CPI Card Group Inc. (PMTS) Stock

CPI Card Group Inc. (PMTS) is a Technology stock trading at $28.16 (as of 2026-08-21), with a market capitalization of $324.70M and a trailing P/E of 23.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CPI Card Group Inc. designs and produces financial payment cards and provides associated personalization, packaging, and fulfillment services. It operates through Debit and Credit and Prepaid Debit segments, serving card-issuing banks and program managers, including community banks, credit unions, and related card transaction processors.

Understand CPI Card Group Inc.: how it makes money

CPI Card Group Inc. designs, produces, personalizes, packages, and fulfills payment cards, and also provides integrated card services to card-issuing banks, earning money through card-related secure solutions and integrated paytech offerings.

Profit is driven by how many financial institutions and card programs buy card security and card issuance solutions (cards plus integrated services), which then translate into segment revenue from Secure Cards and Integrated Paytech.

Business quality (Weak): Clear business model and segment revenue lines are provided, but the provided segment revenue totals do not exactly match the stated total revenue, so readers should confirm segment mapping and rounding in the full filing.

Valuation: Trades at 20× trailing earnings · $0B market cap.

Bull case

Company participates in the end-to-end flow for payment cards, including design, production, data personalization, packaging, and fulfillment: That breadth can support repeat demand from card-issuing banks for program execution and integrated card services.
Secure Cards is the largest provided segment revenue line (0.11B): If Secure Cards demand holds up, it likely remains the main contributor to overall quarterly results.
Card-At-Once has measurable operating footprint indicators, including Card-At-Once Installations (17,000): This suggests the paytech side has an install base that can be relevant to ongoing issuance activity.

Bear case

Total results depend on performance across at least two segment revenue sources (Secure Cards and Integrated Paytech): If either segment softens in a given quarter, it could reduce overall revenue (and therefore operating results).
Payment card programs are tied to financial institution ordering and issuance needs: A slowdown in customers using card and issuance solutions could limit segment revenue growth.
Operating leverage is reflected in a 7.5% operating margin: If costs rise faster than segment revenue, profitability could compress.

Valuation — source: SEC EDGAR (first-party)
Price	$28.16
Market Cap	$324.70M
P/E Ratio	23.6
EV / EBITDA	7.1
Price / Sales	0.55
FCF Yield	23.6%
DCF Value (model)	$53.29
DCF Upside vs Price	89.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$543.53M
Net Margin	2.8%
Revenue Growth (YoY)	15.0%
EPS Growth (YoY)	260.0%
FCF Growth (YoY)	4762.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.91 (grey)
Piotroski F-Score	4/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	23.6
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	29.9
vs Sector	-30.3%
vs Industry	-21.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($7.54M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	John D. Lowe
Employees	1,500
Country	US
IPO Date	2015-10-08

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.