Added to YB: 2024-11-01
Pitch date: 2024-10-30
PAY.TO [bullish]
Payfare Inc.
+94.17%
current return
Author Info
Undervalued and undercovered searches for undervalued stocks with little coverage. Sign up for the newsletter.
Company Info
Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico.
Market Cap
CAD 189.8M
Pitch Price
CAD 2.06
Price Target
3.00 (-25%)
Dividend
N/A
EV/EBITDA
6.05
P/E
10.08
EV/Sales
0.47
Sector
Financial Services
Category
value
Payfare (PAY.TO)
PAY.TO: Strong cash position (~110M CAD) equals market cap. Lyft/Uber growth offsets DoorDash loss. Strategic review exploring M&A. 16.22% insider ownership. Est. 50M CAD rev, 5% margin. 35-50% upside potential. Core business valued 25-40M CAD. High ROIC (20%). Limited downside, solid upside if management executes well.
Read full article (2 min)