Tyro Payments Ltd (TYR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tyro Payments Ltd A$0.92, price A$0.69, upside +34.3%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range A$0.6000 – A$4.28 · fair‑value band A$0.6400 – A$1.19 · the A$0.6850 price screens below the A$0.9200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Tyro Payments Ltd (TYR) currently trades at A$0.6850, while our model-based Fair Value estimate is A$0.9200, implying the stock looks roughly 25.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$2.53 per share, and 15 of the 24 models we run sit above the A$0.6850 price.
Bear case: the Asset-Based group reads lowest at A$0.2900, and 9 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.6400 (bear) to A$1.19 (bull), the price of A$0.6850 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 60/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tyro Payments Ltd 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.
Key figures
Market cap A$425M (≈ $299M) · P/E ratio 13.7 · P/S ratio 0.52 · EPS (TTM) A$0.0500 · Net margin 3.8% · Return on equity 10.9% · Return on assets (EBIT) 2.3% · Operating margin 7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 34%, TYR screens cheaper than that median.
Fair Value models
Bear A$0.6400Fair Value A$0.9200Bull A$1.19
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0500 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.Evidence ⓘEvidence = 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.
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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.0%
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.
+13.3%
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.
+17.3%
Start year 2020 (pandemic)
Revenue growth 9 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.
+19.5%
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’19
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What shareholders gained per year (last 3 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 3 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.
+43.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+43.3%
Dividend (yield on the price)0.0%
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.−12% → 2%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−36.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −38.2% a year for the price and +0.7% for the forecasts.
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.Software - Infrastructure · 383 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+35% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets4% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth1% · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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Is Tyro Payments Ltd (TYR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$0.9200 versus a price of A$0.6850, about +34% upside (undervalued).
What is the fair value of TYR?
Our model-based fair value for Tyro Payments Ltd is A$0.9200 (as of Sep 24, 2026), built from audited fundamentals. The current price: A$0.6850.
What is the quality score of TYR?
Tyro Payments Ltd 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 price target for Tyro Payments Ltd (TYR)?
Our model-based price target is the fair value of A$0.9200 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario A$0.6400, optimistic scenario A$1.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Tyro Payments Ltd stock forecast for 2026?
Our models put fair value at A$0.9200, about +34% upside versus a price of A$0.6850 (undervalued). Cautious scenario A$0.6400, optimistic scenario A$1.19. The calculation is refreshed regularly with new filings.
What is the revenue of Tyro Payments Ltd (TYR)?
Tyro Payments Ltd reported trailing-twelve-month revenue of about A$489M (latest available figure, as of Sep 24, 2026).
What growth is priced into Tyro Payments Ltd (TYR)?
For today's price to be fair in a discounted-cash-flow model, Tyro Payments Ltd would have to grow free cash flow by -36.4 % per year for five years (discount rate 14.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TYR use?
Our models discount Tyro Payments Ltd at 14.3 %: a base by market capitalisation (micro), damped by beta 1.57, country premium for Australia. 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 Tyro Payments Ltd that is -36.4 % per year a year over ten years, using the same discount rate (14.3 %) and the same formula as our fair value.
How much growth has Tyro Payments Ltd (TYR) delivered so far?
Over the past 5 years revenue at Tyro Payments Ltd grew +17.3 % a year. The price currently implies -36.4 % per year free-cash-flow growth a 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 Tyro Payments Ltd (TYR) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Tyro Payments Ltd (-36.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tyro Payments Ltd (TYR)?
The free-cash-flow yield on the price is 34.42 %: that much free cash flow Tyro Payments Ltd produces per unit of market value. When it exceeds the discount rate of our models (14.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tyro Payments Ltd (TYR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tyro Payments Ltd it is A$0.9200 per share (as of Sep 24, 2026), against a price of A$0.6850. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Tyro Payments Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TYR trades below its calculated fair value: price A$0.6850, fair value A$0.9200, a gap of about +34% (undervalued). 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 TYR?
No. The price is what the market pays today (A$0.6850); the fair value is what the company's own numbers justify (A$0.9200). For Tyro Payments Ltd the two are A$0.2350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tyro Payments Ltd worth?
The market values Tyro Payments Ltd at about A$425M (market capitalisation, as of Sep 24, 2026). Per share that is A$0.6850; our models calculate a fair value of A$0.9200 per share.
What do the bullish and bearish scenarios say about TYR?
Our models span a range for Tyro Payments Ltd: cautious scenario A$0.6400, base A$0.9200, optimistic A$1.19 per share (as of Sep 24, 2026, price A$0.6850). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TYR?
Tyro Payments Ltd trades at a price-to-earnings ratio of 13.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.9200 is built from several models across several years. Other multiples: P/B 1.3, P/S 0.6, EV/EBITDA 1.9.
How solid is the balance sheet of Tyro Payments Ltd (TYR)?
Balance-sheet figures for Tyro Payments Ltd (as of Sep 24, 2026): return on equity 10.9%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is TYR from its 52-week high?
Tyro Payments Ltd trades at A$0.6850, about 42% below its 52-week high of A$1.18 and 1% above the low of A$0.6800 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.9200 is for.
Which stocks are comparable to Tyro Payments Ltd?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 Tyro Payments Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$0.6850, calculated fair value A$0.9200 (+34%), Quality Score 60/100, from 24 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 TYR calculated?
We run Tyro Payments Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.9200, 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 13.0 % above its aggregate fair value. Tyro Payments Ltd currently trades 34 % 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 Tyro Payments Ltd (TYR)?
The closing price on Sep 24, 2026 was A$0.6850. Our model-based fair value is A$0.9200, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tyro Payments Ltd right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (A$0.6400 to A$1.19) leaves room in how you read the outcome.
Key figures of Tyro Payments Ltd
How large is the market capitalisation of Tyro Payments Ltd (TYR)?
The market capitalisation of Tyro Payments Ltd is A$425M (≈ $299M). 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 Tyro Payments Ltd (TYR)?
The price-to-sales ratio of Tyro Payments Ltd is 0.52 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tyro Payments Ltd (TYR)?
Earnings per share at Tyro Payments Ltd are A$0.0500 (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tyro Payments Ltd (TYR)?
The net margin of Tyro Payments Ltd is 3.8% (fiscal year 2025). 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 Tyro Payments Ltd (TYR)?
The return on equity (ROE) of Tyro Payments Ltd is 10.9% (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 Tyro Payments Ltd (TYR)?
On an EBIT basis the return on assets of Tyro Payments Ltd is 2.3% (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 Tyro Payments Ltd (TYR)?
The operating margin of Tyro Payments Ltd is 7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tyro Payments Ltd (TYR)?
Revenue at Tyro Payments Ltd is growing +1.2% versus a year earlier (3y avg +13.3%). 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 Tyro Payments Ltd (TYR)?
Earnings per share at Tyro Payments Ltd are growing +70.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tyro Payments Ltd (TYR) hold?
Tyro Payments Ltd holds more cash than debt, A$161M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 24, 2026