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EarlyPay Limited (AU:EPY)
ASX:EPY
Australian Market
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EarlyPay Limited (EPY) AI Stock Analysis

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AU:EPY

EarlyPay Limited

(Sydney:EPY)

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Neutral 54 (OpenAI - Gpt-5.6Sol)
Rating:54Neutral
Price Target:
AU$0.14
â–²(2.14% Upside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by balance-sheet risk (high leverage with debt increasing) and uneven earnings quality, partially offset by consistently positive free cash flow. Technicals are supportive with price above major moving averages, but the very high RSI indicates the move may be overheated. Valuation is mixed: an attractive dividend yield helps, while the P/E appears less compelling given earnings volatility.
Positive Factors
Consistent Free Cash Flow
Consistent operating and free cash generation provides internal funding for operations and demonstrates resilience through a loss year. Although cash flow is modest relative to debt, its persistence supports liquidity and ongoing business capacity.
Negative Factors
High and Rising Leverage
High and increasing leverage reduces financial flexibility and leaves less capacity to absorb credit losses or funding-cost increases. It may also constrain growth if additional borrowing becomes more expensive or less available.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Free Cash Flow
Consistent operating and free cash generation provides internal funding for operations and demonstrates resilience through a loss year. Although cash flow is modest relative to debt, its persistence supports liquidity and ongoing business capacity.
Read all positive factors

EarlyPay Limited (EPY) vs. iShares MSCI Australia ETF (EWA)

EarlyPay Limited Business Overview & Revenue Model

Company Description
Earlypay Limited, established in 2001 and headquartered in North Sydney, Australia, delivers a comprehensive suite of financial solutions to businesses across the country. Its operations are structured across three key divisions: Invoice Finance, ...
How the Company Makes Money
EarlyPay makes money primarily by earning income from providing receivables finance and related working-capital facilities. Revenue is generally generated through (1) finance income/interest charged on funds advanced against customer invoices or r...

EarlyPay Limited Financial Statement Overview

Summary
Cash flow is consistently positive (a key support), but overall financial quality is constrained by high and rising leverage (debt-to-equity consistently above ~3x and debt up in 2026) alongside volatile net income (loss in 2023 and notably weak earnings in 2026).
Income Statement
55
Neutral
Balance Sheet
38
Negative
Cash Flow
63
Positive
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue52.80M50.93M54.56M60.54M25.95M
Gross Profit31.01M30.08M40.62M41.48M6.28M
EBITDA20.21M24.32M25.66M10.47M27.32M
Net Income446.00K2.87M2.45M-7.74M13.22M
Balance Sheet
Total Assets364.82M314.61M314.04M360.30M492.83M
Cash, Cash Equivalents and Short-Term Investments34.94M37.56M40.13M52.99M52.71M
Total Debt293.00M236.32M236.72M280.36M293.97M
Total Liabilities296.91M240.56M241.43M286.81M407.74M
Stockholders Equity67.91M74.05M72.61M73.48M85.09M
Cash Flow
Free Cash Flow7.50M8.79M8.24M8.30M11.95M
Operating Cash Flow7.56M9.12M9.33M9.21M12.68M
Investing Cash Flow-58.73M-9.73M24.39M11.72M-84.23M
Financing Cash Flow49.00M-1.96M-46.58M-20.65M79.49M

EarlyPay Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.14
Price Trends
50DMA
0.12
Positive
100DMA
0.13
Positive
200DMA
0.15
Negative
Market Momentum
MACD
<0.01
Negative
RSI
69.85
Neutral
STOCH
57.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EPY, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.12, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.85 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EPY.

EarlyPay Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
AU$973.36M9.2311.68%4.61%7.39%12.13%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
AU$301.17M10.408.80%8.70%-6.45%-0.06%
60
Neutral
AU$876.30M8.1312.29%13.22%-0.65%8.02%
54
Neutral
AU$35.60M72.500.65%1.24%4.11%-83.81%
54
Neutral
AU$217.09M13.612.93%4.65%-4.83%-55.49%
54
Neutral
AU$125.96M4.5730.04%8.43%16.06%238.05%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EPY
EarlyPay Limited
0.15
-0.06
-27.50%
AU:SVR
Money3 Corporation Limited
1.61
0.14
9.15%
AU:CCP
Credit Corp Group Limited
14.30
-1.32
-8.43%
AU:HUM
Humm Group Limited
0.43
-0.19
-30.98%
AU:PNC
Pioneer Credit Ltd
0.66
0.07
11.86%
AU:PPM
Pepper Money Ltd
1.95
-0.20
-9.13%

EarlyPay Limited Corporate Events

Earlypay builds stronger SME lending base as FY26 earnings reset for FY27 growth
Aug 27, 2026
Earlypay Limited reported fiscal 2026 net revenue of $36.0 million, up seven per cent, with underlying NPAT of $3.7 million, as funds in use rose 23 per cent to $307.8 million, the highest level in more than three years. Despite higher credit cost...
Earlypay revenue edges higher but profit slumps on one-off costs
Aug 27, 2026
Earlypay Ltd reported a modest 3.8% rise in revenue to $52.9 million for the year to 30 June 2026, but statutory net profit after tax plunged 84.4% to $0.45 million as non-cash and one-off costs weighed on earnings. Underlying NPAT, which manageme...
Earlypay Invites Investors to FY26 Results Webinar
Aug 20, 2026
Earlypay Limited has invited investors to join a webinar and QA on 27 August 2026 to discuss its FY26 financial results, with senior management presenting and taking questions. The event underscores the company&#8217;s engagement with shareholders...
Earlypay Director James Beeson Updates Equity Holdings After Performance Rights Lapse
Aug 13, 2026
Earlypay Limited has disclosed a change in the interests of director James Beeson, detailing adjustments to his direct and indirect holdings in company securities. The update notes the lapse of 406,667 performance rights after vesting conditions w...
EarlyPay Rights Lapse Trims Potential Issued Capital
Aug 13, 2026
EarlyPay Ltd has reported the cessation of 1,557,999 EPYAB rights following the lapse of conditional rights to securities. The rights expired on 11 August 2026 because the conditions attached to them were not satisfied or could no longer be met, r...
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.Date of analysis: Aug 28, 2026