Beforepay Group Limited (AU:B4P)
ASX:B4P
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Beforepay Group Limited
(Sydney:B4P)
Select Model
Select Model
Rating:63Neutral
Price Target:
AU$1.50
▲(2.74% Upside)
Action:ReiteratedDate:03/10/26
The score is supported by strong profitability metrics and an attractive low P/E valuation, but it is held back by weak technicals (price well below major moving averages with negative MACD) and cash flow concerns, particularly poor free cash flow generation despite positive operating cash flow.
Positive Factors
High margins & profitability
Extremely high gross margin and healthy operating margins indicate a low variable-cost, scalable digital lending model. Sustained margins improve durable cash generation, provide a buffer versus credit losses, and fund product development and customer acquisition over the medium term.
Negative Factors
Weak free cash flow conversion
Sharp negative FCF growth and low FCF-to-income show earnings are not translating into spendable cash. This constrains capital allocation for marketing, technology and debt reduction, and may force external financing or slower organic expansion, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins & profitability
Extremely high gross margin and healthy operating margins indicate a low variable-cost, scalable digital lending model. Sustained margins improve durable cash generation, provide a buffer versus credit losses, and fund product development and customer acquisition over the medium term.
Read all positive factors
Beforepay Group Limited (B4P) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$72.70M
Dividend YieldN/A
Average Volume (3M)148.47K
Price to Earnings (P/E)7.2
Beta (1Y)-0.02
Revenue Growth13.74%
EPS Growth70.80%
CountryAU
Employees42
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.08
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$3.00Price Target Upside105.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$49.00M
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 makes money primarily by charging fees and/or interest associated with providing short-term funds to customers. For its wage-access product (Beforepay), revenue is generated from customer fees charged when users draw down f...
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
1.72
Negative
2.12
Negative
2.04
Negative
Market Momentum
-0.06
Negative
42.40
Neutral
23.92
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 below the 20-day moving average (MA) of 1.52, below the 50-day MA of 1.72, and below the 200-day MA of 2.04, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 42.40 is Neutral, neither overbought nor oversold. The STOCH value of 23.92 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$72.70M | 7.18 | 19.30% | ― | 13.74% | 70.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$31.05M | 0.19 | 350.35% | ― | 24.46% | 24.10% | |
46 Neutral | AU$199.53M | -22.61 | -16.07% | ― | 10.79% | 46.67% | |
45 Neutral | AU$11.75M | -0.48 | -158.38% | ― | 106.21% | -60.61% | |
41 Neutral | AU$43.17M | -7.92 | -7.23% | ― | 40.28% | 13.33% |
* Technology Sector Average
AU:B4P
Beforepay Group Limited
1.46
0.42
40.38%
AU:DCC
DigitalX Limited
0.03
-0.02
-44.23%
AU:QFE
QuickFee Ltd.
0.08
0.05
170.00%
AU:WRK
Wrkr Ltd
0.10
0.04
66.67%
AU:SPX
Spenda Limited
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Beforepay Group Limited Corporate Events
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...
Beforepay Balances Growth Investments With Seasonal Profit Dip in Q2 FY26
Jan 27, 2026
Beforepay Group Limited reported Q2 FY26 net profit before tax of $0.3 million, sharply lower than the prior quarter, as higher holiday-season defaults and increased investment in Carrington Labs and its personal lending product weighed on earning...
Beforepay Sets 28 January Release for Q2 FY26 Update and Investor Webinar
Jan 20, 2026
Beforepay Group Limited will release its Q2 FY26 quarterly activities report and Appendix 4C cash flow statement before the market opens on 28 January 2026, and will host an investor webinar the same day at 10:00am AEDT. CEO Jamie Twiss and CFO La...
Beforepay Trims Potential Share Dilution as Options and Rights Lapse
Jan 14, 2026
Beforepay Group Limited has announced the cessation of certain equity-linked securities, including options and performance rights, affecting its issued capital structure on the ASX. The company reported that 2,064 options expired unexercised on 31...
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.