cap with strong market position

Profit MarginProfitability
28.2%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
25.6%8/10

Revenue surging 25.6% year-over-year

EPS GrowthGrowth
43.9%8/10

Earnings expanding 43.9% YoY

Areas to Watch

FLYW4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.784/10

Distress zone — elevated risk

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

Profit MarginProfitability
4.8%3/10

4.8% margin — thin

P/E RatioValuation
65.8x2/10

Premium valuation, high expectations priced in

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.744/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
56.1x2/10

Premium valuation, high expectations priced in

Price/BookValuation
74.0x2/10

Trading at 74.0x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : FLYW

The strongest argument for FLYW centers on Price/Book, Revenue Growth. Revenue growth of 27.2% demonstrates continued momentum.

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.

Bear Case : FLYW

The primary concerns for FLYW are Altman Z-Score, Return on Equity, Profit Margin. A P/E of 65.8x leaves little room for execution misses. Thin 4.8% margins leave little buffer for downturns.

Bear Case : FTNT

The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 56.1x leaves little room for execution misses.

Key Dynamics to Monitor

FLYW carries more volatility with a beta of 1.31 — expect wider price swings.

FLYW is growing revenue faster at 27.2% — sustainability is the question.

FTNT generates stronger free cash flow (966M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FTNT scores higher overall (73/100 vs 39/100), backed by strong 28.2% margins and 25.6% revenue growth. FLYW offers better value entry with a 69.1% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Flywire Corp

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Flywire Corporation is a payments enablement and software company in the United States and internationally. The company is headquartered in Boston, Massachusetts.

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Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

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