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Beforepay Group Limited
(Sydney:B4P)
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Rating:65Neutral
Price Target:
AU$2.00
▲(36.99% Upside)
Action:Reiterated
Date:08/26/26
The score is driven primarily by improving profitability and revenue growth, but it is held back by weak and inconsistent cash conversion (negative operating and free cash flow in 2026). Technicals are supportive with a strong uptrend, though momentum indicators are stretched, while valuation appears reasonable on P/E but lacks dividend support.
Positive Factors
Sustained profitability turnaround
The shift to sustained operating and net profitability indicates improved business economics and execution. If maintained, positive earnings provide internal funding capacity and greater resilience than the company had during its earlier loss-making period.
Negative Factors
Weak and inconsistent cash conversion
Negative operating and free cash flow despite reported profits raises questions about earnings quality and working-capital demands. If this persists, the company may need additional funding to support growth, limiting financial flexibility and increasing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability turnaround
The shift to sustained operating and net profitability indicates improved business economics and execution. If maintained, positive earnings provide internal funding capacity and greater resilience than the company had during its earlier loss-making period.
Read all positive factors
Beforepay Group Limited (B4P) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$100.09M
Dividend YieldN/A
Average Volume (3M)148.47K
Price to Earnings (P/E)11.8
Beta (1Y)-0.12
Revenue Growth26.00%
EPS Growth18.73%
CountryAU
Employees43
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.17
Shares Outstanding49,796,883
10 Day Avg. Volume124,067
30 Day Avg. Volume148,471
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)1.28
Price to Sales (P/S)1.24
P/FCF Ratio-7.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.90Price Target Upside98.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.39
Revenue Forecast (FY)AU$73.07M
Beforepay Group Limited Business Overview & Revenue Model
Company Description
Established in 2019, Beforepay Group Limited is an Australian firm headquartered in Sydney that offers on-demand financial services. The company enables individuals to access early wages through pay advances, all conveniently managed via its mobil...
How the Company Makes Money
Beforepay makes money primarily through fees associated with its earned wage access (EWA) product, where customers pay a fee to access wages they have already accrued prior to payday. In addition to EWA fees, the group generates revenue from payro...
Beforepay Group Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.61M | 40.17M | 35.31M | 30.71M | 15.28M |
| Gross Profit | 34.26M | 38.62M | 33.73M | 17.47M | 13.41M |
| EBITDA | 13.87M | 11.30M | 8.79M | -4.28M | -27.17M |
| Net Income | 8.23M | 6.74M | 3.86M | -6.64M | -29.14M |
Balance Sheet | |||||
| Total Assets | 90.12M | 75.62M | 73.49M | 65.17M | 57.89M |
| Cash, Cash Equivalents and Short-Term Investments | 7.41M | 14.01M | 19.23M | 21.78M | 28.37M |
| Total Debt | 36.88M | 31.91M | 38.00M | 33.69M | 21.37M |
| Total Liabilities | 41.19M | 36.29M | 42.96M | 38.35M | 25.27M |
| Stockholders Equity | 48.94M | 39.33M | 30.53M | 26.83M | 32.63M |
Cash Flow | |||||
| Free Cash Flow | -7.96M | 1.34M | -5.20M | -18.55M | -36.34M |
| Operating Cash Flow | -7.91M | 4.86M | -4.04M | -18.53M | -36.20M |
| Investing Cash Flow | -3.73M | -3.52M | -1.16M | -16.71K | -141.39K |
| Financing Cash Flow | 5.04M | -6.56M | 2.65M | 11.96M | 54.70M |
Beforepay Group Limited Technical Analysis
Positive
1.46
Price Trends
1.45
Positive
1.42
Positive
1.72
Positive
Market Momentum
0.14
Negative
73.19
Negative
89.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:B4P, the sentiment is Positive. The current price of 1.46 is below the 20-day moving average (MA) of 1.65, above the 50-day MA of 1.45, and below the 200-day MA of 1.72, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 73.19 is Negative, neither overbought nor oversold. The STOCH value of 89.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:B4P.
Beforepay Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$71.14B | 146.61 | 1.62% | ― | 0.28% | -87.63% | |
65 Neutral | AU$100.09M | 11.82 | 19.44% | ― | 26.00% | 18.73% | |
64 Neutral | AU$32.35M | 0.85 | 265.43% | ― | -24.21% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | AU$407.33M | 18.47 | 10.65% | ― | 0.78% | 19.76% | |
41 Neutral | AU$40.49M | -0.49 | -131.32% | ― | 35.91% | -299.12% |
* Technology Sector Average
AU:B4P
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Beforepay Group Limited Corporate Events
Beforepay Flags FY26 Results and Underscores Social Responsibility
Aug 24, 2026
Beforepay Group Limited has released its FY26 annual results, highlighting leadership by CEO Jamie Twiss and CFO Laavanya Pari in steering the business through the latest financial year. While detailed financial metrics are not included in the rel...
Beforepay posts record profit as personal loans and interest-bearing advances fuel growth
Aug 24, 2026
Beforepay Group Limited reported a record FY26 Cash NPAT of $15.7 million, a 57% increase on the prior year, as revenue rose 26% to $50.6 million on the back of higher pay advance volumes and rapid scaling of personal loans. Total advances climbed...
Beforepay Tightens Governance and Sets 2026 Gender Diversity Targets
Aug 24, 2026
Beforepay Group Limited has detailed its compliance with the ASX Corporate Governance Council’s Principles and Recommendations, underscoring a robust governance framework built around a formal board charter, clear role delineation, and struc...
Beforepay lifts profit and revenue but holds dividend line
Aug 24, 2026
Beforepay Group Limited reported a strong financial performance for the year ended 30 June 2026, with revenue from ordinary activities rising 26.0% to $50.6 million. Net profit after tax attributable to shareholders increased 22.1% to $8.23 millio...
Beforepay to Unveil FY26 Results and Host Investor Webinar
Aug 18, 2026
Beforepay Group Limited, a Sydney-based fintech founded in 2019, focuses on providing working Australians with ethical, customer-friendly short-term lending solutions, including small pay advances and personal loans. Its enterprise arm, Carrington...
Beforepay Options Expire, Slightly Streamlining Capital Structure
Aug 5, 2026
Beforepay Group Limited has notified the market of the cessation of 20,000 options, previously listed under ASX code B4PAJ and expiring on August 1, 2026, following their expiry without exercise or conversion. The update reflects a minor adjustmen...
Beforepay posts record margins, completes pricing shift and secures cheaper $100m funding
Jul 29, 2026
Beforepay Group Limited reported a strong fourth quarter for FY26, with revenue up 43% year-on-year to $14.8 million and a record net transaction margin of $9.2 million. Net profit before tax rose to $2.4 million, while net profit after tax reache...
Beforepay Secures $100m Facility to Boost Loan Growth and Cut Funding Costs
Jul 28, 2026
Beforepay Group Limited has secured a new senior secured asset-backed revolving credit facility with Balmain, lifting its funding capacity by 82% from $55 million to up to $100 million and materially reducing borrowing costs. The three-year facili...
Beforepay schedules Q4 FY26 update and investor webinar
Jul 22, 2026
Beforepay Group Limited will release its Q4 FY26 Quarterly Activities and Cash Flow Report before the market opens on 30 July 2026, and will host an investor webinar the same morning. Chief Executive Officer Jamie Twiss and Chief Financial Officer...
Beforepay Reports Lapse of Conditional Options in Capital Update
Jul 10, 2026
Beforepay Group Limited, listed on the ASX under the code B4P, operates in the financial services and technology sector, offering consumer-focused payment and cash flow solutions. The company’s securities structure includes various option cl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.