Payfare Inc.

TSX:PAY Stock Report

Market Cap: CA$106.2m

Payfare Valuation

Is PAY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PAY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PAY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PAY's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PAY?

Key metric: As PAY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PAY. This is calculated by dividing PAY's market cap by their current earnings.
What is PAY's PE Ratio?
PE Ratio5.2x
EarningsCA$19.38m
Market CapCA$106.23m

Price to Earnings Ratio vs Peers

How does PAY's PE Ratio compare to its peers?

The above table shows the PE ratio for PAY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
CXI Currency Exchange International
13x47.4%CA$142.6m
EPF Everyday People Financial
30.2xn/aCA$64.0m
PNP Pinetree Capital
5.1xn/aCA$99.2m
LPC Lorne Park Capital Partners
42.9xn/aCA$76.5m
PAY Payfare
5.2x-169.1%CA$106.2m

Price-To-Earnings vs Peers: PAY is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

How does PAY's PE Ratio compare vs other companies in the North American Diversified Financial Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PAY 5.2xIndustry Avg. 14.6xNo. of Companies15PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PAY is good value based on its Price-To-Earnings Ratio (5.2x) compared to the North American Diversified Financial industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is PAY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PAY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ratio0.8x

Price-To-Earnings vs Fair Ratio: PAY is expensive based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (0.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PAY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.07
CA$3.00
+44.9%
27.2%CA$4.00CA$2.00n/a3
Dec ’25CA$1.98
CA$3.00
+51.5%
27.2%CA$4.00CA$2.00n/a3
Nov ’25CA$2.04
CA$4.83
+136.9%
39.9%CA$7.50CA$3.00n/a3
Oct ’25CA$2.05
CA$4.83
+135.8%
39.9%CA$7.50CA$3.00n/a3
Sep ’25CA$8.70
CA$12.00
+37.9%
6.8%CA$13.00CA$11.00n/a3
Aug ’25CA$7.70
CA$11.00
+42.9%
12.9%CA$13.00CA$9.00n/a5
Jul ’25n/a
CA$10.60
0%
12.8%CA$13.00CA$9.00n/a5
Jun ’25CA$6.63
CA$10.80
+62.9%
12.3%CA$13.00CA$9.00n/a5
May ’25CA$6.49
CA$10.70
+64.9%
13.1%CA$13.00CA$9.00n/a5
Apr ’25CA$6.23
CA$10.42
+67.2%
12.5%CA$13.00CA$9.00n/a6
Mar ’25CA$7.00
CA$10.42
+48.8%
12.5%CA$13.00CA$9.00n/a6
Feb ’25CA$7.03
CA$10.42
+48.2%
12.5%CA$13.00CA$9.00n/a6
Jan ’25CA$6.21
CA$10.42
+67.7%
12.5%CA$13.00CA$9.00n/a6
Dec ’24CA$5.07
CA$10.42
+105.5%
12.5%CA$13.00CA$9.00CA$1.986
Nov ’24CA$4.47
CA$11.67
+161.0%
21.9%CA$17.00CA$9.00CA$2.046
Oct ’24CA$5.41
CA$11.67
+115.7%
21.9%CA$17.00CA$9.00CA$2.056
Sep ’24CA$7.12
CA$11.67
+63.9%
21.9%CA$17.00CA$9.00CA$8.706
Aug ’24CA$6.33
CA$12.50
+97.5%
23.9%CA$17.00CA$9.00CA$7.706
Jul ’24CA$5.60
CA$12.50
+123.2%
23.9%CA$17.00CA$9.00n/a6
Jun ’24CA$5.31
CA$13.00
+144.8%
23.3%CA$17.00CA$9.00CA$6.635
May ’24CA$6.64
CA$13.00
+95.8%
23.3%CA$17.00CA$9.00CA$6.495
Apr ’24CA$7.12
CA$13.00
+82.6%
23.3%CA$17.00CA$9.00CA$6.235
Mar ’24CA$5.94
CA$13.00
+118.9%
23.3%CA$17.00CA$9.00CA$7.005
Feb ’24CA$5.92
CA$13.00
+119.6%
23.3%CA$17.00CA$9.00CA$7.035
Jan ’24CA$4.29
CA$13.00
+203.0%
23.3%CA$17.00CA$9.00CA$6.215
Dec ’23CA$4.70
CA$13.00
+176.6%
23.3%CA$17.00CA$9.00CA$5.075

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 23:28
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Payfare Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harold GoetschB. Riley Securities, Inc.
Joseph VafiCanaccord Genuity
Joshua SieglerCantor Fitzgerald & Co.