Cass Information Systems Inc (CASS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cass Information Systems Inc stock $57.72, price $54.18, upside +6.5%, quality 68 out of 100. Rating: fairly valued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $28.56 – $58.21 · fair‑value band $43.29 – $72.15 · the $54.18 price screens below the $57.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates in two segments, Information Services and Banking Services.
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Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.
The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software and online platform to provide generosity services for faith-based and non-profit organizations.
In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as demand, savings, time, and money market deposits; commercial, industrial, commercial real estate, and construction and land development loans; and cash management services to privately held businesses, restaurant franchises, and faith-based ministries.
Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and a leased facility in Colorado Springs, Colorado.
Cass Information Systems, Inc. was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. The company was founded in 1906 and is headquartered in Saint Louis, Missouri.
Stock analysis
Cass Information Systems Inc (CASS) currently trades at $54.18, while our model-based Fair Value estimate is $57.72, so the stock looks roughly fairly valued today (gap 6.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $80.49 per share, and 16 of the 25 models we run sit above the $54.18 price.
Bear case: the Asset-Based group reads lowest at $10.85, and 9 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $43.29 (bear) to $72.15 (bull), the price of $54.18 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 68/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cass Information Systems Inc reported revenue of $191M in FY2025 versus $155M in FY2021, a compound +5.3%/yr. Reported net income was $35.1M in FY2025, compounding +5.3%/yr from FY2021.
Key figures
Market cap $708M Small · P/E ratio 18.6 · P/S ratio 3.26 · EPS (TTM) $2.92 · Dividend yield 2.4% · Net margin 17.6% · Return on equity 16.2% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 7%, CASS screens cheaper than that median.
Fair Value models
Bear$43.29Fair Value $57.72Bull$72.15
Price $54.18 · Upside +6.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.41 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.Coverage ⓘCoverage = 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.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+12.3%
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.
+6.2%
Revenue growth 29 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.
+5.5%
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What shareholders gained per year (last 5 years) ⓘ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.
+7.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.5%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.5% vs 5.3%, steady
Profit margin 2020 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.21% → 20%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−2.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −5.2% a year for the price.
Compare Cass Information Systems Inc with another stock
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.Specialty Business Services · 229 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+6.5% · Below median
Profitability
Return on equity (12 months)16.2% · Above median
Return on assets1.4% · Below median
Net margin (12 months)17.6% · Top 25%
Operating margin (12 months)29.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.2% · Below median
Dividend yield (12 months)2.4% · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)18.6× · Pricier than median
P/B2.91× · Pricier than median
P/S (12 months)3.26× · Priciest 25%
Price / free cash flow (fiscal year)22.3× · Pricier than median
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Cite: Fair Value Calculator (2026). "Cass Information Systems Inc Fair Value". https://www.fairvalue-calculator.com/stock/CASS
Frequently asked questions
Is Cass Information Systems Inc (CASS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $57.72 versus a price of $54.18, about +7% upside (fairly valued).
What is the fair value of CASS?
Our model-based fair value for Cass Information Systems Inc is $57.72 (as of Nov 7, 2026), built from audited fundamentals. The current price: $54.18.
What is the quality score of CASS?
Cass Information Systems Inc has a Quality Score of 68/100. 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 Cass Information Systems Inc (CASS)?
Our model-based price target is the fair value of $57.72 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario $43.29, optimistic scenario $72.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Cass Information Systems Inc stock forecast for 2026?
Our models put fair value at $57.72, about +7% upside versus a price of $54.18 (fairly valued). Cautious scenario $43.29, optimistic scenario $72.15. The calculation is refreshed regularly with new filings.
What is the revenue of Cass Information Systems Inc (CASS)?
Cass Information Systems Inc reported trailing-twelve-month revenue of about $217M (latest available figure, as of Nov 7, 2026).
Does Cass Information Systems Inc pay a dividend?
Cass Information Systems Inc currently shows a dividend yield of 2.36% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Cass Information Systems Inc (CASS) and when is the ex-dividend date?
Cass Information Systems Inc pays a dividend of $1.28 per share a year, a dividend yield of 2.4%. The next ex-dividend date is Dec 4, 2026, with payment on Dec 14, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 43.8% of earnings. Free cash flow covers the dividend 1.94 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Cass Information Systems Inc (CASS)?
For today's price to be fair in a discounted-cash-flow model, Cass Information Systems Inc would have to grow free cash flow by -2.9 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CASS use?
Our models discount Cass Information Systems Inc at 9.8 %: a base by market capitalisation (small), damped by beta 0.40, country premium for USA. 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 Cass Information Systems Inc that is -2.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Cass Information Systems Inc (CASS) delivered so far?
Over the past 5 years revenue at Cass Information Systems Inc grew +5.2 % a year. The price currently implies free-cash-flow growth of -2.9 % per 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 Cass Information Systems Inc (CASS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Cass Information Systems Inc (-2.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cass Information Systems Inc (CASS)?
The free-cash-flow yield on the price is 4.49 %: that much free cash flow Cass Information Systems Inc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cass Information Systems Inc (CASS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cass Information Systems Inc it is $57.72 per share (as of Nov 7, 2026), against a price of $54.18. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Cass Information Systems Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CASS trades below its calculated fair value: price $54.18, fair value $57.72, a gap of about +7% (fairly valued). 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 CASS?
No. The price is what the market pays today ($54.18); the fair value is what the company's own numbers justify ($57.72). For Cass Information Systems Inc the two are $3.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cass Information Systems Inc worth?
The market values Cass Information Systems Inc at about $708M (market capitalisation, as of Nov 7, 2026). Per share that is $54.18; our models calculate a fair value of $57.72 per share.
What do the bullish and bearish scenarios say about CASS?
Our models span a range for Cass Information Systems Inc: cautious scenario $43.29, base $57.72, optimistic $72.15 per share (as of Nov 7, 2026, price $54.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CASS?
Cass Information Systems Inc trades at a price-to-earnings ratio of 18.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $57.72 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 21.6. Other multiples: P/B 2.9, P/S 3.3, EV/EBITDA 4.4.
How solid is the balance sheet of Cass Information Systems Inc (CASS)?
Balance-sheet figures for Cass Information Systems Inc (as of Nov 7, 2026): return on equity 16.2%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is CASS from its 52-week high?
Cass Information Systems Inc trades at $54.18, about 7% below its 52-week high of $58.21 and 41% above the low of $38.49 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $57.72 is for.
Which stocks are comparable to Cass Information Systems Inc?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 Cass Information Systems Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $54.18, calculated fair value $57.72 (+7%), Quality Score 68/100, from 25 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 CASS calculated?
We run Cass Information Systems Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $57.72 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Cass Information Systems Inc currently trades 6% 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 Cass Information Systems Inc (CASS)?
The closing price on Nov 6, 2026 was $54.18. Our model-based fair value is $57.72, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cass Information Systems Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Cass Information Systems Inc (CASS) come from?
Earnings per share at Cass Information Systems Inc grew +3.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.3 %, EBIT margin −5.0 %, tax rate +0.8 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cass Information Systems Inc
How large is the market capitalisation of Cass Information Systems Inc (CASS)?
The market capitalisation of Cass Information Systems Inc is $708M. 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 Cass Information Systems Inc (CASS)?
The price-to-sales ratio of Cass Information Systems Inc is 3.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cass Information Systems Inc (CASS)?
Earnings per share at Cass Information Systems Inc are $2.92 (price ÷ EPS = P/E 18.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cass Information Systems Inc (CASS)?
The dividend yield of Cass Information Systems Inc is 2.4% (payout 43.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cass Information Systems Inc (CASS)?
The net margin of Cass Information Systems Inc is 17.6% (last twelve months). 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 Cass Information Systems Inc (CASS)?
The return on equity (ROE) of Cass Information Systems Inc is 16.2% (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 Cass Information Systems Inc (CASS)?
On an EBIT basis the return on assets of Cass Information Systems Inc is 1.4% (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 Cass Information Systems Inc (CASS)?
The operating margin of Cass Information Systems Inc is 29.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cass Information Systems Inc (CASS)?
Revenue at Cass Information Systems Inc is growing +4.2% versus a year earlier (3y avg +0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cass Information Systems Inc (CASS)?
Earnings per share at Cass Information Systems Inc are growing +18.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Cass Information Systems Inc (CASS) hold?
Cass Information Systems Inc holds more cash than debt, $388M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026