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FLEXSHOPPER INC (FPAY) Stock Fundamental Analysis

USA - NASDAQ:FPAY - US33939J3032 - Common Stock

0.6979 USD
+0.01 (+1.13%)
Last: 9/26/2025, 8:00:00 PM
0.6703 USD
-0.03 (-3.95%)
After Hours: 9/26/2025, 8:00:00 PM
Fundamental Rating

4

Overall FPAY gets a fundamental rating of 4 out of 10. We evaluated FPAY against 101 industry peers in the Financial Services industry. The financial health of FPAY is average, but there are quite some concerns on its profitability. FPAY is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FPAY has reported negative net income.
In the past year FPAY has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: FPAY reported negative net income in multiple years.
In the past 5 years FPAY always reported negative operating cash flow.
FPAY Yearly Net Income VS EBIT VS OCF VS FCFFPAY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M -40M

1.2 Ratios

Looking at the Return On Assets, with a value of -2.24%, FPAY is doing worse than 83.17% of the companies in the same industry.
With a Return On Equity value of -14.16%, FPAY is not doing good in the industry: 84.16% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 9.70%, FPAY belongs to the top of the industry, outperforming 84.16% of the companies in the same industry.
Industry RankSector Rank
ROA -2.24%
ROE -14.16%
ROIC 9.7%
ROA(3y)-0.32%
ROA(5y)-1.03%
ROE(3y)-3.69%
ROE(5y)-7.47%
ROIC(3y)N/A
ROIC(5y)N/A
FPAY Yearly ROA, ROE, ROICFPAY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

Looking at the Operating Margin, with a value of 16.29%, FPAY is in line with its industry, outperforming 59.41% of the companies in the same industry.
FPAY's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 54.88%, FPAY is doing good in the industry, outperforming 69.31% of the companies in the same industry.
FPAY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.29%
PM (TTM) N/A
GM 54.88%
OM growth 3Y40.29%
OM growth 5Y23.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y14.2%
GM growth 5Y11.25%
FPAY Yearly Profit, Operating, Gross MarginsFPAY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

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4

2. Health

2.1 Basic Checks

FPAY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for FPAY has been increased compared to 1 year ago.
Compared to 5 years ago, FPAY has more shares outstanding
The debt/assets ratio for FPAY is higher compared to a year ago.
FPAY Yearly Shares OutstandingFPAY Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
FPAY Yearly Total Debt VS Total AssetsFPAY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

FPAY has an Altman-Z score of 1.68. This is a bad value and indicates that FPAY is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FPAY (1.68) is better than 69.31% of its industry peers.
A Debt/Equity ratio of 4.56 is on the high side and indicates that FPAY has dependencies on debt financing.
The Debt to Equity ratio of FPAY (4.56) is worse than 79.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.56
Debt/FCF N/A
Altman-Z 1.68
ROIC/WACC0.81
WACC12.05%
FPAY Yearly LT Debt VS Equity VS FCFFPAY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

2.3 Liquidity

A Current Ratio of 7.10 indicates that FPAY has no problem at all paying its short term obligations.
FPAY has a better Current ratio (7.10) than 95.05% of its industry peers.
FPAY has a Quick Ratio of 7.10. This indicates that FPAY is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 7.10, FPAY belongs to the top of the industry, outperforming 95.05% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 7.1
Quick Ratio 7.1
FPAY Yearly Current Assets VS Current LiabilitesFPAY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 58.93% over the past year.
The Revenue has grown by 19.51% in the past year. This is quite good.
FPAY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.50% yearly.
EPS 1Y (TTM)58.93%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%66.67%
Revenue 1Y (TTM)19.51%
Revenue growth 3Y3.69%
Revenue growth 5Y9.5%
Sales Q2Q%17.3%

3.2 Future

FPAY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 112.79% yearly.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y317.3%
EPS Next 2Y112.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.74%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FPAY Yearly Revenue VS EstimatesFPAY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
FPAY Yearly EPS VS EstimatesFPAY Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4 -0.4

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5

4. Valuation

4.1 Price/Earnings Ratio

FPAY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 1.40, the valuation of FPAY can be described as very cheap.
100.00% of the companies in the same industry are more expensive than FPAY, based on the Price/Forward Earnings ratio.
FPAY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.89.
Industry RankSector Rank
PE N/A
Fwd PE 1.4
FPAY Price Earnings VS Forward Price EarningsFPAY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

FPAY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FPAY is cheaper than 92.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.21
FPAY Per share dataFPAY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

FPAY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FPAY's earnings are expected to grow with 112.79% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y112.79%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for FPAY!.
Industry RankSector Rank
Dividend Yield N/A

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FLEXSHOPPER INC

NASDAQ:FPAY (9/26/2025, 8:00:00 PM)

After market: 0.6703 -0.03 (-3.95%)

0.6979

+0.01 (+1.13%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)08-04 2025-08-04
Earnings (Next)11-12 2025-11-12
Inst Owners13.14%
Inst Owner Change2.92%
Ins Owners14.68%
Ins Owner Change0%
Market Cap17.18M
Analysts82.86
Price Target2.55 (265.38%)
Short Float %1.08%
Short Ratio0.64
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-72.42%
Min EPS beat(2)-276.47%
Max EPS beat(2)131.63%
EPS beat(4)3
Avg EPS beat(4)-14.75%
Min EPS beat(4)-276.47%
Max EPS beat(4)131.63%
EPS beat(8)5
Avg EPS beat(8)-8.73%
EPS beat(12)6
Avg EPS beat(12)-31.39%
EPS beat(16)7
Avg EPS beat(16)-54.89%
Revenue beat(2)1
Avg Revenue beat(2)-2.55%
Min Revenue beat(2)-12.86%
Max Revenue beat(2)7.75%
Revenue beat(4)2
Avg Revenue beat(4)1.1%
Min Revenue beat(4)-12.86%
Max Revenue beat(4)14%
Revenue beat(8)4
Avg Revenue beat(8)0.75%
Revenue beat(12)5
Avg Revenue beat(12)-4.91%
Revenue beat(16)6
Avg Revenue beat(16)-5.38%
PT rev (1m)-23.08%
PT rev (3m)-23.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)180%
EPS NY rev (1m)0%
EPS NY rev (3m)45.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.68%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 1.4
P/S 0.12
P/FCF N/A
P/OCF N/A
P/B 0.52
P/tB 0.82
EV/EBITDA 5.21
EPS(TTM)-0.23
EYN/A
EPS(NY)0.5
Fwd EY71.61%
FCF(TTM)-1.79
FCFYN/A
OCF(TTM)-1.42
OCFYN/A
SpS5.68
BVpS1.35
TBVpS0.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.24%
ROE -14.16%
ROCE 12.28%
ROIC 9.7%
ROICexc 10.28%
ROICexgc 11.05%
OM 16.29%
PM (TTM) N/A
GM 54.88%
FCFM N/A
ROA(3y)-0.32%
ROA(5y)-1.03%
ROE(3y)-3.69%
ROE(5y)-7.47%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y8.25%
ROICexcg growth 5Y0.73%
ROICexc growth 3Y5.66%
ROICexc growth 5Y-0.72%
OM growth 3Y40.29%
OM growth 5Y23.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y14.2%
GM growth 5Y11.25%
F-Score3
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 4.56
Debt/FCF N/A
Debt/EBITDA 4.67
Cap/Depr 95.26%
Cap/Sales 6.55%
Interest Coverage 1.12
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.1
Quick Ratio 7.1
Altman-Z 1.68
F-Score3
WACC12.05%
ROIC/WACC0.81
Cap/Depr(3y)120.62%
Cap/Depr(5y)130.9%
Cap/Sales(3y)6.74%
Cap/Sales(5y)5.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)58.93%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%66.67%
EPS Next Y317.3%
EPS Next 2Y112.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.51%
Revenue growth 3Y3.69%
Revenue growth 5Y9.5%
Sales Q2Q%17.3%
Revenue Next Year13.74%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y66.4%
EBIT growth 3Y45.47%
EBIT growth 5Y34.89%
EBIT Next Year69.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-209.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-424.36%
OCF growth 3YN/A
OCF growth 5YN/A