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Also traded in: Germany, South Africa

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 8.82
UEPS's Cash-to-Debt is ranked higher than
67% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 1.28 vs. UEPS: 8.82 )
Ranked among companies with meaningful Cash-to-Debt only.
UEPS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23  Med: N/A Max: 100370.5
Current: 8.82
0.23
100370.5
Equity-to-Asset 0.45
UEPS's Equity-to-Asset is ranked lower than
51% of the 684 Companies
in the Global Business Services industry.

( Industry Median: 0.50 vs. UEPS: 0.45 )
Ranked among companies with meaningful Equity-to-Asset only.
UEPS' s Equity-to-Asset Range Over the Past 10 Years
Min: -48.39  Med: 0.49 Max: 0.83
Current: 0.45
-48.39
0.83
Interest Coverage 49.44
UEPS's Interest Coverage is ranked higher than
58% of the 608 Companies
in the Global Business Services industry.

( Industry Median: 24.33 vs. UEPS: 49.44 )
Ranked among companies with meaningful Interest Coverage only.
UEPS' s Interest Coverage Range Over the Past 10 Years
Min: 2.91  Med: 31.13 Max: No Debt
Current: 49.44
Piotroski F-Score: 8
Altman Z-Score: 2.39
Beneish M-Score: -2.36
WACC vs ROIC
14.24%
21.28%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating Margin % 18.89
UEPS's Operating Margin % is ranked higher than
86% of the 690 Companies
in the Global Business Services industry.

( Industry Median: 5.95 vs. UEPS: 18.89 )
Ranked among companies with meaningful Operating Margin % only.
UEPS' s Operating Margin % Range Over the Past 10 Years
Min: 5.12  Med: 19.95 Max: 43.45
Current: 18.89
5.12
43.45
Net Margin % 14.19
UEPS's Net Margin % is ranked higher than
85% of the 691 Companies
in the Global Business Services industry.

( Industry Median: 3.91 vs. UEPS: 14.19 )
Ranked among companies with meaningful Net Margin % only.
UEPS' s Net Margin % Range Over the Past 10 Years
Min: 0.77  Med: 13.94 Max: 35.09
Current: 14.19
0.77
35.09
ROE % 16.64
UEPS's ROE % is ranked higher than
75% of the 667 Companies
in the Global Business Services industry.

( Industry Median: 8.66 vs. UEPS: 16.64 )
Ranked among companies with meaningful ROE % only.
UEPS' s ROE % Range Over the Past 10 Years
Min: 0.87  Med: 17.5 Max: 27.9
Current: 16.64
0.87
27.9
ROA % 7.10
UEPS's ROA % is ranked higher than
71% of the 705 Companies
in the Global Business Services industry.

( Industry Median: 3.48 vs. UEPS: 7.10 )
Ranked among companies with meaningful ROA % only.
UEPS' s ROA % Range Over the Past 10 Years
Min: 0.42  Med: 6.75 Max: 20.89
Current: 7.1
0.42
20.89
ROC (Joel Greenblatt) % 79.59
UEPS's ROC (Joel Greenblatt) % is ranked higher than
75% of the 691 Companies
in the Global Business Services industry.

( Industry Median: 22.74 vs. UEPS: 79.59 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
UEPS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.65  Med: 91.93 Max: 1367.31
Current: 79.59
28.65
1367.31
3-Year Revenue Growth Rate 7.50
UEPS's 3-Year Revenue Growth Rate is ranked higher than
64% of the 550 Companies
in the Global Business Services industry.

( Industry Median: 4.50 vs. UEPS: 7.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
UEPS' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 15.7 Max: 497.3
Current: 7.5
0
497.3
3-Year EBITDA Growth Rate 28.70
UEPS's 3-Year EBITDA Growth Rate is ranked higher than
88% of the 476 Companies
in the Global Business Services industry.

( Industry Median: 5.60 vs. UEPS: 28.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
UEPS' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 2.7 Max: 28.7
Current: 28.7
0
28.7
3-Year EPS without NRI Growth Rate 82.80
UEPS's 3-Year EPS without NRI Growth Rate is ranked higher than
97% of the 430 Companies
in the Global Business Services industry.

( Industry Median: 7.10 vs. UEPS: 82.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
UEPS' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -65.8  Med: 2.6 Max: 192.4
Current: 82.8
-65.8
192.4
GuruFocus has detected 2 Warning Signs with Net 1 UEPS Technologies Inc $UEPS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» UEPS's 30-Y Financials

Financials (Next Earnings Date: 2017-08-05 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

UEPS Guru Trades in Q2 2016

Jeremy Grantham 252,741 sh (+30.89%)
Paul Tudor Jones 26,023 sh (+16.21%)
IVA International Fund 2,266,837 sh (+11.61%)
Jim Simons 1,406,400 sh (-2.37%)
Charles de Vaulx 2,904,564 sh (-7.23%)
Chuck Royce 15,700 sh (-50.94%)
» More
Q3 2016

UEPS Guru Trades in Q3 2016

Paul Tudor Jones 35,387 sh (+35.98%)
Jim Simons 1,421,800 sh (+1.09%)
IVA International Fund 2,266,837 sh (unchged)
Chuck Royce 15,700 sh (unchged)
Charles de Vaulx 2,835,280 sh (-2.39%)
Jeremy Grantham 177,606 sh (-29.73%)
» More
Q4 2016

UEPS Guru Trades in Q4 2016

Paul Tudor Jones 40,817 sh (+15.34%)
Jim Simons 1,582,700 sh (+11.32%)
Chuck Royce 15,700 sh (unchged)
IVA International Fund 2,252,845 sh (-0.62%)
Charles de Vaulx 2,767,789 sh (-2.38%)
Jeremy Grantham 146,306 sh (-17.62%)
» More
Q1 2017

UEPS Guru Trades in Q1 2017

John Hussman 5,000 sh (New)
Charles Brandes 17,862 sh (New)
Jeremy Grantham 159,241 sh (+8.84%)
Jim Simons 1,457,200 sh (-7.93%)
Paul Tudor Jones 35,658 sh (-12.64%)
Chuck Royce 10,500 sh (-33.12%)
» More
» Details

Insider Trades

Latest Guru Trades with UEPS

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Business Description

Industry: Business Services » Business Services    NAICS: 561499    SIC: 7389
Compare:OTCPK:ITEPF, NAS:SP, NAS:FORR, OTCPK:ISVJF, NAS:RPXC, NAS:HCKT, NAS:CASS, NYSE:TISI, NAS:ASPS, NYSE:LKSD, NYSE:ATTO, NYSE:VEC, NYSE:CVEO, NYSE:CBZ, NAS:CCRC, NAS:GSOL, OTCPK:GAPFF, NAS:CRAI, OTCPK:DELRF, NYSE:RRD » details
Traded in other countries:NJPA.Germany, NT1.South Africa,
Headquarter Location:South africa
Net 1 UEPS Technologies Inc provides payment solutions and transaction processing services across multiple industries. The Company also provides financial services along with hardware solutions.

Net 1 Ueps Technologies is a South Africa-based company that provides payment solutions, transaction processing solutions, and financial technologies. The company operates through three segments. The South Africa transaction processing segment primarily comprises a welfare benefit distribution service provided to the South African government and transaction processing services for retailers, utilities, and others. The international transaction processing segment primarily consists of the company's operations in South Korea that involve providing payment-processing services. The financial inclusion and applied technologies segment provides short-term loans, smart card accounts, and other services. The company derives its revenue primarily from the South African and South Korean markets.

Top Ranked Articles about Net 1 UEPS Technologies Inc

Net1 Announces Adoption of $50 Million 10b5-1 Plan
JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 29, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it has adopted a Rule 10b5-1 plan (the "Plan") for the purpose of repurchasing approximately $50 million of its common stock. The Plan has been established in connection with the $100 million share repurchase program that was previously announced on February 4, 2016. A plan under Rule 10b5-1 allows a company to repurchase its shares at times when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. A broker selected by the Company will have the authority under the terms and limitations specified in the Plan to repurchase shares on the Company's behalf in accordance with the terms of the Plan. Because the repurchases under the Plan are subject to certain pricing parameters, there is no guarantee as to the exact number of shares that will be repurchased under the Plan, or that there will be any repurchases pursuant to the Plan. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States. Through Masterpayment, Net1 provides payment processing and enables working capital financing in Europe.UEPS permits the Company to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1's mobile technologies include its proprietary mobile payments solution -- MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.Forward-Looking StatementsThis announcement contains forward-looking statements that involve known and unknown risks and uncertainties, including statements regarding the intention to repurchase shares of common stock, the intended timing, amount and method of implementation of the stock repurchase program, and the expected compliance with the repurchases rules under the Securities Exchange Act of 1934. A discussion of various factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed in such forward-looking statements are included in our filings with the Securities and Exchange Commission. We undertake no obligation to revise any of these statements to reflect future events.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: 1-917-767-6722
Email: [email protected]



Read more...
Net1 Provides Update on Court Process Regarding Declaratory Order
JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 28, 2016) - June 28, 2016 - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that the declaratory order being sought by the Company regarding the interpretation of the Regulations to the Social Assistance Act has been set down for argument in the Gauteng Division, Pretoria of the High Court of South Africa on October 17 and 18, 2016.Today's court order prohibits the South African Social Security Agency ("SASSA") from making any representations to the South African Police Services and the National Prosecuting Authority regarding the criminal charges laid against the Company and Grindrod Bank for the alleged contravention of the Social Assistance Act pending the determination of the dispute, including the determination of any appeals. In addition, the order prevents SASSA from issuing further demands to the Company and Grindrod Bank to stop the processing of debit transactions against SASSA bank accounts pending the determination of the dispute, including the determination of any appeals. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States. Through Masterpayment, Net1 provides payment processing and enables working capital financing in Europe.UEPS permits the Company to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1's mobile technologies include its proprietary mobile payments solution - MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.Forward-Looking StatementsThis announcement contains forward-looking statements that involve known and unknown risks and uncertainties, including statements relating to the timing or substance of any High Court ruling. A discussion of various factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed in such forward-looking statements are included in our filings with the Securities and Exchange Commission. We undertake no obligation to revise any of these statements to reflect future events.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: 1-917-767-6722
Email: [email protected]



Read more...
Net1 Acquires Remaining Shares in Masterpayment and Finalizes Earn-Out Purchase Consideration
JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 17, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it exercised its option to acquire the remaining 40% of Masterpayment AG ("Masterpayment"), a specialist payment services processor based in Munich, Germany, and finalized the earn-out purchase consideration related to the transaction concluded in April 2016. Net1 now owns 100% of Masterpayment, having acquired 60% of Masterpayment in April 2016. "We believe there is an opportunity to accelerate the wider implementation of Masterpayment's business model across carefully selected markets," said Serge Belamant, Chairman and CEO of Net1. "We therefore decided to acquire the remaining 40% shareholding to ensure that the Masterpayment management team can be completely focused on the implementation of this strategy. As part of this transaction, Masterpayment's executive management have committed to five year employment agreements, including variable compensation aligned with the delivery of our strategic plan. We have committed to provide Masterpayment with the additional working capital required to drive the considerable expansion of their business activities over the next eighteen months, and we expect these initiatives to contribute meaningfully to our operating results during the 2018 fiscal year," he concluded. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States. Through Masterpayment, Net1 provides payment processing and enables working capital financing in Europe.UEPS permits the Company to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1's mobile technologies include its proprietary mobile payments solution -- MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.About Masterpayment (www.masterpayment.com)Masterpayment was founded in Germany in 2010 and has subsidiaries in Germany, the UK and Liechtenstein. Masterpayment combines the technical abilities of a payment service provider with the commercial leeway of a credit card acquirer and the financing possibilities of a regulated fully licensed bank through its banking partner, Bank Frick.Forward-Looking StatementsThis press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that the Company makes. Factors that might cause such differences include, but are not limited to: the risk that the Company's business and the Masterpayment business will not be integrated successfully; the possibility that the expected synergies from the acquisition will not be realized, or will not be realized within the expected time period; disruption from the acquisition making it more difficult to maintain business and operational relationships; and other factors, many of which are beyond the Company's control; and other important factors included in the Company's reports filed with the Securities and Exchange Commission, particularly in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2015, as such Risk Factors may be updated from time to time in subsequent reports. The Company does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: 1-917-767-6722
Email: [email protected]



Read more...
Net1 Comments on SASSA Charges
JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 15, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) announced today that the South African Social Security Agency ("SASSA") has brought criminal charges against it and Grindrod Bank Limited for failing to act in terms of the recently amended Regulations to the Social Assistance Act (the "Regulations") which limits the processing of deductions from bank accounts held by SASSA beneficiaries.SASSA's decision to file charges today follows the Company's announcement on June 3, 2016, that it had filed for a declaratory order with the South African High Court to provide certainty on the interpretation of the Regulations (the "application"). SASSA indicated that it will oppose the Company's application but has not yet filed an answering affidavit, which is due on June 20, 2016. The Company has already been joined in its application by several other industry participants, and the South African Reserve Bank (the "SARB") has also indicated that it will not oppose the application and will file an explanatory affidavit setting out its position concerning the effects that new regulations will have on the national payment system regulated by the SARB. It is not clear why SASSA has not yet filed similar criminal charges against the approximately 1,300 other financial institutions (including most of the major South African banks), who submitted debit orders against the bank accounts held by SASSA beneficiaries during the June payment cycle, or if it intends to do so in order to be consistent in its approach.The High Court hearing on the application has been scheduled for June 28, 2016. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States. Through Masterpayment, Net1 provides payment processing and enables working capital financing in Europe.UEPS permits the Company to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1's mobile technologies include its proprietary mobile payments solution -- MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.Forward-Looking StatementsThis announcement contains forward-looking statements that involve known and unknown risks and uncertainties, including statements relating to charges filed by SASSA and the timing or substance of any High Court ruling. A discussion of various factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed in such forward-looking statements are included in our filings with the Securities and Exchange Commission. We undertake no obligation to revise any of these statements to reflect future events.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: 1-917-767-6722
Email: [email protected]



Read more...
Net1 to Present at Baird Global Consumer, Technology & Services Conference
JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 06, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that Dhruv Chopra, Head of Investor Relations, will present at the Baird Global Consumer, Technology & Services Conference in New York City on June 8, 2016. Net1 will provide a live webcast on the audio-only presentation beginning at 2:35pm Eastern Time and will last approximately 30 minutes. The webcast and archived audio replay of the presentation will be available on the Investor Relations section of the Company's website at www.net1.com. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States. Through Masterpayment, Net1 provides payment processing and enables working capital financing in Europe.UEPS permits the Company to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1's mobile technologies include its proprietary mobile payments solution - MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: 1-917-767-6722
Email: [email protected]



Read more...
Net1 Files for Declaratory Order With South African High Court to Provide Certainty on Interpretation of Recent Regulations Adopted Under the Social Assistance Act
JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 03, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it has filed for a declaratory order with the High Court of the Republic of South Africa Gauteng Division, Pretoria, to provide certainty to the Company, as well as other industry stakeholders, on the interpretation of the Social Assistance Act of 2004 (the "Act") and recent Regulations promulgated in terms thereof (the "Regulations"). The Regulations limit direct deductions from social grants paid to beneficiaries. The Company interprets the meaning of the word "deductions" to be specific to the practice of collecting life insurance premiums from grants, before the grants are paid to social welfare beneficiaries' bank accounts, and is of the opinion that the legislature did not intend to curtail the right of beneficiaries to transact freely once the money is deposited into their bank accounts.Currently, grant beneficiaries effect more than 15 million debit transactions per month, involving more than 1,300 financial services and product providers. According to SASSA's statistics, 18,800 transactions were disputed during the 2015/16 fiscal year, which is far below the 0.5% industry benchmark for disputed transactions and represent less than 0.01% of all debit transactions processed during the period.However, SASSA seeks to lend a broader interpretation to the meaning of the term "deductions" to incorporate any debit orders, EFT debits, purchase transactions, or fund transfers that are effected after the transfer of social grants to beneficiaries' bank accounts. If SASSA's interpretation were to prevail, debit transactions could no longer be used as a method for beneficiaries to make regular payments for financial services such as insurance premiums, loan re-payments, cell phone contracts, money transfers or any other recurring payments. The Company believes that forcing beneficiaries to pay for these products or services in cash would be a major setback to the national objective of financial inclusiveness, introduce financial and security risks for beneficiaries and result in significant price increases for these products and services. The Company further believes that SASSA's interpretation of the Act and the Regulations is erroneous for a number of reasons including, but not limited to, its belief that such an interpretation violates beneficiaries' constitutional rights by limiting their fundamental right to enter into contracts and that such interpretation impermissibly encroaches on the jurisdiction and powers of the South African Reserve Bank and the Payments Association of South Africa, which regulate the national payment system. SASSA's interpretation effectively prohibits the social welfare recipient community from enjoying the benefits of a convenient, low-cost, reliable and ubiquitous payment system that enables the recipients to procure financial services at highly competitive rates. The Company expects the application to be heard before the end of June. About Net1 (www.net1.com)
Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States. Through Masterpayment, Net1 provides payment processing and enables working capital financing in Europe.UEPS permits the Company to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1's mobile technologies include its proprietary mobile payments solution - MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange. Forward-Looking Statements
This announcement contains forward-looking statements that involve known and unknown risks and uncertainties, including statements relating to the timing or substance of any High Court ruling. A discussion of various factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed in such forward-looking statements are included in our filings with the Securities and Exchange Commission. We undertake no obligation to revise any of these statements to reflect future events.
Investor Relations Contact:

Dhruv Chopra
Head of Investor Relations
Phone: 1-917-767-6722
Email: [email protected]



Read more...

Ratios

vs
industry
vs
history
PE Ratio 5.86
UEPS's PE Ratio is ranked higher than
93% of the 530 Companies
in the Global Business Services industry.

( Industry Median: 20.87 vs. UEPS: 5.86 )
Ranked among companies with meaningful PE Ratio only.
UEPS' s PE Ratio Range Over the Past 10 Years
Min: 4.79  Med: 12.69 Max: 146.33
Current: 5.86
4.79
146.33
PE Ratio without NRI 5.86
UEPS's PE Ratio without NRI is ranked higher than
93% of the 530 Companies
in the Global Business Services industry.

( Industry Median: 20.73 vs. UEPS: 5.86 )
Ranked among companies with meaningful PE Ratio without NRI only.
UEPS' s PE Ratio without NRI Range Over the Past 10 Years
Min: 4.79  Med: 12.69 Max: 146.33
Current: 5.86
4.79
146.33
Price-to-Owner-Earnings 5.14
UEPS's Price-to-Owner-Earnings is ranked higher than
92% of the 368 Companies
in the Global Business Services industry.

( Industry Median: 18.84 vs. UEPS: 5.14 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
UEPS' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 3.86  Med: 12.49 Max: 291.9
Current: 5.14
3.86
291.9
PB Ratio 0.92
UEPS's PB Ratio is ranked higher than
72% of the 661 Companies
in the Global Business Services industry.

( Industry Median: 2.29 vs. UEPS: 0.92 )
Ranked among companies with meaningful PB Ratio only.
UEPS' s PB Ratio Range Over the Past 10 Years
Min: 0.62  Med: 1.46 Max: 6.47
Current: 0.92
0.62
6.47
PS Ratio 0.82
UEPS's PS Ratio is ranked higher than
55% of the 660 Companies
in the Global Business Services industry.

( Industry Median: 1.22 vs. UEPS: 0.82 )
Ranked among companies with meaningful PS Ratio only.
UEPS' s PS Ratio Range Over the Past 10 Years
Min: 0.53  Med: 1.19 Max: 8.76
Current: 0.82
0.53
8.76
Price-to-Free-Cash-Flow 4.48
UEPS's Price-to-Free-Cash-Flow is ranked higher than
94% of the 326 Companies
in the Global Business Services industry.

( Industry Median: 20.27 vs. UEPS: 4.48 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
UEPS' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 3.77  Med: 10.04 Max: 88.59
Current: 4.48
3.77
88.59
Price-to-Operating-Cash-Flow 3.93
UEPS's Price-to-Operating-Cash-Flow is ranked higher than
92% of the 391 Companies
in the Global Business Services industry.

( Industry Median: 12.71 vs. UEPS: 3.93 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
UEPS' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.99  Med: 9.3 Max: 54.89
Current: 3.93
2.99
54.89
EV-to-EBIT 2.65
UEPS's EV-to-EBIT is ranked higher than
96% of the 707 Companies
in the Global Business Services industry.

( Industry Median: 16.41 vs. UEPS: 2.65 )
Ranked among companies with meaningful EV-to-EBIT only.
UEPS' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.1  Med: 7.15 Max: 34.3
Current: 2.65
2.1
34.3
EV-to-EBITDA 2.02
UEPS's EV-to-EBITDA is ranked higher than
96% of the 747 Companies
in the Global Business Services industry.

( Industry Median: 12.32 vs. UEPS: 2.02 )
Ranked among companies with meaningful EV-to-EBITDA only.
UEPS' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.6  Med: 4.8 Max: 16.7
Current: 2.02
1.6
16.7
PEG Ratio 0.32
UEPS's PEG Ratio is ranked higher than
94% of the 247 Companies
in the Global Business Services industry.

( Industry Median: 1.94 vs. UEPS: 0.32 )
Ranked among companies with meaningful PEG Ratio only.
UEPS' s PEG Ratio Range Over the Past 10 Years
Min: 0.22  Med: 2.4 Max: 103.38
Current: 0.32
0.22
103.38
Shiller PE Ratio 7.46
UEPS's Shiller PE Ratio is ranked higher than
89% of the 148 Companies
in the Global Business Services industry.

( Industry Median: 28.90 vs. UEPS: 7.46 )
Ranked among companies with meaningful Shiller PE Ratio only.
UEPS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.05  Med: 9.83 Max: 24.53
Current: 7.46
5.05
24.53
Current Ratio 1.65
UEPS's Current Ratio is ranked higher than
58% of the 660 Companies
in the Global Business Services industry.

( Industry Median: 1.57 vs. UEPS: 1.65 )
Ranked among companies with meaningful Current Ratio only.
UEPS' s Current Ratio Range Over the Past 10 Years
Min: 0.02  Med: 1.53 Max: 7.65
Current: 1.65
0.02
7.65
Quick Ratio 1.63
UEPS's Quick Ratio is ranked higher than
62% of the 660 Companies
in the Global Business Services industry.

( Industry Median: 1.40 vs. UEPS: 1.63 )
Ranked among companies with meaningful Quick Ratio only.
UEPS' s Quick Ratio Range Over the Past 10 Years
Min: 0.02  Med: 1.52 Max: 7.53
Current: 1.63
0.02
7.53
Days Inventory 14.32
UEPS's Days Inventory is ranked higher than
56% of the 422 Companies
in the Global Business Services industry.

( Industry Median: 20.69 vs. UEPS: 14.32 )
Ranked among companies with meaningful Days Inventory only.
UEPS' s Days Inventory Range Over the Past 10 Years
Min: 14.32  Med: 22 Max: 34.64
Current: 14.32
14.32
34.64
Days Sales Outstanding 73.77
UEPS's Days Sales Outstanding is ranked lower than
54% of the 524 Companies
in the Global Business Services industry.

( Industry Median: 59.50 vs. UEPS: 73.77 )
Ranked among companies with meaningful Days Sales Outstanding only.
UEPS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.32  Med: 42.79 Max: 73.77
Current: 73.77
31.32
73.77
Days Payable 17.06
UEPS's Days Payable is ranked lower than
80% of the 440 Companies
in the Global Business Services industry.

( Industry Median: 39.89 vs. UEPS: 17.06 )
Ranked among companies with meaningful Days Payable only.
UEPS' s Days Payable Range Over the Past 10 Years
Min: 17.06  Med: 27.55 Max: 49.26
Current: 17.06
17.06
49.26

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -6.60
UEPS's 3-Year Average Share Buyback Ratio is ranked lower than
72% of the 396 Companies
in the Global Business Services industry.

( Industry Median: -1.50 vs. UEPS: -6.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
UEPS' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -165.6  Med: -5.7 Max: 8
Current: -6.6
-165.6
8

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 2.30
UEPS's Price-to-Net-Current-Asset-Value is ranked higher than
64% of the 307 Companies
in the Global Business Services industry.

( Industry Median: 5.41 vs. UEPS: 2.30 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
UEPS' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.29  Med: 6.48 Max: 135
Current: 2.3
2.29
135
Price-to-Tangible-Book 1.52
UEPS's Price-to-Tangible-Book is ranked higher than
56% of the 524 Companies
in the Global Business Services industry.

( Industry Median: 2.75 vs. UEPS: 1.52 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
UEPS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.51  Med: 5.59 Max: 145.95
Current: 1.52
1.51
145.95
Price-to-Intrinsic-Value-Projected-FCF 0.46
UEPS's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
82% of the 339 Companies
in the Global Business Services industry.

( Industry Median: 1.45 vs. UEPS: 0.46 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
UEPS' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.19  Med: 0.59 Max: 5.25
Current: 0.46
0.19
5.25
Price-to-Intrinsic-Value-DCF (Earnings Based) 0.55
UEPS's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
92% of the 50 Companies
in the Global Business Services industry.

( Industry Median: 1.71 vs. UEPS: 0.55 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 0.69
UEPS's Price-to-Median-PS-Value is ranked higher than
80% of the 543 Companies
in the Global Business Services industry.

( Industry Median: 1.12 vs. UEPS: 0.69 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
UEPS' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.46  Med: 2.62 Max: 4170
Current: 0.69
0.46
4170
Price-to-Peter-Lynch-Fair-Value 0.33
UEPS's Price-to-Peter-Lynch-Fair-Value is ranked higher than
94% of the 154 Companies
in the Global Business Services industry.

( Industry Median: 1.53 vs. UEPS: 0.33 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
UEPS' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.23  Med: 0.67 Max: 8.95
Current: 0.33
0.23
8.95
Price-to-Graham-Number 0.63
UEPS's Price-to-Graham-Number is ranked higher than
78% of the 370 Companies
in the Global Business Services industry.

( Industry Median: 1.75 vs. UEPS: 0.63 )
Ranked among companies with meaningful Price-to-Graham-Number only.
UEPS' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.6  Med: 1.75 Max: 4.61
Current: 0.63
0.6
4.61
Earnings Yield (Greenblatt) % 37.50
UEPS's Earnings Yield (Greenblatt) % is ranked higher than
97% of the 888 Companies
in the Global Business Services industry.

( Industry Median: 5.13 vs. UEPS: 37.50 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
UEPS' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 2.9  Med: 14 Max: 46.7
Current: 37.5
2.9
46.7
Forward Rate of Return (Yacktman) % 29.00
UEPS's Forward Rate of Return (Yacktman) % is ranked higher than
85% of the 367 Companies
in the Global Business Services industry.

( Industry Median: 10.49 vs. UEPS: 29.00 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
UEPS' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 4.9  Med: 15.1 Max: 43.8
Current: 29
4.9
43.8

More Statistics

Revenue (TTM) (Mil) $606.3
EPS (TTM) $ 1.63
Beta1.11
Short Percentage of Float0.47%
52-Week Range $8.37 - 13.81
Shares Outstanding (Mil)57.59
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