Tyro Payments Ltd Ordinary Shares TYR

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A$0.90 −0.02 (1.65%)

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As of May 15, 2024 6:10am Delayed Price Closed

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Company Report

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Tyro Likely on Track Toward Continuing Profitability

Shaun Ler Feb 28, 2024

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.

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Price vs Fair Value

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TYR is trading at a 719% premium.

Price

A$0.90

May 15, 2024

Fair Value

A$4.14

Feb 27, 2024

Uncertainty

Very High

1-Star Price: A$4.78
5-Star Price: A$3.95
Economic Moat: Vkw
Capital Allocation: Qklnjskdwb

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 and bigger payment networks. As such, Tyro may need to match its larger peers in pricing over the long run.

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Trading Information

Previous Close Price: A$0.91
Day Range: A$0.88–0.92
52-Week Range: A$0.85–1.56
Bid/Ask: A$0.89 / A$0.90
Market Cap: A$469.03 Mil
Volume/Avg: 2.3 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized): 123.79
Price/Sales: 1.09
Dividend Yield (Trailing): —
Dividend Yield (Forward): —
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-size enterprises in the hospitality, retail and health sectors. It is also expanding its reach into the trade, accommodation and services verticals. 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: —
Website: https://www.tyro.com

Competitors

Valuation

Metric	TYR	CBA	SQ
Price/Earnings (Normalized)	123.79	21.20	31.75
Price/Book Value	2.54	2.74	2.32
Price/Sales	1.09	7.85	1.92
Price/Cash Flow	10.37	—	55.13

Price/Earnings

TYR

CBA

Financial Strength

Metric	TYR	CBA	SQ
Quick Ratio	0.78	—	1.63
Current Ratio	1.03	—	1.90
Interest Coverage	2.63	—	—

Quick Ratio

TYR

CBA

Profitability

Metric	TYR	CBA	SQ
Return on Assets (Normalized)	6.80%	0.80%	4.31%
Return on Equity (Normalized)	17.04%	13.77%	7.82%
Return on Invested Capital (Normalized)	15.65%	—	5.73%

Return on Assets

TYR

CBA

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