American ExpressPresented By:Brent PenzoJessica Allen

Zach Jennings

American Express issues lines of credit for many different individuals, small companies, and large corporations.

Incentives are given to card holders that use it frequently. Most incentives are travel based and cover such things as airline tickets, rental cars, and hotels.

American Express’ merchants are also offered special marketing opportunities as well as trend reports to help them obtain potential customers.

Basics of American Express Business

Individual Credit Cards

Premium Reward Card

Flexible Payment Card

Air Travel Partner Card

Hotel Partner Card

Credit Cards

Small Business Credit Cards

Premium Rewards Card

Classic Rewards Card

Partner Card

Basic Card

Credit Cards Continued…

Corporate Credit Cards

Amex Corporate Card Program

Amex Business ExtrAA Corporate Card Program

Credit Cards Continued…

Total Market Share

Market Share

VisaMastercardDiscoverAmerican Express

42%

21%

5%

32%

American ExpressMarket Cap:

$51BP/E:

27.73Profit Margin:

11.09%Return on

Equity:16.28%

Market Cap:$399B

P/E: NMProfit Margin: 3.1%Return on

Equity:3.1%

Industry

Industry

DFS AXP MA V Industry

Market Cap: 8.47B 51.06B 33.33B 68.40B 399.91M

Employ ees: 10,500 58,300 5,100 5,700 2.56KQtrly Rev Growth (yoy): 8.50% 12.50% 6.00% 12.70% 16.30%

Revenue (ttm): 2.50B 19.21B 5.10B 7.13B 183.88MGross Margin (ttm): 100.00% 76.30% 100.00% 84.16% 80.28%

EBITDA (ttm): N/A N/A 2.56B 3.98B 92.29MOper Margins (ttm): 13.47% 9.70% 47.43% 52.55% 25.91%

Net Income (ttm): 982.32M 1.81B 1.45B 2.54B N/A

EPS (ttm): 1.862 1.539 11.16 3.437 0.47

P/E (ttm): 8.37 27.73 22.9 26.9 12.98PEG (5 yr expected): 5.56 1.59 1.03 1.22 0.93

P/S (ttm): 3.33 2.6 6.5 9.6 1.56

Direct Competitors

P/E Ratio Estimate:$46.51

P/CF Ratio Estimate:$47.71

P/S Ratio Estimate:$57.47

Current Market Price:$43.06

Stock Price Estimates

BUY, BUY, BUY

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