Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
World Access, Inc., an Atlanta, Georgia-based company, operated as a global service provider, delivering customer support solutions primarily to businesses in the travel, financial, healthcare, and call center sectors. Its organizational structure involved six distinct entities: three offering comprehensive services and three focusing on specialized support. The full-service divisions included: World Access Service Corporation: catered to U.S. companies and those with staff or customers traveling to North America. World Access Canada: served Canadian enterprises. World Access Asia: focused on clients located in Eastern Asia, including Japan. Its specialized units were: World Access Europe: offered logistical and medical assistance to World Access members throughout the European region. World Access Provider Network Services. World Access Transport Services: handled the management and coordination of all medical evacuation and repatriation services. A notable event for the company was its voluntary petition for Chapter 11 bankruptcy protection, filed in April 2001, which also included several of its U.S. subsidiaries.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is neutral on EV/EBITDA.