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Ease2pay N.V. (NL:EAS2P)
:EAS2P
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Ease2pay N.V.
(EAS2P)
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Rating:52Neutral
Price Target:
€0.46
▲(0.22% Upside)
The score is driven primarily by improving fundamentals (better margins and a shift to positive operating cash flow) supported by a strong balance sheet with zero debt, but is held back by continued net losses and only marginal free cash flow. Technical indicators are largely neutral and valuation remains constrained by negative earnings.
Ease2pay N.V. (EAS2P) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€10.08M
Dividend YieldN/A
Average Volume (3M)24.89K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue GrowthN/A
EPS GrowthN/A
CountryNL
Employees13
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding23,542,215
10 Day Avg. Volume12,375
30 Day Avg. Volume24,887
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.54
Price to Sales (P/S)3.48
P/FCF Ratio3.35K
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
Ease2pay N.V. Business Overview & Revenue Model
Company DescriptionEase2pay N.V. provides online payment services and platform in the Netherlands. It offers payment transaction platform, which offers users services to order and pay in one action and parking solutions. The company was formerly known as DOCDATA N.V. and changed its name to Ease2pay N.V. in February 2018. Ease2pay N.V. is headquartered in Waalwijk, the Netherlands. Ease2pay N.V. is a subsidiary of The Internet of Cars V.O.F.
How the Company Makes Money
Ease2pay N.V. Financial Statement Overview
Summary
Turnaround progress is evident (2024 revenue +11.2%, gross margin up to ~60.9%, EBITDA slightly positive, operating cash flow turned positive), but profitability remains the key drag with a still-negative net margin (~-27.8%) and only marginal free cash flow.Income Statement
Revenue has scaled meaningfully versus earlier years and grew 11.2% in 2024, while gross margin improved to ~60.9% (from ~46.2% in 2023). Profitability is still the key weakness: 2024 net margin remained negative (~-27.8%) and operating profit was also negative, despite a sharp improvement from the outsized 2022 loss. EBITDA turned slightly positive in 2024, signaling progress, but earnings quality and consistency are not yet established.42
Neutral
Balance Sheet
The balance sheet is a relative strength: total debt is zero in 2024–2022, and equity remains sizable (~6.5M in 2024) versus total assets (~8.1M). This lowers financial risk and provides flexibility while the business works toward sustained profitability. The main drawback is continued losses, reflected in negative returns on equity (about -12.3% in 2024), which can pressure equity over time if profitability does not improve.72
Positive
Cash Flow
Cash generation improved materially in 2024 with positive operating cash flow (~0.13M) versus negative in 2023 and 2022, indicating better cash discipline. However, free cash flow was only slightly positive (~0.003M) and deteriorated sharply versus the prior year (large negative growth rate), suggesting limited ability to self-fund growth and potential variability in spending or working capital. Overall, cash flow momentum is improving but not yet consistently strong.46
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.28M | 2.89M | 2.69M | 3.38M | 354.00K | 197.00K |
| Gross Profit | 2.23M | 1.76M | 1.24M | 850.00K | 84.00K | -29.00K |
| EBITDA | -126.00K | 46.00K | -579.00K | -25.56M | -587.00K | -529.00K |
| Net Income | -451.00K | -803.00K | -1.48M | -26.82M | -808.00K | -740.00K |
Balance Sheet | ||||||
| Total Assets | 8.72M | 8.13M | 9.66M | 11.01M | 2.19M | 1.73M |
| Cash, Cash Equivalents and Short-Term Investments | 2.93M | 2.67M | 2.67M | 3.38M | 2.00K | 348.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 509.00K | 677.00K |
| Total Liabilities | 2.36M | 1.61M | 2.80M | 2.78M | 1.27M | 1.27M |
| Stockholders Equity | 6.36M | 6.52M | 6.86M | 8.23M | 924.00K | 461.00K |
Cash Flow | ||||||
| Free Cash Flow | 646.00K | 3.00K | -709.00K | -2.71M | -448.00K | -372.00K |
| Operating Cash Flow | 648.00K | 134.00K | -698.00K | -2.70M | -448.00K | -372.00K |
| Investing Cash Flow | -149.00K | -131.00K | -11.00K | 99.00K | -671.00K | 0.00 |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 5.98M | 1.12M | 372.00K |
Ease2pay N.V. Peers Comparison
UnderperformOutperform
Sector (61)
NL:EAS2P
Ease2pay N.V.
0.43
0.03
8.63%
GB:0E2F
Ctac NV
3.00
0.13
4.53%
GB:0QCR
TIE Kinetix NV
15.30
0.00
0.00%
ADYYF
Adyen
1,427.70
-191.04
-11.80%
DE:2DS
CM.com N.V.
4.32
-1.40
-24.48%
NL:HWK
IEX Group NV
2.20
0.21
10.55%
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.