Added to YB: 2025-08-22
Pitch date: 2025-08-21
TYR.AX [bullish]
Tyro Payments Limited
-10.53%
current return
Author Info
Company Info
Tyro Payments Limited engages in the provision of payment solutions to merchants in Australia. The company operates through two segments, Payments and Banking.
Market Cap
AUD 598.0M
Pitch Price
AUD 1.14
Price Target
1.60 (+59%)
Dividend
N/A
EV/EBITDA
6.86
P/E
19.96
EV/Sales
1.11
Sector
Financial Services
Category
special_situation
Taking a flyer on a potential AUS payments takeout - Tyro (TYR.AX)
TYR.AX: AUS payments co sought by 5 bidders (Westpac, Stripe, Shift4, 2 banks). Prior Potentia bid of $1.60 rejected in 2022 at 13x EBITDA. Now trades 8.5x vs SMP takeout at 14x. Recent Smartpay acquisition by Shift4 makes Tyro last standalone player. 40% upside potential to $1.60+. New management more open to sale.
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