Overview Dividends

(CASS) Cass Information Systems - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US14808P1093

Payment, Invoice, Banking, Freight, Telecom

CASS EPS (Earnings per Share)

EPS Growth (3Y CAGR): 1.08%
EPS Trend (3Y Correlation): -29.4%

CASS Revenue

Revenue Growth (3Y CAGR): 0.31%
Revenue Trend (3Y Correlation): 30.3%

Description: CASS Cass Information Systems October 23, 2025

Cass Information Systems, Inc. (NASDAQ:CASS) delivers payment-and-information processing solutions to U.S. manufacturers, distributors and retailers, operating through two segments: Information Services (freight invoice rating, telecom expense management, church-management software, and B2B fintech platforms) and Banking Services via its subsidiary Cass Commercial Bank (deposits, commercial loans, and cash-management for privately held firms, restaurant franchises and faith-based entities).

According to the company’s FY 2023 Form 10-K, total revenue was approximately $1.2 billion, representing a 5 % year-over-year increase driven primarily by growth in its fintech-as-a-service offering; adjusted EBITDA stood at $150 million (≈12.5 % margin), while cash on hand exceeded $200 million, providing liquidity to fund organic expansion and modest acquisition opportunities.

Key drivers for Cass’s outlook include (1) the continued acceleration of B2B digital payments, which the World Bank estimates will grow at ~9 % CAGR through 2027, (2) supply-chain digitization trends that raise demand for automated freight-invoice rating and auditing services, and (3) the sensitivity of its banking franchise to interest-rate cycles-higher rates can boost net interest margin but may also compress loan-demand in the construction and commercial-real-estate segments.

For a deeper, data-centric view of Cass’s valuation dynamics and scenario analysis, you might explore the company’s profile on ValueRay.

CASS Stock Overview

Market Cap in USD	521m
Sub-Industry	Data Processing & Outsourced Services
IPO / Inception	1996-07-01

CASS Stock Ratings

Growth Rating	3.75%
Fundamental	44.1%
Dividend Rating	58.6%
Return 12m vs S&P 500	-19.0%
Analyst Rating	4.0 of 5

CASS Dividends

Dividend Yield 12m	3.14%
Yield on Cost 5y	3.44%
Annual Growth 5y	2.88%
Payout Consistency	99.8%
Payout Ratio	55.4%

CASS Growth Ratios

Growth Correlation 3m	-70.6%
Growth Correlation 12m	-25%
Growth Correlation 5y	49.3%
CAGR 5y	1.19%
CAGR/Max DD 3y (Calmar Ratio)	0.04
CAGR/Mean DD 3y (Pain Ratio)	0.09
Sharpe Ratio 12m	-0.17
Alpha	-16.28
Beta	0.466
Volatility	27.73%
Current Volume	287.6k
Average Volume 20d	76.2k
Stop Loss	38.2 (-3.4%)
Signal	0.74

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (31.5m TTM) > 0 and > 6% of Revenue (6% = 12.3m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA 0.08pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -51.02% (prev -313.5%; Δ 262.4pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.02 (>3.0%) and CFO 38.7m > Net Income 31.5m (YES >=105%, WARN >=100%)

Net Debt (-258.6m) to EBITDA (34.5m) ratio: -7.49 <= 3.0 (WARN <= 3.5)

Current Ratio 0.91 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (13.4m) change vs 12m ago -2.81% (target <= -2.0% for YES)

Gross Margin 78.66% (prev 87.99%; Δ -9.33pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 8.69% (prev 9.53%; Δ -0.83pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.00 (EBITDA TTM 34.5m / Interest Expense TTM 17.5m) >= 6 (WARN >= 3)

Altman Z'' 0.05

(A) -0.04 = (Total Current Assets 1.03b - Total Current Liabilities 1.13b) / Total Assets 2.45b

(B) 0.07 = Retained Earnings (Balance) 163.0m / Total Assets 2.45b

(D) 0.06 = Book Value of Equity 141.4m / Total Liabilities 2.21b

Total Rating: 0.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.09

1. Piotroski 3.0pt = -2.0

2. FCF Yield -6.96% = -3.48

3. FCF Margin 15.20% = 3.80

4. Debt/Equity 0.03 = 2.50

5. Debt/Ebitda -7.49 = 2.50

6. ROIC - WACC (= -8.91)% = -11.14

7. RoE 13.31% = 1.11

8. Rev. Trend 30.33% = 2.27

9. EPS Trend -29.41% = -1.47

What is the price of CASS shares?

As of November 01, 2025, the stock is trading at USD 39.53 with a total of 287,618 shares traded.
Over the past week, the price has changed by +1.23%, over one month by +0.51%, over three months by -0.49% and over the past year by -1.67%.

Is Cass Information Systems a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Cass Information Systems (NASDAQ:CASS) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 44.09 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CASS is around 37.03 USD . This means that CASS is currently overvalued and has a potential downside of -6.32%.

Is CASS a buy, sell or hold?

Cass Information Systems has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy CASS.

Strong Buy: 0
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CASS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	47	18.9%
Analysts Target Price	47	18.9%
ValueRay Target Price	41	3.6%

CASS Fundamental Data Overview October 25, 2025

Market Cap USD = 521.1m (521.1m USD * 1.0 USD.USD)
P/E Trailing = 19.5198
P/S = 2.3704
P/B = 2.1512
Beta = 0.466
Revenue TTM = 205.0m USD
EBIT TTM = 17.5m USD
EBITDA TTM = 34.5m USD
Long Term Debt = unknown (none)
Short Term Debt = 1.34m USD (from shortTermDebt, last fiscal year)
Debt = 7.43m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -258.6m USD (from netDebt column, last quarter)
Enterprise Value = -447.5m USD (521.1m + Debt 7.43m - CCE 976.0m)
Interest Coverage Ratio = 1.00 (Ebit TTM 17.5m / Interest Expense TTM 17.5m)
FCF Yield = -6.96% (FCF TTM 31.2m / Enterprise Value -447.5m)
FCF Margin = 15.20% (FCF TTM 31.2m / Revenue TTM 205.0m)
Net Margin = 15.38% (Net Income TTM 31.5m / Revenue TTM 205.0m)
Gross Margin = 78.66% ((Revenue TTM 205.0m - Cost of Revenue TTM 43.7m) / Revenue TTM)
Gross Margin QoQ = 93.73% (prev 91.48%)
Tobins Q-Ratio = -0.18 (set to none) (Enterprise Value -447.5m / Total Assets 2.45b)
Interest Expense / Debt = 62.09% (Interest Expense 4.61m / Debt 7.43m)
Taxrate = 46.07% (2.40m / 5.22m)
NOPAT = 9.45m (EBIT 17.5m * (1 - 46.07%))
Current Ratio = 0.91 (Total Current Assets 1.03b / Total Current Liabilities 1.13b)
Debt / Equity = 0.03 (Debt 7.43m / totalStockholderEquity, last quarter 243.4m)
Debt / EBITDA = -7.49 (Net Debt -258.6m / EBITDA 34.5m)
Debt / FCF = -8.30 (Net Debt -258.6m / FCF TTM 31.2m)
Total Stockholder Equity = 236.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 31.5m / Total Assets 2.45b)
RoE = 13.31% (Net Income TTM 31.5m / Total Stockholder Equity 236.9m)
RoCE = 1.32% (EBIT 17.5m / Capital Employed (Total Assets 2.45b - Current Liab 1.13b))
RoIC = -1.29% (NOPAT 9.45m / Invested Capital -732.6m)
WACC = 7.62% (E(521.1m)/V(528.5m) * Re(7.73%) + (debt cost/tax rate unavailable))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -1.30%
[DCF Debug] Terminal Value 78.54% ; FCFE base≈29.4m ; Y1≈30.0m ; Y5≈32.9m
Fair Price DCF = 43.92 (DCF Value 580.4m / Shares Outstanding 13.2m; 5y FCF grow 1.53% → 3.0% )
EPS Correlation: -29.41 | EPS CAGR: 1.08% | SUE: 0.37 | # QB: 0
Revenue Correlation: 30.33 | Revenue CAGR: 0.31% | SUE: 0.06 | # QB: 0

Additional Sources for CASS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle