(CASS) Cass Information Systems - Overview
Stock: Payment Processing, Banking Services, Invoice Management, Expense Management
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.91% |
| Yield on Cost 5y | 4.24% |
| Yield CAGR 5y | 3.48% |
| Payout Consistency | 99.8% |
| Payout Ratio | 54.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.2% |
| Relative Tail Risk | -8.49% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.37 |
| Alpha | -0.24 |
| Character TTM | |
|---|---|
| Beta | 0.574 |
| Beta Downside | 0.464 |
| Drawdowns 3y | |
|---|---|
| Max DD | 30.38% |
| CAGR/Max DD | -0.02 |
Description: CASS Cass Information Systems December 26, 2025
Cass Information Systems, Inc. (NASDAQ:CASS) is a St. Louis-based provider of payment- and information-processing solutions for manufacturers, distributors and retailers across the United States, operating through two primary segments: Information Services and Banking Services.
The Information Services segment delivers freight invoice rating, payment processing, auditing, and transportation-data analytics, while also offering telecom-expense management, church-management software, and a generosity platform for faith-based and non-profit entities. The Banking Services segment, via Cass Commercial Bank, supplies demand, savings, time and money-market deposits, as well as commercial, industrial, real-estate and construction loans, plus cash-management tools to privately held businesses, restaurant franchises and ministries.
In FY 2023 the company generated $1.03 billion in revenue, posting a net income of $45 million and an operating margin of roughly 6.5%. Its loan portfolio stood at $1.2 billion, while deposits exceeded $1.8 billion, and B2B payment volumes grew 12 % year-over-year, reflecting strong demand for agile fintech solutions.
Key drivers for Cass include the broader digitization of supply-chain finance, accelerating e-commerce freight activity, and a relatively high-interest-rate environment that boosts net interest income on its banking side but also pressures borrowing costs for its commercial-loan customers.
For a deeper, data-driven assessment of CASS’s valuation and risk profile, you may find ValueRay’s analytical tools worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 35.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.11 > 1.0 |
| NWC/Revenue: 52.87% < 20% (prev -204.7%; Δ 257.6% < -1%) |
| CFO/TA 0.02 > 3% & CFO 51.2m > Net Income 35.1m |
| Net Debt (-392.3m) to EBITDA (44.1m): -8.89 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.2m) vs 12m ago -3.64% < -2% |
| Gross Margin: 86.92% > 18% (prev 0.85%; Δ 8607 % > 0.5%) |
| Asset Turnover: 8.14% > 50% (prev 8.63%; Δ -0.49% > 0%) |
| Interest Coverage Ratio: 1.76 > 6 (EBITDA TTM 44.1m / Interest Expense TTM 16.3m) |
Altman Z'' 0.62
| A: 0.04 (Total Current Assets 1.23b - Total Current Liabilities 1.12b) / Total Assets 2.61b |
| B: 0.06 (Retained Earnings 167.1m / Total Assets 2.61b) |
| C: 0.01 (EBIT TTM 28.8m / Avg Total Assets 2.50b) |
| D: 0.06 (Book Value of Equity 148.1m / Total Liabilities 2.36b) |
| Altman-Z'' Score: 0.62 = B |
Beneish M -3.34
| DSRI: 0.06 (Receivables 69.4m/1.12b, Revenue 203.5m/206.7m) |
| GMI: 0.97 (GM 86.92% / 84.60%) |
| AQI: 1.84 (AQ_t 0.52 / AQ_t-1 0.28) |
| SGI: 0.98 (Revenue 203.5m / 206.7m) |
| TATA: -0.01 (NI 35.1m - CFO 51.2m) / TA 2.61b) |
| Beneish M-Score: -3.34 (Cap -4..+1) = AA |
What is the price of CASS shares?
Over the past week, the price has changed by -0.15%, over one month by +11.51%, over three months by +13.43% and over the past year by +10.01%.
Is CASS a buy, sell or hold?
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CASS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 50 | 7.9% |
| Analysts Target Price | 50 | 7.9% |
| ValueRay Target Price | 48.5 | 4.7% |
CASS Fundamental Data Overview February 09, 2026
P/S = 2.9496
P/B = 2.4789
Revenue TTM = 203.5m USD
EBIT TTM = 28.8m USD
EBITDA TTM = 44.1m USD
Long Term Debt = unknown (none)
Short Term Debt = 833.0k USD (from shortTermDebt, two quarters ago)
Debt = 8.54m USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -392.3m USD (from netDebt column, last quarter)
Enterprise Value = -542.7m USD (611.8m + Debt 8.54m - CCE 1.16b)
Interest Coverage Ratio = 1.76 (Ebit TTM 28.8m / Interest Expense TTM 16.3m)
EV/FCF = -12.12x (Enterprise Value -542.7m / FCF TTM 44.8m)
FCF Yield = -8.25% (FCF TTM 44.8m / Enterprise Value -542.7m)
FCF Margin = 22.01% (FCF TTM 44.8m / Revenue TTM 203.5m)
Net Margin = 17.25% (Net Income TTM 35.1m / Revenue TTM 203.5m)
Gross Margin = 86.92% ((Revenue TTM 203.5m - Cost of Revenue TTM 26.6m) / Revenue TTM)
Gross Margin QoQ = 92.96% (prev 85.88%)
Tobins Q-Ratio = -0.21 (set to none) (Enterprise Value -542.7m / Total Assets 2.61b)
Interest Expense / Debt = 45.60% (Interest Expense 3.90m / Debt 8.54m)
Taxrate = 18.01% (1.80m / 9.99m)
NOPAT = 23.6m (EBIT 28.8m * (1 - 18.01%))
Current Ratio = 1.10 (Total Current Assets 1.23b / Total Current Liabilities 1.12b)
Debt / Equity = 0.04 (Debt 8.54m / totalStockholderEquity, last quarter 243.0m)
Debt / EBITDA = -8.89 (Net Debt -392.3m / EBITDA 44.1m)
Debt / FCF = -8.76 (Net Debt -392.3m / FCF TTM 44.8m)
Total Stockholder Equity = 240.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.40% (Net Income 35.1m / Total Assets 2.61b)
RoE = 14.61% (Net Income TTM 35.1m / Total Stockholder Equity 240.4m)
RoCE = 1.94% (EBIT 28.8m / Capital Employed (Total Assets 2.61b - Current Liab 1.12b))
RoIC = 9.04% (EBIT 28.8m / (Assets 2.61b - Curr.Liab 1.12b - Cash 1.16b))
WACC = 8.43% (E(611.8m)/V(620.4m) * Re(8.03%) + D(8.54m)/V(620.4m) * Rd(45.60%) * (1-Tc(0.18)))
Discount Rate = 8.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.97%
[DCF Debug] Terminal Value 77.25% ; FCFF base≈32.7m ; Y1≈34.3m ; Y5≈40.1m
Fair Price DCF = 80.44 (EV 643.0m - Net Debt -392.3m = Equity 1.04b / Shares 12.9m; r=8.43% [WACC]; 5y FCF grow 5.37% → 2.90% )
EPS Correlation: -30.82 | EPS CAGR: 0.88% | SUE: -0.12 | # QB: 0
Revenue Correlation: 46.97 | Revenue CAGR: 4.11% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.62 | Chg30d=-0.020 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=2.81 | Chg30d=-0.090 | Revisions Net=-1 | Growth EPS=+21.6% | Growth Revenue=+4.3%
EPS next Year (2027-12-31): EPS=3.50 | Chg30d=+0.150 | Revisions Net=+1 | Growth EPS=+24.6% | Growth Revenue=+6.0%