EarlyPay Limited (AU:EPY)
ASX:EPY
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EarlyPay Limited
(Sydney:EPY)
Select Model
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Rating:65Neutral
Price Target:
AU$0.16
▼(-15.26% Downside)
Action:ReiteratedDate:09/11/25
EarlyPay Limited's overall stock score reflects a balance of strong operational efficiency and stable technical indicators, offset by challenges in revenue growth and high leverage. The stock's valuation is reasonable, with a moderate P/E ratio and an attractive dividend yield. The absence of earnings call data and corporate events does not impact the score.
Positive Factors
High operating margins
Sustained high EBIT and EBITDA margins indicate durable operational efficiency and disciplined cost control in EarlyPay's lending operations. Strong margins provide buffer against credit losses and funding cost volatility, supporting reinvestment into product capabilities and stable profit generation over time.
Negative Factors
High leverage
A debt-to-equity ratio above 3x implies material financial leverage that heightens sensitivity to rising funding costs or credit stress. High leverage constrains capital flexibility, raises refinancing risk, and can amplify earnings volatility if credit losses or margin compression occur.
Read all positive and negative factors
Positive Factors
Negative Factors
High operating margins
Sustained high EBIT and EBITDA margins indicate durable operational efficiency and disciplined cost control in EarlyPay's lending operations. Strong margins provide buffer against credit losses and funding cost volatility, supporting reinvestment into product capabilities and stable profit generation over time.
Read all positive factors
EarlyPay Limited (EPY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$38.86M
Dividend Yield4.27%
Average Volume (3M)192.06K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-6.67%
EPS Growth22.09%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding259,034,700
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 offers financial solutions to businesses in Australia. It operates through Invoice Finance, Equipment Finance, and Other Services segments. The company offers invoice factoring and discounting, and clean energy finance services, a...
How the Company Makes Money
EarlyPay primarily makes money by providing working-capital funding against customer invoices/receivables and charging for that finance. Key revenue streams typically include: (1) finance income (interest or discount charges) earned on funds advan...
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
0.17
Negative
0.19
Negative
0.19
Negative
Market Momentum
>-0.01
Positive
32.55
Neutral
22.22
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 0.16, above the 50-day MA of 0.17, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.55 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 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% | |
65 Neutral | AU$38.86M | -179.71 | 3.91% | 4.27% | -6.67% | 22.09% | |
58 Neutral | AU$80.64M | 3.91 | 24.31% | ― | 7.92% | ― | |
52 Neutral | AU$94.60M | 2.59 | 23.10% | ― | -0.51% | ― | |
44 Neutral | AU$35.23M | -2.58 | -19.44% | ― | -2.35% | 13.33% | |
43 Neutral | AU$65.83M | -1.10 | -43.76% | ― | -9.56% | -392.31% | |
40 Underperform | AU$15.30M | -3.94 | -36.66% | ― | 8.28% | 84.45% |
* Financial Sector Average
AU:EPY
EarlyPay Limited
0.15
-0.07
-31.82%
AU:HMY
Harmoney Corp Ltd
0.78
0.32
68.48%
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Wisr Ltd.
0.02
>-0.01
-33.33%
AU:BTN
Butn Limited
0.04
-0.06
-60.00%
AU:PNC
Pioneer Credit Ltd
0.60
0.18
41.67%
AU:MME
MoneyMe Ltd.
0.08
-0.05
-40.00%
EarlyPay Limited Corporate Events
EarlyPay updates market on progress of daily share buy‑back
Mar 25, 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, coded EPY. The filing confirms that the company is continuing to execute daily repu...
EarlyPay Continues On‑Market Share Buy‑Back Program
Mar 15, 2026
EarlyPay Ltd has provided an updated notification to the ASX confirming ongoing on‑market buy‑back activity in its ordinary fully paid shares. The company reported that a total of 12,584,865 shares had been repurchased before the previ...
EarlyPay Details Ongoing On‑Market Share Buy‑Back Activity
Mar 12, 2026
EarlyPay Ltd has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares traded under the ASX code EPY. The company reported that a total of 12,184,865 shares had been repurchased before th...
EarlyPay logs latest daily on‑market share buy‑back
Mar 10, 2026
EarlyPay Ltd has been conducting an on‑market share buy‑back of its ordinary fully paid shares, as part of a capital management program first notified in November 2024. The company reported that, as of the latest daily update on 11 Mar...
EarlyPay Steps Up Daily On‑Market Share Buy-Back Activity
Mar 9, 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 10 March 2026, confirms that the company continues to execute its pre...
EarlyPay Updates Market on Progress of On‑Market Share Buy-Back
Mar 8, 2026
EarlyPay Ltd has provided an updated notification to the ASX regarding its ongoing on‑market share buy-back of its ordinary fully paid shares. The disclosure forms part of the company’s regular reporting under Appendix 3C rules for buy...
Earlypay Updates Market on Progress of Ongoing On‑Market Share Buy‑Back
Mar 5, 2026
Earlypay Ltd has provided an updated disclosure to the ASX on the progress of its on-market share buy-back, confirming that it is continuing to repurchase its ordinary fully paid shares under the program first notified in November 2024. As of the ...
Earlypay updates ASX on progress of on‑market share buy‑back
Mar 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 March 2026, reports the cumulative and daily number of shares...
EarlyPay advances on‑market buy‑back with over 8 million shares repurchased
Mar 3, 2026
EarlyPay Ltd, an Australian financial services provider listed on the ASX under ticker EPY, offers funding and working capital solutions to businesses and has ordinary fully paid shares as its primary listed security. The company is engaged in ong...
EarlyPay updates market on ongoing on‑market share buy‑back
Mar 2, 2026
EarlyPay Ltd, an ASX-listed provider of working capital and invoice finance solutions to small and medium-sized enterprises, focuses on improving clients’ cash flow by advancing funds against outstanding receivables. The company operates in ...
EarlyPay Continues On-Market Share Buy-Back Program
Mar 1, 2026
EarlyPay Ltd has an on-market share buy-back program in place for its ordinary fully paid shares, as disclosed to the Australian Securities Exchange under code EPY. The latest notification confirms the company continues to actively repurchase its ...
EarlyPay Updates Market on Ongoing On-Market Share Buy-Back
Feb 26, 2026
EarlyPay Ltd has continued its on-market share buy-back program for its ordinary fully paid securities, updating the market with a daily buy-back notification as of 27 February 2026. The company reported that a total of 6,118,494 shares had been r...
Earlypay profit falls as higher costs and weaker utilisation force guidance rethink
Feb 26, 2026
Earlypay Limited reported a 32% decline in underlying net profit after tax to $1.8 million for the six months to 31 December 2025, despite net revenue rising 6% to $18.2 million and Funds in Use edging up 4% to $268 million. Earnings per share fel...
EarlyPay Corrects Appendix 3H to Clarify December Share Cancellations
Jan 6, 2026
EarlyPay Ltd has issued an updated Appendix 3H notification to correct an error in a previous filing regarding the cessation of securities. The company clarified that its 6 January 2026 submission mistakenly double-counted share cancellations alre...
EarlyPay Cancels 10.9 Million Shares Following On-Market Buy-Back
Jan 6, 2026
EarlyPay Ltd has cancelled 10,900,043 fully paid ordinary shares as part of an on-market buy-back completed on 31 December 2025, according to a notification of cessation of securities lodged with the ASX. The reduction in issued capital may enhanc...
EarlyPay Updates Market on Progress of Ongoing On-Market Share Buy-Back
Jan 1, 2026
EarlyPay Ltd, listed on the ASX under the code EPY, has announced an update to its ongoing on-market share buy-back program. The current buy-back focuses on the company’s ordinary fully paid shares.The company reported that a total of 6,078,...
Earlypay Updates Market on Progress of On‑Market Share Buy-Back
Dec 31, 2025
Earlypay Ltd has provided an updated daily notification on its ongoing on-market share buy-back program for its ordinary fully paid shares (EPY) on the ASX. As of 31 December 2025, the company reported that it has repurchased a cumulative total of...
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.