CAB Payments Holdings Limited (GB:CABP)
LSE:CABP
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CAB Payments Holdings Limited
(LSE:CABP)
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Select Model
Rating:62Neutral
Price Target:
88.00 p
▲(41.94% Upside)
Action:ReiteratedDate:03/17/26
The score is mainly driven by mixed financial performance: a strong, conservatively levered balance sheet is offset by highly volatile cash flows and uneven revenue/margin trends. Technicals are moderately supportive with the stock above key moving averages, while valuation looks reasonable on P/E but lacks dividend yield data.
Positive Factors
Conservative balance sheet
Low leverage and an improving equity base provide durable financial resilience for a payments bank. Conservative gearing supports regulatory capital buffers, reduces refinancing risk, and gives management flexibility to fund correspondent relationships, technology or M&A without stressing liquidity.
Negative Factors
Volatile cash generation
Wide swings in operating and free cash flow reduce financial predictability and raise reliance on external funding. For a payments provider that must pre-fund settlements and safeguard client balances, persistent cash volatility can constrain growth, raise funding costs and limit capital allocation options.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and an improving equity base provide durable financial resilience for a payments bank. Conservative gearing supports regulatory capital buffers, reduces refinancing risk, and gives management flexibility to fund correspondent relationships, technology or M&A without stressing liquidity.
Read all positive factors
CAB Payments Holdings Limited (CABP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£211.45M
Dividend YieldN/A
Average Volume (3M)233.96K
Price to Earnings (P/E)11.6
Beta (1Y)0.84
Revenue Growth-13.97%
EPS Growth-67.63%
CountryUK
Employees421
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.04
Shares Outstanding254,143,220
10 Day Avg. Volume207,786
30 Day Avg. Volume233,959
Financial Highlights & Ratios
PEG Ratio-2.50
Price to Book (P/B)0.98
Price to Sales (P/S)1.07
P/FCF Ratio-15.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£70.00Price Target Upside12.90% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)£119.23M
CAB Payments Holdings Limited Business Overview & Revenue Model
Company Description
CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally. The compa...
How the Company Makes Money
CABP makes money primarily by earning fees and margins on foreign exchange and cross-border payment activity executed for its customers. Key revenue streams typically include: (1) FX income: CABP earns a spread (the difference between the rate quo...
CAB Payments Holdings Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 147.38M | 105.54M | 167.92M | 32.97M | 14.54M |
| Gross Profit | 117.72M | 105.54M | 137.07M | -7.62M | -7.62M |
| EBITDA | 18.52M | 0.00 | 43.47M | -37.38M | 13.63M |
| Net Income | 13.56M | 14.21M | 22.71M | 31.00M | 7.14M |
Balance Sheet | |||||
| Total Assets | 1.66B | 1.80B | 1.73B | 1.49B | 1.32B |
| Cash, Cash Equivalents and Short-Term Investments | 257.87M | 1.08B | 1.06B | 816.84M | 1.01B |
| Total Debt | 19.04M | 18.07M | 884.00K | 1.28M | 819.00K |
| Total Liabilities | 1.50B | 1.66B | 1.60B | 1.37B | 1.23B |
| Stockholders Equity | 160.72M | 146.55M | 131.53M | 108.25M | 76.34M |
Cash Flow | |||||
| Free Cash Flow | -10.32M | 70.02M | 21.31M | -263.36M | 313.59M |
| Operating Cash Flow | -10.18M | 84.97M | 21.73M | -258.47M | 318.21M |
| Investing Cash Flow | -443.37M | -14.97M | 40.80M | -4.88M | -4.84M |
| Financing Cash Flow | -172.59M | -539.00K | 226.66M | -232.00K | 268.00K |
CAB Payments Holdings Limited Technical Analysis
Positive
62.00
Price Trends
80.27
Positive
68.94
Positive
59.25
Positive
Market Momentum
2.72
Positive
53.59
Neutral
53.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CABP, the sentiment is Positive. The current price of 62 is below the 20-day moving average (MA) of 86.46, below the 50-day MA of 80.27, and above the 200-day MA of 59.25, indicating a bullish trend. The MACD of 2.72 indicates Positive momentum. The RSI at 53.59 is Neutral, neither overbought nor oversold. The STOCH value of 53.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CABP.
CAB Payments Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £206.10B | 12.10 | 8.88% | 4.27% | -11.86% | -24.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | £34.06B | 11.02 | 9.85% | 1.70% | -4.35% | 21.86% | |
64 Neutral | £43.04B | 9.00 | 14.96% | 3.85% | 4.27% | 26.21% | |
62 Neutral | £211.45M | 11.60 | 8.74% | ― | -13.97% | -67.63% | |
61 Neutral | £52.51B | 9.37 | 9.41% | 1.50% | 14.18% | 46.12% | |
54 Neutral | £228.71M | -24.74 | 4.70% | 2.66% | 9.09% | -9.36% |
* Financial Sector Average
GB:CABP
CAB Payments Holdings Limited
83.20
35.45
74.24%
GB:STAN
Standard Chartered
1,535.00
422.76
38.01%
GB:BARC
Barclays
382.20
94.47
32.83%
GB:HSBA
HSBC Holdings
1,200.00
358.14
42.54%
GB:NWG
NatWest Group
539.80
106.87
24.69%
GB:STB
Secure Trust Bank
1,225.00
658.92
116.40%
CAB Payments Holdings Limited Corporate Events
Business Operations and StrategyM&A Transactions
CAB Payments board rebuffs Helios bid as undervaluing company
Neutral
Mar 27, 2026
CAB Payments’ independent board has rejected the Helios Consortium’s unsolicited firm offer, arguing that the bid is highly opportunistic, fundamentally undervalues the group and, due to its pre-conditional structure, would delay share...
Financial DisclosuresM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
CAB Payments publishes 2025 annual report and sets April AGM amid ongoing takeover interest
Neutral
Mar 25, 2026
CAB Payments Holdings has released its Annual Report for the year ended 31 December 2025 and published the notice and proxy form for its 2026 Annual General Meeting, which will be held on 29 April 2026 in London. The documents, along with a letter...
Executive/Board ChangesRegulatory Filings and Compliance
CAB Payments awards three-year locked bonus shares to senior executives
Positive
Mar 24, 2026
CAB Payments Holdings plc has granted bonus share awards to several senior executives, including the chief executive, chief financial officer and other members of the leadership team. The awards, made on 20 March 2026, cover varying volumes of ord...
Business Operations and StrategyExecutive/Board Changes
CAB Payments Ties Executive Share Awards to Tough Profitability Targets
Positive
Mar 24, 2026
CAB Payments Holdings plc has granted performance share awards to several senior executives, including CEO Neeraj Kapur and CFO James Hopkinson, under its Long Term Incentive Plan. The awards cover specified maximum numbers of ordinary shares for ...
Business Operations and StrategyM&A Transactions
CAB Payments rebuffs StoneX’s 95p-a-share approach as undervaluing business
Positive
Mar 20, 2026
CAB Payments has rejected an unsolicited, non-binding cash proposal from StoneX Group Inc. to acquire the entire issued and to be issued share capital of the company at 95 pence per share, after its independent board unanimously concluded the appr...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
CAB Payments Evaluates Unsolicited Takeover Approach from StoneX
Positive
Mar 16, 2026
CAB Payments has confirmed it received an unsolicited, non-binding cash proposal from StoneX Group for the entire issued and to-be-issued share capital of the company at 95 pence per share. An independent board, excluding two directors, is assessi...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
CAB Payments Ties Executive Share Awards to Profitability and Efficiency Targets
Positive
Mar 12, 2026
CAB Payments Holdings plc has granted performance share awards to several senior executives, including its chief executive and chief financial officer, under the company’s Long Term Incentive Plan. The awards, which carry no grant or vesting...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
CAB Payments rebuffs Helios bid as FY25 results mark growth inflection
Positive
Mar 5, 2026
CAB Payments has rejected a takeover offer from the Helios Consortium, branding it highly opportunistic and saying it fundamentally undervalues the group’s strategic progress and future prospects. The independent board, which has consulted m...
Business Operations and StrategyFinancial Disclosures
CAB Payments returns to profitable growth and sets ambitious three‑year targets
Positive
Mar 5, 2026
CAB Payments Holdings reported a return to profitable growth for 2025, with total income up 12% to £119m and adjusted EBITDA rising 14% to £35m, as its strategic realignment in 2024–25 began to deliver broader-based revenue and mar...
Business Operations and StrategyM&A Transactions
CAB Payments Board Rejects Helios Bid as Opportunistic and Undervalued
Negative
Mar 2, 2026
CAB Payments’ independent board has rejected as inadequate a firm cash offer from the Helios Consortium to acquire the company at USD 1.15 per share, a bid that represents an 18% premium to the undisturbed share price but includes an illiqui...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
CAB Payments board rejects Helios consortium’s possible bid as undervalued
Positive
Feb 13, 2026
CAB Payments’ independent board has rejected as opportunistic and undervalued a possible cash and share offer from the Helios Consortium to acquire the 54.89% of the company it does not already own at USD 1.15 per share, a premium of less th...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
CAB Payments Rejects Helios-Led Takeover Approaches as Undervaluing the Business
Neutral
Feb 2, 2026
CAB Payments Holdings PLC has rejected two unsolicited, non-binding takeover proposals from a Helios-led consortium, which sought to acquire the entire issued and to-be-issued share capital not already owned by Helios Fund III. The second proposal...
Business Operations and StrategyRegulatory Filings and Compliance
CAB Payments secures ADGM licence and new global clearing partnership
Positive
Jan 29, 2026
CAB Payments Holdings has strengthened its Middle Eastern presence by securing a Category 2 Financial Services Permission from the Abu Dhabi Global Market’s Financial Services Regulatory Authority for its subsidiary CAB Global Markets, enabl...
Business Operations and StrategyFinancial Disclosures
CAB Payments Expects FY25 Results to Beat Market Forecasts on Strong Growth
Positive
Jan 15, 2026
CAB Payments Holdings plc said it expects to report full-year 2025 total income of about £119m and adjusted EBITDA slightly above market consensus, reflecting strong second-half trading and placing revenue and profitability ahead of prior exp...
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.