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CAB Payments Holdings (CABP) Fair Value & Analysis

Financial Services · GB · Market cap 195M GBX

CP CAB Payments Holdings CABP · LSE
Price£0.8100
Fair Value£0.7000
Upside-13.6%
Quality31/100
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Expensive Growth
Solidly profitable · 15.8% net margin
negative free cash flow
Trails peers (1/10)
Narrow moat 35/100
Evidence: High Range £0.5300 – £0.8800 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from £0.6900 to £0.7000 (+1.4%) since Jul 16, 2026. Share price +4.8% over the past month.

Below-average quality, and screening another 14% overvalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from £0.5300 (bear) to £0.8800 (bull), base £0.7000. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 31/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

£3.11 £0.3840 Fair Value £0.7000 Jul 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

37‑month range £0.3840 – £3.11 · fair‑value band £0.5300 – £0.8800 · the £0.8100 price screens above the £0.7000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CAB Payments Holdings (CABP) currently trades at £0.8100, while our model-based Fair Value estimate is £0.7000, implying the stock looks roughly 13.6% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CAB Payments Holdings generated revenue of £86.1M at a net margin of 15.8%. Revenue declined 5.8% year over year. It earns a return on equity of 8.8%. The balance sheet holds a net cash position of £239M. Fundamentals as of Aug 13, 2026

Our scenario range runs from £0.5300 (bear case) to £0.8800 (bull case); at £0.8100, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -15% fair-value upside, at -14%, CABP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income £0.4900 £0.5100 £0.5300 76
Gordon GGM £0.3500 £0.5900 £0.7700 70
P/E Multiple £0.5200 £0.6900 £0.8700 63
All 6 models by family
Dividend Discount
Gordon GGM £0.3500 £0.5900 £0.7700 70
DDM Multi-Stage £0.3500 £0.5600 £0.6300 61
Multiples
P/E Multiple £0.5200 £0.6900 £0.8700 63
P/B Multiple £0.6600 £0.8900 £1.11 55
Asset-Based
NCAV (Graham) £0.3200 £0.4200 £0.6300 50
Economic Profit
Residual Income £0.4900 £0.5100 £0.5300 76

Widest divergence: Multiples (£0.6900) versus Asset-Based (£0.4200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 86.1M GBX
Revenue growth (YoY) -5.8%
Net margin 15.8%
Return on equity 8.8%
Free cash flow −10.3M GBX FY2025
P/E ratio 16.2
More key figures
Operating margin -18.2%
EPS (TTM) £0.0500
EPS growth (YoY) +233%
Net cash 239M GBX FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 33 · Market factors (momentum, volatility) 60

Profitability 24
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 27
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CAB Payments Holdings Limited, through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia.

Full company description

CAB Payments Holdings Limited, through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia. The company offers wholesale FX and payment services; banking services, including transaction and deposit accounts, as well as trade finance solutions; and FX derivatives. It serves banking institutions comprising emerging market financial institutions (EMFI), central banks, and major market banks; fintechs consisting of high street and online remittance companies, payroll providers, and pension administrators; corporates, such as airlines, logistics, infrastructure, and telecom companies; and international development organizations (IDOs), including multilateral, government, and non-government organizations. The company was formerly known as CABIM Limited and changed its name to CAB Payments Holdings Limited in March 2023. CAB Payments Holdings Limited was incorporated in 2015 and is headquartered in London, United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CAB Payments Holdings reported revenue of £147M in FY2025 versus £14.5M in FY2021, a compound +78.4%/yr. Reported net income was £13.6M in FY2025, compounding +17.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£147M
Latest YoY
+39.6%
Avg. growth/yr (3Y) 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.
+64.7%
Avg. growth/yr (5Y) 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.
+33.9%
Avg. growth/yr (9Y) 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.
+30.7%
Revenue +78.4%/yr
FY21 £14.5M
FY22 £33.0M
FY23 £168M
FY24 £106M
FY25 £147M
Net income +17.4%/yr
FY21 £7.1M
FY22 £31.0M
FY23 £22.7M
FY24 £14.2M
FY25 £13.6M

CABP screens 14% overvalued. Compare with JPMorgan Chase & Co →

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Cite: Fair Value Calculator (2026). "CAB Payments Holdings Fair Value". https://www.fairvalue-calculator.com/stock/CABP

Peer Group

Banks - Diversified · 47 stocks

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.

Quality Score 34 · Bottom 25%
Fair Value upside −14% · Below median
Return on equity (TTM) 9% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 16% · Bottom 25%
Operating margin (TTM) -18% · Bottom 25%
Revenue growth -6% · Bottom 25%

Valuation Multiples vs Banks - Diversified median · lower = cheaper

P/E (TTM) 16.2× · Pricier than median
P/B 1.65× · Pricier than median
P/S (TTM) 3.07× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 15 · sector 19
FUTURE 0 · sector 25
PAST 35 · sector 42
HEALTH 0 · sector 52
DIVIDEND 0 · sector 67

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
JPMorgan Chase & Co JPM $365.18 $217.97 -40%
Bank of America Corporation BOFA C$31.78 C$18.89 -41%
China Construction Bank Corporation 601939 ¥10.24 ¥18.21 +78%
Industrial and Commercial Bank of China Limited 601398 ¥7.52 ¥14.44 +92%
HSBC Holdings HBCN 1,610 MXN 1,364 MXN -15%
Agricultural Bank of China Limited 601288 ¥6.56 ¥12.94 +97%
Bank of China Limited 601988 ¥5.83 ¥11.24 +93%
Banco Santander, S.A SAN 55.29 PLN 31.78 PLN -43%
UBS Group UBSN 939.75 MXN 565.49 MXN -40%
Barclays PLC BCSN 475.00 MXN 332.60 MXN -30%

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Frequently asked questions

Is CAB Payments Holdings (CABP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of £0.7000 versus a price of £0.8100, about −14% (overvalued).
What is the fair value of CABP?
Our model-based fair value for CAB Payments Holdings is £0.7000 (as of Aug 13, 2026), built from audited fundamentals. The current price is £0.8100.
What is the quality score of CABP?
CAB Payments Holdings has a Quality Score of 31/100. 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 revenue of CAB Payments Holdings (CABP)?
CAB Payments Holdings reported trailing-twelve-month revenue of about £86.1M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CABP?
The net profit margin of CAB Payments Holdings is about 15.8%, meaning it keeps roughly 15.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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