EarlyPay Limited (AU:EPY)
ASX:EPY
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EarlyPay Limited
(Sydney:EPY)
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Rating:53Neutral
Price Target:
AU$0.12
▼(-35.79% Downside)
Action:Reiterated
Date:05/14/26
The score is mainly constrained by weak technical momentum (below all major moving averages with negative MACD and very low RSI/Stoch) and moderate financial risk from high leverage and shrinking revenue/free cash flow growth. Strong EBIT/EBITDA margins and a high dividend yield provide partial support but do not fully offset these pressures.
Positive Factors
Operating Efficiency
Very high EBIT and EBITDA margins indicate efficient underwriting and tight cost control in core receivables finance. These margins provide a durable buffer to absorb credit losses and fund growth investments, supporting long‑term profitability if scale and credit quality are maintained.
Negative Factors
High Leverage
A debt/equity ratio above 3 indicates material reliance on borrowed funds to finance receivables. High leverage amplifies earnings volatility, increases refinancing and interest rate risk, and constrains strategic flexibility if funding conditions tighten or credit stress rises.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Efficiency
Very high EBIT and EBITDA margins indicate efficient underwriting and tight cost control in core receivables finance. These margins provide a durable buffer to absorb credit losses and fund growth investments, supporting long‑term profitability if scale and credit quality are maintained.
Read all positive factors
EarlyPay Limited (EPY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.41M
Dividend Yield4.27%
Average Volume (3M)192.06K
Price to Earnings (P/E)19.4
Beta (1Y)0.48
Revenue Growth-5.15%
EPS Growth-9.52%
CountryAU
Employees44
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding245,084,720
10 Day Avg. Volume228,682
30 Day Avg. Volume192,062
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)0.72
Price to Sales (P/S)1.04
P/FCF Ratio6.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EarlyPay Limited Business Overview & Revenue Model
Company Description
Earlypay Limited, established in 2001 and headquartered in North Sydney, Australia, delivers a comprehensive suite of financial solutions to businesses across the country. Its operations are structured across three key divisions: Invoice Finance, ...
How the Company Makes Money
EarlyPay makes money primarily by earning income from providing receivables finance and related working-capital facilities. Revenue is generally generated through (1) finance income/interest charged on funds advanced against customer invoices or r...
EarlyPay Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.63M | 50.93M | 54.56M | 60.54M | 25.95M | 42.51M |
| Gross Profit | 32.50M | 30.08M | 40.62M | 41.48M | 6.28M | 24.96M |
| EBITDA | 19.55M | 24.32M | 25.66M | 10.47M | 27.32M | 22.06M |
| Net Income | 1.55M | 2.87M | 2.45M | -7.74M | 13.22M | 7.24M |
Balance Sheet | ||||||
| Total Assets | 319.67M | 314.61M | 314.04M | 360.30M | 492.83M | 376.43M |
| Cash, Cash Equivalents and Short-Term Investments | 35.90M | 37.56M | 40.13M | 52.99M | 52.71M | 44.77M |
| Total Debt | 245.94M | 236.32M | 236.72M | 280.36M | 293.97M | 207.41M |
| Total Liabilities | 249.57M | 240.56M | 241.43M | 286.81M | 407.74M | 317.92M |
| Stockholders Equity | 70.10M | 74.05M | 72.61M | 73.48M | 85.09M | 58.51M |
Cash Flow | ||||||
| Free Cash Flow | 7.02M | 8.79M | 8.24M | 8.30M | 11.95M | 4.39M |
| Operating Cash Flow | 7.05M | 9.12M | 9.33M | 9.21M | 12.68M | 4.81M |
| Investing Cash Flow | -7.80M | -9.73M | 24.39M | 11.72M | -84.23M | -37.73M |
| Financing Cash Flow | 4.21M | -1.96M | -46.58M | -20.65M | 79.49M | 39.49M |
EarlyPay Limited Technical Analysis
Negative
0.19
Price Trends
0.13
Negative
0.15
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
44.12
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EPY, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.13, and above the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.12 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EPY.
EarlyPay Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$81.70M | 8.53 | 24.85% | ― | 10.39% | ― | |
53 Neutral | AU$29.41M | 19.35 | 2.15% | 4.27% | -5.15% | -9.52% | |
52 Neutral | AU$108.91M | 7.20 | 23.10% | ― | 7.36% | ― | |
43 Neutral | AU$31.72M | -2.90 | -26.13% | ― | 7.47% | 5.97% | |
43 Neutral | AU$68.27M | -1.36 | -43.76% | ― | 17.04% | -121.43% | |
41 Neutral | AU$5.72M | -0.99 | -36.66% | ― | 13.59% | 66.07% |
* Financial Sector Average
AU:EPY
EarlyPay Limited
0.12
-0.07
-36.84%
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0.27
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0.02
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-86.36%
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Pioneer Credit Ltd
0.69
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37.00%
AU:MME
MoneyMe Ltd.
0.08
-0.08
-47.50%
EarlyPay Limited Corporate Events
EarlyPay Updates Market on Progress of On‑Market Share Buy‑Back
May 12, 2026
EarlyPay Ltd has been actively conducting an on‑market share buy‑back of its ordinary fully paid shares as part of its capital management strategy. The latest update, lodged on 13 May 2026, reports that the company has repurchased a to...
EarlyPay updates market on progress of on‑market share buy‑back
May 5, 2026
EarlyPay Ltd has provided an updated notification to the ASX on the progress of its on‑market share buy‑back program for its ordinary fully paid shares. The company reported that, as of 6 May 2026, it had repurchased a cumulative 18,83...
EarlyPay Updates ASX on Progress of Ongoing Share Buy‑Back
May 4, 2026
EarlyPay Ltd has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back of ordinary fully paid shares under code EPY. The update, dated 5 May 2026, reflects the company’s continued execution of...
EarlyPay appoints new director with no current equity interest
May 1, 2026
EarlyPay Limited has appointed Melos Anthony Sulicich as a director, effective 1 May 2026, signalling a forthcoming change in the company’s board composition. According to the initial director’s interest notice, Sulicich currently hold...
EarlyPay cancels 12.6 million shares in on-market buy-back
May 1, 2026
EarlyPay Ltd has cancelled 12,600,618 fully paid ordinary shares on 30 April 2026 as part of an on-market share buy-back. The move reduces the company’s issued capital and may have implications for earnings per share and capital management s...
EarlyPay Updates Market on Progress of On-Market Share Buy-Back
Apr 30, 2026
EarlyPay Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest filing confirms that the company continues to actively repurchase stock, indicating ...
Earlypay Provides Daily Update on Ongoing On-Market Share Buy-Back
Apr 30, 2026
Earlypay Ltd, listed on the ASX under ticker EPY, has been actively managing its capital structure through an on-market share buy-back of its ordinary fully paid shares. The company previously notified the market of this program in November 2024 a...
Earlypay Adds Veteran Banker Melos Sulicich to Board as Growth Adviser
Apr 28, 2026
Earlypay Limited has appointed veteran banking executive Melos Sulicich as a Non-Executive Director and Chair of its Remuneration and Nomination Committee, effective 1 May 2026. Sulicich brings more than four decades of experience leading and tran...
EarlyPay updates market on progress of on-market share buy-back
Apr 27, 2026
EarlyPay Ltd has provided an updated notification to the ASX regarding its on-market share buy-back program for its ordinary fully paid shares. The update, dated 28 April 2026, reports that a total of 18,643,151 shares had been repurchased before ...
EarlyPay Director Stephen White Steps Down With No Equity Interests Disclosed
Apr 24, 2026
EarlyPay Limited has announced that Stephen White has ceased to be a director of the company as of 23 April 2026, in line with ASX disclosure requirements. The final director’s interest notice confirms that White held no relevant interests i...
EarlyPay Reports Ongoing Progress in On-Market Share Buy-Back
Apr 23, 2026
EarlyPay Ltd has updated the market on its ongoing on-market share buy-back program involving its ordinary fully paid shares listed on the ASX under ticker EPY. The company reported that a total of 18,565,789 shares had been repurchased before the...
Earlypay director Stephen White steps down from board
Apr 23, 2026
Earlypay Limited, a specialist in working capital and equipment finance for Australian SMEs, has built a long-standing presence in the market by helping businesses bridge cash flow gaps and fund essential capital investments. Its core products ena...
EarlyPay Ramps Up On-Market Share Buy-Back With Daily Repurchases
Apr 22, 2026
EarlyPay Ltd, an ASX-listed financial services provider focused on working capital and funding solutions for SMEs, continues to actively manage its capital structure through an on-market share buy-back of its ordinary fully paid shares. The compan...
EarlyPay Updates Market on Progress of On-Market Share Buy-Back
Apr 20, 2026
EarlyPay Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that, as of the latest daily update dated 21 April 2026, it has bought bac...
EarlyPay Updates Market on Progress of Ongoing On-Market Share Buy-Back
Apr 16, 2026
EarlyPay Ltd, the ASX-listed provider of working capital finance to Australian businesses, continues to operate under the ticker EPY with a focus on invoice and asset-based lending solutions for SMEs. The company targets firms seeking flexible fun...
EarlyPay updates market on ongoing on‑market share buy‑back
Apr 12, 2026
EarlyPay Ltd has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares, listed under the ASX code EPY. The company reported that a total of 16,800,582 shares had been repurchased prior to the latest ...
EarlyPay Updates Market on Progress of On-Market Share Buy-Back
Apr 7, 2026
EarlyPay Ltd has provided an update on its ongoing on-market share buy-back program, confirming that a total of 14,430,394 ordinary fully paid shares had been repurchased before the latest reporting day. The company also disclosed that it bought b...
EarlyPay Issues 1.64 Million Unquoted Rights Under Employee Incentive Scheme
Mar 30, 2026
EarlyPay Ltd has notified the market of the issue of 1,639,000 unquoted rights under its employee incentive scheme, effective 30 March 2026. The additional rights, which are not intended to be quoted on the ASX, underscore the company’s use ...
EarlyPay Updates Market on Progress of On‑Market Share Buy‑Back
Mar 29, 2026
EarlyPay Ltd has provided an updated notification to the ASX on the progress of its on-market share buy-back program for its ordinary fully paid shares. The latest filing, dated 30 March 2026, reports that a total of 13,888,751 shares had been bou...
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.