5 BNPL Stocks and regulatory charter - Z1P, APT, OPY, SPT, SZL

  • Jan 07, 2020 AEDT
  • Team Kalkine
5 BNPL Stocks and regulatory charter - Z1P, APT, OPY, SPT, SZL

In the recent past, we have witnessed robust growth across the Buy Now Pay Later (BNPL) segment due to higher demand from the retail segment. Introduction of zero interest and instalments options for purchasing essential products has enhanced the demand of several retailer products. Thus, the credit card service provider companies reported impressive sales growth in the calendar year 2019.

ZIP Co Limited (ASX:Z1P)

ZIP Co Limited provides credit and digital payment services to retailers. Recently, the company notified that it has issued 505,629 fully paid ordinary shares at $3.70 per ordinary share.

Key highlights for the four-month period ended 31 October 2019: Z1P declared its four months operational highlights for FY20 with the company reporting a total of customers 1.6 million customers, up 77% on a y-o-y basis. ZIP reported total merchants at 20k, up 54% on a y-o-y basis, and total Transaction Volume at $565 million, up 105% from the previous corresponding four months. During the period, the company completed the acquisition of Partpay on 07 November 2019.

Four Months Operating Highlights for the period ended 31 October 2019 (Company Report)

Guidance: For FY2020, the company will be focusing on three growth areas - core growth, expansion of products, and worldwide expansion.

Stock Update: The stock of Z1P is quoting at $3.45 as on 07 January 2020 (2:59 PM AEDT), in line with the previous close. The stock has a market capitalization of 1.35 billion and has 390.39 million outstanding shares. The 52-week high and low value of the stock is $5.860 and $1.050 respectively. The stock has generated mixed returns of -25.21% and 14.98% in the last three months and six months, respectively.

Afterpay Limited (ASX:APT)

Afterpay Limited is a technology-based company engaged in payment services which enables the buyers to purchase a specific product on a credit basis. Recently, the company reported that one of its directors has acquired 1,500,000 unlisted options issued under the entity’s Employee Option Plan at a price consideration of $1.00 per option and an expiry date of 31 December 2020.

Key highlights for the four-month period ended 31 October 2019: APT declared its four months results ended 31 October 2019, wherein the company reported underlying sales of $2.7 billion, an increase of 23% on a q-o-q basis. The company’s active customers stood at 6.1 million, a 32% growth on a q-o-q basis. Active Merchants during the period were 39,450, up 22% on a q-o-q basis. On an average, the company onboarded more than 15,000 new customers per day during October 2019.

4 months Operating highlights for the period ended 31 October 2019 (Source: Company Report)

Stock Update: The stock of APT is quoting at $30.390, up 1.334% as on 07 January 2020 (2:59 PM AEDT). The stock has a market capitalization of 7.82 billion and has 260.66 million outstanding shares. The 52-week high and low value of the stock is $37.410 and $12.350 respectively. The stock has generated mixed returns of -14.12% and 11.07% in the last three months and six months, respectively.

Openpay Group Ltd (ASX:OPY)

Openpay Group Ltd is a provider of payments technology that offers credit services to retailers. Recently, the company reported Chow Tai Fook Enterprises Limited as an initial substantial holder with a voting power of 11.80%.

FY19 Operational Highlights for the Period ended 30 November 2019: OPY reported its financial results for the period ended 30 November 2019, wherein, the company reported that Active Merchants reached 1,834 as compared to 1,510 as of 30 June 2019. The increase was owed to the rapid growth of Active Merchants, Active Customers and Active Plans using the Openpay platform in the Australian and UK markets. Active Customers, at the end of the period, stood at 178,390 as compared to 133,556 as of 30 June 2019. Openpay reported 391,360 Active Plans as compared to 251,780 as at 30 June 2019.

Stock Update: The stock of OPY is quoting at $1.215, up 2.101% as on 07 January 2020 (2:59 PM AEDT). The stock has a market capitalization of 111.62 million and has 93.8 million outstanding shares. The 52-week high and low value of the stock is $1.650 and $1.090 respectively. The stock has generated a negative return of 10.19% on a year-to-date basis.

Splitit Payments Ltd (ASX:SPT)

Splitit Payments Ltd provides credit card-based instalment solutions to corporates and retailers. Recently, the company notified that Gil Don as an initial substantial holder with a voting power of 5.38%.

Four-day trading period incorporating Black Friday and Cyber Monday: SPT reported its four days trading updates wherein, the company reported underlying merchant sales of US$3 million, depicting a growth of 83% growth in the key US market. The company reported new partnerships with Magento, iPay88 and BlueSnap. The company also provided new merchant collaborations with high-value product and service providers which includes Dick Smith, Reds Baby, ReST, Plus Shop, Slabway, Later Gator and Mobvoi etc.

Stock Update: The stock of SPT is quoting at $0.665, down 1.481% as on 07 January 2020 (2:59 PM AEDT). The stock has a market capitalization of 210.28 million and has 311.53 million outstanding shares. The 52-week high and low value of the stock is $2.000 and $0.305 respectively. The stock has generated positive returns of 8.00% and 31.07% in the last three months and six months, respectively.

Sezzle Inc. (ASX:SZL)

Sezzle Inc. provides interest-free instalment plans at online portals for retailers across the United States and Canada. On 03 January 2020, SZL reported about the California Department of Business Oversight’s (‘DBO’) public statement wherein, the business informed the company’s plan to not approve an application by Sezzle for a California Financing Law license to make loans.

Q3FY19 Operational Highlight for the Period ended 30 September 2019: SZL announced its quarterly highlights wherein, the company reported Active Merchants at 7,507, up 48.7% on a q-o-q basis. During the quarter, active customers reached 644,509, up 49.9% on a q-o-q basis. Underlying Merchant Sales came in at US$68.8 million, up 64.2% from the previous quarter. During the quarter, the Company added 2,459 Active Merchants to the platform. The business reported Strong tailwinds in the North American BNPL segment and reported a cash balance of US$27.2 million as on 30 September 2019.

Stock Update: The stock of SZL is quoting at $1.780, up 30.882% as on 07 January 2020 (2:59 PM AEDT). The stock has a market capitalization of 242.14 million and has 178.05 million outstanding shares. The 52-week high and low value of the stock is $2.860 and $1.170 respectively. The stock has generated negative returns of 44.26% and 17.82% in the last three months and year-to-date basis, respectively.


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