Tyro Payments Ltd Ordinary Shares TYR

Morningstar Rating
A$0.71 +0.02 (2.17%)
View Full Chart

Company Report

Tyro Shares Are Undervalued

Tyro Payments provides merchants with the required infrastructure to accept electronic payments, as well as business banking products. It is the fifth-largest merchant acquirer in Australia by terminals, behind the major four banks. The firm mainly caters to small to medium-size enterprises in the hospitality, retail, and health sectors. It is also expanding into adjacent verticals like trade, accommodation, and services.

Price vs Fair Value

TYR is trading at a LOCK|!QnCH premium.
Price
A$0.71
Fair Value
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Uncertainty
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1-Star Price
B.l
5-Star Price
b.G
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Tyro’s growth outlook is strong, and there is potential for ongoing market share gains from smaller/generic merchant acquirers.

Bears

Tyro’s offerings are replicable by larger, better-resourced institutions with existing, larger payment networks. As such, Tyro may need to match its larger peers in pricing over the long run.

Trading Information

Previous Close Price
A$0.69
Day Range
A$0.68–0.71
52-Week Range
A$0.64–1.18
Bid/Ask
A$0.68 / A$0.72
Shares Outstanding
533.14M
Market Cap
A$375.85M
Volume/Avg
2M / 1M

Key Statistics

Price/Earnings (Normalized)
12.87
Price/Sales
0.80
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Tyro Payments is an Australian financial technology company engaged in providing routing-payments solutions and business banking products to merchants. The firm mainly caters to small- to medium-sized enterprises in the hospitality, retail and health sectors. It is also expanding its reach into adjacent new markets such as trade, accommodation and services. Tyro’s value propositions include extensive industry-specific solutions, ease of integration with point-of-sale systems, broad acceptance of payment types and a variety of ancillary features. Despite Tyro’s historic focus on in-store sales, it is also building up online gateways to facilitate e-commerce transactions and build out a multichannel payment solution. Geographically, it operates only in Australia.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Small Core
Total Number of Employees
—

Competitors

Valuation

Metric
TYR
XYZ
CBA
Price/Earnings (Normalized)
12.8724.9924.70
Price/Book Value
1.492.083.48
Price/Sales
0.801.869.18
Price/Cash Flow
—11.63—
Price/Earnings
TYR
XYZ
CBA

Financial Strength

Metric
TYR
XYZ
CBA
Quick Ratio
1.261.96—
Current Ratio
1.412.21—
Interest Coverage
17.524.61—
Quick Ratio
TYR
XYZ
CBA

Profitability

Metric
TYR
XYZ
CBA
Return on Assets (Normalized)
5.33%4.80%0.78%
Return on Equity (Normalized)
11.16%8.45%14.04%
Return on Invested Capital (Normalized)
10.44%6.80%—
Return on Assets
TYR
XYZ
CBA

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