Boku Inc (BOKU) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Boku Inc £1.58, price £1.44, upside +10.0%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range £0.7700 – £2.49 · fair‑value band £1.39 – £2.06 · the £1.44 price screens below the £1.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 4, 2026.
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Boku, Inc., together with its subsidiaries, provides local payment solutions for merchants in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers network of direct carrier billing, digital wallets, and account-to-account real-time payment schemes.
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Boku, Inc., together with its subsidiaries, provides local payment solutions for merchants in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers network of direct carrier billing, digital wallets, and account-to-account real-time payment schemes. It also provides additional value-added services, including currency conversion and cross-border funds settlement. The company provides its services through mobile network operators, digital wallets, cable TV companies, and others. Boku, Inc. was incorporated in 2008 and is headquartered in London, the United Kingdom.
Stock analysis
Boku Inc (BOKU) currently trades at £1.44, while our model-based Fair Value estimate is £1.58, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £3.36 per share, and 13 of the 24 models we run sit above the £1.44 price.
Bear case: the Asset-Based group reads lowest at £0.2700, and 11 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: £1.39 (bear) to £2.06 (bull), the price of £1.44 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Boku Inc reported revenue of $132M in FY2025 versus $69.2M in FY2021, a compound +17.4%/yr. Reported net income was $12.5M in FY2025, compounding +18.9%/yr from FY2021.
Key figures
Market cap 419M GBX · P/E ratio 47.8 · P/S ratio 4.56 · EPS (TTM) £0.0300 · Net margin 9.5% · Return on equity 9.8% · Return on assets (EBIT) 2.8% · Operating margin 9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 42% below its 52-week high and 52% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −23% fair-value upside, at 10%, BOKU screens cheaper than that median.
Fair Value models
Bear £1.39Fair Value £1.58Bull £2.06
Price £1.44 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.0228 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+32.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.5%
Start year 2020 (pandemic). Over 10 years: +21.2% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.0%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → 17%
2025 sits 184% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−20.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −22.0% a year for the price and +7.5% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 333 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (TTM)9.8% · Above median
Return on assets2.0% · Above median
Net margin (TTM)10.6% · Above median
Operating margin (TTM)9.6% · Above median
Growth and dividend
Revenue growth5.1% · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Boku Inc Fair Value". https://www.fairvalue-calculator.com/stock/BOKU
Frequently asked questions
Is Boku Inc (BOKU) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of £1.58 versus a price of £1.44, about +10% upside (undervalued).
What is the fair value of BOKU?
Our model-based fair value for Boku Inc is £1.58 (as of Oct 4, 2026), built from audited fundamentals. The current price: £1.44.
What is the quality score of BOKU?
Boku Inc has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Boku Inc (BOKU)?
Our model-based price target is the fair value of £1.58 (as of Oct 4, 2026) from 24 valuation models. Cautious scenario £1.39, optimistic scenario £2.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Boku Inc stock forecast for 2026?
Our models put fair value at £1.58, about +10% upside versus a price of £1.44 (undervalued). Cautious scenario £1.39, optimistic scenario £2.06. The calculation is refreshed regularly with new filings.
What is the revenue of Boku Inc (BOKU)?
Boku Inc reported trailing-twelve-month revenue of about $132M (latest available figure, as of Oct 4, 2026).
What growth is priced into Boku Inc (BOKU)?
For today's price to be fair in a discounted-cash-flow model, Boku Inc would have to grow free cash flow by -20.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.5 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of BOKU use?
Our models discount Boku Inc at 10.3 %: a base by market capitalisation (small), damped by beta 0.08, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Boku Inc that is -20.1 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Boku Inc (BOKU) delivered so far?
Over the past 5 years revenue at Boku Inc grew +18.5 % a year. The price currently implies -20.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Boku Inc (BOKU) growing?
The median revenue growth in the sector is +10.6 % a year. That is the yardstick for the growth priced into Boku Inc (-20.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Boku Inc (BOKU)?
The free-cash-flow yield on the price is 15.09 %: that much free cash flow Boku Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Boku Inc (BOKU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Boku Inc it is £1.58 per share (as of Oct 4, 2026), against a price of £1.44. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Boku Inc stock overvalued or undervalued in 2026?
As of Oct 4, 2026, BOKU trades below its calculated fair value: price £1.44, fair value £1.58, a gap of about +10% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BOKU?
No. The price is what the market pays today (£1.44); the fair value is what the company's own numbers justify (£1.58). For Boku Inc the two are £0.1440 per share apart. That gap is exactly why we show both numbers side by side.
How much is Boku Inc worth?
The market values Boku Inc at about 419M GBX (market capitalisation, as of Oct 4, 2026). Per share that is £1.44; our models calculate a fair value of £1.58 per share.
What do the bullish and bearish scenarios say about BOKU?
Our models span a range for Boku Inc: cautious scenario £1.39, base £1.58, optimistic £2.06 per share (as of Oct 4, 2026, price £1.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BOKU?
Boku Inc trades at a price-to-earnings ratio of 47.8 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.58 is built from several models across several years. Other multiples: P/B 3.6, P/S 4.2, EV/EBITDA 19.0.
How solid is the balance sheet of Boku Inc (BOKU)?
Balance-sheet figures for Boku Inc (as of Oct 4, 2026): return on equity 9.8%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is BOKU from its 52-week high?
Boku Inc trades at £1.44, about 42% below its 52-week high of £2.49 and 52% above the low of £0.9460 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £1.58 is for.
Which stocks are comparable to Boku Inc?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, CrowdStrike Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Boku Inc stock attractive at the current price?
The data as of Oct 4, 2026: price £1.44, calculated fair value £1.58 (+10%), Quality Score 66/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BOKU calculated?
We run Boku Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £1.58, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Boku Inc currently trades 9 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Boku Inc (BOKU)?
The closing price on Oct 2, 2026 was £1.44. Our model-based fair value is £1.58, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Boku Inc right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Boku Inc
How large is the market capitalisation of Boku Inc (BOKU)?
The market capitalisation of Boku Inc is 419M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Boku Inc (BOKU)?
The price-to-sales ratio of Boku Inc is 4.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Boku Inc (BOKU)?
Earnings per share at Boku Inc are £0.0300 (price ÷ EPS = P/E 47.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Boku Inc (BOKU)?
The net margin of Boku Inc is 9.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Boku Inc (BOKU)?
The return on equity (ROE) of Boku Inc is 9.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Boku Inc (BOKU)?
On an EBIT basis the return on assets of Boku Inc is 2.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Boku Inc (BOKU)?
The operating margin of Boku Inc is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Boku Inc (BOKU)?
Revenue at Boku Inc is growing +5.1% versus a year earlier (3y avg +27.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Boku Inc (BOKU) hold?
Boku Inc holds more cash than debt, $240M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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