Latest update:TYR - TYRO PAYMENTS LIMITEDMacquarie rates TYR as...

Latest update:

TYR - TYRO PAYMENTS LIMITED

Macquarie rates TYR as Downgrade to Neutral from Outperform (3) - Macquarie observes Tyro Payments' 1H25 result was slightly above the broker's expectations, with gross profit exceeding by 2.3% and earnings (EBITDA) by 5%.

The analyst believes the company can achieve FY25 guidance, and management reiterated the Rule of 40 target for FY26.

Macquarie lifts EPS forecasts by 18% for FY25 and 11% for FY26, but medium-term earnings are downgraded by -15% to -20% due to higher customer loss assumptions and competitive pressure on margins.

The stock is downgraded to Neutral from Outperform. Target price falls to 82c from $1.40.

Target price is $0.82 Current Price is $0.81 Difference: $0.015 If TYR meets the Macquarie target it will return approximately 2% (excluding dividends, fees and charges). Current consensus price target is $1.23, suggesting upside of 53.3%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY25:

Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.30 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 24.39. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 3.2, implying annual growth of -34.8%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 25.2.

Forecast for FY26:

Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.40 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.30. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.1, implying annual growth of 28.1%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 19.6.