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PaySauce

NZSE:PYS
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PYS
NZSE
NZ$82M
Market Cap
  1. Home
  2. NZ
  3. Software
Company description

The last earnings update was 153 days ago. More info.


Add to Portfolio Compare Print
  • PaySauce has significant price volatility in the past 3 months.
PYS Share Price and Events
7 Day Returns
0%
NZSE:PYS
2.7%
NZ Software
0.3%
NZ Market
1 Year Returns
-
NZSE:PYS
8.9%
NZ Software
5.6%
NZ Market
PYS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PaySauce (PYS) 0% -6.7% - - - -
NZ Software 2.7% 8.7% 16.3% 8.9% 69.2% 62.7%
NZ Market 0.3% 1% 6.4% 5.6% 22.9% 44%
1 Year Return vs Industry and Market
  • No trading data on PYS.
  • No trading data on PYS.
Price Volatility
Industry
5yr Volatility vs Market

PYS Value

 Is PaySauce undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for PaySauce. This is due to cash flow or dividend data being unavailable. The share price is NZ$0.014.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PaySauce's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PaySauce's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:PYS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in NZD NZ$-0.44
NZSE:PYS Share Price ** NZSE (2019-03-19) in NZD NZ$0.01
Oceania Software Industry PE Ratio Median Figure of 22 Publicly-Listed Software Companies 35.3x
New Zealand Market PE Ratio Median Figure of 89 Publicly-Listed Companies 17.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PaySauce.

NZSE:PYS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:PYS Share Price ÷ EPS (both in NZD)

= 0.01 ÷ -0.44

-0.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PaySauce is loss making, we can't compare its value to the Oceania Software industry average.
  • PaySauce is loss making, we can't compare the value of its earnings to the New Zealand market.
Price based on expected Growth
Does PaySauce's expected growth come at a high price?
Raw Data
NZSE:PYS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Oceania Software Industry PEG Ratio Median Figure of 17 Publicly-Listed Software Companies 2.79x
New Zealand Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PaySauce, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PaySauce's assets?
Raw Data
NZSE:PYS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in NZD NZ$0.13
NZSE:PYS Share Price * NZSE (2019-03-19) in NZD NZ$0.01
New Zealand Software Industry PB Ratio Median Figure of 9 Publicly-Listed Software Companies 3.43x
New Zealand Market PB Ratio Median Figure of 126 Publicly-Listed Companies 1.53x
NZSE:PYS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:PYS Share Price ÷ Book Value per Share (both in NZD)

= 0.01 ÷ 0.13

0.11x

* Primary Listing of PaySauce.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PaySauce is good value based on assets compared to the NZ Software industry average.
X
Value checks
We assess PaySauce's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. PaySauce has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PYS Future Performance

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

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 PaySauce 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
51.2%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PaySauce expected to grow at an attractive rate?
  • Unable to compare PaySauce's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare PaySauce's earnings growth to the New Zealand market average as no estimate data is available.
  • Unable to compare PaySauce's revenue growth to the New Zealand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NZSE:PYS Future Growth Rates Data Sources
Data Point Source Value (per year)
New Zealand Software Industry Earnings Growth Rate Market Cap Weighted Average 51.2%
Oceania Software Industry Revenue Growth Rate Market Cap Weighted Average 17.9%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 5.9%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NZSE:PYS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:PYS Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2018-03-31 0 -1 -1
2017-03-31 0 0 -1
2016-03-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if PaySauce is high growth as no earnings estimate data is available.
  • Unable to determine if PaySauce is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NZSE:PYS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from PaySauce Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:PYS Past Financials Data
Date (Data in NZD Millions) EPS *
2018-03-31 -0.44
2017-03-31 -0.32
2016-03-31 -0.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PaySauce will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. PaySauce's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  2. PaySauce's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess PaySauce's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the New Zealand market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PaySauce has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PYS Past Performance

  How has PaySauce performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PaySauce's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PaySauce does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare PaySauce's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PaySauce's 1-year growth to the Oceania Software industry average as it is not currently profitable.
Earnings and Revenue History
PaySauce's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PaySauce Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:PYS Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 0.44 -0.86 0.25
2017-03-31 0.12 -0.55 0.12
2016-03-31 0.01 -0.30 0.01
2015-03-31 -0.03 0.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if PaySauce has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PaySauce has efficiently used its assets last year compared to the Oceania Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PaySauce improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PaySauce's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PaySauce has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PYS Health

 How is PaySauce's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PaySauce's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PaySauce is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PaySauce's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PaySauce's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PaySauce Company Filings, last reported 11 months ago.

NZSE:PYS Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 0.28 0.04 0.20
2017-03-31 -0.03 0.00 0.03
2016-03-31 0.19 0.00 0.10
2015-03-31 0.07 0.00 0.06
  • PaySauce's level of debt (13.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if PaySauce's debt level has increased without past 5-year debt data.
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.

  • PaySauce has less than a year of cash runway based on current free cash flow.
  • PaySauce has less than a year of cash runway if free cash flow continues to grow at historical rates of 60.7% each year.
X
Financial health checks
We assess PaySauce's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PaySauce has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PYS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from PaySauce dividends.
If you bought NZ$2,000 of PaySauce shares you are expected to receive NZ$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate PaySauce's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PaySauce's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NZSE:PYS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Oceania Software Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.2%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 76 Stocks 4%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 1.9%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.3%
New Zealand Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as PaySauce has not reported any payouts.
  • Unable to verify if PaySauce's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PaySauce's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PaySauce has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PaySauce's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PaySauce afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PaySauce has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PYS Management

 What is the CEO of PaySauce's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Asantha Wijeyeratne
TENURE AS CEO 0.3 years
CEO Bio

Mr. Asantha Wijeyeratne is a Co-founder, CEO and Director of PaySauce Limited since December 21, 2018. With a background in accounting and payroll, he successfully built SmartPayroll to have over 10,000 SME's. After exiting SmartPayroll in 2013 he was driven to further improve payroll for small businesses by utilising the latest generation of technology.

CEO Compensation
  • Insufficient data for Asantha to compare compensation growth.
  • Insufficient data for Asantha to establish whether their remuneration is reasonable compared to companies of similar size in New Zealand.
Management Team Tenure

Average tenure of the PaySauce management team in years:

0.3
Average Tenure
  • The average tenure for the PaySauce management team is less than 2 years, this suggests a new team.
Management Team

Asantha Wijeyeratne

TITLE
Co-founder
TENURE
0.3 yrs

Troy Tarrant

TITLE
Co-founder & CTO

Krishnakumar Guda

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Warren Choisy

TITLE
Head of Development
TENURE
0.3 yrs

Vicky Taylor

TITLE
Head of Customer Exeperience
TENURE
0.3 yrs

Logan Tyson

TITLE
Head of Growth & Partnerships
TENURE
0.3 yrs

Ben Colgate

TITLE
Head of Design
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the PaySauce board of directors in years:

0.3
Average Tenure
  • The average tenure for the PaySauce board of directors is less than 3 years, this suggests a new board.
Board of Directors

Andrew Barnes

TITLE
Chairman
AGE
58
TENURE
0.3 yrs

Asantha Wijeyeratne

TITLE
Co-founder
TENURE
0.3 yrs

Gavin Thompson

TITLE
Director
TENURE
0.3 yrs

Mandy Simpson

TITLE
Director
TENURE
0.3 yrs

Nick Lewis

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NZ$) Value (NZ$)
X
Management checks
We assess PaySauce's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PaySauce has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PYS News

Simply Wall St News

What does Paysauce Operations Limited's (NZSE:PYS) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Paysauce Operations Limited (NZSE:PYS) with its market cap of NZ$82m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

PYS Company Info

Description

Details
Name: PaySauce Limited
PYS
Exchange: NZSE
Founded:
NZ$81,809,607
5,843,543,401
Website: http://www.paysauce.com
Address: PaySauce Limited
67 Dudley Street,
Lower Hutt,
5010,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE PYS Ordinary Shares New Zealand Stock Exchange NZ NZD 21. Dec 2018
Number of employees
Current staff
Staff numbers
0
PaySauce employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 10:36
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2018/10/17
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.