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 provides payment solutions for banking, credit and disbursement services, earned wage access, gifts, incentives and rewards, and open banking and FX. The company estimates it has a serviceable addressable market worth A$114bn, which is growing at c 7% pa. It estimates it has less than a 0.2% share of this market, providing plenty of scope for growth.
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Jonathan Gatt
Group CFO
Kevin Murphy
Interim CEO
Forecast net debt (A$m)
11.7
Forecast gearing ratio (%)
6
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (14.6) | 15.3 | 36.0 |
Relative | (12.5) | 14.5 | 30.2 |
52 week high/low | A$1.3/A$0.6 |
EML Payments announced that on 23 April the Financial Conduct Authority (FCA) in the UK lifted the new customer restriction for Prepaid Financial Services Limited (PFSL), which had been in place since October 2022. With the appropriate structure and risk management controls now in place, PFSL can focus on growing the business. This marks another positive step forward for the group, after exiting PFS Card Services Ireland Limited (PFS), agreeing to sell Sentenial and finalising the settlement liabilities for the PFS acquisition.
Y/E Jun | Revenue (A$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 | 30.0 | 11.4 |
2023A | 254.2 | (2.6) | (22.8) | (4.869) | N/A | N/A |
2024E | 262.1 | 49.7 | 27.5 | 5.736 | 17.8 | 7.7 |
2025E | 238.0 | 62.5 | 41.4 | 8.610 | 11.8 | 6.1 |