(FOUR) Shift4 Payments - NYSE
Sector: Technology | Industry: Software - Infrastructure | Exchange: NYSE (USA) | Market Cap: 4.297m USD | Total Return: -51.4% in 12m
Avg Turnover: 73.6M
EPS Trend: 78.1%
Qual. Beats: 0
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Altman Z'' 0.65 < 1.0 - financial distress zone
Overextended 3d
Tailwinds
No distinct edge detected
Shift4 Payments is a U.S.-headquartered provider of integrated payment processing and commerce software, serving merchants domestically and internationally. The companys platform supports omnichannel card acceptance across a wide range of payment methods, including major card networks (Visa, Mastercard, Europay), contactless and mobile wallets (Apple Pay, Google Pay, Alipay, WeChat Pay), and QR-based payments.
Beyond core processing, Shift4 offers a broad software stack covering point-of-sale (SkyTab POS, Mobile, and Venue), business intelligence and customer engagement (Lighthouse), e-commerce (Shift4Shop), a cryptocurrency donation marketplace (The Giving Block), and a marketplace for third-party integrations. It complements these products with merchant onboarding, underwriting, risk management, training, and partner support services.
Distribution is conducted through independent software vendors, in-house sales teams, enterprise accounts, and value-added resellers, reflecting a B2B2C model common in the payment processing sector where ISV partnerships are a key growth channel. The company was founded in 1999 and is headquartered in Center Valley, Pennsylvania, and has been listed on the NYSE since its 2020 IPO.
- End-to-end payment volume surges on hospitality and sports wins
- Global Blue acquisition expands international merchant base and margins
- Interest income headwind emerges as Fed pivots to rate cuts
| Net Income: 102.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -2.41 > 1.0 |
| NWC/Revenue: 8.42% < 20% (prev 14.05%; Δ -5.63% < -1%) |
| CFO/TA 0.08 > 3% & CFO 671.7m > Net Income 102.1m |
| Net Debt (3.41b) to EBITDA (855.4m): 3.99 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (73.6m) vs 12m ago -18.81% < -2% |
| Gross Margin: 35.11% > 18% (prev 30.02%; Δ 5.09% > 0.5%) |
| Asset Turnover: 64.72% > 50% (prev 69.38%; Δ -4.66% > 0%) |
| Interest Coverage Ratio: 1.65 > 6 (EBIT TTM 372.9m / Interest Expense TTM 226.2m) |
| A: 0.04 (Total Current Assets 2.06b - Total Current Liabilities 1.69b) / Total Assets 8.76b |
| B: -0.07 (Retained Earnings -644.0m / Total Assets 8.76b) |
| C: 0.05 (EBIT TTM 372.9m / Avg Total Assets 6.88b) |
| D: 0.24 (Book Value of Equity 1.65b / Total Liabilities 6.98b) |
| Altman-Z'' = 0.65 = B |
| DSRI: 1.64 (Receivables 694.0m/330.6m, Revenue 4.45b/3.47b) |
| GMI: 0.86 (GM 30.02% / 35.11%) |
| AQI: 1.22 (AQ_t 0.75 / AQ_t-1 0.62) |
| SGI: 1.28 (Revenue 4.45b / 3.47b) |
| TATA: -0.07 (NI 102.1m - CFO 671.7m) / TA 8.76b) |
| Beneish M = -2.31 (Cap -4..+1) = BBB |
As of June 27, 2026, the stock is trading at USD 47.65 with a total of 3,648,483 shares traded. Over the past week, the price has changed by +20.94%, over one month by +11.36%, over three months by -1.57% and over the past year by -51.40%.
Current recommended Stop Loss: 43.90 (which is 7.9% or 1.4 ATR below the current price).
Shift4 Payments has received a consensus analysts rating of 4.35. Therefore, it is recommended to buy FOUR.
- StrongBuy: 13
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 61.2 | 28.3% |
P/E Trailing = 49.8276
P/E Forward = 6.93
P/S = 0.965
P/B = 1.8558
P/EG = 0.2772
Revenue TTM = 4.45b USD
EBIT TTM = 372.9m USD
EBITDA TTM = 855.4m USD
Long Term Debt = 4.51b USD (from longTermDebt, last quarter)
Short Term Debt = 28.0m USD (from shortTermDebt, last quarter)
Debt = 4.64b USD (from shortLongTermDebtTotal, last quarter) + Leases 60.0m
Net Debt = 3.41b USD (calculated: Debt 4.64b - CCE 1.23b)
Enterprise Value = 7.71b USD (4.30b + Debt 4.64b - CCE 1.23b)
Interest Coverage Ratio = 1.65 (Ebit TTM 372.9m / Interest Expense TTM 226.2m)
EV/FCF = 12.53x (Enterprise Value 7.71b / FCF TTM 615.5m)
FCF Yield = 7.98% (FCF TTM 615.5m / Enterprise Value 7.71b)
FCF Margin = 13.82% (FCF TTM 615.5m / Revenue TTM 4.45b)
Net Margin = 2.29% (Net Income TTM 102.1m / Revenue TTM 4.45b)
Gross Margin = 35.11% ((Revenue TTM 4.45b - Cost of Revenue TTM 2.89b) / Revenue TTM)
Gross Margin QoQ = 34.97% (prev 37.85%)
Tobins Q-Ratio = 0.88 (Enterprise Value 7.71b / Total Assets 8.76b)
Interest Expense / Debt = 4.87% (Interest Expense 226.2m / Debt 4.64b)
Taxrate = 18.52% (31.7m / 171.2m)
NOPAT = 303.9m (EBIT 372.9m * (1 - 18.52%))
Current Ratio = 1.22 (Total Current Assets 2.06b / Total Current Liabilities 1.69b)
Debt / Equity = 2.81 (Debt 4.64b / totalStockholderEquity, last quarter 1.65b)
Debt / EBITDA = 3.99 (Net Debt 3.41b / EBITDA 855.4m)
Debt / FCF = 5.55 (Net Debt 3.41b / FCF TTM 615.5m)
Total Stockholder Equity = 1.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.48% (Net Income 102.1m / Total Assets 8.76b)
RoE = 6.42% (Net Income TTM 102.1m / Total Stockholder Equity 1.59b)
RoCE = 6.11% (EBIT 372.9m / Capital Employed (Equity 1.59b + L.T.Debt 4.51b))
RoIC = 4.42% (NOPAT 303.9m / Invested Capital 6.88b)
WACC = 7.87% (E(4.30b)/V(8.94b) * Re(12.08%) + D(4.64b)/V(8.94b) * Rd(4.87%) * (1-Tc(0.19)))
Discount Rate = 12.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 28.89 | Cagr: 10.31%
[DCF] Terminal Value 77.97% ; FCFF base≈558.3m ; Y1≈640.0m ; Y5≈941.9m
[DCF] Fair Price = 135.7 (EV 14.2b - Net Debt 3.41b = Equity 10.8b / Shares 79.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 78.13 | EPS CAGR: 21.05% | SUE: -0.77 | # QB: 0
Revenue Correlation: 99.85 | Revenue CAGR: 27.38% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.24 | Chg30d=-1.14% | Revisions=-64% | Analysts=20
EPS next Quarter (2026-09-30): EPS=1.63 | Chg30d=-0.67% | Revisions=+45% | Analysts=20
EPS current Year (2026-12-31): EPS=5.59 | Chg30d=+0.24% | Revisions=+8% | GrowthEPS=+8.2% | GrowthRev=+21.9%
EPS next Year (2027-12-31): EPS=6.76 | Chg30d=+1.29% | Revisions=+0% | GrowthEPS=+20.9% | GrowthRev=+13.8%
[Analyst] Revisions Ratio: -64%