E-Pay Asia
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E-Pay Asia : Industry Comparables and Peers
 
 
Industry Comparables and Peers
     
     
  The company believes that the following three companies represents comparable companies to e-pay Asia in terms of the business and industry which we operate in. Euronet Worldwide is the parent company of our Joint Venture partner in e-pay Malaysia (see Corporate structure):

Euronet Worldwide Inc,

Euronet Worldwide is an industry leader in providing secure electronic financial transaction solutions. Through its prepaid subsidiaries— Transact, PaySpot, e-pay, Movilcarga, TeleRecarga and ATX (INGEVOUCHER)—Euronet is the world''s largest provider of electronic distribution service, or top-up services, for prepaid mobile airtime. The company has processing centers located in the U.S., Europe and Asia, and processes approximately 28 million electronic top-up transactions per month at more than 208,000 point-of-sale terminals across more than 101,000 retailers in ten countries. Euronet also operates the largest independent pan-European ATM network, and the largest shared ATM network in India. With corporate headquarters in Leawood, Kansas, USA, Euronet serves clients in more than 70 countries. For more information, visit the company's website at www.euronetworldwide.com.

PayPoint PLC

PayPoint is a leading branded payment collection network used, primarily, for the cash payment of bills and services and prepayments for mobile telephones and energy meters. There are over 14,000 retail outlets using PayPoint’s payment collection systems. PayPoint began trading in 1996 and initially collected payments through its network of retail agents for its founder client investors, including British Gas, BT, BBC TV Licensing and London Electricity PayPoint now has more than 500 clients including the UK and Ireland’s major energy, cable, mobile and fixed line telephony companies. The blue chip client list also extends to numerous water companies, local authorities and housing associations and a growing transport and travel base. For more information, visit the company's website at www.paypoint.co.uk

Bill Express Limited

Bill Express Limited is a product distribution, sales and payments network. Bill Express Limited has the second largest national bill-payment network (Bill EXPRESS®) after Australia Post. Bill Express Limited’s pre-paid network (DialTime) has the largest number of store locations in Australia - its sales volume is second highest and growing. Retail applications include vending of vouchers for pre-paid products and services, provision of bill-payment and EFTPOS facilities, and placement of advertising screens. There are over 8,000 DialTime terminals installed in retail outlets across Australia - with 2,000 of these also including the Bill EXPRESS® bill-payment system. Every Bill EXPRESS® outlet is also a DialTime outlet. There are now in excess of 13,000 Dial time terminals installed and more than 3,000 Bill Express sites. For more information, visit the company's website at www.billexpressltd.com.au

 
     
 
$=AUD Euronet
Worldwide Inc
PayPoint
PLC
Bill Express
Limited
e-pay Asia
Limited
         
Domicile USA UK Australia Australia
Exchange NASDAQ AIM ASX ASX / AIM
Stock code EFFT PAY BXP EPY
Share capital 35.6 m 67 m 395 m 185 m
Market Capitalisation $1.3 bn $636 m $83 m $37 m
Revenue $508 m $214 m $483 m $620 m
EBITDA $68 m $30 m $19 m $12 m
NPAT $24.5 m $14 m $6.5 m $9.2 m
Net Earnings $24.5 m $14 m $6.5 m $5 m
EPS $0.68 $0.21 $0.02 $0.03
Dividend/Share NIL 12 c NIL 1 c
Dividend Yield NIL 1.7% NIL 5%
Price/EBITDA 19x 21x 4x 3x
Price/NPAT 53x 45x 13x 4x
Price/Earnings 53x 45x 13x 7.4x
Current Markets 70 countries
UK Australia Malaysia
Indonesia
Pakistan
Thailand
 
     
     
  Note: Euronet Worldwide, PayPoint Bill Express calculations are based on their closing share price on 30-Nov-05 on ASX/AIM and most recent annual financials results; e-pay Asia calculations are based on an IPO price of 20 cents per share and its 2006 forecasts  
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
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