The EML Payments Ltd (ASX: EML) share price was up 6% today after the company reaffirmed its FY 2018 guidance at the Goldman Sachs annual small and mid-cap conference.
The company expects to maintain an EBITDA range of $19.5 million to $21.5 million for FY 2018.
Despite the gain, EML shares are still down 48% from their November 2017 peak and investors looking to take advantage of the dip will point to the large total addressable market for EML's technology.
The company estimates the market size to be US$5 trillion Gross Debit Volume (GDV) across North America, Europe and Australia compared to EML's expected market share of $7 Billion GDV in FY 2018.
Another Fintech stock that is red hot is Afterpay Touch Group Ltd (ASX: APT) but my pick of the lot at current prices is Bravura Solutions Ltd (ASX: BVS) which is trading at a price to sales ratio of 2.66, just over half the sector's average of 4.56.
