OxPay Financial Limited (TVV) AI Stock Analysis

• Market Cap: S$15.87M
• Dividend Yield: N/A
• Average Volume (3M): 1.50M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.01
• Revenue Growth: 23.30%
• EPS Growth: -46.43%
• Country: SG
• Employees: 37
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 311,253,140
• 10 Day Avg. Volume: 636,510
• 30 Day Avg. Volume: 1,501,090
• PEG Ratio: -0.02
• Price to Book (P/B): 6.13
• Price to Sales (P/S): 2.13
• P/FCF Ratio: -1.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: S$0.00 ▼(-100.00% Downside)

The overall stock score of 54 reflects significant financial performance challenges with declining revenue and profitability concerns. Technical analysis shows positive momentum, which partially offsets the weak financial and valuation metrics. The lack of earnings call data and corporate events means the analysis heavily relies on financial and technical components.

OxPay Financial Limited Business Overview & Revenue Model

Company Description

OxPay Financial Limited provides merchant payment and digital commerce enabling solutions in Singapore, Malaysia, and Thailand. It offers online-to-offline financial services through its integrated platform with a focus on servicing merchants in the retail, transportation, and food and beverage industries. The company's products include payment solutions, such as card acceptance and alternative payment; cross border and local payout solutions; and online and offline solutions. It also engages in the provision of proprietary and licensed software-as-a-service, as well as tokenisation/detokenization services; development of bespoke software solutions; and sale and lease of smart POS terminals. In addition, the company offline POS payment, on-the-go virtual terminal, buy now pay later, and e-commerce and social media live selling; and POS hardware, order management, capital lending, customer data analytics, customer relationship management, card and loyalty program aggregation, omni-channel brand management, and expense and inventory management solutions. Further, it acts as an aggregator and master merchant for electronic payment processing; and provides financial and blockchain technology services, as well as engages in e-commerce, and hardware sale activities. The company was founded in 2005 and is based in Singapore.

How the Company Makes Money

OxPay Financial Limited generates revenue through multiple streams, primarily by charging transaction fees on payments processed through its platform. These fees are typically a percentage of the transaction value, which can vary based on the type of service or the merchant's volume. Additionally, the company may offer subscription-based services for premium features, such as advanced analytics and reporting tools, which provide merchants with deeper insights into their sales and customer behavior. Partnerships with banks and financial institutions also contribute to revenue generation, as they may facilitate co-branded services or provide a referral fee for new merchant accounts. Furthermore, OxPay could benefit from strategic alliances with e-commerce platforms, expanding its reach and customer base, thereby boosting its earnings potential.

OxPay Financial Limited Financial Statement Overview

Summary

OxPay Financial Limited faces significant challenges in terms of profitability and financial stability. The declining revenue trend, consistent net losses, and negative equity in some years highlight operational and strategic difficulties. Despite a strong cash position, the heavy reliance on financing and negative operational cash flows signal sustainability concerns.

Income Statement

OxPay Financial Limited shows a declining revenue trend with significant net losses over the years. The gross profit margin is reasonable, but negative EBIT and EBITDA margins indicate operational inefficiencies. Revenue has decreased notably from 2021 to 2024, reflecting potential challenges in sales and market positioning.

Balance Sheet

The company's balance sheet reveals high liabilities compared to equity, with a debt-to-equity ratio that has been fluctuating. A positive note is the strong cash position relative to debt, indicating liquidity strength. However, the negative equity in earlier years and decreasing total assets raise concerns about financial stability and solvency.

Cash Flow

OxPay's cash flow statement reflects operational challenges, with consistently negative operating cash flow. Although there is a slight improvement in free cash flow from 2023 to 2024, the overall trend is concerning. The company relies heavily on financing activities to support its cash needs, highlighting potential sustainability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	3.63M	8.32M	9.87M	17.54M	11.11M
Gross Profit	0.00	2.32M	2.45M	2.56M	10.26M	3.57M
EBITDA	-651.00K	-3.03M	-1.19M	-179.00K	-26.63M	-466.00K
Net Income	-2.23M	-3.24M	-1.36M	-473.00K	-27.06M	-1.75M
Balance Sheet
Total Assets	1.02M	6.07M	16.74M	26.13M	30.50M	11.57M
Cash, Cash Equivalents and Short-Term Investments	1.01M	4.16M	9.40M	22.11M	26.45M	3.48M
Total Debt	7.17M	1.20M	823.00K	28.00K	24.00K	1.45M
Total Liabilities	9.51M	5.27M	12.62M	20.64M	25.07M	12.10M
Stockholders Equity	-8.49M	1.26M	4.53M	5.83M	5.89M	-362.00K
Cash Flow
Free Cash Flow	-649.00K	-5.35M	-13.58M	-4.12M	19.98M	-7.64M
Operating Cash Flow	-649.00K	-5.21M	-13.51M	-3.90M	20.06M	-7.63M
Investing Cash Flow	-548.00K	-141.00K	-71.00K	-198.00K	1.17M	52.00K
Financing Cash Flow	291.00K	126.00K	765.00K	-190.00K	1.83M	-440.00K

OxPay Financial Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TVV, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.00 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:TVV.

OxPay Financial Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TVV	54 Neutral	S$15.87M	―	-183.78%	―	23.30%	-46.43%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

OxPay Financial Limited Corporate Events

OxPay Financial Updates on Convertible Loan Proceeds Utilization

OxPay Financial Limited announced an update on the use of net proceeds from a convertible loan facility amounting to approximately S$1,839,000. The funds have been allocated towards operating expenses, employee remuneration, and repayment of existing loans, aligning with the company’s initial plans. The company will continue to update stakeholders on the utilization of the remaining funds.

OxPay Financial Limited Updates on Convertible Loan Proceeds Utilization

OxPay Financial Limited announced an update on the utilization of net proceeds from a convertible loan facility of S$2,000,000, from which S$1,833,000 was raised after expenses. The company has allocated S$500,000 of these proceeds towards operating expenses and employee remuneration, aligning with its previously disclosed intentions. The board will continue to provide updates on the remaining funds’ usage, ensuring transparency and adherence to the stated purposes.

OxPay SG Faces Penalty for AML/CFT Lapses, Implements Remedial Measures

OxPay Financial Limited’s subsidiary, OxPay SG Pte. Ltd., has been fined S$110,000 by the Monetary Authority of Singapore for lapses in anti-money laundering and countering the financing of terrorism compliance between May 2021 and November 2022. In response, OxPay SG has taken significant steps to improve its compliance measures, including enhancing customer onboarding processes, transaction monitoring, and staff training, under a new management team committed to high regulatory standards.

OxPay Secures S$2.5 Million Convertible Loan to Bolster Financial Position

OxPay Financial Limited has entered into a convertible loan agreement with Oxley Capital Management Pte. Ltd., securing a loan facility of up to S$2,500,000. This agreement follows a previous loan from the same lender and is part of OxPay’s strategy to strengthen its financial resources, potentially impacting its market operations and shareholder value.