TYRO PAYMENTS LIMITED (TYR)
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TYR

TYR - TYRO PAYMENTS LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 0.4
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.76

24 Mar
2025

-0.020

OPEN

$0.78

-2.56%

HIGH

$0.80

835,218

LOW

$0.76

TARGET
$1.234 62.4% upside
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CGR . COG . EML . EPY . FSA . HUM . JDO . LFS . MME . PLT . PPM . QAL . SIV . SMP . SVR . WZR . XYZ . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
TYR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 4.9 3.2 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% - 35.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 23.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx4.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx471.5 M
Book Value Per Share xxxxxxxxxxxxxxx39.6
Net Operating Cash Flow xxxxxxxxxxxxxxx48.8 M
Net Profit Margin xxxxxxxxxxxxxxx5.45 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.34 %
Return on Invested Capital xxxxxxxxxxxxxxx11.65 %
Return on Assets xxxxxxxxxxxxxxx5.83 %
Return on Equity xxxxxxxxxxxxxxx13.34 %
Return on Total Capital xxxxxxxxxxxxxxx14.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx47.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx27 M
Total Debt xxxxxxxxxxxxxxx32 M
Goodwill - Gross xxxxxxxxxxxxxxx14 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx102 M
Price To Book Value xxxxxxxxxxxxxxx2.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx13.3 M
Capex % of Sales xxxxxxxxxxxxxxx2.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx298 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx137 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx107 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgans

28/02/2025

1

Add

$1.60

110.53%

Tyro Payments reported 1H25 EBITDA of $33m, up 21%, slightly ahead of consensus, with NPAT doubling to $11m, in line with expectations, Morgans notes.

The broker highlights continued EBITDA margin expansion to 29.5% from 26%, driven by improved operating efficiency and a higher net payment margin of 37.6bps.

Transaction volumes fell -0.1% to $21.9bn, impacted by a -10% decline in volumes through Bendigo and Adelaide Bank ((BEN)), though the core book saw slight growth.

Morgans lowers FY25 EPS by -8% on higher D&A charges but raises FY26 EPS by 1% on improved margins.

Target price lifts to $1.60 from $1.51. Add rating unchanged.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.00 cents.
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Wilsons

18/03/2025

1

Overweight

$1.15

51.32%

Wilsons notes Tyro Payments has offered to buy 100% of Smartpay ((SMP)) via a combination of its shares and cash. Smartpay has also received an offer from another international company. The broker speculates it is Shift4.

Due diligence has been granted by Smartpay to the two parties, with reciprocal also granted by Tyro to Smartpay. 

The broker believes it will be challenging for the Tyro deal to succeed, including the potential for Smartpay's shareholder to block the deal.

The broker reckons Tyro may also face challenges from its own shareholders, particularly given the experience from the Bendigo Bank ((BEN)) deal.

The broker also sees the possibility of an additional bidder entering this space. Overweight rating and $1.15 target price.

FORECAST
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.80 cents.
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.50 cents.
Access Extra Coverage Research History >

TYR STOCK CHART

FNArena News on TYR

1
Weekly Ratings, Targets, Forecast Changes – 21-03-25

Mar 24 2025 - Weekly Reports
2
Next Week At A Glance 24-28 Mar 2025

Mar 21 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Mar 19, 2025

Mar 19 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 18, 2025

Mar 18 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 07-03-25

Mar 10 2025 - Weekly Reports

Latest Business & Consumer Credit News

1
Zip Co Shares To Continue Uptrend

Nov 26 2024 - Technicals
2
Are SmartPay & Tyro Private Equity Targets?

Oct 23 2024 - Small Caps
3
COG Financial Services Screens ‘Too Cheap’

Oct 18 2024 - Small Caps
4
Strong Growth Prospects For Judo Capital

Oct 11 2024 - Small Caps
5
Is Judo Capital Too Ambitious?

Aug 22 2024 - Small Caps
6
Zip Co, The Lazarus Of BNPL

Jul 05 2024 - Small Caps
7
Judo Answers The Critics

Jan 24 2024 - Small Caps
8
BNPL To Be Regulated In Australia

Jun 01 2023 - Australia
9
Tyro Payments Doubles Down On Savings

Oct 12 2022 - Small Caps
10
Block Still Paying For Afterpay Acquisition

Aug 11 2022 - Australia