Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Pharnext

    MCap

    1m

    Last close

    EUR0.10

    ▲ 0.03 (42.86%)

    MGI – Media and Games Invest

    MCap

    EUR235m

    Last close

    EUR1.50

    ▲ 0.35 (30.21%)

    OpGen

    MCap

    USD7m

    Last close

    USD0.49

    ▲ 0.08 (18.58%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

EML Payments (ASX: EML)

Last close As at 03/05/2024

AUD0.99

▲ 0.01 (1.02%)

Market capitalisation

AUD372m

EML Payments is a payment solutions company managing thousands of programmes across 32 countries in Europe, North America and Australia. It provides payment solutions for banking, credit and disbursement services, earned wage access, gifts, incentives and rewards, and open banking and FX.

EML estimates it has a serviceable addressable market worth A$114bn, which is growing at c 7% pa. It estimates it has less than a 0.2% share of this market, providing plenty of scope for growth.

Latest Insights

View More

TMT | Flash note

EML Payments — Growth cap lifted in the UK

TMT | Update

EML Payments — Cutting the final link to PFS vendors

TMT | Flash note

EML Payments — Sale of Sentenial agreed

TMT | Update

EML Payments — Looking to a brighter future
Visit Website

Sector

TMT

Equity Analyst

Katherine Thompson

Key Management

  • Jonathan Gatt

    Group CFO

  • Kevin Murphy

    Interim CEO

Balance Sheet

Forecast net debt (A$m)

11.7

Forecast gearing ratio (%)

6

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (17.5) 20.0 43.5
Relative (14.4) 21.3 36.4
52 week high/low A$1.3/A$0.6

Financials

On 14 March, EML Payments agreed to sell Sentenial to GoCardless for an enterprise value of €32.75m/A$54.1m, subject to regulatory approval. On 11 April, EML announced that it had entered into an agreement to settle all the outstanding deferred consideration payments relating to the acquisition of Prepaid Financial Services Group (PFS) for £15.0m/A$28.8m, which represents a £7.9m/A$15.2m discount to the originally agreed amount. This agreement concludes all outstanding actual and potential liabilities relating to the PFS acquisition in 2020. On 23 April, the Financial Conduct Authority lifted the cap on new customers for PFS Limited. These measures substantially strengthen EML’s balance sheet, simplify the group structure and enable the company to focus on profitable growth.

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 232.4 34.3 16.0 3.398 29.1 11.0
2023A 254.2 (2.6) (22.8) (4.869) N/A N/A
2024E 262.1 49.7 27.5 5.736 17.3 7.4
2025E 238.0 62.5 41.4 8.610 11.5 5.9

Update

TMT

EML Payments — Strategic review for sustainable growth

Flash note

TMT

EML Payments — New CEO launches strategic review

Flash note

TMT

EML Payments — More work to do in Europe

Update

TMT

EML Payments — Prepaid card contract win in Spain

Update

TMT

EML Payments — Weaker European business drives downgrades

Update

TMT

EML Payments — Improving outlook

Flash note

TMT

EML Payments — Making progress with the Irish regulator

Update

TMT

EML Payments — Reassuring Q1 update

Flash note

TMT

EML Payments — Bringing Sentenial into the fold

Update

TMT

EML Payments — Moving forward

Update

TMT

EML Payments — Update on Q3 trading and regulation

Update

TMT

EML Payments — Irish regulator raises issues

Update

TMT

EML Payments — Open sesame

Update

TMT

EML Payments — Showing the benefits of diversification

edison tv

TMT

EML Payments – executive interview

Initiation

TMT

EML Payments — Storing up value

edison tv

TMT

EML Payments – executive interview

QuickView

TMT

EML Payments — Creating value from stored value