ASX:TYR

Stock Analysis Report

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Executive Summary

Tyro Payments Limited provides payment solutions to merchants and business banking products to businesses in Australia. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Tyro Payments's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TYR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TYR's weekly volatility has decreased from 14% to 6% over the past year.


Market Performance


7 Day Return

-7.4%

TYR

-0.6%

AU IT

2.4%

AU Market


1 Year Return

n/a

TYR

63.7%

AU IT

-0.6%

AU Market

Return vs Industry: Insufficient data to determine how TYR performed against the Australian IT industry.

Return vs Market: Insufficient data to determine how TYR performed against the Australian Market.


Shareholder returns

TYRIndustryMarket
7 Day-7.4%-0.6%2.4%
30 Day0.3%-4.8%8.0%
90 Day6.3%-0.7%8.8%
1 Yearn/a65.8%63.7%2.7%-0.6%
3 Yearn/a161.9%146.5%24.3%9.0%
5 Yearn/a96.7%72.9%56.9%25.7%

Long-Term Price Volatility Vs. Market

How volatile is Tyro Payments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tyro Payments undervalued compared to its fair value and its price relative to the market?

9.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TYR (A$3.73) is trading above our estimate of fair value (A$2.33)

Significantly Below Fair Value: TYR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TYR is unprofitable, so we can't compare its PE Ratio to the AU IT industry average.

PE vs Market: TYR is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TYR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TYR is overvalued based on its PB Ratio (9.8x) compared to the AU IT industry average (3.5x).


Next Steps

Future Growth

How is Tyro Payments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

76.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: TYR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TYR's is expected to become profitable in the next 3 years.

Revenue vs Market: TYR's revenue (21.1% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: TYR's revenue (21.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TYR's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

How has Tyro Payments performed over the past 5 years?

-35.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TYR is currently unprofitable.

Growing Profit Margin: TYR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TYR is unprofitable, and losses have increased over the past 5 years at a rate of 35.6% per year.

Accelerating Growth: Unable to compare TYR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TYR is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-23.2%).


Return on Equity

High ROE: TYR has a negative Return on Equity (-20.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tyro Payments's financial position?


Financial Position Analysis

Short Term Liabilities: TYR's short term assets (A$150.3M) exceed its short term liabilities (A$69.9M).

Long Term Liabilities: TYR's short term assets (A$150.3M) exceed its long term liabilities (A$4.2M).


Debt to Equity History and Analysis

Debt Level: TYR is debt free.

Reducing Debt: TYR has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TYR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TYR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.4% per year.


Next Steps

Dividend

What is Tyro Payments's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TYR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TYR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TYR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TYR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TYR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Robbie Cooke (54 yo)

2.83yrs

Tenure

AU$2,247,965

Compensation

Mr. Robert Michael Sean Cooke, also known as Robbie, joined Tyro Payments Ltd in 2018 as Chief Executive Officer and serves as Managing Director in October 18, 2019. He was Chief Executive Officer and Mana...


CEO Compensation Analysis

Compensation vs Market: Robbie's total compensation ($USD1.65M) is about average for companies of similar size in the Australian market ($USD1.34M).

Compensation vs Earnings: Robbie's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Michael Cooke
MD, CEO & Director2.83yrsAU$2.25m0.097%
A$ 1.8m
Praveenesh Pala
Chief Financial Officer6.08yrsAU$1.13m0.054%
A$ 1.0m
Angela Green
Chief Risk Officer1.83yrsAU$732.22k0.022%
A$ 410.4k
Dave Coombes
Chief Technology Officer3.83yrsno datano data
Sami Wilson
General Counselno datano datano data
Matt Johnston
Corporate Communications Managerno datano datano data
Lisa Vitaris
Chief Marketing Officer2.83yrsno datano data
Yvette Mandanas
Chief People Officer3.92yrsno datano data
Josh Walther
Chief Customer Officer2.83yrsno datano data
James Revell
Chief Strategy Officerno datano datano data
Steve Chapman
Head of Internal Audit1.67yrsno datano data
Bronwyn Yam
Chief Product Officer3.83yrsno datano data

2.8yrs

Average Tenure

Experienced Management: TYR's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Michael Cooke
MD, CEO & Director2.83yrsAU$2.25m0.097%
A$ 1.8m
David Thodey
Independent Non-Executive Chairman1.08yrsAU$211.80k0.20%
A$ 3.7m
Fiona Pak-Poy
Independent Non-Executive Director1.17yrsAU$119.49k0.018%
A$ 338.9k
Catherine Harris
Independent Non-Executive Director4.92yrsAU$178.10k0.14%
A$ 2.7m
Hamish Corlett
Non-Executive Non-Independent Director1.58yrsAU$143.31k0.24%
A$ 4.4m
Paul Rickard
Independent Non-Executive Director11.25yrsAU$191.17k0.41%
A$ 7.7m
David Fite
Non-Executive Non-Independent Director2.33yrsAU$152.68k3.68%
A$ 68.8m

1.6yrs

Average Tenure

Experienced Board: TYR's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TYR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: TYR only recently listed within the past 12 months.


Top Shareholders

Company Information

Tyro Payments Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tyro Payments Limited
  • Ticker: TYR
  • Exchange: ASX
  • Founded: 2003
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: AU$1.870b
  • Shares outstanding: 506.64m
  • Website: https://www.tyro.com

Number of Employees


Location

  • Tyro Payments Limited
  • Level 1
  • 155 Clarence Street
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2019
TYRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2019

Biography

Tyro Payments Limited provides payment solutions to merchants and business banking products to businesses in Australia. The company operates through Payments, Banking, and Other/Corporate segments. It offe...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 07:05
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.