Hipay Group SA (FR:ALHYP)
:ALHYP
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Hipay Group SA
(ALHYP)
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Rating:56Neutral
Price Target:
€5.50
▼(-33.25% Downside)
Action:Reiterated
Date:04/20/26
The score is held back primarily by inconsistent financial performance—2025 revenue decline, weaker operating profitability, and a return to negative free cash flow—despite improved profitability versus earlier years and manageable leverage. Technicals show near-term improvement but the longer-term trend is still negative, and valuation is relatively expensive (P/E 36.28) with no dividend support.
Positive Factors
Recurring payments business model
Hipay's core payments and value-added platform generate transaction-linked and subscription fees, creating recurring revenue tied to merchant volumes. This revenue mix supports scalable unit economics, predictable cash inflows, and durable margin potential if transaction scale and client retention hold.
Negative Factors
Revenue volatility and 2025 decline
A sharp revenue contraction after prior expansion undermines predictability for a payments processor whose economics rely on transaction volumes. Persistent top-line volatility weakens scale benefits, complicates margin planning and capital allocation, and raises execution risk for multi‑quarter recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring payments business model
Hipay's core payments and value-added platform generate transaction-linked and subscription fees, creating recurring revenue tied to merchant volumes. This revenue mix supports scalable unit economics, predictable cash inflows, and durable margin potential if transaction scale and client retention hold.
Read all positive factors
Hipay Group SA (ALHYP) vs. iShares MSCI France ETF (EWQ)
Market Cap
€36.87M
Dividend YieldN/A
Average Volume (3M)3.42K
Price to Earnings (P/E)6.3
Beta (1Y)1.04
Revenue Growth0.65%
EPS Growth-20.10%
CountryFR
Employees198
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.95
Shares Outstanding6,313,974
10 Day Avg. Volume2,081
30 Day Avg. Volume3,421
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.13
Price to Sales (P/S)0.66
P/FCF Ratio-173.13
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)0.46
Revenue Forecast (FY)€77.80M
Hipay Group SA Business Overview & Revenue Model
Company Description
HiPay Group S.A. manages an extensive global platform, providing a variety of payment solutions. Its product portfolio features "Professional," an online payment tool tailored for startups and small to medium-sized businesses, and "Enterprise," a ...
How the Company Makes Money
Hipay Group makes money primarily by charging fees linked to payment transactions processed for merchants. Key revenue streams typically include: (1) merchant service charges (a percentage of the transaction value and/or a fixed fee per transactio...
Hipay Group SA Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
70
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 74.78M | 74.30M | 65.48M | 58.93M | 53.94M |
| Gross Profit | 16.94M | 17.46M | 17.62M | 28.79M | 24.01M |
| EBITDA | 6.78M | 24.21M | 9.36M | -1.58M | 468.00K |
| Net Income | 5.89M | 5.83M | 2.17M | -7.78M | -4.35M |
Balance Sheet | |||||
| Total Assets | 225.81M | 196.56M | 189.89M | 173.03M | 151.95M |
| Cash, Cash Equivalents and Short-Term Investments | 16.03M | 12.09M | 895.00K | 1.63M | 2.12M |
| Total Debt | 31.57M | 31.41M | 23.82M | 25.38M | 21.41M |
| Total Liabilities | 182.54M | 166.29M | 165.56M | 150.61M | 122.05M |
| Stockholders Equity | 43.27M | 30.27M | 24.34M | 22.42M | 29.91M |
Cash Flow | |||||
| Free Cash Flow | -283.00K | 4.61M | 2.77M | -2.87M | 1.93M |
| Operating Cash Flow | 6.21M | 7.95M | 5.92M | 1.79M | 6.82M |
| Investing Cash Flow | -6.42M | -3.23M | -3.11M | -4.62M | -4.92M |
| Financing Cash Flow | 4.04M | 6.52M | -3.57M | 2.37M | -2.85M |
Hipay Group SA Technical Analysis
Positive
8.24
Price Trends
5.73
Positive
5.67
Positive
7.19
Negative
Market Momentum
<0.01
Negative
55.60
Neutral
78.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALHYP, the sentiment is Positive. The current price of 8.24 is above the 20-day moving average (MA) of 5.67, above the 50-day MA of 5.73, and above the 200-day MA of 7.19, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.60 is Neutral, neither overbought nor oversold. The STOCH value of 78.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALHYP.
Hipay Group SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €242.12M | 27.80 | 21.64% | ― | 11.71% | 13.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | €36.87M | 6.32 | 3.43% | ― | 0.65% | -20.10% | |
44 Neutral | €78.69M | -1.28 | -31.94% | ― | -10.40% | -284.08% | |
43 Neutral | €118.15M | 35.82 | ― | ― | -6.45% | 288.21% | |
42 Neutral | €327.63M | -0.02 | -142.62% | ― | -13.00% | -1655.39% | |
41 Neutral | €150.07M | 30.73 | -6.17% | ― | -19.17% | -1744.71% |
* Technology Sector Average
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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.