Net 1 UEPS Technologies, Inc. is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The Company operates through three segments: South African transaction processing, International transaction processing, and Financial inclusion and applied technologies. The Company also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. It offers secure online transaction processing, cryptography, mobile telephony, integrated circuit card (chip/smart card) technologies, and the design and provision of financial and value-added services to its cardholder base.
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TypePublic
HQJohannesburg, ZA
Founded1989
Size (employees)5,358 (est)-6%
Websitenet1.com
Net1UEPS Technologies was founded in 1989 and is headquartered in Johannesburg, ZA
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Key People/Management at Net1UEPS Technologies

Herman G. Kotze

Herman G. Kotze

Chief Executive Officer and Director
Nitin Soma

Nitin Soma

Managing Director: Southern Africa
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Net1UEPS Technologies Office Locations

Net1UEPS Technologies has an office in Johannesburg
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Net1UEPS Technologies Financials and Metrics

Net1UEPS Technologies Revenue

Net1UEPS Technologies's revenue was reported to be $612.89 m in FY, 2018
USD

Revenue (Q1, 2019)

125.9m

Net income (Q1, 2019)

(5.1m)

EBIT (Q1, 2019)

896.0k

Market capitalization (16-Jan-2019)

277.3m

Closing stock price (16-Jan-2019)

4.9

Cash (30-Sep-2018)

98.6m

EV

190.5m
Net1UEPS Technologies's current market capitalization is $277.3 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

581.7m626.0m590.7m610.1m612.9m

Revenue growth, %

(6%)3%

Depreciation and amortization

40.3m40.7m40.4m41.4m35.5m

EBIT

101.8m128.5m114.4m97.0m58.9m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

123.5m137.3m138.1m156.4m154.1m151.1m154.5m150.3m134.7m155.6m151.4m147.9m152.6m148.4m162.7m125.9m

Depreciation and amortization

10.0m9.8m10.4m10.2m10.1m10.6m9.3m10.2m10.6m10.3m9.0m8.7m9.3m10.8m

EBIT

16.4m18.8m23.9m33.1m30.8m32.0m31.2m24.8m26.2m32.2m25.6m24.5m25.0m16.3m7.6m896.0k

EBIT margin, %

13%14%17%21%20%21%20%16%19%21%17%17%16%11%5%1%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

58.7m117.6m223.6m258.5m90.1m

Accounts Receivable

148.1m148.8m107.8m111.4m109.7m

Inventories

10.8m13.0m10.0m8.0m12.9m

Current Assets

1.0b991.2m923.7m1.1b426.8m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

47.7m22.4m30.9m81.2m71.0m111.0m125.6m101.4m123.3m205.3m223.0m138.4m64.9m87.2m98.6m

Accounts Receivable

113.9m

Inventories

11.1m13.5m10.5m12.2m12.5m12.1m12.3m10.6m11.6m10.7m14.1m10.6m9.3m12.5m11.8m10.4m

Current Assets

888.8m683.4m971.0m1.0b765.6m965.8m933.8m633.3m781.9m965.8m696.0m966.5m784.2m727.1m695.3m427.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

70.1m96.7m84.8m74.6m63.5m

Depreciation and Amortization

40.3m40.7m40.4m41.4m35.5m

Inventories

780.0k(3.8m)1.0m3.0m(2.5m)

Accounts Payable

2.1m1.3m1.8m20.0k(146.0k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

11.6m24.3m17.2m24.3m23.2m25.0m23.8m17.2m18.9m25.2m44.5m19.0m19.7m10.0m3.3m(5.1m)

Depreciation and Amortization

10.0m19.8m10.4m10.2m10.2m10.1m10.1m10.6m9.3m10.2m20.8m10.3m9.0m8.7m9.3m10.8m

Inventories

1.0m2.8m(2.1m)12.5m12.1m776.0k11.6m10.7m(3.6m)3.9m1.1m2.2m

Accounts Payable

972.0k1.7m30.0k1.2m15.8m15.3m709.0k645.0k343.0k32.0k9.0k75.0k(88.0k)(159.0k)(17.0k)110.0k
USDY, 2018

EV/EBIT

212.6 x

EV/CFO

11.6 x

EV/FCF

14.3 x

Financial Leverage

1.7 x
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Net1UEPS Technologies Operating Metrics

Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

ATMs

798 827 904 909 936 940 980

Active Accounts

830 k1.09 m1.43 m1.60 m1.80 m1.95 m2 m

Bank Branches

113 118 140 142 142 147 149

Policies Sold

160 k250 k
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Net1UEPS Technologies Revenue Breakdown

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Net1UEPS Technologies revenue breakdown by business segment: 34.2% from Financial inclusion and applied technologies, 29.0% from International transaction processing and 36.8% from South African transaction processing

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Net1UEPS Technologies Company Life and Culture

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Net1UEPS Technologies Frequently Asked Questions

  • When was Net1UEPS Technologies founded?

    Net1UEPS Technologies was founded in 1989.

  • Who are Net1UEPS Technologies key executives?

    Net1UEPS Technologies's key executives are Herman G. Kotze and Nitin Soma.

  • How many employees does Net1UEPS Technologies have?

    Net1UEPS Technologies has 5,358 employees.

  • What is Net1UEPS Technologies revenue?

    Latest Net1UEPS Technologies annual revenue is $612.9 m.

  • What is Net1UEPS Technologies revenue per employee?

    Latest Net1UEPS Technologies revenue per employee is $114.4 k.

  • Who are Net1UEPS Technologies competitors?

    Competitors of Net1UEPS Technologies include Lans Holdings, DueCourse and CPI Card Group.

  • Where are Net1UEPS Technologies offices?

    Net1UEPS Technologies has an office in Johannesburg.

  • How many offices does Net1UEPS Technologies have?

    Net1UEPS Technologies has 1 office.