Hightech Payment Systems S.A.

CBSE:HPS Stock Report

Market Cap: د.م3.8b

Hightech Payment Systems Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

د.م3.05
Fair Value
16.3k% overvalued intrinsic discount
3
Number of Analysts

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

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

Key Valuation Metric

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

Key metric: As HPS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HPS. This is calculated by dividing HPS's market cap by their current revenue.
What is HPS's PS Ratio?
PS Ratio2.8x
Salesد.م1.34b
Market Capد.م3.78b

Price to Sales Ratio vs Peers

How does HPS's PS Ratio compare to its peers?

The above table shows the PS ratio for HPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
SLF Salafin
3.1xn/aد.م2.1b
EQD Societe d'Equipement Domestique et Menager (EQDOM)
1.3xn/aد.م2.1b
MLE Maroc Leasing
0.3xn/aد.م1.0b
TYR Tyro Payments
1.2x4.53%AU$600.1m
HPS Hightech Payment Systems
2.8x14.26%د.م3.8b

Price-To-Sales vs Peers: HPS is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does HPS's PS Ratio compare vs other companies in the African Diversified Financial Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
HPS 2.8xIndustry Avg. 2.0xNo. of Companies6PS0246810+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HPS is expensive based on its Price-To-Sales Ratio (2.8x) compared to the African Diversified Financial industry average (2x).

Price to Sales Ratio vs Fair Ratio

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

HPS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HPS's Price-To-Sales Fair Ratio for valuation analysis.

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 HPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.م510.00
د.م727.33
+42.61%
6.43%د.م781.00د.م667.00n/a3
Oct ’26د.م490.00
د.م717.33
+46.39%
5.06%د.م751.00د.م667.00n/a3
Sep ’26د.م585.00
د.م713.67
+21.99%
5.80%د.م751.00د.م656.00n/a3
Aug ’26د.م590.00
د.م713.67
+20.96%
5.80%د.م751.00د.م656.00n/a3
Jul ’26د.م580.00
د.م713.67
+23.05%
5.80%د.م751.00د.م656.00n/a3
Jun ’26د.م550.00
د.م713.67
+29.76%
5.80%د.م751.00د.م656.00n/a3
May ’26د.م569.00
د.م646.00
+13.53%
1.55%د.م656.00د.م636.00n/a2
Apr ’26د.م620.00
د.م674.33
+8.76%
5.97%د.م730.00د.م636.00n/a3
Mar ’26د.م634.80
د.م674.33
+6.23%
5.97%د.م730.00د.م636.00n/a3
Feb ’26د.م679.00
د.م674.33
-0.69%
5.97%د.م730.00د.م636.00n/a3
Jan ’26د.م607.00
د.م674.33
+11.09%
5.97%د.م730.00د.م636.00n/a3
Dec ’25د.م550.00
د.م664.00
+20.73%
3.94%د.م699.00د.م636.00n/a3
Nov ’25د.م570.00
د.م664.00
+16.49%
3.94%د.م699.00د.م636.00n/a3
Oct ’25د.م560.00
د.م680.67
+21.55%
7.21%د.م749.00د.م636.00د.م490.003
Sep ’25د.م571.10
د.م729.00
+27.65%
7.21%د.م781.00د.م657.00د.م585.003
Aug ’25د.م520.00
د.م729.00
+40.19%
7.21%د.م781.00د.م657.00د.م590.003
Jul ’25د.م519.00
د.م730.50
+40.75%
6.24%د.م781.00د.م657.00د.م580.004
Jun ’25د.م550.00
د.م730.50
+32.82%
6.24%د.م781.00د.م657.00د.م550.004
May ’25د.م550.00
د.م730.50
+32.82%
6.24%د.م781.00د.م657.00د.م569.004
Apr ’25د.م578.00
د.م721.50
+24.83%
6.18%د.م781.00د.م657.00د.م620.004
Mar ’25د.م590.00
د.م721.50
+22.29%
6.18%د.م781.00د.م657.00د.م634.804
Feb ’25د.م617.90
د.م701.67
+13.56%
4.68%د.م735.00د.م657.00د.م679.003
Jan ’25د.م622.00
د.م701.67
+12.81%
4.68%د.م735.00د.م657.00د.م607.003
Dec ’24د.م615.00
د.م688.83
+12.01%
3.65%د.م718.50د.م657.00د.م550.003
Nov ’24د.م624.00
د.م688.83
+10.39%
3.65%د.م718.50د.م657.00د.م570.003
Oct ’24د.م630.60
د.م770.30
+22.15%
6.98%د.م855.00د.م718.50د.م560.004
د.م727.33
Fair Value
31.3% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/12 10:03
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Hightech Payment Systems S.A. is covered by 6 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
Kais KriaaAlphaMena
Myriam ChaabouniAlphaMena
Khadija El MoussilyBmce Capital Bourse