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Beforepay Group Limited
(Sydney:B4P)
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Rating:58Neutral
Price Target:
AU$1.50
▲(2.74% Upside)
Action:Reiterated
Date:09/16/26
The score is anchored by improved profitability and revenue growth, but is held back by weak and volatile cash conversion (negative operating/free cash flow in 2026) and only mixed technical signals (RSI below 50 and price below the 200-day average). A low P/E provides valuation support but does not fully offset the cash flow risk.
Positive Factors
Profitability turnaround
The shift from losses in 2021–2023 to sustained operating profit and net income in 2024–2026 indicates a materially stronger earnings base. Recent margins provide capacity to fund operations and reinvestment, supporting the durability of the business model if profitability holds.
Negative Factors
Weak cash conversion
The reversal from positive to negative operating and free cash flow shows that reported profitability is not consistently converting into internally generated cash. If this persists, Beforepay may need more balance-sheet funding, reducing flexibility for growth and increasing financial execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from losses in 2021–2023 to sustained operating profit and net income in 2024–2026 indicates a materially stronger earnings base. Recent margins provide capacity to fund operations and reinvestment, supporting the durability of the business model if profitability holds.
Read all positive factors
Beforepay Group Limited (B4P) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$66.24M
Dividend YieldN/A
Average Volume (3M)20.80K
Price to Earnings (P/E)7.8
Beta (1Y)0.06
Revenue Growth26.00%
EPS Growth18.73%
CountryAU
Employees50
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.17
Shares Outstanding50,956,455
10 Day Avg. Volume12,788
30 Day Avg. Volume20,803
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)0.4
Revenue Forecast (FY)AU$79.50M
Beforepay Group Limited Business Overview & Revenue Model
Company Description
Beforepay Group Limited provides finance to its customers by way of pay on demand advances. It offers Beforepay access to credit designed to help manage short term cash flow challenges through our pay advance and personal loan products. The compan...
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
Negative
1.46
Price Trends
1.63
Negative
1.49
Negative
1.53
Negative
Market Momentum
-0.08
Positive
27.80
Positive
24.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:B4P, the sentiment is Negative. The current price of 1.46 is below the 20-day moving average (MA) of 1.47, below the 50-day MA of 1.63, and below the 200-day MA of 1.53, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 27.80 is Positive, neither overbought nor oversold. The STOCH value of 24.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$65.35B | 134.14 | 1.61% | ― | 0.28% | -87.63% | |
64 Neutral | AU$30.42M | 0.80 | 265.43% | 107.59% | -24.21% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$66.24M | 7.80 | 17.63% | ― | 26.00% | 18.73% | |
56 Neutral | AU$375.87M | 17.36 | 8.60% | ― | 0.78% | 19.76% | |
41 Neutral | AU$40.49M | -0.40 | -165.91% | 311.00% | 35.91% | -299.12% |
* Technology Sector Average
AU:B4P
Beforepay Group Limited
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Beforepay Group Limited Corporate Events
Beforepay to release Q1 FY27 update and host investor webinar
Oct 19, 2026
Beforepay Group Limited will release its Q1 FY27 quarterly activities report and Appendix 4C cash flow statement to the market on 26 October 2026, ahead of trading. The update comes as the company continues to focus on short-term consumer lending ...
Beforepay trims outstanding options and performance rights after conditions lapse
Oct 14, 2026
Beforepay Group Limited has notified the market of the cessation of several equity-linked securities, including options and performance rights, following the lapse of conditional rights that could not be satisfied. The announcement, covering expir...
Beforepay Seeks ASX Quotation for New Ordinary Shares
Sep 30, 2026
Beforepay Group Limited has applied for quotation of 954,773 new ordinary fully paid shares on the ASX, scheduled for issue on September 30, 2026. The move modestly increases the company’s free float and capital base, potentially supporting ...
Beforepay Seeks ASX Quotation for New Ordinary Shares
Aug 31, 2026
Beforepay Group Limited has applied for quotation of 204,800 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of August 31, 2026. The new securities arise from the exercise of options or conversion of other inst...
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...
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.