Qliro is a growth opportunity within e-Commerce payments. The payment and check-out service provider turned profitable in 2023 and aims for (international) expansion.

The shares are priced 50x PE TTM. Based on increasing payment volumes in 2024 I expect a strong growth in EPS. Assuming continued growth the share has 50% upside (50x EPS 2024) potential in the short term. Qliro recently issued 50Mkr new shares to invest in further expansion. 2023-2024 results show that the company has good potential for long-term growth.