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eServGlobal (ESG)

Business description

eServGlobal develops mobile software solutions to support mobile financial services, with a focus on emerging markets. It also has a 35.7% share in the HomeSend cross-border payments hub, alongside Mastercard and BICS.

Stock data

Market cap.£80.5m
Last close8.88p
High / Low (52 weeks)13.2p / 5.4p
Stock market listingLN, AU
Forecast net cash (A$m)7.3
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(6.6)(3.3)63.6
Relative *(4.7)(10)60.6

* % Relative to local index

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Company news

Is It Time To Buy eServGlobal Limited (ASX:ESV)?

Wed, 28 Feb 2018 00:21:57 GMT

eServGlobal Aims To "Deliver More Proof That Our Strategy Works"

Thu, 17 May 2018 11:35:32 GMT

eServGlobal JV Homesend Partners With Kuwait Exchange Firm

Thu, 10 May 2018 12:00:00 GMT

How Financially Strong Is eServGlobal Limited (ASX:ESV)?

Sat, 08 Jul 2017 14:44:30 GMT

Is eServGlobal Limited a small-cap bargain?

Fri, 27 Mar 2015 00:41:03 GMT

Y/E Oct Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2016A 21.6 (7.0) (17.5) (3.88) N/A N/A
2017A 12.2 (15.2) (27.5) (4.17) N/A N/A
2018E 19.0 (0.4) (7.2) (0.84) N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 22/05/2018

Investment summary

eServGlobal enters FY18 with a reduced cost base and a fully funded balance sheet; we are forecasting the core business to be close to EBITDA break-even in FY18. With access to Mastercard’s sales force and financial institution customer base, HomeSend has signed up a number of banks to use its cross-border payment platform. As these banks shift volumes onto the platform, this should drive strong growth in volumes and move the joint venture towards profitability.

Last updated on 22/05/2018

Industry outlook

eServGlobal's core business is focused on developing markets, where there is a higher prevalence of pre-paid contracts and unbanked citizens. Growth drivers include the shift to using the mobile phone for financial services and the increasing popularity of mobile peer-to-peer payments. The international remittances market was worth $575bn in 2016 and is forecast to grow to $616bn by 2018 (source: World Bank). The HomeSend JV has the potential to reduce the cost of sending money cross-border.

Last updated on 27/04/2018

Key management

Andrew Hayward, CFO
John Conoley, Executive Chairman and Member of Audit Commit

Company address

Suite 5
30 Florence Street
Newstead
Brisbane
4006
Australia
+33 1 4612 58 85
View website