EML Payments Ltd
EML: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.00 | Hhgtb | Nlbdlknl |
EML Payments Earnings: Earnings Recovery Progressing
No-moat EML Payments’ fiscal 2024 results slightly exceeded our forecast, with underlying EBITDA rising to AUD 57 million from AUD 37 million in the prior year, beating our expectations by 3% and landing near the top end of guidance. The AUD 57 million includes the now-liquidated Irish reloadable cards business, PCSIL. Excluding PCSIL, EBITDA is AUD 49 million for the year.