I am now off Tyro.
It appears the thesis for ongoing growth is coming from internal efficiencies.
Referring to slide 38 from the last financial presentation, you can see merchant count is only ~+4%. This would mean the drive for revenue needs to come through higher fees and higher GDP.
With a down turn in the economy impacting 66% of the transaction value and low client growth, I think it's worth only 4 times EBITA which is a 33% drop from current levels.
Great value if you want to hold for 8 years, but if you are looking over the next 3-4 years, probably better value elsewhere.
But a great company.
I am now off Tyro. It appears the thesis for ongoing growth is...
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Last
83.3¢ |
Change
-0.003(0.30%) |
Mkt cap ! $441.1M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.3¢ | 82.0¢ | $44.02K | 53.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2939 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 17412 | 9 |
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| Last trade - 10.21am 20/06/2025 (20 minute delay) ? |
| TYR (ASX) Chart |