EML Payments Ltd
EML: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$1.00 | Gqtf | Ywmdckmbd |
EML Payments Earnings: Positive News at Last; Outlook for Recovery Is Supportive
No-moat EML Payments' first-half fiscal 2024 results marked a pivotal turning point after nearly three years of regulatory compliance issues. Underlying EBITDA more than doubled from the previous corresponding period to AUD 29 million, propelling EBITDA margins to 19.4% from 11.5%, supported by growth in recurring revenue across all segments and a boost in interest income from customers’ loaded funds.