BOKU (BOKU) AI Stock Analysis

• Market Cap: £616.91M
• Dividend Yield: N/A
• Average Volume (3M): 603.57K
• Price to Earnings (P/E): 214.4
• Beta (1Y): 0.54
• Revenue Growth: 16.77%
• EPS Growth: -64.34%
• Country: UK
• Employees: 450
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Infrastructure
• EPS (TTM): 0.03
• Shares Outstanding: 296,592,100
• 10 Day Avg. Volume: 448,037
• 30 Day Avg. Volume: 603,574
• PEG Ratio: -3.61
• Price to Book (P/B): 4.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.35
• Enterprise Value/Market Cap: 0.41
• Enterprise Value/Revenue: 0.81
• Enterprise Value/Gross Profit: 3.09
• Enterprise Value/Ebitda: 8.73
• 1Y Price Target: £280.33
• Price Target Upside: 24.04% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 78 Outperform
• Price Target: 229.00p ▲(1.33%Upside)

BOKU's overall score reflects a strong financial performance and positive corporate events, indicating growth potential. However, the high P/E ratio suggests overvaluation, presenting a risk for investors. Technical indicators show stability but aren't enough to offset valuation concerns.

Positive Factors

Future Performance

The company upgraded its 2025 guidance, indicating improved expectations for future performance.

Revenue Growth

Boku beat across the board with revenue increasing significantly, showing strong performance in all metrics.

Negative Factors

Share Price

The underlying performance remains at odds with the share price, which is partly affected by the AIM listing.

BOKU Business Overview & Revenue Model

Company Description

Boku, Inc. provides mobile billing and payment solutions for mobile network operators and merchants. Its solutions enable consumers to make online payments using their mobile devices. The company offers digital payments solutions, including mobile wallets, real-time payments schemes, and direct carrier billing for merchants. It also provides mobile identity and authentication solutions. The company connects its customers with mobile network operators billing, identity, and sales systems. It operates in the United states, Europe, and internationally. The company was incorporated in 2008 and is headquartered in San Francisco, California.

How the Company Makes Money

BOKU generates revenue primarily through transaction fees charged to merchants who use its platform for carrier billing services. The company receives a percentage of each transaction processed through its system, providing merchants with a convenient payment solution that increases conversion rates by allowing customers to charge purchases directly to their mobile phone bills. Additionally, BOKU earns revenue from its identity verification services, which are utilized by businesses to authenticate users and prevent fraud. Key partnerships with major mobile network operators and digital merchants enhance BOKU's ability to reach a broad user base and drive transaction volume, contributing significantly to its earnings.

BOKU Financial Statement Overview

Summary

BOKU has demonstrated strong revenue growth and efficient margin management. The balance sheet is stable with low leverage and growing equity. Cash flows are healthy, supporting operations and potential investments. However, recent profitability declines due to increased operational costs are a risk.

Income Statement

BOKU has demonstrated strong revenue growth over the last few years, with Total Revenue increasing from $50.1M in 2019 to $99.3M in 2024. The Gross Profit Margin is robust, consistently above 90% from 2021 onward, indicating efficient cost management. However, the Net Profit Margin declined from 12.2% in 2023 to 3.8% in 2024, suggesting increased operational expenses or other costs impacting net income. Despite this, the steady increase in EBIT and EBITDA margins over time highlights improved operational efficiency.

Balance Sheet

The company's Balance Sheet shows financial stability with a relatively low Debt-to-Equity Ratio, decreasing over the years, indicating a low level of financial leverage. Stockholders' Equity has grown consistently, supporting a strong Equity Ratio of around 33.9% in 2024. However, the Return on Equity has fluctuated, with a notable decline in recent years, reflecting potential inefficiencies in generating returns for shareholders.

Cash Flow

BOKU's cash flow performance is solid, with consistently positive Operating Cash Flow and Free Cash Flow over the years. The Free Cash Flow to Net Income Ratio is favorable, highlighting effective cash generation relative to reported profits. A slight decline in Free Cash Flow in 2024 compared to 2023 suggests increased capital expenditures or other cash outflows, which should be monitored.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	92.26M	99.27M	82.72M	63.76M	69.17M	56.40M
Gross Profit	81.86M	96.85M	80.67M	61.99M	63.43M	27.13M
EBITDA	15.38M	14.31M	19.21M	14.94M	18.15M	-10.74M
Net Income	―	3.78M	10.09M	4.30M	6.27M	-18.79M
Balance Sheet
Total Assets	368.00M	406.33M	376.81M	277.88M	216.89M	225.05M
Cash, Cash Equivalents and Short-Term Investments	123.72M	142.31M	117.36M	105.15M	56.65M	61.29M
Total Debt	3.54M	2.65M	3.05M	3.55M	12.65M	15.43M
Total Liabilities	229.57M	268.59M	243.28M	166.43M	134.44M	153.30M
Stockholders Equity	138.43M	137.74M	133.53M	111.44M	82.45M	71.75M
Cash Flow
Free Cash Flow	39.93M	34.47M	34.73M	44.32M	6.08M	27.85M
Operating Cash Flow	43.29M	42.01M	40.60M	49.65M	11.92M	31.26M
Investing Cash Flow	―	-3.91M	1.62M	21.41M	-5.81M	-40.47M
Financing Cash Flow	1.09M	-8.99M	-8.79M	-11.43M	-5.79M	34.42M

BOKU Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 226.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOKU, the sentiment is Positive. The current price of 226 is above the 20-day moving average (MA) of 210.22, above the 50-day MA of 194.14, and above the 200-day MA of 177.33, indicating a bullish trend. The MACD of 5.66 indicates Positive momentum. The RSI at 73.74 is Negative, neither overbought nor oversold. The STOCH value of 50.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BOKU.

BOKU Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNX	82 Outperform	£210.54M	19.14	101.82%	4.05%	4.77%	15.03%
BOKU	78 Outperform	£616.91M	214.43	2.71%	―	16.77%	-64.34%
BKS	74 Outperform	£150.87M	63.82	6.33%	―	25.72%	290.00%
WPS	72 Outperform	£600.82M	263.03	1.05%	―	4.31%	―
BGO	65 Neutral	£66.07M	―	-13.63%	―	12.63%	59.24%
Sector *	63 Neutral	$34.70B	4.89	-11.39%	1.66%	5.53%	-19.00%
PAY	61 Neutral	£520.26M	28.13	17.90%	421.56%	1.42%	-46.02%

BOKU Corporate Events

Boku Inc. Reports Robust Growth in H1 2025, Driven by Local Payment Methods Expansion

Boku Inc. reported a strong financial performance for the first half of 2025, with total group revenue expected to exceed $63 million, marking a 34% organic growth compared to the previous year. The company saw significant increases in revenue from digital wallets and account-to-account schemes, and a 50% rise in adjusted EBITDA to at least $21 million. Boku’s strategic focus on expanding its Local Payment Methods network has driven increased merchant connections and user engagement, positioning the company for continued growth in the global payments industry.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £216.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.

Boku Inc. Appoints Richard Pennycook as New Non-Executive Chair

Boku Inc. has announced the appointment of Richard Pennycook CBE as the new Non-Executive Chair, effective August 1, 2025, succeeding Dr. Richard Hargreaves who is retiring after nine years on the board. Pennycook, with extensive experience in executive and non-executive roles, is expected to support Boku’s growth strategy as the company continues to expand its market and product offerings, marking a significant transition in leadership that stakeholders anticipate will bolster the company’s strategic direction.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £216.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.

Boku Announces Updated Share Capital and Voting Rights

Boku, Inc. announced that as of June 30, 2025, the total number of its common shares in issue is 303,220,113, with 6,628,009 shares held in Treasury, resulting in 296,592,104 total voting rights. This figure is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, impacting how they manage their interests in the company.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £216.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.

Boku Inc. Announces Capital Markets Event to Highlight Strategic Progress

Boku Inc. announced it will host a Capital Markets Event on October 16, 2025, in London, aimed at institutional investors and research analysts. The event will provide updates on Boku’s progress towards its goal of becoming the leading localized payments partner for global commerce, detailing strategic execution and growth targets. This initiative underscores Boku’s commitment to transparency and engagement with stakeholders, potentially enhancing its industry positioning.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £242.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.

Boku, Inc. Announces Total Voting Rights and Share Capital Update

Boku, Inc. has announced its total voting rights and share capital as of May 30, 2025, with 303,110,613 common shares issued and 296,468,131 voting rights available, following the deduction of treasury shares. This information is crucial for shareholders to determine their interests in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, impacting how they manage their investments and voting power.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £216.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.

Boku Inc. Successfully Passes All Resolutions at AGM

Boku Inc. announced that all resolutions were passed at its Annual General Meeting, including the election of directors and the appointment of PricewaterhouseCoopers LLP as the company’s auditor. The successful passing of these resolutions reflects strong shareholder support and positions Boku to continue its strategic initiatives in the mobile payment industry, enhancing its operational stability and market presence.

The most recent analyst rating on (GB:BOKU) stock is a Buy with a £216.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.

Boku Inc. Updates Share Capital and Voting Rights

Boku Inc. announced that as of April 30, 2025, the total number of its common shares in issue is 303,110,613, with 6,543,703 shares held in Treasury. This results in a total of 296,566,910 voting rights. This figure is crucial for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, impacting how they report changes in their shareholding interests.

Boku Inc. Announces Details for Upcoming AGM

Boku Inc. has announced the posting of its Annual General Meeting (AGM) notice to stockholders, with the meeting scheduled for May 28, 2025, in Surrey, UK. The company emphasizes stockholder engagement, offering options for remote participation and advance voting, reflecting its commitment to transparency and accessibility for its stakeholders.