Hipay Group SA (ALHYP) AI Stock Analysis

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Hipay Group SA

(Paris:ALHYP)

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Rating:51Neutral

Price Target:EUR 4.00▼(-0.50% Downside)

Action:reiterated

Date:09/29/26

The overall score of 51 reflects a company with a stable financial foundation but significant near-term headwinds. The primary positive is an attractive valuation (P/E of 6.39) supported by a strengthened balance sheet. However, this is heavily offset by extremely weak technical momentum, with the stock in a clear downtrend and deeply oversold. Financial performance is a drag due to stalled revenue growth, margin compression, and negative free cash flow, creating a cautious overall profile.

Positive Factors

Profitability recoveryThe shift from losses to positive operating profit and solid net margins across 2023–2025 indicates a materially healthier earnings base. If maintained, this improvement can support reinvestment, strengthen resilience, and provide a more durable foundation for future growth.

Negative Factors

Sharp revenue contractionThe abrupt reversal from strong growth through 2024 to a sharp revenue contraction in 2025 raises concern about demand stability and merchant payment volumes. Continued weakness would limit operating leverage, reduce investment capacity, and make the recent profitability gains harder to sustain.

Hipay Group SA (ALHYP) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 25.38M
Dividend Yield: ―
Average Volume (3M): 2,628
Price to Earnings (P/E): 6.1
Beta (1Y): 0.95
Revenue Growth: -2.18%
EPS Growth: 203.11%
Country: France
Employees: 243
Sector: Technology
Sector Strength: 61
Industry: Software - Infrastructure

Hipay Group SA Business Overview & Revenue Model

Company Description

HiPay Group S.A. manages an extensive global platform, providing a variety of payment solutions. Its product portfolio features "Professional," an online payment tool tailored for startups and small to medium-sized businesses, and "Enterprise," a sop...

How the Company Makes Money

HiPay Group SA primarily generates revenue by charging merchants for payment processing and related services. Key revenue streams typically include: (1) transaction-based fees (a per-transaction and/or percentage-based fee charged when a customer pay...

Hipay Group SA Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is solid with improved leverage and equity growth (Score: 65), but the income statement shows stalled revenue and compressed margins (Score: 45), and cash flow turned negative due to high capex (Score: 50). The overall profile indicates moderate health with notable growth and efficiency concerns.

Income Statement

45Neutral

Balance Sheet

65Positive

Cash Flow

50Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	73.98M	74.78M	74.30M	65.48M	58.93M	53.94M
Gross Profit	13.74M	17.17M	17.46M	17.62M	28.79M	24.01M
EBITDA	5.78M	6.78M	24.21M	9.27M	-1.58M	495.00K
Net Income	4.18M	5.89M	5.83M	2.17M	-7.78M	-4.35M
Balance Sheet
Total Assets	234.25M	225.81M	196.56M	189.89M	173.03M	151.95M
Cash, Cash Equivalents and Short-Term Investments	10.22M	16.03M	12.09M	895.00K	1.63M	2.12M
Total Debt	31.79M	31.57M	31.41M	23.82M	25.38M	21.41M
Total Liabilities	192.20M	182.54M	166.29M	165.56M	150.61M	122.05M
Stockholders Equity	42.05M	43.27M	30.27M	24.34M	22.42M	29.91M
Cash Flow
Free Cash Flow	-2.16M	-283.00K	4.61M	2.77M	-2.87M	1.93M
Operating Cash Flow	7.69M	6.21M	7.95M	5.92M	1.79M	6.82M
Investing Cash Flow	-9.42M	-6.42M	-3.23M	-3.11M	-4.62M	-4.92M
Financing Cash Flow	272.00K	4.04M	6.52M	-3.57M	2.37M	-2.85M

Hipay Group SA Technical Analysis

Technical Analysis SentimentNegative

Last Price4.02

Price Trends

50DMA4.35Negative

100DMA4.85Negative

200DMA5.24Negative

Market Momentum

MACD-0.10Positive

RSI40.24Neutral

STOCH47.30Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALHYP, the sentiment is Negative. The current price of 4.02 is below the 20-day moving average (MA) of 4.16, below the 50-day MA of 4.35, and below the 200-day MA of 5.24, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 40.24 is Neutral, neither overbought nor oversold. The STOCH value of 47.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALHYP.

Hipay Group SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

FR:ALHYP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:ALBFR	75Outperform	EUR 299.79M	31.96	18.29%	―	12.55%	13.10%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FR:ALHYP	51Neutral	EUR 25.38M	6.09	9.80%	―	-2.18%	203.11%
FR:WLN	48Neutral	EUR 628.49M	-0.07	-28.58%	―	-18.15%	77.92%
FR:ALKEY	45Neutral	EUR 122.28M	-14.49	-15.60%	―	-4.35%	-156.96%
FR:ALCPB	44Neutral	EUR 198.46M	-0.71	-163.11%	―	-6.28%	-3728.20%
FR:S30	37Underperform	EUR 58.13M	-0.85	-402.35%	―	-12.76%	-156.13%

* Technology Sector Average

Performance Comparison

FR:ALHYP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:ALHYP	Hipay Group SA	4.02	-4.28	-51.57%
FR:WLN	Worldline SA	11.07	-7.12	-39.13%
FR:S30	Solutions 30	0.54	-0.39	-41.74%
FR:ALKEY	Keyrus SA	7.70	-1.00	-11.49%
FR:ALBFR	Sidetrade SA	210.00	-35.00	-14.29%
FR:ALCPB	Blockchain Group SA	5.15	-3.15	-37.94%

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: Sep 29, 2026

Hipay Group SA AI Stock Analysis