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Ease2pay N.V (EAS2P) Fair Value & Analysis

Technology · NL · Market cap €9.5M

EN Ease2pay N.V EAS2P · AS
Price€0.4000
Fair Value€0.2400
Upside-40.0%
Quality73/100
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Mixed Growth
Thin margins · 7.4% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 34/100
Evidence: High Range €0.2200 – €0.3100 Share as image

Fair value as of: Jul 19, 2026

From 21 valuation models · updated 22 days ago

Share price −4.8% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (€0.3100). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

€3.56 €0.3600 Fair Value €0.2400 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €0.3600 – €3.56 · fair‑value band €0.2200 – €0.3100 · the €0.4000 price screens above the €0.2400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Ease2pay N.V (EAS2P) currently trades at €0.4000, while our model-based Fair Value estimate is €0.2400, implying the stock looks roughly 40.0% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Technology 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, Ease2pay N.V generated revenue of €3.9M at a net margin of 7.4%. Revenue grew 40.1% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of €6.4M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €0.2200 (bear case) to €0.3100 (bull case); at €0.4000, the current price sits above 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. The share trades about 26% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -40%, EAS2P 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
Growth DCF €0.7800 €1.09 €1.57 80
Rev-Margin DCF €0.7000 €0.9900 €1.60 74
Growth-Adj P/E €0.3900 €0.5500 €0.7200 68
All 21 models by family
DCF Models
FCF DCF €0.8100 €1.03 €1.66 38
Owner Earnings €0.9200 €1.54 €2.62 31
5Y Revenue Exit €0.6600 €0.9000 €1.39 39
5Y EBITDA Exit €0.7300 €1.03 €1.63 41
5Y P/E Exit €0.5800 €0.8400 €1.16 38
10Y Revenue Exit €0.7100 €1.10 €1.32 36
10Y EBITDA Exit €0.7600 €1.22 €2.00 37
10Y P/E Exit €0.6700 €0.9500 €1.38 35
Earnings-Based
Graham-Dodd €0.0800 €0.5800 €0.8100 54
Lynch FV €0.3000 €0.4300 €0.5600 50
PEG = 1.0 €0.3000 €0.4300 €0.5600 46
Multiples
P/E Multiple €0.1800 €0.2400 €0.3100 63
P/S Multiple €0.1600 €0.2100 €0.2600 58
P/B Multiple €0.1600 €0.2100 €0.2600 55
EV/EBITDA €0.6800 €0.8200 €0.9600 54
EV/Revenue €0.5600 €0.6900 €0.8100 43
Asset-Based
NCAV (Graham) €0.1400 €0.1900 €0.2900 50
Growth DCF
Growth DCF €0.7800 €1.09 €1.57 80
Rev-Margin DCF €0.7000 €0.9900 €1.60 74
Economic Profit
Residual Income €0.1900 €0.1900 €0.1500 61
Growth Earnings
Growth-Adj P/E €0.3900 €0.5500 €0.7200 68

Widest divergence: DCF Models (€1.03) versus Asset-Based (€0.1900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €3.9M
Revenue growth (YoY) +40.1%
Net margin 7.4%
Return on equity 4.3%
Free cash flow €1.1M FY2025
P/E ratio 38.8
More key figures
Operating margin 4.9%
EPS (TTM) €0.0100
Net cash €6.4M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 51

Profitability 26
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 77
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

Ease2pay N.V., together with its subsidiaries, provides payment services through its self-service platform in the Netherlands.

Full company description

Ease2pay N.V., together with its subsidiaries, provides payment services through its self-service platform in the Netherlands. It offers Ease2pay On the GO, a parking and fueling in one app; Ease2pay AanUit that activates and pays for electricity, water, and lodging for boat or camper; Ease2pay Marktstroom, which can activate power and water for your stand or event; Ease2pay Walstroom, it is developed for sea vessels and inland skippers that activate and pay for power, water, and berth; and Ease2pay NomadPower, which activates power for refrigerated truck at refrigerated transport parking lots. The company also provides Internet of Things (IoT) technology to communicate with connected devices, such as chargers, laundry machines, electricity, and water supply connection points. The company was formerly known as DOCDATA N.V. and changed its name to Ease2pay N.V. in February 2018. Ease2pay N.V. was incorporated in 1981 and is based in Rotterdam, the Netherlands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ease2pay N.V reported revenue of €3.9M in FY2025 versus €354K in FY2021, a compound +82.1%/yr. Reported net income was €288K in FY2025.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€3.9M
Latest YoY
+35.0%
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.
+4.8%
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.
+81.6%
Avg. growth/yr (23Y) 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.
−12.0%
Revenue +82.1%/yr
FY21 €354K
FY22 €3.4M
FY23 €2.7M
FY24 €2.9M
FY25 €3.9M
Net income
FY21 −€808K
FY22 −€26.8M
FY23 −€1.5M
FY24 −€803K
FY25 €288K

EAS2P screens 40% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Ease2pay N.V Fair Value". https://www.fairvalue-calculator.com/stock/EAS2P

Peer Group

Software - Infrastructure · 370 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 73 · Top 25%
Fair Value upside −40% · Below median
Return on equity (TTM) 4% · Above median
Return on assets -1% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 40% · Top 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 40.5× · Pricier than median
P/B 1.62× · Cheaper than median
P/S (TTM) 2.83× · Pricier than median
P/FCF 10.3× · Pricier than median
EV/EBITDA 12.4× · Cheaper than median

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 0 · sector 0
FUTURE 100 · sector 46
PAST 17 · sector 15
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Ease2pay N.V (EAS2P) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €0.2400 versus a price of €0.4000, about −40% (overvalued).
What is the fair value of EAS2P?
Our model-based fair value for Ease2pay N.V is €0.2400 (as of Jul 19, 2026), built from audited fundamentals. The current price is €0.4000.
What is the quality score of EAS2P?
Ease2pay N.V has a Quality Score of 73/100. 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 Ease2pay N.V (EAS2P)?
Ease2pay N.V reported trailing-twelve-month revenue of about €3.9M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of EAS2P?
The net profit margin of Ease2pay N.V is about 7.4%, meaning it keeps roughly 7.4% 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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