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UEPS Net 1 UEPS

Net 1 UEPS Technologies, Inc. engages in the provision of financial technology, products and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. It operates through the following segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies. The South African Transaction Processing segment consists of a welfare benefit distribution service provided to the South African government and transaction processing for retailers, utilities, medical-related claim service customers, and banks. The International Transaction Processing segment offers payment processing services and to a lesser extent from the sale of goods, primarily point of sale terminals, to customers in Korea. The Financial Inclusion and Applied Technologies segment comprises of short-term loans as a principal and life insurance products on an agency basis and generates initiation and services fees. The company was founded by Serge Christian Pierre Belamant in 1989 and is headquartered in Johannesburg, South Africa.

Company profile

Ticker
UEPS
Exchange
Website
CEO
Herman Kotze
Employees
Location
Fiscal year end
SEC CIK
IRS number
980171860

UEPS stock data

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Calendar

4 Feb 21
8 Mar 21
30 Jun 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Net 1 UEPS earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 267.05M 267.05M 267.05M 267.05M 267.05M 267.05M
Cash burn (monthly) (positive/no burn) (positive/no burn) 5.07M 6.75M 3.99M 6.17M
Cash used (since last report) n/a n/a 11.49M 15.3M 9.05M 13.98M
Cash remaining n/a n/a 255.56M 251.75M 258M 253.08M
Runway (months of cash) n/a n/a 50.4 37.3 64.6 41.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Feb 21 Antony C Ball Common stock Buy Aquire P Yes No 4.99 30,291 151.15K 12,265,154
11 Feb 21 Value Capital Partners Common stock Buy Aquire P Yes No 4.99 30,291 151.15K 12,265,154
11 Feb 21 Monde Nkosi Common stock Buy Aquire P Yes No 4.99 30,291 151.15K 12,265,154
10 Feb 21 Jabulane Albert Mabuza Common Stock Buy Aquire P No No 4.88 9,859 48.11K 79,303
18 Dec 20 Value Capital Partners Common stock Buy Aquire P Yes No 3.97 279,728 1.11M 12,234,863
26.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 3
Opened positions 0 1 EXIT
Closed positions 0 41 EXIT
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 57.95M 57.95M
Total shares 15.11M 15.11M
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Value Capital Partners 11.96M $42.44M 0.0%
Rubric Capital Management 2.13M $10.49M 0.0%
Prescott Group Capital Management, L.L.C. 1.02M $5.02M 0.0%
Largest transactions
Shares Bought/sold Change
Prescott Group Capital Management, L.L.C. 1.02M 0 0.0%
Rubric Capital Management 2.13M 0 0.0%
Value Capital Partners 11.96M 0 0.0%

Financial report summary

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Competition
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Management Discussion
  • On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. Our operations were impacted by government-imposed restrictions to contain the spread of the COVID-19 pandemic. Specifically, on March 27, 2020, the South African government imposed certain emergency measures to combat the spread of COVID-19, including implementation of travel bans and closures of factories, schools, public buildings, and businesses. Our businesses outside South Africa have also been affected and these operations and their employees are also complying with similar restrictions.
  • The restrictions limited movement of our customers and employees and governed the access that we and our customers and business partners have to our corporate head office and operating branches and offices. A number of our South African businesses were classified as essential services and therefore we were able to operate these businesses, including our EasyPay payment processing and value-added services operations, the operation of bank accounts and our national ATM network.
  • However, we were required to suspend our South African lending and other financial services activities to the extent that they operate through branches, and therefore we were prohibited from marketing and selling loans and other financial products on a face-to-face basis from the end of March 2020 to the end of May 2020. During April 2020, we developed a system to grant loans to repeat customers using mobile phone-based USSD strings, and this was launched through targeted SMS marketing in early May 2020. Collections of amounts due from existing loans have been largely unaffected by the COVID-19 pandemic and government-imposed restrictions. We continue to monitor the recoverability of our lending book and have considered the impact of COVID-19 on the collectability of the outstanding balance as of June 30, 2020, and determined that an increase in the allowance for doubtful finance loans receivable specifically related to the COVID-19 pandemic was not required. We have made this determination because we currently do not expect the pandemic to significantly impact our customer base's ability to repay amounts due over the next five months, which is the remaining term on the loans.
Content analysis
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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