Cass Information Systems Inc

Consumer Discretionary
Business Services
www.cassinfo.com

Earnings Score
Moat Score

Market Cap $596.05M
PE 26
Debt $NaN
Cash $230.56M
EV $NaN
FCF $15.08M

Earnings

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Sales & Net Margins

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Earnings	$22.98M
EBIT	$28.81M
ROE	10%
ROA	1%
FCF	$15.08M
Equity	$237.65M
Growth Stability	88%
PE	25.93
PEG	16.71
PB	2.51
P/FCF	39.53
P/S	2.99
Price/Cash	0.39
Net Margins	10%
Op. Margins	14%
Earnings CAGR	3%
Sales Growth YoY	3%
Sales Growth QoQ	4%
Sales CAGR	6%
FCF CAGR	-2%
Equity CAGR	1%
Earnings Stability	0.31
Earnings Growth YoY	-60%

Earnings Growth QoQ	-34%
Earnings CAGR 5Y	2%
Sales CAGR 5Y	8%
FCF CAGR 5Y	-14%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	-20%
Equity CAGR 3Y	3%
Market Cap	$596.05M
Revenue	$199.55M
Dividend Yield	3%
Payout Ratio	71%
Assets	$2.26B
Cash	$230.56M
Shares Outstanding	13.49M
Earnings Score	9%
Moat Score	65%
Shares Growth 3y	-0%
Equity Growth QoQ	3%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. The company provides transportation invoice rating, payment processing, auditing, accounting, and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility-related expenses. It operates in two segments: Information Services and Banking Services. The firm generates maximum revenue from the Information Services segment.

SEC Filings

Direct access to Cass Information Systems Inc (CASS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cass Information Systems Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cass Information Systems Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 31%

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Cass Information Systems Inc Discounted Cash Flow

Fully customizable DCF calculator online for Cass Information Systems Inc.

Years

Calculation mode

= $130M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$15M	$15M	$14M	$14M	$14M	$13M	$13M	$13M	$13M	$12M	$12M	$120M
DCF		$13M	$12M	$11M	$9.4M	$8.4M	$7.4M	$6.6M	$5.9M	$5.2M	$4.6M	$46M
Value	$130M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	21%	19%	19%	18%	20%	19%	17%	19%	19%	15%	10%
ROA	-	2%	2%	2%	2%	2%	1%	1%	2%	2%	1%
ROE	-	11%	12%	11%	13%	12%	10%	12%	17%	13%	10%

Net Margins (9.79%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	0.46	-	-	-	-	-
Debt over Equity	-	-	-	-	-	0.07	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	88%	100%	100%	100%	88%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (88%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	3%	4%	8%	10%	6%	-8%	6%	18%	8%	8%
Earnings YoY growth	-	-4%	6%	3%	21%	0%	-17%	14%	22%	-14%	2%
Equity YoY growth	-	3%	0%	8%	2%	6%	7%	-6%	-16%	11%	-3%
FCF YoY growth	-	-3%	10%	14%	26%	-10%	16%	-34%	52%	-51%	-14%