Financials HiPay Group

Equities

ALHYP

FR0012821916

Business Support Services

Market Closed - Euronext Paris Other stock markets 10:59:55 2024-04-30 am EDT			5-day change	1st Jan Change
8.1 ^EUR	-1.22%		+1.25%	+14.41%

Apr. 12	Global markets live: BP, Apple, Vodafone, Ford, Lockheed Martin...
Apr. 12	HiPay: surrounded after a return to profits in 2023	CF

Valuation

Fiscal Period: December	2018	2020	2021	2022	2023	2024	2025
Capitalization ¹	39.54	64.66	91.38	17.31	40.18	40.18	-
Enterprise Value (EV) ¹	39.54	64.66	110.7	41.06	35.12	55.08	49.48
P/E ratio	-	-34.3 x	-20.9 x	-2.22 x	-810 x	10.9 x	8.44 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	1.37 x	-	1.7 x	0.29 x	0.54 x	0.57 x	0.54 x
EV / Revenue	1.37 x	-	2.05 x	0.7 x	0.54 x	0.79 x	0.66 x
EV / EBITDA	-	-	39.6 x	31.6 x	3.58 x	5.62 x	4.54 x
EV / FCF	-	-	57.4 x	-14.3 x	15.2 x	8.1 x	6.43 x
FCF Yield	-	-	1.74%	-6.98%	6.59%	12.3%	15.6%
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	4,955	4,955	4,961	4,961	4,961	4,961	-
Reference price ²	7.980	13.05	18.42	3.490	8.100	8.100	8.100
Announcement Date	2/21/19	5/1/21	4/7/22	4/6/23	4/11/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2020	2021	2022	2023	2024	2025
Net sales ¹	28.8	-	53.9	58.9	65.5	70	74.6
EBITDA ¹	-	-	2.798	1.3	9.8	9.8	10.9
EBIT ¹	-	-	-0.68	-3.227	4.9	4.9	5.9
Operating Margin	-	-	-1.26%	-5.48%	7.48%	7%	7.91%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	-	-1.878	-4.348	-7.781	2.2	3.7	4.8
Net margin	-	-	-8.07%	-13.21%	3.36%	5.29%	6.43%
EPS ²	-	-0.3800	-0.8800	-1.570	-0.0100	0.7400	0.9600
Free Cash Flow ¹	-	-	1.927	-2.865	4.1	6.8	7.7
FCF margin	-	-	3.58%	-4.86%	6.26%	9.71%	10.32%
FCF Conversion (EBITDA)	-	-	68.87%	-	57.75%	69.39%	70.64%
FCF Conversion (Net income)	-	-	-	-	-	183.78%	160.42%
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	2/21/19	5/1/21	4/7/22	4/6/23	4/11/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S1	2022 Q2	2022 Q3
Net sales ¹	16.8	-	14.3
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	-	-3.589	-
Net margin	-	-	-
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	7/25/19	9/15/22	10/27/22

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	19.3	23.7	22	14.9	9.3
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	6.892 x	18.27 x	3.099 x	1.52 x	0.8532 x
Free Cash Flow ¹	-	-	1.93	-2.87	4.1	6.8	7.7
ROE (net income / shareholders' equity)	-	-	-	-	0.3%	12.9%	14.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	1.8%	2.2%
Assets ¹	-	-	-	-	-	205.6	218.2
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	4.89	4.66	3.5	3.6	3.8
Capex / Sales	-	-	9.07%	7.9%	5.34%	5.14%	5.09%
Announcement Date	2/21/19	5/1/21	4/7/22	4/6/23	4/11/24	-	-

¹EUR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for HiPay Group

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.1 EUR

Average target price

18 EUR

Spread / Average Target

+122.22%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Transaction & Payment Services

	1st Jan change	Capi.
HIPAY GROUP	+14.41%	42.97M
FISERV, INC.	+14.35%	89.33B
PAYPAL HOLDINGS, INC.	+8.17%	71.5B
BLOCK, INC.	-12.53%	45.36B
GLOBAL PAYMENTS INC.	-7.89%	31.32B
CORPAY, INC.	+7.03%	21.71B
WISE PLC	-11.73%	9.97B
WEX INC.	+8.28%	8.85B
NEXI S.P.A	-26.03%	7.68B
EURONET WORLDWIDE, INC.	+6.41%	4.71B

Transaction & Payment Services