A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
CASS INFORMATION SYSTEMS INC
CASS
$730M
Mkt Cap
$54.25
+0.52%
CASS INFORMATION SYSTEMS INC (CASS) has a current P/E ratio of 23.4, compared to its historical median P/E of 21.4. The stock is currently considered Fair based on its historical valuation range.
CASS INFORMATION SYSTEMS INC (CASS) has a 5-year average return on invested capital (ROIC) of 16.5%. This indicates strong capital allocation and a potential competitive advantage.
CASS INFORMATION SYSTEMS INC (CASS) has a market capitalization of $698M. It is classified as a small-cap stock.
Yes, CASS INFORMATION SYSTEMS INC (CASS) pays a dividend with a trailing twelve-month yield of 2.36%. The company also returns capital through share buybacks, with a buyback yield of 3.41%.
Based on historical P/E analysis, CASS INFORMATION SYSTEMS INC (CASS) appears fair. The current P/E of 23.4 is 9% above its historical median of 21.4. The estimated fair value CAGR (P/E method) is 0.8%.
CASS INFORMATION SYSTEMS INC (CASS) operates in the Services-Business Services, Nec industry, within the Industrials sector.
Description of Business Cass Information Systems, Inc. (“Cass” or the “Company”) provides payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. The Company’s services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. Cass also processes and pays facility-related invoices, which include electricity and gas as well as waste and telecommunications expenses. Cass solutions include integrated payments, a B2B payment platform for clients that require an agile fintech partner. Additionally, the Company offers a church management software solution and an on-line platform to provide generosity services for faith-based and non-profit organizations. The Company’s bank subsidiary, Cass Commercial Bank (the “Bank”), supports the Company’s payment operations.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 193M | 191M | 181M | 177M | 182M | 154M |
| Net Income | 35M | 35M | 19M | 30M | 35M | 29M |
| EPS | $2.68 | $2.61 | $1.39 | $2.18 | $2.53 | $2.00 |
| Free Cash Flow | 25M | 32M | 30M | 25M | 46M | 30M |
| ROIC | 0.0% | 19.0% | 15.3% | 19.6% | 16.7% | 11.7% |
| Gross Margin | - | 42.3% | 39.7% | 39.9% | 41.7% | 40.2% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $1.28 | $1.25 | $1.21 | $1.17 | $1.13 | $1.09 |
| Operating Income | 0 | 56M | 44M | 53M | 46M | 35M |
| Operating Margin | 0.0% | 29.3% | 24.5% | 29.9% | 25.4% | 22.7% |
| ROE | 14.5% | 14.9% | 8.4% | 13.8% | 15.4% | 11.3% |
| Shares Outstanding | 13M | 13M | 14M | 14M | 14M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 117M | 121M | 126M | 135M | 148M | 157M | 145M | 154M | 182M | 177M | 181M | 191M | 193M |
| Gross Margin | 43.6% | 41.8% | 42.2% | 42.8% | 42.1% | 42.1% | 39.2% | 40.2% | 41.7% | 39.9% | 39.7% | 42.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 66M | 70M | 73M | 77M | 86M | 91M | 88M | 92M | 106M | 104M | 109M | 110M | 110M |
| EBIT | 34M | 33M | 34M | 37M | 40M | 43M | 33M | 35M | 46M | 53M | 44M | 56M | 0 |
| Op. Margin | 29.2% | 27.4% | 27.2% | 27.4% | 27.0% | 27.1% | 22.6% | 22.7% | 25.4% | 29.9% | 24.5% | 29.3% | 0.0% |
| Net Income | 24M | 23M | 24M | 25M | 30M | 30M | 25M | 29M | 35M | 30M | 19M | 35M | 35M |
| Net Margin | 20.5% | 19.1% | 19.4% | 18.5% | 20.4% | 19.3% | 17.4% | 18.6% | 19.1% | 17.0% | 10.6% | 18.4% | 18.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -173K | -45K | -3.5M | -3.5M |
| Returns on Capital | |||||||||||||
| ROIC | 13.2% | 12.1% | 12.5% | 12.3% | 14.7% | 121.1% | 10.7% | 11.7% | 16.7% | 19.6% | 15.3% | 19.0% | 0.0% |
| ROE | 12.3% | 11.3% | 11.7% | 11.6% | 13.3% | 12.8% | 10.0% | 11.3% | 15.4% | 13.8% | 8.4% | 14.9% | 14.5% |
| ROA | 1.7% | 1.6% | 1.6% | 1.6% | 1.8% | 1.8% | 1.3% | 1.2% | 1.4% | 1.2% | 0.8% | 1.4% | 1.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 35M | 33M | 35M | 39M | 48M | 42M | 48M | 35M | 52M | 37M | 39M | 37M | 30M |
| Free Cash Flow | 29M | 28M | 31M | 35M | 44M | 39M | 46M | 30M | 46M | 25M | 30M | 32M | 25M |
| Owner Earnings | 30M | 28M | 30M | 33M | 41M | 34M | 40M | 27M | 40M | 28M | 30M | 26M | -29M |
| CapEx | 6.3M | 5.7M | 4.7M | 4.1M | 4.4M | 2.7M | 2.0M | 4.4M | 5.9M | 12M | 8.5M | 5.7M | 5.0M |
| Maint. CapEx | 3.1M | 3.4M | 3.7M | 4.1M | 4.4M | 4.8M | 5.3M | 5.2M | 4.7M | 4.6M | 5.7M | 7.2M | 55M |
| Growth CapEx | 3.2M | 2.3M | 1.0M | 76K | 3K | 0 | 0 | 0 | 1.2M | 7.3M | 2.8M | 0 | 0 |
| D&A | 3.1M | 3.4M | 3.7M | 4.1M | 4.4M | 4.8M | 5.3M | 5.2M | 4.7M | 4.6M | 5.7M | 7.2M | 55M |
| CapEx/OCF | 18.1% | 17.2% | 13.3% | 10.6% | 9.1% | 6.5% | 4.2% | 12.6% | 11.4% | 38.8% | 24.0% | N/A | 16.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.3M | 9.7M | 10.0M | 11M | 13M | 15M | 16M | 15M | 15M | 16M | 16M | 17M | 16M |
| Dividend Yield | 2.7% | 2.5% | 2.0% | 1.8% | 2.0% | 2.4% | 3.0% | 2.8% | 3.2% | 3.0% | 2.9% | N/A | 2.4% |
| Share Buybacks | 1.8M | 11M | 9.2M | 2.3M | 8.8M | 7.8M | 6.8M | 31M | 5.3M | 5.8M | 7.2M | 26M | 24M |
| Buyback Yield | 0.4% | 2.3% | 1.4% | 0.4% | 1.4% | 1.1% | 1.4% | 6.1% | 0.9% | 1.0% | 1.3% | 0.0% | 3.4% |
| Stock-Based Comp | 2.0M | 2.1M | 2.0M | 2.3M | 3.0M | 3.1M | 2.3M | 2.9M | 6.7M | 4.0M | 3.1M | 4.2M | 4.4M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 18M | 18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -186M | -1.3B | -1.0B | -381M | -724M | -680M | -758M | -454M |
| Cash & Equiv. | 294M | 253M | 267M | 228M | 231M | 204M | 671M | 515M | 201M | 372M | 350M | 392M | 454M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 60K |
| Debt/Equity | 6.49 | 6.02 | 6.23 | 6.36 | 6.38 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | 13.9 | 15.7 | 16.8 | 17.0 | 10.7 | 8.2 | 13.8 | 29.9 | 13.3 | 3.3 | 2.2 | 4.3 | 4.3 |
| Equity | 200M | 207M | 208M | 225M | 230M | 244M | 261M | 246M | 206M | 230M | 229M | 243M | 242M |
| Total Assets | 1.5B | 1.5B | 1.5B | 1.6B | 1.7B | 1.8B | 2.2B | 2.6B | 2.6B | 2.5B | 2.4B | 2.6B | 2.5B |
| Total Liabilities | 1.3B | 1.2B | 1.3B | 1.4B | 1.5B | 1.5B | 1.9B | 2.3B | 2.4B | 2.2B | 2.2B | 2.4B | 2.3B |
| Intangibles | 2.8M | 2.4M | 2.0M | 2.0M | 1.6M | 4.3M | 3.4M | 2.6M | 4.1M | 3.3M | 4.9M | 3.7M | 3.4M |
| Retained Earnings | 91M | 104M | 118M | 59M | 75M | 90M | 99M | 112M | 132M | 146M | 148M | 167M | 172M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 618M | 646M | 622M | 678M | 722M | 757M | 1.1B | 1.2B | 1.3B | 1.1B | 968M | 1.2B | 1.2B |
| Per Share Data | |||||||||||||
| EPS | 2.06 | 1.82 | 1.63 | 1.68 | 2.03 | 2.07 | 1.73 | 2.00 | 2.53 | 2.18 | 1.39 | 2.61 | 2.68 |
| Owner EPS | 2.55 | 2.21 | 1.98 | 2.18 | 2.75 | 2.33 | 2.76 | 1.85 | 2.91 | 2.05 | 2.19 | 1.94 | -2.24 |
| Book Value | 17.18 | 16.37 | 13.93 | 15.12 | 15.42 | 16.63 | 17.95 | 17.19 | 14.96 | 16.67 | 16.61 | 18.06 | 18.79 |
| Cash Flow/Share | 2.99 | 2.64 | 2.36 | 2.61 | 3.24 | 2.87 | 3.28 | 2.42 | 3.74 | 2.68 | 2.82 | 2.78 | 6.98 |
| Dividends/Share | 0.81 | 0.77 | 0.68 | 0.72 | 0.89 | 1.05 | 1.08 | 1.09 | 1.13 | 1.17 | 1.21 | 1.25 | 1.28 |
| Shares Out. | 11.7M | 12.7M | 14.9M | 14.9M | 14.9M | 14.7M | 14.6M | 14.3M | 13.8M | 13.8M | 13.8M | 13.5M | 12.9M |
| Valuation | |||||||||||||
| P/E Ratio | 20.1 | 20.8 | 27.7 | 24.2 | 21.4 | 24.0 | 19.9 | 17.8 | 16.1 | 20.0 | 28.7 | N/A | 20.2 |
| P/FCF | 12.8 | 14.4 | 22.2 | 17.4 | 14.7 | 18.5 | 11.0 | 16.9 | 12.3 | 24.1 | 18.1 | N/A | 27.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 12.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.4 | 2.3 | 3.2 | 2.7 | 2.8 | 3.0 | 1.9 | 2.1 | 2.7 | 2.6 | 2.4 | N/A | 2.9 |
| Price/Sales | 3.8 | 3.9 | 3.9 | 4.4 | 4.4 | 4.0 | 5.2 | 5.0 | 3.9 | 4.2 | 4.5 | N/A | 3.6 |
| FCF Yield | 5.9% | 5.8% | 4.5% | 5.8% | 6.8% | 5.4% | 9.1% | 5.9% | 8.1% | 4.2% | 5.5% | N/A | 3.6% |
| Market Cap | 484M | 479M | 675M | 605M | 647M | 730M | 502M | 509M | 563M | 602M | 550M | 0 | 698M |
| Avg. Price | 29.27 | 30.67 | 32.87 | 39.92 | 43.96 | 43.02 | 35.65 | 38.10 | 34.69 | 38.56 | 41.42 | 0.00 | 54.25 |
| Year-End Price | 31.43 | 31.45 | 45.28 | 40.60 | 43.42 | 49.67 | 34.50 | 35.57 | 40.82 | 43.67 | 39.86 | 0.00 | 54.25 |
CASS INFORMATION SYSTEMS INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
CASS INFORMATION SYSTEMS INC trades at 23.4x trailing earnings, compared to its 15-year median P/E of 21.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.8x vs a median of 17.4x. The company's 5-year average ROIC is 16.5% with a gross margin of 40.7%. Total shareholder yield (dividends + buybacks) is 5.8%. At current prices, the estimated annualized return to fair value is -4.5%.
CASS INFORMATION SYSTEMS INC (CASS) reported annual revenue of $191 million in its most recent fiscal year, based on SEC EDGAR filings.
CASS INFORMATION SYSTEMS INC (CASS) has a net profit margin of 18.4%. This is a healthy margin.
CASS INFORMATION SYSTEMS INC (CASS) generated $32 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CASS INFORMATION SYSTEMS INC (CASS) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
CASS INFORMATION SYSTEMS INC (CASS) reported earnings per share (EPS) of $2.61 in its most recent fiscal year.
CASS INFORMATION SYSTEMS INC (CASS) has a return on equity (ROE) of 14.9%. This indicates moderate shareholder returns.
CASS INFORMATION SYSTEMS INC (CASS) has a 5-year average gross margin of 40.7%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for CASS INFORMATION SYSTEMS INC (CASS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CASS INFORMATION SYSTEMS INC (CASS) has a book value per share of $18.06, based on its most recent annual SEC filing.