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Tyro Payments Limited (TYR) Fair Value & Analysis

Technology · AU · Market cap A$425M

TP Tyro Payments Limited TYR · AU
PriceA$0.8750
Fair ValueA$0.6400
Upside-26.9%
Quality60/100
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Mixed Growth
Thin margins · 5.2% net margin
generates free cash flow
Ranks above peers (11/12)
Narrow moat 43/100
Evidence: High Range A$0.5000 – A$0.7200 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 16, 2026, revised from A$0.6700 to A$0.6400 (−4.5%) since Jun 24, 2026. Share price +5.4% over the past month.

A solid business, but screening 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.7200). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$4.28 A$0.6000 Fair Value A$0.6400 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range A$0.6000 – A$4.28 · fair‑value band A$0.5000 – A$0.7200 · the A$0.8750 price screens above the A$0.6400 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Tyro Payments Limited (TYR) currently trades at A$0.8750, while our model-based Fair Value estimate is A$0.6400, implying the stock looks roughly 26.9% overvalued today. The Quality Score stands at 60/100 (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, Tyro Payments Limited generated revenue of A$489M at a net margin of 5.2%. Revenue grew 1.2% year over year. It earns a return on equity of 10.9%. The balance sheet holds a net cash position of A$161M. Fundamentals as of Jul 16, 2026

Our scenario range runs from A$0.5000 (bear case) to A$0.7200 (bull case); at A$0.8750, 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 32% below its 52-week high and 32% 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 -27%, TYR 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$3.05 A$5.21 A$8.20 72
Growth-Adj P/E A$0.5400 A$0.7700 A$1.01 68
Rev-Margin DCF A$1.44 A$1.84 A$2.39 67
All 24 models by family
DCF Models
FCF DCF A$3.14 A$5.11 A$9.59 38
Owner Earnings A$1.49 A$2.48 A$4.15 31
5Y Revenue Exit A$1.44 A$1.80 A$2.21 39
5Y EBITDA Exit A$1.94 A$2.92 A$4.14 41
5Y P/E Exit A$1.64 A$2.24 A$2.91 38
10Y Revenue Exit A$2.03 A$2.63 A$3.42 36
10Y EBITDA Exit A$2.35 A$3.41 A$5.01 37
10Y P/E Exit A$2.16 A$2.93 A$4.00 35
Earnings-Based
Graham-Dodd A$0.2300 A$1.33 A$1.85 54
Lynch FV A$0.3800 A$0.5400 A$0.7000 50
PEG = 1.0 A$0.3800 A$0.5400 A$0.7000 46
EPV A$0.4900 A$0.5100 A$0.5200 59
Multiples
P/E Multiple A$0.5000 A$0.6700 A$0.8400 63
P/S Multiple A$0.4300 A$0.5700 A$0.7100 58
P/B Multiple A$0.4300 A$0.5700 A$0.7100 55
EV/EBIT A$0.6100 A$0.6900 A$0.7700 53
EV/EBITDA A$1.37 A$1.70 A$2.04 54
EV/Revenue A$0.5300 A$0.6000 A$0.6700 43
Asset-Based
NCAV (Graham) A$0.2100 A$0.2900 A$0.4300 50
Growth DCF
Growth DCF A$3.05 A$5.21 A$8.20 72
Rev-Margin DCF A$1.44 A$1.84 A$2.39 67
Economic Profit
Residual Income A$0.3300 A$0.3500 A$0.3600 61
ROIC Compounder A$0.5100 A$0.5600 A$0.6200 67
Growth Earnings
Growth-Adj P/E A$0.5400 A$0.7700 A$1.01 68

Widest divergence: DCF Models (A$2.63) versus Asset-Based (A$0.2900). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) A$489M
Revenue growth (YoY) +1.2%
Net margin 5.2%
Return on equity 10.9%
Free cash flow A$127M FY2025
P/E ratio 16.0
More key figures
Operating margin 7.6%
EPS (TTM) A$0.0500
EPS growth (YoY) +70.7%
Net cash A$161M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 34

Profitability 46
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 74
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

Tyro Payments Limited provides integrated payment solutions and value-add services in Australia. It operates through two segments, Payments and Banking. The company offers card present, card-not-present, and in-app payments; acquires and processes electronic payment transactions from merchants; leases terminals; and sells terminal accessories.

Full company description

Tyro Payments Limited provides integrated payment solutions and value-add services in Australia. It operates through two segments, Payments and Banking. The company offers card present, card-not-present, and in-app payments; acquires and processes electronic payment transactions from merchants; leases terminals; and sells terminal accessories. It also provides merchant cash advances/business loans, transaction banking accounts, and term deposit accounts. In addition, the company offers electronic funds transfer at point-of-sale (EFTPOS) machine solutions. It serves the retail, hospitality, health, trades and services, hotel and accommodation, corporate, and not-for-profit industries. The company was formerly known as MoneySwitch Limited and changed its name to Tyro Payments Limited in October 2010. Tyro Payments Limited was incorporated in 2003 and is headquartered in Sydney, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tyro Payments Limited reported revenue of A$473M in FY2025 versus A$233M in FY2021, a compound +19.4%/yr. Reported net income was A$17.8M in FY2025.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$473M
Latest YoY
−5.0%
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.
+13.3%
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.
+17.3%
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.
+19.5%
Revenue +19.4%/yr
FY21 A$233M
FY22 A$326M
FY23 A$437M
FY24 A$498M
FY25 A$473M
Net income
FY21 −A$29.8M
FY22 −A$29.6M
FY23 A$6.0M
FY24 A$25.7M
FY25 A$17.8M

TYR screens 27% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Tyro Payments Limited Fair Value". https://www.fairvalue-calculator.com/stock/TYR

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 60 · Above median
Fair Value upside −27% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 1% · Below median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 16.0× · Cheaper than median
P/B 1.32× · Cheaper than median
P/S (TTM) 0.61× · Cheaper than 75% of peers
P/FCF 2.4× · Cheaper than median
EV/EBITDA 2.0× · 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 0 · sector 0
FUTURE 6 · sector 46
PAST 44 · sector 15
HEALTH 0 · 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 16, 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 Tyro Payments Limited (TYR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of A$0.6400 versus a price of A$0.8750, about −27% (overvalued).
What is the fair value of TYR?
Our model-based fair value for Tyro Payments Limited is A$0.6400 (as of Jul 16, 2026), built from audited fundamentals. The current price is A$0.8750.
What is the quality score of TYR?
Tyro Payments Limited has a Quality Score of 60/100. 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 Tyro Payments Limited (TYR)?
Tyro Payments Limited reported trailing-twelve-month revenue of about A$489M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of TYR?
The net profit margin of Tyro Payments Limited is about 5.2%, meaning it keeps roughly 5.2% 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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