EN DE

Earlypay Limited (EPY) Fair Value & Analysis

Financial Services · AU · Market cap A$30.8M

EL Earlypay Limited EPY · AU
PriceA$0.1200
Fair ValueA$0.1500
Upside+25.0%
Quality58/100
Watch Earlypay Limited for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 3.1% net margin
Moderate debt · generates free cash flow
5.60% dividend yield
Mixed vs. peers (7/14)
Moderate moat 47/100
Evidence: High Range A$0.1100 – A$0.1900 Share as image

Fair value as of: Jul 13, 2026

From 13 valuation models · updated 28 days ago

Share price −4.0% over the past month.

A solid business, screening 25% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

A$0.5148 A$0.1050 Fair Value A$0.1500 May 2021 Aug 2026

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

How to read this chart

60‑month range A$0.1050 – A$0.5148 · fair‑value band A$0.1100 – A$0.1900 · the A$0.1200 price screens below the A$0.1500 fair value. Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Earlypay Limited (EPY) currently trades at A$0.1200, while our model-based Fair Value estimate is A$0.1500, implying the stock looks roughly 25.0% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Earlypay Limited generated revenue of A$50.7M at a net margin of 3.1%. Revenue declined 1.0% year over year. It earns a return on equity of 2.2%. Net debt stands at A$199M. Fundamentals as of Jul 13, 2026

Our scenario range runs from A$0.1100 (bear case) to A$0.1900 (bull case); at A$0.1200, 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. The share trades about 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 25%, EPY 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 A$0.0400 A$0.1200 A$0.2200 80
Residual Income A$0.2000 A$0.1900 A$0.1500 76
Rev-Margin DCF A$0.0300 A$0.1700 A$0.3200 74
All 13 models by family
DCF Models
Owner Earnings A$0.0800 31
5Y P/E Exit A$0.0500 38
10Y P/E Exit A$0.0300 A$0.0900 35
Earnings-Based
Graham-Dodd A$0.0800 A$0.2100 A$0.2800 54
Lynch FV A$0.0400 A$0.0600 A$0.0800 50
Dividend Discount
Gordon GGM A$0.0200 A$0.0400 A$0.0500 70
DDM Multi-Stage A$0.0200 A$0.0300 A$0.0400 61
Multiples
P/E Multiple A$0.1100 A$0.1500 A$0.1900 63
P/B Multiple A$0.1500 A$0.2000 A$0.2500 55
Asset-Based
NCAV (Graham) A$0.1500 A$0.2000 A$0.3000 50
Growth DCF
Growth DCF A$0.0400 A$0.1200 A$0.2200 80
Rev-Margin DCF A$0.0300 A$0.1700 A$0.3200 74
Economic Profit
Residual Income A$0.2000 A$0.1900 A$0.1500 76

Widest divergence: Asset-Based (A$0.2000) versus DCF Models (A$0.0300). Highest evidence: Growth DCF (80).

Notify me when EPY reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) A$50.7M
Revenue growth (YoY) -1.0%
Net margin 3.1%
Return on equity 2.2%
Free cash flow A$8.8M FY2025
P/E ratio 13.0
More key figures
Operating margin 31.2%
EPS (TTM) A$0.0100
Dividend yield 5.4%
EPS growth (YoY) +406%
Net debt A$199M FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 54 · Market factors (momentum, volatility) 27

Profitability 20
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 97
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

Earlypay Limited engages in the provision of financial solutions to businesses in Australia. It offers invoice finance, such as debtor and trade finance; invoice factoring and discounting, and clean energy finance services, as well as business line of credit.

Full company description

Earlypay Limited engages in the provision of financial solutions to businesses in Australia. It offers invoice finance, such as debtor and trade finance; invoice factoring and discounting, and clean energy finance services, as well as business line of credit. The company also provides equipment finance services for old and new equipment, such as sale back of owned or partially owned equipment, private sales, and mid-term refinancing. In addition, it offers payroll and trade finance services, and asset finance. Additionally, it offers supplier early payment platform solutions and ATO tax debt services. The company was formerly known as CML Group Limited and changed its name to Earlypay Limited in November 2020. Earlypay Limited was incorporated in 2001 and is based in North Sydney, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Earlypay Limited reported revenue of A$50.9M in FY2025 versus A$42.5M in FY2021, a compound +4.6%/yr. Reported net income was A$2.9M in FY2025, compounding −20.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$50.9M
Latest YoY
−6.7%
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.
+25.2%
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.
+1.7%
Avg. growth/yr (15Y) 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.
+7.5%
Revenue +4.6%/yr
FY21 A$42.5M
FY22 A$26.0M
FY23 A$60.5M
FY24 A$54.6M
FY25 A$50.9M
Net income −20.7%/yr
FY21 A$7.2M
FY22 A$13.2M
FY23 −A$7.7M
FY24 A$2.4M
FY25 A$2.9M
Character of growth · EPS growth decomposed (2014-2025) +8.5 % p.a.
Revenue per share −18.0 pp

of which total revenue −7.4 pp · buybacks/dilution −10.6 pp

EBIT margin +35.2 pp
Tax rate −0.6 pp
Residual (interest, one-offs) −8.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch EPY: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Earlypay Limited Fair Value". https://www.fairvalue-calculator.com/stock/EPY

Peer Group

Credit Services · 331 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 58 · Above median
Fair Value upside +25% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 4% · Above median
Net margin (TTM) 3% · Bottom 25%
Operating margin (TTM) 31% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 5.6% · Top 25%
Debt / equity 1.34× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 12.5× · Pricier than median
P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 0.43× · Cheaper than 75% of peers
P/FCF 2.5× · Pricier than median
EV/EBITDA 4.2× · 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 67 · sector 37
FUTURE 0 · sector 39
PAST 9 · sector 32
HEALTH 33 · sector 58
DIVIDEND 100 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

Compare Earlypay Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Earlypay Limited (EPY) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of A$0.1500 versus a price of A$0.1200, about +25% (undervalued).
What is the fair value of EPY?
Our model-based fair value for Earlypay Limited is A$0.1500 (as of Jul 13, 2026), built from audited fundamentals. The current price is A$0.1200.
What is the quality score of EPY?
Earlypay Limited has a Quality Score of 58/100. 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 Earlypay Limited (EPY)?
Earlypay Limited reported trailing-twelve-month revenue of about A$50.7M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of EPY?
The net profit margin of Earlypay Limited is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Earlypay Limited pay a dividend?
Earlypay Limited currently shows a dividend yield of about 5.38% relative to its recent price (as of Jul 13, 2026).

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.

14 days Pro free · no card

Track Earlypay Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.