(CASS) Cass Information Systems - Overview
Sector: Industrials | Industry: Specialty Business Services | Exchange: NASDAQ (USA) | Market Cap: 587m USD | Total Return: 10.8% in 12m
Avg Turnover: 3.15M
EPS Trend: -24.6%
Qual. Beats: 0
Rev. Trend: -53.7%
Qual. Beats: 0
Warnings
Altman Z'' -4.22 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Cass Information Systems, Inc. (CASS) is a specialized provider of payment and information processing services for large-scale manufacturing, distribution, and retail enterprises. The company operates through two primary segments: Information Services and Banking Services. Its core business focuses on processing and auditing freight, utility, and telecommunications invoices, while its banking subsidiary, Cass Commercial Bank, provides commercial lending and deposit services to privately held businesses and non-profit organizations.
The company functions within the B2B fintech sector, where it manages complex payables and generates data-driven transportation and accounting insights for its clients. Unlike traditional banks, CASS utilizes a business model that integrates specialized payment software with a commercial banking charter, allowing it to hold the funds used for invoice settlement and earn interest income on those balances.
For a more detailed look at the companys valuation metrics, consider reviewing the latest data on ValueRay.
Founded in 1906 and headquartered in St. Louis, Missouri, the firm also provides niche software solutions for church management and generosity platforms. Its infrastructure includes a B2B payment platform designed for clients requiring agile fintech integration alongside traditional commercial banking products such as industrial and real estate loans.
- Rising interest rates increase net interest margin on customer payment floats
- Freight volume fluctuations directly impact transaction-based processing revenue and margins
- Expansion of B2B fintech payment platforms drives long-term software service growth
- Corporate energy consumption trends dictate facility expense management service demand
- Credit quality within the commercial real estate loan portfolio affects banking profitability
| Net Income: 35.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.80 > 1.0 |
| NWC/Revenue: -885.7% < 20% (prev 94.91%; Δ -980.6% < -1%) |
| CFO/TA 0.01 > 3% & CFO 30.4m > Net Income 35.0m |
| Net Debt (-99.3m) to EBITDA (46.0m): -2.16 < 3 |
| Current Ratio: 0.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.2m) vs 12m ago -3.38% < -2% |
| Gross Margin: 93.11% > 18% (prev 0.85%; Δ 9.23k% > 0.5%) |
| Asset Turnover: 8.29% > 50% (prev 8.96%; Δ -0.67% > 0%) |
| Interest Coverage Ratio: 2.41 > 6 (EBITDA TTM 46.0m / Interest Expense TTM 16.1m) |
| A: -0.70 (Total Current Assets 509.9m - Total Current Liabilities 2.29b) / Total Assets 2.53b |
| B: 0.07 (Retained Earnings 171.8m / Total Assets 2.53b) |
| C: 0.02 (EBIT TTM 38.8m / Avg Total Assets 2.43b) |
| D: 0.07 (Book Value of Equity 149.4m / Total Liabilities 2.29b) |
| Altman-Z'' = -4.22 = D |
| DSRI: 0.13 (Receivables 4.95m/40.5m, Revenue 201.2m/207.7m) |
| GMI: 0.91 (GM 93.11% / 84.77%) |
| AQI: 2.57 (AQ_t 0.79 / AQ_t-1 0.31) |
| SGI: 0.97 (Revenue 201.2m / 207.7m) |
| TATA: 0.00 (NI 35.0m - CFO 30.4m) / TA 2.53b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 46.03 with a total of 102,664 shares traded.
Over the past week, the price has changed by -1.01%,
over one month by -1.14%,
over three months by +4.46% and
over the past year by +10.75%.
Cass Information Systems has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy CASS.
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 52 | 13% |
P/E Trailing = 19.4957
P/E Forward = 18.622
P/S = 2.8089
P/B = 2.4258
Revenue TTM = 201.2m USD
EBIT TTM = 38.8m USD
EBITDA TTM = 46.0m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 145.0m USD (from shortTermDebt, last quarter)
Debt = 145.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -99.3m USD (calculated: Debt 145.0m - CCE 244.3m)
Enterprise Value = 487.8m USD (587.2m + Debt 145.0m - CCE 244.3m)
Interest Coverage Ratio = 2.41 (Ebit TTM 38.8m / Interest Expense TTM 16.1m)
EV/FCF = 19.18x (Enterprise Value 487.8m / FCF TTM 25.4m)
FCF Yield = 5.21% (FCF TTM 25.4m / Enterprise Value 487.8m)
FCF Margin = 12.64% (FCF TTM 25.4m / Revenue TTM 201.2m)
Net Margin = 17.39% (Net Income TTM 35.0m / Revenue TTM 201.2m)
Gross Margin = 93.11% ((Revenue TTM 201.2m - Cost of Revenue TTM 13.9m) / Revenue TTM)
Gross Margin QoQ = none% (prev 92.96%)
Tobins Q-Ratio = 0.19 (Enterprise Value 487.8m / Total Assets 2.53b)
Interest Expense / Debt = 11.10% (Interest Expense 16.1m / Debt 145.0m)
Taxrate = 19.70% (2.14m / 10.9m)
NOPAT = 31.1m (EBIT 38.8m * (1 - 19.70%))
Current Ratio = 0.22 (Total Current Assets 509.9m / Total Current Liabilities 2.29b)
Debt / Equity = 0.60 (Debt 145.0m / totalStockholderEquity, last quarter 241.8m)
Debt / EBITDA = -2.16 (Net Debt -99.3m / EBITDA 46.0m)
Debt / FCF = -3.91 (Net Debt -99.3m / FCF TTM 25.4m)
Total Stockholder Equity = 242.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.44% (Net Income 35.0m / Total Assets 2.53b)
RoE = 14.44% (Net Income TTM 35.0m / Total Stockholder Equity 242.3m)
RoCE = 16.00% (EBIT 38.8m / Capital Employed (Equity 242.3m + L.T.Debt 0.0))
RoIC = 8.94% (NOPAT 31.1m / Invested Capital 348.3m)
WACC = 8.89% (E(587.2m)/V(732.2m) * Re(8.88%) + D(145.0m)/V(732.2m) * Rd(11.10%) * (1-Tc(0.20)))
Discount Rate = 8.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -77.78 | Cagr: -1.87%
[DCF] Terminal Value 71.11% ; FCFF base≈32.0m ; Y1≈28.0m ; Y5≈22.7m
[DCF] Fair Price = 33.68 (EV 334.1m - Net Debt -99.3m = Equity 433.5m / Shares 12.9m; r=8.89% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -24.64 | EPS CAGR: -5.40% | SUE: 0.20 | # QB: 0
Revenue Correlation: -53.72 | Revenue CAGR: -0.97% | SUE: -0.07 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=+10.45% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.80 | Chg30d=+8.11% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.00 | Chg30d=+6.76% | Revisions=+20% | GrowthEPS=+29.9% | GrowthRev=+5.6%
EPS next Year (2027-12-31): EPS=3.55 | Chg30d=+1.43% | Revisions=+20% | GrowthEPS=+18.3% | GrowthRev=+5.5%