Beforepay Group Limited (AU:B4P)
ASX:B4P
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Beforepay Group Limited
(Sydney:B4P)
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Rating:67Neutral
Price Target:
AU$1.50
▲(2.74% Upside)
Action:ReiteratedDate:05/09/26
The score is driven primarily by solid financial performance (strong margins and improved profitability, with a stable balance sheet) but held back by weak free cash flow generation. Valuation is supportive due to the low P/E, while technicals are mixed with negative MACD and the price still below longer-term moving averages.
Positive Factors
Very high gross margin
A 96.15% gross margin indicates a highly scalable, fee-based fintech model with minimal direct cost of goods sold. This structural margin cushion supports reinvestment, profitability despite credit volatility, and the ability to absorb higher provisioning without immediate margin compression.
Negative Factors
Weak free cash flow conversion
Severe FCF decline and a low FCF-to-net income ratio show limited cash conversion from reported profits. Over the medium term this constrains reinvestment, debt reduction or buffers against loan losses and increases dependence on external financing for growth or contingencies.
Read all positive and negative factors
Positive Factors
Negative Factors
Very high gross margin
A 96.15% gross margin indicates a highly scalable, fee-based fintech model with minimal direct cost of goods sold. This structural margin cushion supports reinvestment, profitability despite credit volatility, and the ability to absorb higher provisioning without immediate margin compression.
Read all positive factors
Beforepay Group Limited (B4P) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$74.20M
Dividend YieldN/A
Average Volume (3M)148.47K
Price to Earnings (P/E)7.2
Beta (1Y)<0.01
Revenue Growth17.41%
EPS Growth78.27%
CountryAU
Employees42
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.17
Shares Outstanding49,796,883
10 Day Avg. Volume124,067
30 Day Avg. Volume148,471
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.01
Price to Sales (P/S)1.97
P/FCF Ratio58.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.70Price Target Upside84.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$48.40M
Beforepay Group Limited Business Overview & Revenue Model
Company Description
Beforepay Group Limited provides pay-on-demand services through mobile applications in Australia. The company provides finance to individuals by way of pay advances. Beforepay Group Limited was incorporated in 2019 and is based in Sydney, Australia....
How the Company Makes Money
Beforepay Group Limited primarily makes money from fees and charges associated with its pay-on-demand wage access product (Beforepay), where customers access a portion of their earned wages before their payday and repay later. The company’s earnin...
Beforepay Group Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.88M | 40.17M | 35.31M | 30.71M | 15.28M | 4.50M |
| Gross Profit | 36.19M | 38.62M | 33.73M | 17.47M | 13.41M | 3.08M |
| EBITDA | 12.12M | 11.30M | 8.79M | -4.28M | -27.17M | -18.03M |
| Net Income | 8.14M | 6.74M | 3.86M | -6.64M | -29.14M | -19.60M |
Balance Sheet | ||||||
| Total Assets | 80.25M | 75.62M | 73.49M | 65.17M | 57.89M | 63.19M |
| Cash, Cash Equivalents and Short-Term Investments | 9.09M | 14.01M | 19.23M | 21.78M | 28.37M | 50.72M |
| Total Debt | 32.76M | 31.91M | 38.00M | 33.69M | 21.37M | 7.01M |
| Total Liabilities | 35.83M | 36.29M | 42.96M | 38.35M | 25.27M | 8.41M |
| Stockholders Equity | 44.42M | 39.33M | 30.53M | 26.83M | 32.63M | 54.78M |
Cash Flow | ||||||
| Free Cash Flow | 1.44M | 1.34M | -5.20M | -18.55M | -36.34M | -22.08M |
| Operating Cash Flow | 1.53M | 4.86M | -4.04M | -18.53M | -36.20M | -21.85M |
| Investing Cash Flow | -3.27M | -3.52M | -1.16M | -16.71K | -141.39K | -228.54K |
| Financing Cash Flow | -7.43M | -6.56M | 2.65M | 11.96M | 54.70M | 30.43M |
Beforepay Group Limited Technical Analysis
Negative
1.46
Price Trends
1.52
Negative
1.96
Negative
2.03
Negative
Market Momentum
-0.02
Negative
48.41
Neutral
74.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:B4P, the sentiment is Negative. The current price of 1.46 is above the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.52, and below the 200-day MA of 2.03, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.41 is Neutral, neither overbought nor oversold. The STOCH value of 74.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:B4P.
Beforepay Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$74.20M | 7.18 | 19.44% | ― | 17.41% | 78.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$26.84M | 0.19 | 350.35% | ― | 4.71% | ― | |
46 Neutral | AU$229.46M | -22.61 | -16.07% | ― | 20.17% | -16.67% | |
45 Neutral | AU$8.84M | -0.48 | -158.38% | ― | 35.38% | -21.62% | |
41 Neutral | AU$47.63M | -7.92 | -7.23% | ― | 21.24% | 16.33% |
* Technology Sector Average
AU:B4P
Beforepay Group Limited
1.49
0.21
16.41%
AU:DCC
DigitalX Limited
0.03
-0.03
-50.00%
AU:QFE
QuickFee Ltd.
0.07
0.05
311.76%
AU:WRK
Wrkr Ltd
0.12
0.06
91.67%
AU:SPX
Spenda Limited
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Beforepay Group Limited Corporate Events
Beforepay lifts personal loan growth and margins in Q3 FY26
Apr 27, 2026
Beforepay Group Limited reported continued growth in its Q3 FY26 update, with personal loan originations rising 73% quarter-on-quarter and access expanded to new customers. Total quarterly advances climbed 20% year-on-year to $241 million, revenue...
Beforepay to Unveil Q3 FY26 Results and Host Investor Webinar
Apr 21, 2026
Beforepay Group Limited, a Sydney-based fintech, focuses on ethical, consumer-friendly lending solutions such as small pay advances and personal loans, and supports institutional lenders via Carrington Labs with analytics designed to boost approva...
Beforepay Clears Expired Options and Lapsed Performance Rights From Capital Structure
Apr 16, 2026
Beforepay Group Limited has announced the cessation of a tranche of equity-linked instruments, including 17,647 options that expired unexercised on 21 February 2026 and 8,347 performance rights that lapsed on 20 March 2026 after their conditions w...
Beforepay outlines limits of guidance and use of non-IFRS metrics in ASX presentation
Mar 24, 2026
Beforepay Group Limited has released a presentation for the ASX SMIDcaps Conference dated 25 March 2026, outlining general information about the company and its financial disclosures. The document emphasises that it is not an offer or solicitation...
Beforepay Flags Half-Year 2025 Results in Investor Update
Feb 25, 2026
Beforepay Group Limited has released an investor deck outlining its half-year results to 31 December 2025, signalling ongoing engagement with the market and transparency around recent financial performance. The update, led by CEO Jamie Twiss and C...
Beforepay Half-Year Profit Surges Nearly 50% as Revenue Climbs
Feb 25, 2026
Beforepay Group Limited reported an 18.7% rise in revenue to $23.36 million for the half-year to 31 December 2025, with profit after tax attributable to owners jumping 49.7% to $4.21 million. Net tangible assets per share improved to $0.80 from $0...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.