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LSAK 
Lesaka Technologies Inc (LSAK)
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Upturn Advisory Summary
12/02/2025: LSAK (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $8
1 Year Target Price $8
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -8.31% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/02/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 313.64M USD | Price to earnings Ratio - | 1Y Target Price 8 |
Price to earnings Ratio - | 1Y Target Price 8 | ||
Volume (30-day avg) 1 | Beta 0.58 | 52 Weeks Range 3.39 - 5.59 | Updated Date 12/2/2025 |
52 Weeks Range 3.39 - 5.59 | Updated Date 12/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.12 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-05 | When - | Estimate 0.04 | Actual 0.06 |
Profitability
Profit Margin -12.88% | Operating Margin (TTM) 0.28% |
Management Effectiveness
Return on Assets (TTM) 0.7% | Return on Equity (TTM) -48.42% |
Valuation
Trailing PE - | Forward PE 80.65 | Enterprise Value 470682540 | Price to Sales(TTM) 0.46 |
Enterprise Value 470682540 | Price to Sales(TTM) 0.46 | ||
Enterprise Value to Revenue 0.69 | Enterprise Value to EBITDA 13.27 | Shares Outstanding 84086399 | Shares Floating 47721639 |
Shares Outstanding 84086399 | Shares Floating 47721639 | ||
Percent Insiders 22.75 | Percent Institutions 39.33 |
Upturn AI SWOT
Lesaka Technologies Inc
Company Overview
History and Background
Lesaka Technologies, formerly Net1 UEPS Technologies, has evolved from providing payment solutions to unbanked populations in South Africa to focusing on fintech and embedded finance globally. Founded to address financial inclusion, it has adapted its business model to new technologies and market opportunities.
Core Business Areas
- Connect Group: Provides merchant solutions, including point-of-sale devices, merchant cash advances, and value-added services, primarily in South Africa.
- Kazang: Offers a digital distribution platform providing airtime, electricity, and other value-added services to micro-merchants and consumers in South Africa.
- Lesaka Platform: A technology platform enabling embedded finance and financial services to businesses and consumers, facilitating payments, lending, and other financial solutions.
Leadership and Structure
The company has a board of directors overseeing executive management. Key roles include the CEO, CFO, and heads of various business units. The organizational structure is designed to support its diverse operations across different regions.
Top Products and Market Share
Key Offerings
- Connect: Point-of-sale (POS) solutions for merchants, facilitating card and mobile payments. Market share data is difficult to pinpoint accurately, but it serves a significant portion of SMEs in South Africa. Competitors include Yoco and iKhokha.
- Kazang: Digital distribution platform for prepaid services like airtime and electricity. Competes with other prepaid vending solutions, with significant market penetration in informal settlements. Competitors include Blue Label Telecoms.
- EasyPay: Provides bill payment infrastructure. Market share data is not readily available. Competitors include Pay@ and several banks and financial institutions offering bill payment services.
Market Dynamics
Industry Overview
The fintech industry is experiencing rapid growth, driven by increasing demand for digital financial services, particularly in emerging markets. The embedded finance sector is also expanding, with businesses integrating financial services into their existing platforms.
Positioning
Lesaka is positioned as a provider of financial technology solutions for both merchants and consumers, particularly in underserved markets. Its competitive advantages include its established presence in South Africa and its technology platform.
Total Addressable Market (TAM)
The total addressable market for fintech and embedded finance is estimated to be in the trillions of dollars globally. Lesaka is positioned to capture a portion of this market through its existing operations and expansion into new regions and services.
Upturn SWOT Analysis
Strengths
- Established presence in South Africa
- Technology platform for embedded finance
- Diverse product portfolio
- Focus on underserved markets
Weaknesses
- Dependence on South African market
- Relatively small size compared to global competitors
- History of controversies (under Net1)
- Potential regulatory hurdles
Opportunities
- Expansion into new geographic markets
- Growth in embedded finance sector
- Partnerships with other technology companies
- Increased adoption of digital financial services
Threats
- Competition from larger fintech companies
- Changes in regulations
- Economic downturns in key markets
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- SQ
- PYPL
- GFS
Competitive Landscape
Lesaka faces competition from larger, more established fintech companies. It differentiates itself through its focus on underserved markets and its integrated technology platform. Its strengths are its localized knowledge but has to be more innovative than bigger players in the space.
Major Acquisitions
Connect Group
- Year: 2022
- Acquisition Price (USD millions): 368.1
- Strategic Rationale: Connect Group has a merchant base which enabled Lesaka to increase its customer footprint and offer diverse product and service offerings.
Growth Trajectory and Initiatives
Historical Growth: Lesaka's growth has been influenced by its transformation from Net1. Historical data reflects this shift in strategy.
Future Projections: Analyst estimates vary. Check recent reports for projections based on current market conditions and company strategy.
Recent Initiatives: Recent initiatives include expanding its embedded finance platform, targeting new markets, and developing new product offerings.
Summary
Lesaka Technologies is a fintech company with a focus on emerging markets. Its established presence in South Africa and technology platform are strengths, but it faces competition from larger players and dependence on a single market. The company is expanding its embedded finance platform and targeting new geographies, but it needs to continue to drive innovation in its target market to better compete. Overall Lesaka is a company to watch to see if it can successfully expand and deliver consistent returns.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports
- Market Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lesaka Technologies Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 1999-04-19 | CEO of Southern Africa & Director Mr. Lincoln Camagu Mali | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 3728 | Website https://www.lesakatech.com |
Full time employees 3728 | Website https://www.lesakatech.com | ||
Lesaka Technologies, Inc. provides financial technology (fintech) products and services through its platform in South Africa and internationally. It operates in three segments: Merchant, Consumer, and Enterprise. The company offers merchant solutions comprising merchant acquiring, integrated POS software and hardware for the hospitality industry, cash management and digitalization, and small cash advances and business credit solutions; and alternative digital products (ADP), including bill payments, international money transfers, and supplier enabled payments, as well as prepaid solutions for airtime, data, electricity, and gaming. It also provides low-cost EasyPay Everywhere transactional bank accounts, short-term personal loans, life and funeral insurance, and secure payout solutions; Adumo, a payments and commerce enablement platform that provides payment processing and integrated software solutions; and Recharger, a prepaid electricity platform that provides submetering administration and payment processing solutions. In addition, the company offers card acquiring, payment gateway, cash management, payment, digital wallet, and various value-added services. Further, it engages in the sale of POS devices, SIM cards, and other consumables; and the licensing of rights to use certain technology developed by the company. The company serves unbanked and underbanked consumers; small-to-medium and micro merchants; and corporate and government organizations, including banks, mobile network operators, and municipalities. The company was formerly known as Net 1 UEPS Technologies, Inc. and changed its name to Lesaka Technologies, Inc. in May 2022. Lesaka Technologies, Inc. was founded in 1989 and is headquartered in Johannesburg, South Africa.
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