Ease2pay (ENXTAM:EAS2P) - Share price, News & Analysis

EAS2P fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

EAS2P Stock Overview

Ease2pay N.V. provides online payment services and platform in the Netherlands.

Risk Analysis

Earnings have declined by 6.5% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (€354K)

+ 2 more risks

Ease2pay Competitors

Ctac

ENXTAM:CTAC

€54.9m

Ordina

ENXTAM:ORDI

€406.1m

TIE Kinetix

ENXTAM:TIE

€36.1m

MotorK

ENXTAM:MTRK

€118.3m

Price History & Performance

Summary of all time highs, changes and price drops for Ease2pay
Historical stock prices
Current Share Price	€2.38
52 Week High	€3.50
52 Week Low	€2.10
Beta	2.27
1 Month Change	-1.86%
3 Month Change	3.04%
1 Year Change	-6.50%
3 Year Change	132.84%
5 Year Change	365.69%
Change since IPO	-79.48%

Shareholder Returns

	EAS2P	NL IT	NL Market
7D	0.2%	-0.001%	-0.6%
1Y	-6.5%	-25.5%	-14.5%

Return vs Industry: EAS2P exceeded the Dutch IT industry which returned -25.5% over the past year.

Return vs Market: EAS2P exceeded the Dutch Market which returned -14.5% over the past year.

Price Volatility

Is EAS2P's price volatile compared to industry and market?
EAS2P volatility
EAS2P Average Weekly Movement	7.6%
IT Industry Average Movement	6.2%
Market Average Movement	5.1%
10% most volatile stocks in NL Market	8.1%
10% least volatile stocks in NL Market	3.1%

Stable Share Price: EAS2P is more volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: EAS2P's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Dutch stocks.

About the Company

Founded	Employees	CEO	Website
n/a	7	n/a	https://investor.ease2pay.eu

Ease2pay N.V. provides online payment services and platform in the Netherlands. It offers payment transaction platform, which offers users services to order and pay in one action and parking solutions. The company was formerly known as DOCDATA N.V. and changed its name to Ease2pay N.V. in February 2018.

Ease2pay Fundamentals Summary

How do Ease2pay's earnings and revenue compare to its market cap?
EAS2P fundamental statistics
Market Cap	€55.91m
Earnings (TTM)	-€808.00k
Revenue (TTM)	€354.00k

158.0x

P/S Ratio

-69.2x

P/E Ratio

Is EAS2P overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EAS2P income statement (TTM)
Revenue	€354.00k
Cost of Revenue	€467.00k
Gross Profit	-€113.00k
Other Expenses	€695.00k
Earnings	-€808.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.034
Gross Margin	-31.92%
Net Profit Margin	-228.25%
Debt/Equity Ratio	55.1%

How did EAS2P perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is EAS2P undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EAS2P?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for EAS2P. This is calculated by dividing EAS2P's market cap by their current preferred multiple.
What is EAS2P's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€55.91m

EAS2P key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	159.4x
Enterprise Value/EBITDA	-73.4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does EAS2P's PB Ratio compare to its peers?

EAS2P PB Ratio vs Peers

The above table shows the PB ratio for EAS2P vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	2.4x
CTAC Ctac	2.1x	13.9%	€54.9m
ORDI Ordina	2.3x	15.5%	€406.1m
TIE TIE Kinetix	3.2x	83.6%	€36.1m
MTRK MotorK	2x	73.7%	€118.3m
EAS2P Ease2pay	60.5x	n/a	€55.9m

Price-To-Book vs Peers: EAS2P is expensive based on its Price-To-Book Ratio (60.5x) compared to the peer average (2.4x).

Price to Earnings Ratio vs Industry

How does EAS2P's PE Ratio compare vs other companies in the European IT Industry?

Price-To-Book vs Industry: EAS2P is expensive based on its Price-To-Book Ratio (60.5x) compared to the Dutch IT industry average (5.7x)

Price to Book Ratio vs Fair Ratio

What is EAS2P's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EAS2P PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	60.5x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate EAS2P's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of EAS2P when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate EAS2P's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate EAS2P's fair value 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?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

How is Ease2pay forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.5%

Forecasted Software industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ease2pay has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Ease2pay competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ease2pay performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-6.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EAS2P is currently unprofitable.

Growing Profit Margin: EAS2P is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: EAS2P is unprofitable, and losses have increased over the past 5 years at a rate of 6.5% per year.

Accelerating Growth: Unable to compare EAS2P's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EAS2P is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (26.4%).

Return on Equity

High ROE: EAS2P has a negative Return on Equity (-87.45%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Ease2pay's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: EAS2P's short term assets (€371.0K) do not cover its short term liabilities (€1.3M).

Long Term Liabilities: EAS2P has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: EAS2P's net debt to equity ratio (54.9%) is considered high.

Reducing Debt: EAS2P's debt to equity ratio has increased from 1.6% to 55.1% over the 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: EAS2P has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EAS2P has less than a year of cash runway if free cash flow continues to grow at historical rates of 37.9% each year.

Discover healthy companies

Dividend

What is Ease2pay current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate EAS2P's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EAS2P'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 EAS2P's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EAS2P's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: EAS2P is not paying a notable dividend for the Dutch market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as EAS2P has not reported any payouts.

Discover strong dividend paying companies

Management

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

3.1yrs

Average management tenure

CEO

Ease2pay has no CEO, or we have no data on them.

Leadership Team

Experienced Management: EAS2P's management team is considered experienced (3.1 years average tenure).

Board Members

Experienced Board: EAS2P's board of directors are not considered experienced ( 0.6 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 123.1%.

Data	Last Updated (UTC time)
Company Analysis	2022/08/06 00:00
End of Day Share Price	2022/08/05 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31