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FLEXSHOPPER INC (FPAY) Stock Fundamental Analysis

NASDAQ:FPAY - Nasdaq - US33939J3032 - Common Stock - Currency: USD

0.65  -0.03 (-4.31%)

After market: 0.663 +0.01 (+2%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FPAY. FPAY was compared to 101 industry peers in the Financial Services industry. FPAY scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FPAY has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

FPAY had negative earnings in the past year.
FPAY had a negative operating cash flow in the past year.
In multiple years FPAY reported negative net income over the last 5 years.
FPAY had a negative operating cash flow in each of the past 5 years.
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 84.16% of the companies in the same industry.
Looking at the Return On Equity, with a value of -14.16%, FPAY is doing worse than 85.15% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.70%, FPAY belongs to the top of the industry, outperforming 83.17% 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 the better half of the industry, outperforming 60.40% of the companies in the same industry.
FPAY's Operating Margin has improved in the last couple of years.
FPAY has a Gross Margin of 54.88%. This is in the better half of the industry: FPAY outperforms 70.30% of its industry peers.
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

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FPAY is destroying value.
FPAY has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FPAY has been increased compared to 5 years ago.
Compared to 1 year ago, FPAY has a worse debt to assets ratio.
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.
Looking at the Altman-Z score, with a value of 1.68, FPAY is in the better half of the industry, outperforming 70.30% of the companies in the same industry.
FPAY has a Debt/Equity ratio of 4.56. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 4.56, FPAY is doing worse than 78.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 4.56
Debt/FCF N/A
Altman-Z 1.68
ROIC/WACC0.81
WACC12.03%
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 94.06% of its industry peers.
A Quick Ratio of 7.10 indicates that FPAY has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 7.10, FPAY belongs to the best of the industry, outperforming 94.06% 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

FPAY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 58.93%, which is quite impressive.
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

Based on estimates for the next years, FPAY will show a very strong growth in Earnings Per Share. The EPS will grow by 112.79% on average per year.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y233.04%
EPS Next 2Y112.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.77%
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 2.12, the valuation of FPAY can be described as very cheap.
Based on the Price/Forward Earnings ratio, FPAY is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FPAY to the average of the S&P500 Index (34.61), we can say FPAY is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 2.12
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FPAY indicates a rather cheap valuation: FPAY is cheaper than 91.09% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.2
FPAY Per share dataFPAY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

The 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

FPAY does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FLEXSHOPPER INC

NASDAQ:FPAY (8/12/2025, 8:00:01 PM)

After market: 0.663 +0.01 (+2%)

0.65

-0.03 (-4.31%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)08-04 2025-08-04
Earnings (Next)11-11 2025-11-11
Inst Owners12.75%
Inst Owner Change0.31%
Ins Owners14.68%
Ins Owner Change0%
Market Cap16.00M
Analysts82.5
Price Target3.32 (410.77%)
Short Float %0.23%
Short Ratio0.38
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)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)117.86%
EPS NY rev (1m)0%
EPS NY rev (3m)18.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 2.12
P/S 0.11
P/FCF N/A
P/OCF N/A
P/B 0.48
P/tB 0.77
EV/EBITDA 5.2
EPS(TTM)-0.23
EYN/A
EPS(NY)0.31
Fwd EY47.08%
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
WACC12.03%
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 Y233.04%
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 Year10.77%
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 Year70.31%
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