Beforepay Group Limited (B4P) AI Stock Analysis

• Market Cap: AU$131.46M
• Dividend Yield: N/A
• Average Volume (3M): 148.47K
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.03
• Revenue Growth: 13.74%
• EPS Growth: 70.80%
• Country: AU
• Employees: 42
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.07
• Shares Outstanding: 49,796,883
• 10 Day Avg. Volume: 124,067
• 30 Day Avg. Volume: 148,471
• PEG Ratio: 0.13
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 1.97
• P/FCF Ratio: 58.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.00
• Price Target Upside: 14.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: AU$3.00 ▲(14.94% Upside)

Beforepay Group Limited's stock is supported by strong financial performance and positive technical indicators. The company's ability to maintain profitability and manage leverage effectively is a key strength. However, challenges in free cash flow generation and the lack of dividend yield are areas to watch. The stock's valuation is reasonable, making it an attractive option for growth-focused investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a robust business model and expanding market presence, supporting long-term financial stability.

Profitability Improvements

Improved profitability margins reflect efficient cost management and operational effectiveness, enhancing the company's competitive edge.

Leverage Management

Better leverage management reduces financial risk and enhances the company's ability to invest in growth opportunities.

Negative Factors

Free Cash Flow Challenges

Negative free cash flow growth limits the company's ability to fund new projects and may strain its financial flexibility over time.

Revenue Growth Fluctuations

Inconsistent revenue growth can create uncertainty in financial planning and may affect investor confidence in the company's growth trajectory.

Limited Cash Flow Relative to Net Income

Limited cash flow relative to net income may constrain the company's ability to reinvest in its business, affecting long-term growth potential.

Beforepay Group Limited Business Overview & Revenue Model

Company Description

Beforepay Group Limited (B4P) is a financial technology company that specializes in providing flexible payment solutions, primarily through its 'pay-on-demand' service. The company operates in the fintech sector, focusing on helping consumers access their earned wages before their scheduled payday, thus promoting financial well-being and budgeting flexibility. B4P's core products include its mobile application and platform that enable users to request early access to their wages, along with additional features that support responsible financial management.

How the Company Makes Money

Beforepay Group Limited generates revenue through transaction fees charged to employers for facilitating early wage access to their employees. When a user accesses a portion of their earned wages before payday, B4P typically collects a fee that is either a percentage of the accessed amount or a fixed fee. Additionally, the company may earn revenue through partnerships with employers and payroll service providers that integrate its services into their payment systems. These partnerships can lead to increased transaction volumes, enhancing B4P's revenue potential. The company also focuses on responsible lending practices, which can contribute to customer retention and long-term revenue growth.

Beforepay Group Limited Financial Statement Overview

Summary

Beforepay Group Limited has demonstrated strong revenue growth and profitability improvements, with high margins and better leverage management. However, challenges in free cash flow generation could affect future investments.

Income Statement

Beforepay Group Limited has shown a strong revenue growth rate of 7.29% in the latest year, with a high gross profit margin of 96.15%. The net profit margin has improved to 16.79%, indicating enhanced profitability. The EBIT and EBITDA margins are also healthy at 25.60% and 28.13%, respectively, reflecting efficient operational management. However, the company has experienced fluctuations in revenue growth in previous years, which could pose a risk if not stabilized.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.81, indicating a more balanced leverage compared to previous years. Return on equity has increased to 17.14%, showcasing better utilization of equity to generate profits. The equity ratio stands at 51.99%, reflecting a stable financial position. However, the company has had higher leverage in the past, which could be a concern if not managed properly.

Cash Flow

Operating cash flow has turned positive, with a coverage ratio of 1.02, indicating sufficient cash flow to cover net income. However, free cash flow growth is negative at -143.95%, which could impact future investments. The free cash flow to net income ratio is 0.28, suggesting limited cash flow relative to net income. The company needs to focus on improving free cash flow generation to support long-term growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.28M	40.17M	35.31M	30.71M	15.28M	4.50M
Gross Profit	38.64M	38.62M	33.73M	17.47M	13.41M	3.08M
EBITDA	11.05M	11.30M	8.79M	-4.28M	-27.17M	-18.03M
Net Income	6.74M	6.74M	3.86M	-6.64M	-29.14M	-19.60M
Balance Sheet
Total Assets	75.62M	75.62M	73.49M	65.17M	57.89M	63.19M
Cash, Cash Equivalents and Short-Term Investments	14.01M	14.01M	19.23M	21.78M	28.37M	50.72M
Total Debt	31.91M	31.91M	38.00M	33.69M	21.37M	7.01M
Total Liabilities	36.29M	36.29M	42.96M	38.35M	25.27M	8.41M
Stockholders Equity	39.33M	39.33M	30.53M	26.83M	32.63M	54.78M
Cash Flow
Free Cash Flow	4.79M	1.34M	-5.20M	-18.55M	-36.34M	-22.08M
Operating Cash Flow	4.86M	4.86M	-4.04M	-18.53M	-36.20M	-21.85M
Investing Cash Flow	-3.52M	-3.52M	-1.16M	-16.71K	-141.39K	-228.54K
Financing Cash Flow	-6.56M	-6.56M	2.65M	11.96M	54.70M	30.43M

Beforepay Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:B4P, the sentiment is Positive. The current price of 2.61 is below the 20-day moving average (MA) of 2.62, above the 50-day MA of 2.47, and above the 200-day MA of 1.80, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 51.61 is Neutral, neither overbought nor oversold. The STOCH value of 28.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:B4P.

Beforepay Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B4P	71 Outperform	AU$131.46M	18.80	19.30%	―	13.74%	70.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WRK	52 Neutral	AU$247.01M	-81.25	-19.83%	―	10.79%	46.67%
QFE	50 Neutral	AU$43.54M	-9.13	-60.86%	―	24.46%	24.10%
DCC	38 Underperform	AU$65.51M	―	-11.14%	―	40.28%	13.33%
SPX	37 Underperform	AU$14.59M	―	-97.38%	―	106.21%	-60.61%

Beforepay Group Limited Corporate Events

Beforepay Group Limited Reports Successful AGM Outcomes

Beforepay Group Limited announced the successful outcomes of its 2025 Annual General Meeting, where all resolutions were passed by poll. Notably, the adoption of the Remuneration Report received over 75% approval, and the re-elections of directors Daniel Moss and Stefan Urosevic were overwhelmingly supported. These results reflect strong shareholder confidence and may positively influence the company’s strategic direction and stakeholder relationships.

Beforepay Group Limited’s 2025 AGM Highlights Strategic Focus

Beforepay Group Limited announced the presentation of its CEO at the 2025 Annual General Meeting, highlighting its ongoing commitment to supporting Australians with financial services that address cash-flow challenges. The company’s dual focus on consumer lending and enterprise solutions positions it strategically within the financial services industry, potentially enhancing its market presence and stakeholder value.

Beforepay Group Limited Reports Strong FY25 Performance and Strategic Progress

Beforepay Group Limited reported a robust financial performance for FY25, with a 74% increase in net profit after tax to $6.7 million and a 14% rise in revenue to $40.2 million. The company has improved its credit performance, with net defaults decreasing to 1.1%, and has made strategic progress in its core pay-advance business, Carrington Labs, and personal loans. The company is well-positioned for growth, leveraging its technology platform and risk framework, and maintaining financial discipline and governance.

Beforepay Group Limited Announces Upcoming Annual General Meeting

Beforepay Group Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 26, 2025, to be held both physically in Sydney and virtually. The company emphasizes the importance of shareholder participation, offering online voting and question submission options to ensure engagement. This meeting is crucial for stakeholders as it affects their shareholding and involves voting on resolutions that will shape the company’s future direction.

Beforepay Group to Release Q1 FY26 Report and Host Investor Webinar

Beforepay Group Limited announced the release of its Q1 FY26 Quarterly Activities and Cash Flow Report, scheduled for 22 October 2025. The company will host a webinar on the same day, featuring CEO Jamie Twiss and CFO Laavanya Pari, who will discuss business highlights and activities. This announcement reflects Beforepay’s commitment to transparency and engagement with its investors and stakeholders.

Beforepay Group Limited Announces Cessation of Securities

Beforepay Group Limited has announced the cessation of certain securities, including options and performance rights, due to either expiry or failure to meet conditional requirements. This development may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s financial strategies and future growth prospects.

Beforepay Group Limited Issues New Performance Rights

Beforepay Group Limited has announced the issuance of 436,961 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to align employee interests with corporate goals, potentially enhancing operational performance and stakeholder value.

Cheq Invest Ceases Substantial Holding in Beforepay Group

Cheq Invest Pty Ltd, as trustee of the Cheq Invest Unit Trust, has ceased to be a substantial holder in Beforepay Group Limited as of September 23, 2025. This change in substantial holding, involving an on-market trade of 2,437,500 ordinary shares at $1.80 per share, may impact Beforepay’s shareholder structure and influence its market positioning.

Beforepay Group Expands with New Share Issuance

Beforepay Group Limited announced the issuance of 397,615 fully paid ordinary shares following the exercise of options, in compliance with the Corporations Act 2001. This strategic move reflects Beforepay’s adherence to regulatory standards and supports its operational expansion, potentially enhancing its market positioning and stakeholder value.

Beforepay Group Limited Announces Quotation of New Securities on ASX

Beforepay Group Limited has announced the quotation of 397,615 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of September 12, 2025. This move is part of the company’s strategy to enhance liquidity and provide more investment opportunities for stakeholders, potentially strengthening its market position and operational capabilities.