View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPayfare 향후 성장Future 기준 점검 0/6Payfare 의 수익과 수익은 각각 연간 85% 및 169.1% 감소할 것으로 예상됩니다 while EPS는 연간 169.4% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-169.1%이익 성장률-169.37%EPS 성장률Diversified Financial 이익 성장8.0%매출 성장률-85.0%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트03 Mar 2025최근 향후 성장 업데이트Major Estimate Revision • Nov 13Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$220.3m to CA$195.9m. EPS estimate fell from CA$0.375 to CA$0.24 per share. Net income forecast to shrink 126% next year vs 16% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$4.83 to CA$3.00. Share price rose 2.4% to CA$2.17 over the past week.Major Estimate Revision • Sep 29Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$238.8m to CA$220.3m. EPS estimate also fell from CA$0.475 per share to CA$0.375 per share. Net income forecast to shrink 69% next year vs 15% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$11.88 to CA$4.83. Share price fell 76% to CA$2.05 over the past week.Price Target Changed • Aug 22Price target increased by 9.1% to CA$12.00Up from CA$11.00, the current price target is an average from 3 analysts. New target price is 55% above last closing price of CA$7.75. Stock is up 22% over the past year. The company is forecast to post earnings per share of CA$0.46 for next year compared to CA$0.28 last year.Price Target Changed • Nov 12Price target decreased by 11% to CA$10.42Down from CA$11.67, the current price target is an average from 6 analysts. New target price is 105% above last closing price of CA$5.08. Stock is up 0.4% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.공시 • Nov 11Payfare Inc. Provides Earnings Guidance for the Fourth Quarter of 2023Payfare Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects revenue to be $50 million.Price Target Changed • Nov 10Price target decreased by 10.0% to CA$11.25Down from CA$12.50, the current price target is an average from 6 analysts. New target price is 104% above last closing price of CA$5.51. Stock is up 8.7% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.모든 업데이트 보기Recent updates공시 • Mar 06Payfare Inc.(TSX:PAY) dropped from S&P Global BMI IndexPayfare Inc.(TSX:PAY) dropped from S&P Global BMI Index공시 • Mar 041517452 B.C. Ltd. completed the acquisition of Payfare Inc. (TSX:PAY) from Su Chun, Kingsferry Capital Management Group Limited and others.1517452 B.C. Ltd. entered into a definitive arrangement agreement to acquire Payfare Inc. (TSX:PAY) from Su Chun, Kingsferry Capital Management Group Limited and others for approximately CAD 200 million on December 22, 2024. Under the terms of the agreement, 1517452 B.C. Ltd. will acquire all of the issued and outstanding common shares of Payfare for CAD 4 in cash per share. Following completion of the arrangement, it is expected that Payfare Shares will be delisted from the TSX and withdrawn from trading on the OTCQX and Payfare will make an application to cease to be a reporting issuer under applicable Securities Laws. Payfare will pay a termination fee of CAD 10,073,306 to 1517452 B.C. Ltd. in case of termination of the transaction under specified circumstances. The Transaction is subject to the receipt of Payfare shareholder approval, court approval, certain third-party approvals, regulatory approval and other customary closing conditions for transactions of this nature, as well as subject to Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Board of Directors of Payfare, after receiving the unanimous recommendation of a committee of independent directors, unanimously approved the transaction. The Transaction is not subject to a financing condition and is expected to close in the first quarter of 2025. As of January 23, 2025, Payfare has been granted an interim order from the Supreme Court of British Columbia. Kingsferry Capital Management Group Limited, which beneficially owns, controls or directs approximately 10.6% of the issued and outstanding common shares of Payfare Inc. (TSX: PAY) ("Payfare" or the "Company"), today issued an open letter to fellow shareholders of Payfare, urging them to vote against the proposed acquisition of all of the issued and outstanding shares of the Company by 1517452 B.C. Ltd. As on February 21, 2025, the transaction has been approved by Payfare shareholders. The transaction has been approved by the Supreme Court of British Columbia on February 26, 2025. Keefe, Bruyette, & Woods Inc. acted as financial advisor and fairness opinion provider to Payfare. Blair Franklin Capital Partners Inc. acted as financial advisor and fairness opinion provider to the Special Committee. Philippe Tardif and Frazer House of Borden Ladner Gervais LLP and Dentons acted as legal advisors to Payfare. Patrick Menda and Susan Tomaine of Blake, Cassels & Graydon LLP and John K. Wilson of Foley & Lardner LLP acted as external legal advisors to Fiserv, Inc., the parent company of 1517452 B.C. Ltd. Odyssey Trust Company acted as transfer agent and registrar and depository bank to Payfare. Kingsdale Advisors acted as information agent to Payfare and 1517452 B.C. Ltd. KPMG LLP acted as independent auditor of Payfare. 1517452 B.C. Ltd. completed the acquisition of Payfare Inc. (TSX:PAY) from Su Chun, Kingsferry Capital Management Group Limited and others on March 3, 2025. As a result of the completion of the arrangement, the Purchaser acquired all of the issued and outstanding Payfare shares. The Payfare shares will cease to be listed on the TSX and to be quoted on the OTCQX. The Purchaser intends to apply for Payfare to cease to be a reporting issuer.공시 • Mar 03Payfare's Class A Common Shares to be Delisted from the Toronto Stock Exchange, and Withdrawn from Trading in the U.S. on the OTCQXPayfare Inc. (‘Payfare’ or the ‘Company’) announced that 1517452 B.C. Ltd. (the ‘Purchaser’), an affiliate of Fiserv Inc. (‘Fiserv’) has completed its previously announced acquisition of Payfare pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the ‘Arrangement’). The Class A common shares of Payfare (‘Payfare Shares’) will be delisted from the Toronto Stock Exchange, and will be withdrawn from trading in the U.S. on the OTCQX. Payfare will apply to cease to be a reporting issuer in Canada. The Toronto Stock Exchange will disseminate a notice announcing the delisting of the Payfare Shares in due course.공시 • Feb 12Kingsferry Capital Management Urges Shareholders of Payfare to Vote Against Proposed Arrangement Between Payfare and FiservOn February 11, 2025, Kingsferry Capital Management Group Limited issued an open letter to fellow shareholders of Payfare Inc., urging them to vote against the proposed acquisition of all of the issued and outstanding shares of the Company by 1517452 B.C. Ltd., a subsidiary of Fiserv, Inc., at the Company's upcoming special meeting of shareholders to be held on February 21, 2025. Kingsferry Capital Management expressed its view that the current offer by 1517452 B.C. Ltd., a subsidiary of Fiserv, Inc., to acquire all of the issued and outstanding shares at a price of C$4.00 per share under the proposed plan of arrangement grossly undervalues the Company and prioritizes insider gains over the interests of the Company's shareholders and the interests of the Company.새로운 내러티브 • Feb 10Revenue Expected To Decline Sharply Due To Contract Nonrenewal And Concentration Risk Nonrenewal of DoorDash and concentration risk with gig economy clients could significantly impact Payfare's revenue stability and earnings. 공시 • Dec 251517452 B.C. Ltd. entered into a definitive arrangement agreement to acquire Payfare Inc. (TSX:PAY) for approximately CAD 200 million.1517452 B.C. Ltd. entered into a definitive arrangement agreement to acquire Payfare Inc. (TSX:PAY) for approximately CAD 200 million on December 22, 2024. Under the terms of the agreement, 1517452 B.C. Ltd. will acquire all of the issued and outstanding common shares of Payfare for CAD 4.00 in cash per share. Payfare will pay a termination fee of CAD 10 million to 1517452 B.C. Ltd. in case of termination of the transaction under specified circumstances. The Transaction is subject to the receipt of Payfare shareholder approval, court approval, certain third-party approvals, and other customary closing conditions for transactions of this nature. The Board of Directors of Payfare, after receiving the unanimous recommendation of a committee of independent directors ("Special Committee"), unanimously approved the transaction. The Transaction is not subject to a financing condition and is expected to close in the first quarter of 2025. Keefe, Bruyette, & Woods Inc. acted as financial advisor and fairness opinion provider to Payfare . Blair Franklin Capital Partners Inc. acted as financial advisor and fairness opinion provider to the Special Committee. Borden Ladner Gervais LLP and Dentons acted as legal advisors to Payfare. Blake, Cassels & Graydon LLP and Foley & Lardner LLP acted as external legal advisors to Fiserv, Inc., the parent company of 1517452 B.C. Ltd.공시 • Nov 20Payfare Inc. Launches Pronto Providing Earned Wage Access to CanadiansPayfare Inc. announced the launch of its new EWA product, Pronto by PayfareTM. Pronto provides Canadian workers with on-demand access to their earned wages, providing them with financial flexibility to manage income and expenses. Pronto, built on Payfare's award winning payout platform, allows employees to access a portion of their wages as they earn, rather than waiting for traditional pay cycles. This ensures that employees can manage unexpected expenses, reduce financial stress and have greater control over their financial well-being. There are over 10 million hourly-paid employees in Canada1 that make up a significant portion of Canada's labour force, especially in industries reliant on shift work or part-time employment. These sectors face challenges in recruiting and retaining skilled workers, where almost half of businesses report difficulties with staff retention2. This underscores the importance of solutions like EWA to support financial flexibility for workers, while helping employers improve workforce stability. Pronto can have significant benefits for employers, including enhanced employee retention, productivity and overall job satisfaction. Offering modern financial solutions like EWA can be a competitive advantage for employers looking to attract talent in today's tight labour market. Employers across Canada can now integrate Pronto seamlessly into their payroll process.Major Estimate Revision • Nov 13Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$220.3m to CA$195.9m. EPS estimate fell from CA$0.375 to CA$0.24 per share. Net income forecast to shrink 126% next year vs 16% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$4.83 to CA$3.00. Share price rose 2.4% to CA$2.17 over the past week.Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CA$0.092 (down from CA$0.10 in 3Q 2023). Revenue: CA$59.0m (up 25% from 3Q 2023). Net income: CA$4.46m (down 7.2% from 3Q 2023). Profit margin: 7.6% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is expected to decline by 70% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Canada are expected to grow by 15%. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.공시 • Oct 23Payfare Inc. to Report Q3, 2024 Results on Nov 06, 2024Payfare Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024분석 기사 • Oct 09Little Excitement Around Payfare Inc.'s (TSE:PAY) Earnings As Shares Take 71% PoundingPayfare Inc. ( TSE:PAY ) shareholders that were waiting for something to happen have been dealt a blow with a 71% share...Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$2.34, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Diversified Financial industry in Canada. Total loss to shareholders of 76% over the past three years.Major Estimate Revision • Sep 29Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$238.8m to CA$220.3m. EPS estimate also fell from CA$0.475 per share to CA$0.375 per share. Net income forecast to shrink 69% next year vs 15% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$11.88 to CA$4.83. Share price fell 76% to CA$2.05 over the past week.Price Target Changed • Aug 22Price target increased by 9.1% to CA$12.00Up from CA$11.00, the current price target is an average from 3 analysts. New target price is 55% above last closing price of CA$7.75. Stock is up 22% over the past year. The company is forecast to post earnings per share of CA$0.46 for next year compared to CA$0.28 last year.분석 기사 • Aug 21Payfare Inc.'s (TSE:PAY) 29% Jump Shows Its Popularity With InvestorsPayfare Inc. ( TSE:PAY ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...Reported Earnings • Aug 09Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CA$0.10 (up from CA$0.044 in 2Q 2023). Revenue: CA$56.0m (up 20% from 2Q 2023). Net income: CA$4.90m (up 132% from 2Q 2023). Profit margin: 8.7% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CA$7.46, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Diversified Financial industry in Canada. Total loss to shareholders of 37% over the past three years.분석 기사 • Jul 27Do Payfare's (TSE:PAY) Earnings Warrant Your Attention?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...공시 • Jul 24Payfare Inc. to Report Q2, 2024 Results on Aug 07, 2024Payfare Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024분석 기사 • Apr 28Payfare Inc. (TSE:PAY) Screens Well But There Might Be A CatchYou may think that with a price-to-sales (or "P/S") ratio of 1.8x Payfare Inc. ( TSE:PAY ) is a stock worth checking...공시 • Apr 13+ 1 more updatePayfare Inc., Annual General Meeting, Jun 13, 2024Payfare Inc., Annual General Meeting, Jun 13, 2024.Board Change • Mar 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Hugo Chan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Feb 16Payfare Inc. to Report Q4, 2023 Results on Mar 21, 2024Payfare Inc. announced that they will report Q4, 2023 results After-Market on Mar 21, 2024분석 기사 • Jan 04Further Upside For Payfare Inc. (TSE:PAY) Shares Could Introduce Price Risks After 31% BouncePayfare Inc. ( TSE:PAY ) shares have had a really impressive month, gaining 31% after a shaky period beforehand. The...Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CA$5.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Diversified Financial industry in Canada. Total returns to shareholders of 44% over the past year.Price Target Changed • Nov 12Price target decreased by 11% to CA$10.42Down from CA$11.67, the current price target is an average from 6 analysts. New target price is 105% above last closing price of CA$5.08. Stock is up 0.4% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.공시 • Nov 11Payfare Inc. Provides Earnings Guidance for the Fourth Quarter of 2023Payfare Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects revenue to be $50 million.Price Target Changed • Nov 10Price target decreased by 10.0% to CA$11.25Down from CA$12.50, the current price target is an average from 6 analysts. New target price is 104% above last closing price of CA$5.51. Stock is up 8.7% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CA$5.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Diversified Financial industry in Canada. Total returns to shareholders of 14% over the past year.공시 • Nov 01Payfare Inc. to Report Q3, 2023 Results on Nov 08, 2023Payfare Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023Reported Earnings • Aug 10Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: CA$0.044 (up from CA$0.05 loss in 2Q 2022). Revenue: CA$46.5m (up 39% from 2Q 2022). Net income: CA$2.11m (up CA$4.42m from 2Q 2022). Profit margin: 4.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Diversified Financial industry in Canada.공시 • Jul 26Payfare Inc. to Report Q2, 2023 Results on Aug 09, 2023Payfare Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023분석 기사 • Jul 18Payfare Inc. (TSE:PAY) Doing What It Can To Lift SharesYou may think that with a price-to-sales (or "P/S") ratio of 2.1x Payfare Inc. ( TSE:PAY ) is a stock worth checking...New Risk • Jun 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Price Target Changed • Jun 24Price target decreased by 8.1% to CA$12.50Down from CA$13.60, the current price target is an average from 6 analysts. New target price is 135% above last closing price of CA$5.33. Stock is up 16% over the past year. The company is forecast to post earnings per share of CA$0.28 next year compared to a net loss per share of CA$0.064 last year.Recent Insider Transactions • May 22Co-Founder & Chief Revenue Officer recently sold CA$62k worth of stockOn the 15th of May, Ryan Deslippe sold around 10k shares on-market at roughly CA$6.20 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ryan's only on-market trade for the last 12 months.Reported Earnings • May 11First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: CA$0.028 (up from CA$0.058 loss in 1Q 2022). Revenue: CA$42.3m (up 70% from 1Q 2022). Net income: CA$1.29m (up CA$3.99m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Diversified Financial industry in Canada.공시 • May 05Payfare Inc. to Report Q1, 2023 Results on May 10, 2023Payfare Inc. announced that they will report Q1, 2023 results After-Market on May 10, 2023Reported Earnings • Mar 24Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: CA$0.064 loss per share (improved from CA$0.49 loss in FY 2021). Revenue: CA$129.9m (up 197% from FY 2021). Net loss: CA$2.94m (loss narrowed 86% from FY 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Diversified Financial industry in Canada.Breakeven Date Change • Mar 22Forecast breakeven date moved forward to 2023The 5 analysts covering Payfare previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of CA$16.0m in 2023. Average annual earnings growth of 122% is required to achieve expected profit on schedule.공시 • Jan 11+ 2 more updatesPayfare Inc. to Report Q4, 2022 Results on Mar 22, 2023Payfare Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 22, 2023Recent Insider Transactions Derivative • Nov 26CFO & Corporate Secretary exercised options to buy CA$68k worth of stock.On the 18th of November, Charles Park exercised options to buy 16k shares at a strike price of around CA$3.45, costing a total of CA$55k. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. Since March 2022, Charles' direct individual holding has increased from 359.79k shares to 387.24k. Company insiders have collectively sold CA$64k more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 24Insider recently sold CA$523k worth of stockOn the 16th of November, Sheng Huang Chung sold around 116k shares on-market at roughly CA$4.53 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$284k more than they bought in the last 12 months.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Hugo Chan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings released: CA$0.017 loss per share (vs CA$0.086 loss in 3Q 2021)Third quarter 2022 results: CA$0.017 loss per share (improved from CA$0.086 loss in 3Q 2021). Revenue: CA$35.9m (up 183% from 3Q 2021). Net loss: CA$823.9k (loss narrowed 79% from 3Q 2021). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Canada.공시 • Oct 20Payfare Inc. to Report Q3, 2022 Results on Nov 09, 2022Payfare Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Hugo Chan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Aug 20Payfare Inc. Appoints Hugo Chan to Its Board of DirectorsPayfare Inc. announced that it has appointed Mr. Hugo Chan of Kingsferry Capital to its board of directors to serve as an independent director until the next annual meeting of shareholders. With more than a decade of investment management, capital markets, and mergers & acquisitions experience, Mr. Hugo Chan is currently Co-Founder, Chairman & Chief Investment Officer of Kingsferry Capital Management Group Limited ("Kingsferry"), an investment manager of portfolio funds with global mandates to invest in undervalued securities with strong potential for fair value realization and long-term growth. As of the date hereof, Kingsferry, through its managed funds and affiliates hold in aggregate 5,623,300 Class A Common Shares of the Company, representing approximately 11.9% of the total issued and outstanding Shares of the Company as of June 30, 2022. Prior to founding Kingsferry, Mr. Chan worked in private equity with The Carlyle Group from 2014 to 2016, and held various investment banking positions with the Bank of America Merrill Lynch from 2011 to 2014. He holds a Bachelor of Science in Business Administration and Bachelor of Science in Accounting from the University of Southern California.Reported Earnings • Aug 11Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: CA$0.05 loss per share (up from CA$0.11 loss in 2Q 2021). Revenue: CA$33.6m (up 285% from 2Q 2021). Net loss: CA$2.31m (loss narrowed 54% from 2Q 2021). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 77%, compared to a 11% growth forecast for the industry in Canada.공시 • Aug 11Payfare Inc. Revises Revenue Guidance for the Full Year of 2022Payfare Inc. revised revenue guidance for the full year of 2022. The company increased its 2022 annual revenue guidance to $125 million - $135 million from its previous issued guidance of $115 million - $125 million, the midpoint of which represents 197% year over year growth.공시 • Jul 21Payfare Inc. Provides Revenue Guidance for Second Quarter of 2022Payfare Inc. announced Second Quarter 2022 revenue guidance of $33 million, which represents growth of 285% over the second quarter of 2021 and 35% over the first quarter of 2022. Payfare also announced that it had over 884,000 active users as of June 30, 2022, an increase of approximately 188,000 users or 27% from March 31, 2022. The Company continues to experience significant active user growth driven by coordinated marketing programs with its gig platform partners to support their workforces by providing instant or near instant access to earnings, zero-cost neobanking capabilities and robust cash back rewards programs on everyday purchases including fuel.Breakeven Date Change • Jul 19Forecast breakeven date pushed back to 2024The 5 analysts covering Payfare previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 67% per year to 2023. The company is expected to make a profit of CA$160.0k in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule.Recent Insider Transactions Derivative • Jun 23Co-Founder exercised options to buy CA$287k worth of stock.On the 17th of June, Marco Margiotta exercised options to buy 68k shares at a strike price of around CA$1.92, costing a total of CA$130k. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. Since December 2021, Marco's direct individual holding has increased from 1.05m shares to 1.10m. Company insiders have collectively bought CA$3.1m more than they sold, via options and on-market transactions, in the last 12 months.Major Estimate Revision • Jun 08Consensus estimates of losses per share improve by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CA$123.4m to CA$126.8m. EPS estimate increased from -CA$0.18 per share to -CA$0.15 per share. IT industry in Canada expected to see average net income growth of 15% next year. Consensus price target of CA$13.60 unchanged from last update. Share price was steady at CA$5.68 over the past week.공시 • Jun 08Payfare Inc. to Report Q2, 2022 Results on Aug 10, 2022Payfare Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 10, 2022Major Estimate Revision • May 18Consensus revenue estimates increase by 10%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CA$112.0m to CA$123.4m. Forecast losses expected to reduce from -CA$0.59 to -CA$0.18 per share. IT industry in Canada expected to see average net income growth of 15% next year. Consensus price target of CA$13.60 unchanged from last update. Share price rose 6.5% to CA$6.52 over the past week.분석 기사 • May 17Rainbows and Unicorns: Payfare Inc. (TSE:PAY) Analysts Just Became A Lot More OptimisticPayfare Inc. ( TSE:PAY ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...Breakeven Date Change • May 13Forecast to breakeven in 2024The 5 analysts covering Payfare expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$160.0k in 2024. Average annual earnings growth of 35% is required to achieve expected profit on schedule.Major Estimate Revision • May 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$97.8m to CA$108.7m. EPS estimate fell from -CA$0.49 to -CA$0.59 per share. IT industry in Canada expected to see average net income growth of 13% next year. Consensus price target broadly unchanged at CA$14.00. Share price rose 18% to CA$6.96 over the past week.공시 • Apr 09Payfare Inc., Annual General Meeting, Jun 02, 2022Payfare Inc., Annual General Meeting, Jun 02, 2022.Recent Insider Transactions • Mar 30Co-Founder recently bought CA$95k worth of stockOn the 25th of March, Marco Margiotta bought around 15k shares on-market at roughly CA$6.35 per share. This was the largest purchase by an insider in the last 3 months. Marco has been a buyer over the last 12 months, purchasing a net total of CA$519k worth in shares.공시 • Mar 03Payfare Inc. Announces the Next Phase of its Growth with the Paid PlatformPayfare Inc. announced the next phase of its growth with the Paid Platform, an industry first payout solution for gig workforces of any size. Expected to launch in Second Quarter 2022, the Paid Platform will feature the Paid Card and the Paid App, a premium neo-banking app, as one of the zero cost worker payout options. With this new platform designed to meet the financial needs of today’s workforces, Payfare believes it can aggregate a significant user base beyond its current partnerships. The Paid Platform will allow the Company to access a much larger total addressable market capturing more worker earnings processed through the Payfare-managed ecosystem, and is expected to drive revenue growth. As the user base scales it will provide Payfare with deeper visibility into worker income streams and spending habits, supporting the development and roll-out of new margin enhancing product offerings that may include things like micro-credit. The market opportunity is substantial, as it is estimated that there were 51 million independent workers in the United States in 2021, up 34% from the prior year. The Paid Platform provides a frictionless and simple onboarding process for both gig platforms and gig workers. For new or established gig platforms, big or small, this new Payfare solution brings a zero to low-cost, transparent and simple way to pay workers instantly, when and how they want. Gig workers who opt to receive their earnings to the Paid Card will benefit from no-fee, instant access to earnings, secure and no-fee mobile banking, and financial tools to help their small business, including cash back rewards on everyday purchases.분석 기사 • Jan 25We're Hopeful That Payfare (TSE:PAY) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. For example, although...Recent Insider Transactions • Dec 15Co-Founder recently bought CA$101k worth of stockOn the 13th of December, Marco Margiotta bought around 12k shares on-market at roughly CA$8.75 per share. In the last 3 months, they made an even bigger purchase worth CA$224k. Marco has been a buyer over the last 12 months, purchasing a net total of CA$424k worth in shares.Recent Insider Transactions • Nov 15Co-Founder recently bought CA$224k worth of stockOn the 12th of November, Marco Margiotta bought around 25k shares on-market at roughly CA$8.97 per share. This was the largest purchase by an insider in the last 3 months. This was Marco's only on-market trade for the last 12 months.Reported Earnings • Nov 13Third quarter 2021 earnings releasedThe company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CA$12.7m (up 286% from 3Q 2020). Net loss: CA$4.00m (loss narrowed 37% from 3Q 2020).분석 기사 • Oct 05Here's Why We're Not Too Worried About Payfare's (TSE:PAY) Cash Burn SituationWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...Reported Earnings • Aug 14Second quarter 2021 earnings releasedThe company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$8.73m (up 166% from 2Q 2020). Net loss: CA$5.03m (loss narrowed 20% from 2Q 2020).Recent Insider Transactions • Jun 22Insider recently bought CA$1.1m worth of stockOn the 18th of June, Sheng Huang Chung bought around 137k shares on-market at roughly CA$7.89 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.분석 기사 • Jun 19Payfare (TSE:PAY) Is In A Strong Position To Grow Its BusinessThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...Breakeven Date Change • May 15Forecast to breakeven in 2022The 2 analysts covering Payfare expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$812.0k in 2022. Average annual earnings growth of 116% is required to achieve expected profit on schedule.공시 • Mar 21Payfare Inc. has completed an IPO in the amount of CAD 65.4 million.Payfare Inc. has completed an IPO in the amount of CAD 65.4 million. Security Name: Class A Common Shares Security Type: Common Stock Securities Offered: 10,900,000 Price\Range: CAD 6 Discount Per Security: CAD 0.36 Transaction Features: Regulation S; Rule 144A이익 및 매출 성장 예측TSX:PAY - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202555-11N/AN/A112/31/202418812N/AN/A19/30/2024217192734N/A6/30/2024205202632N/A3/31/202419617N/AN/AN/A12/31/2023186131723N/A9/30/2023174111924N/A6/30/202316251822N/A3/31/202314811014N/A12/31/2022130-3711N/A9/30/2022107-10-6-3N/A6/30/202285-14-10-7N/A3/31/202261-16-12-11N/A12/31/202142-21-16-15N/A9/30/202130-23-14-13N/A6/30/202121-25-14-13N/A3/31/202114-26-6-5N/A12/31/202013-26-2-2N/A9/30/202013-27-6-5N/A12/31/20196-24-12-11N/A12/31/20184-13-10-9N/A12/31/20171-11N/A-6N/A12/31/20160-5N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: PAY 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -169.1%).수익 vs 시장: PAY 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -169.1%).고성장 수익: PAY 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: PAY 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -85%).고성장 매출: PAY 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -85%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: PAY의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YDiversified-financials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/03/03 09:37종가2025/03/03 00:00수익2024/09/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Payfare Inc.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Joseph VafiCanaccord GenuityDaniel RosenbergParadigm Capital, Inc.Mehmed RizvanovicStifel Canada
Major Estimate Revision • Nov 13Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$220.3m to CA$195.9m. EPS estimate fell from CA$0.375 to CA$0.24 per share. Net income forecast to shrink 126% next year vs 16% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$4.83 to CA$3.00. Share price rose 2.4% to CA$2.17 over the past week.
Major Estimate Revision • Sep 29Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$238.8m to CA$220.3m. EPS estimate also fell from CA$0.475 per share to CA$0.375 per share. Net income forecast to shrink 69% next year vs 15% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$11.88 to CA$4.83. Share price fell 76% to CA$2.05 over the past week.
Price Target Changed • Aug 22Price target increased by 9.1% to CA$12.00Up from CA$11.00, the current price target is an average from 3 analysts. New target price is 55% above last closing price of CA$7.75. Stock is up 22% over the past year. The company is forecast to post earnings per share of CA$0.46 for next year compared to CA$0.28 last year.
Price Target Changed • Nov 12Price target decreased by 11% to CA$10.42Down from CA$11.67, the current price target is an average from 6 analysts. New target price is 105% above last closing price of CA$5.08. Stock is up 0.4% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.
공시 • Nov 11Payfare Inc. Provides Earnings Guidance for the Fourth Quarter of 2023Payfare Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects revenue to be $50 million.
Price Target Changed • Nov 10Price target decreased by 10.0% to CA$11.25Down from CA$12.50, the current price target is an average from 6 analysts. New target price is 104% above last closing price of CA$5.51. Stock is up 8.7% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.
공시 • Mar 06Payfare Inc.(TSX:PAY) dropped from S&P Global BMI IndexPayfare Inc.(TSX:PAY) dropped from S&P Global BMI Index
공시 • Mar 041517452 B.C. Ltd. completed the acquisition of Payfare Inc. (TSX:PAY) from Su Chun, Kingsferry Capital Management Group Limited and others.1517452 B.C. Ltd. entered into a definitive arrangement agreement to acquire Payfare Inc. (TSX:PAY) from Su Chun, Kingsferry Capital Management Group Limited and others for approximately CAD 200 million on December 22, 2024. Under the terms of the agreement, 1517452 B.C. Ltd. will acquire all of the issued and outstanding common shares of Payfare for CAD 4 in cash per share. Following completion of the arrangement, it is expected that Payfare Shares will be delisted from the TSX and withdrawn from trading on the OTCQX and Payfare will make an application to cease to be a reporting issuer under applicable Securities Laws. Payfare will pay a termination fee of CAD 10,073,306 to 1517452 B.C. Ltd. in case of termination of the transaction under specified circumstances. The Transaction is subject to the receipt of Payfare shareholder approval, court approval, certain third-party approvals, regulatory approval and other customary closing conditions for transactions of this nature, as well as subject to Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Board of Directors of Payfare, after receiving the unanimous recommendation of a committee of independent directors, unanimously approved the transaction. The Transaction is not subject to a financing condition and is expected to close in the first quarter of 2025. As of January 23, 2025, Payfare has been granted an interim order from the Supreme Court of British Columbia. Kingsferry Capital Management Group Limited, which beneficially owns, controls or directs approximately 10.6% of the issued and outstanding common shares of Payfare Inc. (TSX: PAY) ("Payfare" or the "Company"), today issued an open letter to fellow shareholders of Payfare, urging them to vote against the proposed acquisition of all of the issued and outstanding shares of the Company by 1517452 B.C. Ltd. As on February 21, 2025, the transaction has been approved by Payfare shareholders. The transaction has been approved by the Supreme Court of British Columbia on February 26, 2025. Keefe, Bruyette, & Woods Inc. acted as financial advisor and fairness opinion provider to Payfare. Blair Franklin Capital Partners Inc. acted as financial advisor and fairness opinion provider to the Special Committee. Philippe Tardif and Frazer House of Borden Ladner Gervais LLP and Dentons acted as legal advisors to Payfare. Patrick Menda and Susan Tomaine of Blake, Cassels & Graydon LLP and John K. Wilson of Foley & Lardner LLP acted as external legal advisors to Fiserv, Inc., the parent company of 1517452 B.C. Ltd. Odyssey Trust Company acted as transfer agent and registrar and depository bank to Payfare. Kingsdale Advisors acted as information agent to Payfare and 1517452 B.C. Ltd. KPMG LLP acted as independent auditor of Payfare. 1517452 B.C. Ltd. completed the acquisition of Payfare Inc. (TSX:PAY) from Su Chun, Kingsferry Capital Management Group Limited and others on March 3, 2025. As a result of the completion of the arrangement, the Purchaser acquired all of the issued and outstanding Payfare shares. The Payfare shares will cease to be listed on the TSX and to be quoted on the OTCQX. The Purchaser intends to apply for Payfare to cease to be a reporting issuer.
공시 • Mar 03Payfare's Class A Common Shares to be Delisted from the Toronto Stock Exchange, and Withdrawn from Trading in the U.S. on the OTCQXPayfare Inc. (‘Payfare’ or the ‘Company’) announced that 1517452 B.C. Ltd. (the ‘Purchaser’), an affiliate of Fiserv Inc. (‘Fiserv’) has completed its previously announced acquisition of Payfare pursuant to a plan of arrangement under the British Columbia Business Corporations Act (the ‘Arrangement’). The Class A common shares of Payfare (‘Payfare Shares’) will be delisted from the Toronto Stock Exchange, and will be withdrawn from trading in the U.S. on the OTCQX. Payfare will apply to cease to be a reporting issuer in Canada. The Toronto Stock Exchange will disseminate a notice announcing the delisting of the Payfare Shares in due course.
공시 • Feb 12Kingsferry Capital Management Urges Shareholders of Payfare to Vote Against Proposed Arrangement Between Payfare and FiservOn February 11, 2025, Kingsferry Capital Management Group Limited issued an open letter to fellow shareholders of Payfare Inc., urging them to vote against the proposed acquisition of all of the issued and outstanding shares of the Company by 1517452 B.C. Ltd., a subsidiary of Fiserv, Inc., at the Company's upcoming special meeting of shareholders to be held on February 21, 2025. Kingsferry Capital Management expressed its view that the current offer by 1517452 B.C. Ltd., a subsidiary of Fiserv, Inc., to acquire all of the issued and outstanding shares at a price of C$4.00 per share under the proposed plan of arrangement grossly undervalues the Company and prioritizes insider gains over the interests of the Company's shareholders and the interests of the Company.
새로운 내러티브 • Feb 10Revenue Expected To Decline Sharply Due To Contract Nonrenewal And Concentration Risk Nonrenewal of DoorDash and concentration risk with gig economy clients could significantly impact Payfare's revenue stability and earnings.
공시 • Dec 251517452 B.C. Ltd. entered into a definitive arrangement agreement to acquire Payfare Inc. (TSX:PAY) for approximately CAD 200 million.1517452 B.C. Ltd. entered into a definitive arrangement agreement to acquire Payfare Inc. (TSX:PAY) for approximately CAD 200 million on December 22, 2024. Under the terms of the agreement, 1517452 B.C. Ltd. will acquire all of the issued and outstanding common shares of Payfare for CAD 4.00 in cash per share. Payfare will pay a termination fee of CAD 10 million to 1517452 B.C. Ltd. in case of termination of the transaction under specified circumstances. The Transaction is subject to the receipt of Payfare shareholder approval, court approval, certain third-party approvals, and other customary closing conditions for transactions of this nature. The Board of Directors of Payfare, after receiving the unanimous recommendation of a committee of independent directors ("Special Committee"), unanimously approved the transaction. The Transaction is not subject to a financing condition and is expected to close in the first quarter of 2025. Keefe, Bruyette, & Woods Inc. acted as financial advisor and fairness opinion provider to Payfare . Blair Franklin Capital Partners Inc. acted as financial advisor and fairness opinion provider to the Special Committee. Borden Ladner Gervais LLP and Dentons acted as legal advisors to Payfare. Blake, Cassels & Graydon LLP and Foley & Lardner LLP acted as external legal advisors to Fiserv, Inc., the parent company of 1517452 B.C. Ltd.
공시 • Nov 20Payfare Inc. Launches Pronto Providing Earned Wage Access to CanadiansPayfare Inc. announced the launch of its new EWA product, Pronto by PayfareTM. Pronto provides Canadian workers with on-demand access to their earned wages, providing them with financial flexibility to manage income and expenses. Pronto, built on Payfare's award winning payout platform, allows employees to access a portion of their wages as they earn, rather than waiting for traditional pay cycles. This ensures that employees can manage unexpected expenses, reduce financial stress and have greater control over their financial well-being. There are over 10 million hourly-paid employees in Canada1 that make up a significant portion of Canada's labour force, especially in industries reliant on shift work or part-time employment. These sectors face challenges in recruiting and retaining skilled workers, where almost half of businesses report difficulties with staff retention2. This underscores the importance of solutions like EWA to support financial flexibility for workers, while helping employers improve workforce stability. Pronto can have significant benefits for employers, including enhanced employee retention, productivity and overall job satisfaction. Offering modern financial solutions like EWA can be a competitive advantage for employers looking to attract talent in today's tight labour market. Employers across Canada can now integrate Pronto seamlessly into their payroll process.
Major Estimate Revision • Nov 13Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$220.3m to CA$195.9m. EPS estimate fell from CA$0.375 to CA$0.24 per share. Net income forecast to shrink 126% next year vs 16% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$4.83 to CA$3.00. Share price rose 2.4% to CA$2.17 over the past week.
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CA$0.092 (down from CA$0.10 in 3Q 2023). Revenue: CA$59.0m (up 25% from 3Q 2023). Net income: CA$4.46m (down 7.2% from 3Q 2023). Profit margin: 7.6% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is expected to decline by 70% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Canada are expected to grow by 15%. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
공시 • Oct 23Payfare Inc. to Report Q3, 2024 Results on Nov 06, 2024Payfare Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024
분석 기사 • Oct 09Little Excitement Around Payfare Inc.'s (TSE:PAY) Earnings As Shares Take 71% PoundingPayfare Inc. ( TSE:PAY ) shareholders that were waiting for something to happen have been dealt a blow with a 71% share...
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$2.34, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Diversified Financial industry in Canada. Total loss to shareholders of 76% over the past three years.
Major Estimate Revision • Sep 29Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$238.8m to CA$220.3m. EPS estimate also fell from CA$0.475 per share to CA$0.375 per share. Net income forecast to shrink 69% next year vs 15% growth forecast for Diversified Financial industry in Canada . Consensus price target down from CA$11.88 to CA$4.83. Share price fell 76% to CA$2.05 over the past week.
Price Target Changed • Aug 22Price target increased by 9.1% to CA$12.00Up from CA$11.00, the current price target is an average from 3 analysts. New target price is 55% above last closing price of CA$7.75. Stock is up 22% over the past year. The company is forecast to post earnings per share of CA$0.46 for next year compared to CA$0.28 last year.
분석 기사 • Aug 21Payfare Inc.'s (TSE:PAY) 29% Jump Shows Its Popularity With InvestorsPayfare Inc. ( TSE:PAY ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CA$0.10 (up from CA$0.044 in 2Q 2023). Revenue: CA$56.0m (up 20% from 2Q 2023). Net income: CA$4.90m (up 132% from 2Q 2023). Profit margin: 8.7% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CA$7.46, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Diversified Financial industry in Canada. Total loss to shareholders of 37% over the past three years.
분석 기사 • Jul 27Do Payfare's (TSE:PAY) Earnings Warrant Your Attention?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
공시 • Jul 24Payfare Inc. to Report Q2, 2024 Results on Aug 07, 2024Payfare Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024
분석 기사 • Apr 28Payfare Inc. (TSE:PAY) Screens Well But There Might Be A CatchYou may think that with a price-to-sales (or "P/S") ratio of 1.8x Payfare Inc. ( TSE:PAY ) is a stock worth checking...
공시 • Apr 13+ 1 more updatePayfare Inc., Annual General Meeting, Jun 13, 2024Payfare Inc., Annual General Meeting, Jun 13, 2024.
Board Change • Mar 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Hugo Chan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Feb 16Payfare Inc. to Report Q4, 2023 Results on Mar 21, 2024Payfare Inc. announced that they will report Q4, 2023 results After-Market on Mar 21, 2024
분석 기사 • Jan 04Further Upside For Payfare Inc. (TSE:PAY) Shares Could Introduce Price Risks After 31% BouncePayfare Inc. ( TSE:PAY ) shares have had a really impressive month, gaining 31% after a shaky period beforehand. The...
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CA$5.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Diversified Financial industry in Canada. Total returns to shareholders of 44% over the past year.
Price Target Changed • Nov 12Price target decreased by 11% to CA$10.42Down from CA$11.67, the current price target is an average from 6 analysts. New target price is 105% above last closing price of CA$5.08. Stock is up 0.4% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.
공시 • Nov 11Payfare Inc. Provides Earnings Guidance for the Fourth Quarter of 2023Payfare Inc. provided earnings guidance for the fourth quarter of 2023. For the quarter, the company expects revenue to be $50 million.
Price Target Changed • Nov 10Price target decreased by 10.0% to CA$11.25Down from CA$12.50, the current price target is an average from 6 analysts. New target price is 104% above last closing price of CA$5.51. Stock is up 8.7% over the past year. The company is forecast to post earnings per share of CA$0.27 next year compared to a net loss per share of CA$0.064 last year.
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CA$5.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Diversified Financial industry in Canada. Total returns to shareholders of 14% over the past year.
공시 • Nov 01Payfare Inc. to Report Q3, 2023 Results on Nov 08, 2023Payfare Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023
Reported Earnings • Aug 10Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: CA$0.044 (up from CA$0.05 loss in 2Q 2022). Revenue: CA$46.5m (up 39% from 2Q 2022). Net income: CA$2.11m (up CA$4.42m from 2Q 2022). Profit margin: 4.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Diversified Financial industry in Canada.
공시 • Jul 26Payfare Inc. to Report Q2, 2023 Results on Aug 09, 2023Payfare Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023
분석 기사 • Jul 18Payfare Inc. (TSE:PAY) Doing What It Can To Lift SharesYou may think that with a price-to-sales (or "P/S") ratio of 2.1x Payfare Inc. ( TSE:PAY ) is a stock worth checking...
New Risk • Jun 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Price Target Changed • Jun 24Price target decreased by 8.1% to CA$12.50Down from CA$13.60, the current price target is an average from 6 analysts. New target price is 135% above last closing price of CA$5.33. Stock is up 16% over the past year. The company is forecast to post earnings per share of CA$0.28 next year compared to a net loss per share of CA$0.064 last year.
Recent Insider Transactions • May 22Co-Founder & Chief Revenue Officer recently sold CA$62k worth of stockOn the 15th of May, Ryan Deslippe sold around 10k shares on-market at roughly CA$6.20 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ryan's only on-market trade for the last 12 months.
Reported Earnings • May 11First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: CA$0.028 (up from CA$0.058 loss in 1Q 2022). Revenue: CA$42.3m (up 70% from 1Q 2022). Net income: CA$1.29m (up CA$3.99m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Diversified Financial industry in Canada.
공시 • May 05Payfare Inc. to Report Q1, 2023 Results on May 10, 2023Payfare Inc. announced that they will report Q1, 2023 results After-Market on May 10, 2023
Reported Earnings • Mar 24Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: CA$0.064 loss per share (improved from CA$0.49 loss in FY 2021). Revenue: CA$129.9m (up 197% from FY 2021). Net loss: CA$2.94m (loss narrowed 86% from FY 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Diversified Financial industry in Canada.
Breakeven Date Change • Mar 22Forecast breakeven date moved forward to 2023The 5 analysts covering Payfare previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of CA$16.0m in 2023. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
공시 • Jan 11+ 2 more updatesPayfare Inc. to Report Q4, 2022 Results on Mar 22, 2023Payfare Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 22, 2023
Recent Insider Transactions Derivative • Nov 26CFO & Corporate Secretary exercised options to buy CA$68k worth of stock.On the 18th of November, Charles Park exercised options to buy 16k shares at a strike price of around CA$3.45, costing a total of CA$55k. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. Since March 2022, Charles' direct individual holding has increased from 359.79k shares to 387.24k. Company insiders have collectively sold CA$64k more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 24Insider recently sold CA$523k worth of stockOn the 16th of November, Sheng Huang Chung sold around 116k shares on-market at roughly CA$4.53 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$284k more than they bought in the last 12 months.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Hugo Chan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings released: CA$0.017 loss per share (vs CA$0.086 loss in 3Q 2021)Third quarter 2022 results: CA$0.017 loss per share (improved from CA$0.086 loss in 3Q 2021). Revenue: CA$35.9m (up 183% from 3Q 2021). Net loss: CA$823.9k (loss narrowed 79% from 3Q 2021). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Canada.
공시 • Oct 20Payfare Inc. to Report Q3, 2022 Results on Nov 09, 2022Payfare Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022
Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Hugo Chan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Aug 20Payfare Inc. Appoints Hugo Chan to Its Board of DirectorsPayfare Inc. announced that it has appointed Mr. Hugo Chan of Kingsferry Capital to its board of directors to serve as an independent director until the next annual meeting of shareholders. With more than a decade of investment management, capital markets, and mergers & acquisitions experience, Mr. Hugo Chan is currently Co-Founder, Chairman & Chief Investment Officer of Kingsferry Capital Management Group Limited ("Kingsferry"), an investment manager of portfolio funds with global mandates to invest in undervalued securities with strong potential for fair value realization and long-term growth. As of the date hereof, Kingsferry, through its managed funds and affiliates hold in aggregate 5,623,300 Class A Common Shares of the Company, representing approximately 11.9% of the total issued and outstanding Shares of the Company as of June 30, 2022. Prior to founding Kingsferry, Mr. Chan worked in private equity with The Carlyle Group from 2014 to 2016, and held various investment banking positions with the Bank of America Merrill Lynch from 2011 to 2014. He holds a Bachelor of Science in Business Administration and Bachelor of Science in Accounting from the University of Southern California.
Reported Earnings • Aug 11Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: CA$0.05 loss per share (up from CA$0.11 loss in 2Q 2021). Revenue: CA$33.6m (up 285% from 2Q 2021). Net loss: CA$2.31m (loss narrowed 54% from 2Q 2021). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 77%, compared to a 11% growth forecast for the industry in Canada.
공시 • Aug 11Payfare Inc. Revises Revenue Guidance for the Full Year of 2022Payfare Inc. revised revenue guidance for the full year of 2022. The company increased its 2022 annual revenue guidance to $125 million - $135 million from its previous issued guidance of $115 million - $125 million, the midpoint of which represents 197% year over year growth.
공시 • Jul 21Payfare Inc. Provides Revenue Guidance for Second Quarter of 2022Payfare Inc. announced Second Quarter 2022 revenue guidance of $33 million, which represents growth of 285% over the second quarter of 2021 and 35% over the first quarter of 2022. Payfare also announced that it had over 884,000 active users as of June 30, 2022, an increase of approximately 188,000 users or 27% from March 31, 2022. The Company continues to experience significant active user growth driven by coordinated marketing programs with its gig platform partners to support their workforces by providing instant or near instant access to earnings, zero-cost neobanking capabilities and robust cash back rewards programs on everyday purchases including fuel.
Breakeven Date Change • Jul 19Forecast breakeven date pushed back to 2024The 5 analysts covering Payfare previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 67% per year to 2023. The company is expected to make a profit of CA$160.0k in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule.
Recent Insider Transactions Derivative • Jun 23Co-Founder exercised options to buy CA$287k worth of stock.On the 17th of June, Marco Margiotta exercised options to buy 68k shares at a strike price of around CA$1.92, costing a total of CA$130k. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. Since December 2021, Marco's direct individual holding has increased from 1.05m shares to 1.10m. Company insiders have collectively bought CA$3.1m more than they sold, via options and on-market transactions, in the last 12 months.
Major Estimate Revision • Jun 08Consensus estimates of losses per share improve by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CA$123.4m to CA$126.8m. EPS estimate increased from -CA$0.18 per share to -CA$0.15 per share. IT industry in Canada expected to see average net income growth of 15% next year. Consensus price target of CA$13.60 unchanged from last update. Share price was steady at CA$5.68 over the past week.
공시 • Jun 08Payfare Inc. to Report Q2, 2022 Results on Aug 10, 2022Payfare Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 10, 2022
Major Estimate Revision • May 18Consensus revenue estimates increase by 10%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CA$112.0m to CA$123.4m. Forecast losses expected to reduce from -CA$0.59 to -CA$0.18 per share. IT industry in Canada expected to see average net income growth of 15% next year. Consensus price target of CA$13.60 unchanged from last update. Share price rose 6.5% to CA$6.52 over the past week.
분석 기사 • May 17Rainbows and Unicorns: Payfare Inc. (TSE:PAY) Analysts Just Became A Lot More OptimisticPayfare Inc. ( TSE:PAY ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...
Breakeven Date Change • May 13Forecast to breakeven in 2024The 5 analysts covering Payfare expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$160.0k in 2024. Average annual earnings growth of 35% is required to achieve expected profit on schedule.
Major Estimate Revision • May 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$97.8m to CA$108.7m. EPS estimate fell from -CA$0.49 to -CA$0.59 per share. IT industry in Canada expected to see average net income growth of 13% next year. Consensus price target broadly unchanged at CA$14.00. Share price rose 18% to CA$6.96 over the past week.
공시 • Apr 09Payfare Inc., Annual General Meeting, Jun 02, 2022Payfare Inc., Annual General Meeting, Jun 02, 2022.
Recent Insider Transactions • Mar 30Co-Founder recently bought CA$95k worth of stockOn the 25th of March, Marco Margiotta bought around 15k shares on-market at roughly CA$6.35 per share. This was the largest purchase by an insider in the last 3 months. Marco has been a buyer over the last 12 months, purchasing a net total of CA$519k worth in shares.
공시 • Mar 03Payfare Inc. Announces the Next Phase of its Growth with the Paid PlatformPayfare Inc. announced the next phase of its growth with the Paid Platform, an industry first payout solution for gig workforces of any size. Expected to launch in Second Quarter 2022, the Paid Platform will feature the Paid Card and the Paid App, a premium neo-banking app, as one of the zero cost worker payout options. With this new platform designed to meet the financial needs of today’s workforces, Payfare believes it can aggregate a significant user base beyond its current partnerships. The Paid Platform will allow the Company to access a much larger total addressable market capturing more worker earnings processed through the Payfare-managed ecosystem, and is expected to drive revenue growth. As the user base scales it will provide Payfare with deeper visibility into worker income streams and spending habits, supporting the development and roll-out of new margin enhancing product offerings that may include things like micro-credit. The market opportunity is substantial, as it is estimated that there were 51 million independent workers in the United States in 2021, up 34% from the prior year. The Paid Platform provides a frictionless and simple onboarding process for both gig platforms and gig workers. For new or established gig platforms, big or small, this new Payfare solution brings a zero to low-cost, transparent and simple way to pay workers instantly, when and how they want. Gig workers who opt to receive their earnings to the Paid Card will benefit from no-fee, instant access to earnings, secure and no-fee mobile banking, and financial tools to help their small business, including cash back rewards on everyday purchases.
분석 기사 • Jan 25We're Hopeful That Payfare (TSE:PAY) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. For example, although...
Recent Insider Transactions • Dec 15Co-Founder recently bought CA$101k worth of stockOn the 13th of December, Marco Margiotta bought around 12k shares on-market at roughly CA$8.75 per share. In the last 3 months, they made an even bigger purchase worth CA$224k. Marco has been a buyer over the last 12 months, purchasing a net total of CA$424k worth in shares.
Recent Insider Transactions • Nov 15Co-Founder recently bought CA$224k worth of stockOn the 12th of November, Marco Margiotta bought around 25k shares on-market at roughly CA$8.97 per share. This was the largest purchase by an insider in the last 3 months. This was Marco's only on-market trade for the last 12 months.
Reported Earnings • Nov 13Third quarter 2021 earnings releasedThe company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CA$12.7m (up 286% from 3Q 2020). Net loss: CA$4.00m (loss narrowed 37% from 3Q 2020).
분석 기사 • Oct 05Here's Why We're Not Too Worried About Payfare's (TSE:PAY) Cash Burn SituationWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Reported Earnings • Aug 14Second quarter 2021 earnings releasedThe company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$8.73m (up 166% from 2Q 2020). Net loss: CA$5.03m (loss narrowed 20% from 2Q 2020).
Recent Insider Transactions • Jun 22Insider recently bought CA$1.1m worth of stockOn the 18th of June, Sheng Huang Chung bought around 137k shares on-market at roughly CA$7.89 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
분석 기사 • Jun 19Payfare (TSE:PAY) Is In A Strong Position To Grow Its BusinessThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Breakeven Date Change • May 15Forecast to breakeven in 2022The 2 analysts covering Payfare expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$812.0k in 2022. Average annual earnings growth of 116% is required to achieve expected profit on schedule.
공시 • Mar 21Payfare Inc. has completed an IPO in the amount of CAD 65.4 million.Payfare Inc. has completed an IPO in the amount of CAD 65.4 million. Security Name: Class A Common Shares Security Type: Common Stock Securities Offered: 10,900,000 Price\Range: CAD 6 Discount Per Security: CAD 0.36 Transaction Features: Regulation S; Rule 144A
