ZYBERNO
Stock Report
Updated Aug 30, 2026

LESAKA TECHNOLOGIES, INC. (LSAK)

Financial Services • NASDAQ

$4.61

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
32.0/100
WEAK BUSINESS
LESAKA TECHNOLOGIES, INC. (LSAK) scores 32/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
Business Model Limitation
LESAKA TECHNOLOGIES, INC. operates in the Functions Related To Depository Banking, NEC industry. Owner Earnings-based DCF analysis — the foundation of both the Margin of Safety and the Brina Gap — is not well-suited to companies whose business model is structurally built around leverage: banks, insurers, mortgage companies, and REITs. These businesses are typically valued using sector-specific metrics such as Price-to-Book, Price-to-FFO, or Net Asset Value. Treat these signals as directional only.
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
+14.2%
Undervalued
Growth gap unavailable — insufficient data for reverse DCF calculation.
🎯 Expected Annual Return
22.9%
Margin of Safety convergence — your return if the market re-prices to intrinsic value (5-yr annualised)
2.7%
Yield + growth — what the business alone earns you, even if the market never re-rates
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-15.9%)
Debt-to-Equity (Solvency Risk):POOR (1.13x)
Operating Margin (Operational Efficiency):CRITICAL (-3.1%)
Return on Capital (Capital Efficiency):CRITICAL (-2.9%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

LESAKA TECHNOLOGIES, INC. (LSAK) stock report — Zyberno Score 32/100 (WEAK BUSINESS), Margin of Safety +14.2%, 23% expected annual return. Full financial analysis on Zyberno.

According to Zyberno's DCF model, LESAKA TECHNOLOGIES, INC. (LSAK) trades at $4.61 against an estimated intrinsic value per share of $5.37 — a +14.2% Margin of Safety based on Owner Earnings of $13.70M TTM, projected at 100.0% growth for 10 years with a 2.5% terminal growth rate. Zyberno's model translates this into a 5-year expected return of 22.9% annually.

Over the trailing twelve months, LSAK generated $13.70M in Owner Earnings. Capital was deployed as follows: $40.00K returned via share buybacks, $15.40M invested in capital expenditures. Reinvestment rate: 32.8%. Owner Earnings have grown at 100.0% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:4.61
Market Cap:$365.57M

Valuation Multiples (3)

P/B Ratio:1.96x
P/S Ratio:0.52x
Peg Ratio:-999.00x

Enterprise Metrics (3)

Enterprise Value:$560.65M
Ev Ebitda Ratio:21.55x
Pfcf Ratio:27.56x

Price Action & Momentum (3)

Momentum Percentile:54 / 100
% of 52-Week High:83.2%
B. Profitability Assessment

Return Metrics (5)

ROA:-4.3%
Reinvestment Rate:32.8%
Fundamental Growth Rate (g):-0.9%

Margin Analysis (3)

Operating Margin Ttm:-3.1%
Net Margin Ttm:-4.1%
Ebitda Margin:3.7%

TTM Performance (3)

Gross Margin Ttm:30.9%
Operating Margin Ttm:-3.1%
Net Margin Ttm:-4.1%

Yield Metrics (3)

Earnings Yield:-$8.40
Owner Earnings Yield:$3.63
Dividend Yield:0.0%
C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

EPS Surprise vs Expected:103.6%
Latest Earnings Filed:2026-05-06

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):11.4%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):100.0%
Operating Cash Flow Growth Rate (Linear):87.0%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):68.7%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:1.54x
Quick Ratio:1.44x
Cash Ratio:0.51x

Leverage Analysis (3)

Debt To Equity Ttm:1.13x
Debt-to-Equity Ratio:1.13x
Debt To Ebitda:10.98x

Coverage Ratios (2)

Interest Coverage Ratio:-1.47x
Times Interest Earned:-1.47

Capital Structure (4)

Working Capital:95,761,000.00
Cash And Cash Equivalents:90,573,000.00
Long Term Debt:$186.24M
Net Debt:$195.08M
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $701.70M
Linear Growth: 11.4%
📊 Click to view full LSAK Revenue analysis & methodology →
Cost Of Revenue Ttm:$484.98M

Profitability Breakdown (2)

Gross profit TTM: $216.72M
Linear Growth: 29.4%
📊 Click to view full LSAK Gross Profit analysis & methodology →
Operating income TTM: -$21.78M
Linear Growth: 68.7%
📊 Click to view full LSAK Operating Income analysis & methodology →

Bottom Line Performance (3)

-$28.87M
Income Before Tax:-$36.39M
Ebitda Ttm:26,015,000.00

Operating Expenses (5)

Operating Expenses:0.00
R And D Expense:500,000.00
Sga Expense:149,010,000.00
Income Tax Expense:-$6.90M
Interest Expense:18,436,000.00

Expense Ratios (3)

R And D To Revenue Percentage:0.3%
Sga To Revenue Percentage:81.4%
Ebitda Margin:3.7%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$674.95M
Current Assets:$274.52M
Ppe Net:44,749,000.00
Goodwill:207,123,000.00
Intangible Assets:$124.03M

Liability Structure (4)

Total Liabilities:488,329,000.00
Current Liabilities:178,757,000.00
Long Term Debt:$186.24M
Short Term Debt:$99.41M

Equity & Capital (3)

Equity:$186.63M
Retained Earnings:$218.26M
Common Stock:200,000,000.00

Working Capital Items (3)

Accounts Receivable:45,483,000.00
Inventory:17,494,000.00
Accounts Payable:19,362,000.00

Special Items (2)

Contract Liabilities:0.00
Stock Based Compensation:1,334,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $29.10M
Linear Growth: 87.0%
Free cash flow TTM: $13.70M
Linear Growth: 100.0%
📊 Click to view full LSAK Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$9.75M
Capital Expenditures Ttm:15,399,000.00

Financing Activities (3)

Financing Cash Flow:-$3.50M
Dividends Paid Ttm:0.00
Stock Repurchase:40,000.00

Capital Transactions (3)

Common Stock Issuance:0.00
Long Term Debt Issuance:$0.00
Long Term Debt Repayments:$10.20M

Non-Cash Items (1)

Depreciation Amortization Ttm:47,798,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.40
-$0.40
Earnings Per Share Ttm:-$0.36

Revenue & Cash Per Share (3)

Sales Per Share Ttm:8.85
Operating Cash Flow Per Share:-$0.12
Fcf Per Share Ttm:0.17

Book Value & Capital (2)

Book Value Per Share:$2.35
Cash Per Share:1.14

Dividend Policy (1)

Dividend Payout Ratio:-999.00x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:1.04x
Working Capital Turnover Ttm:7.33x

Receivables Management (2)

Receivables Turnover Ttm:15.43x
Days Sales Outstanding Ttm:23.66

Inventory Management (2)

Inventory Turnover Ttm:27.72x
Days Inventory Outstanding Ttm:13.17

Payables & Cash Cycle (2)

Days Payable Outstanding:14.57
Cash Conversion Cycle:22.25
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:60.00
Quality Score:30.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $13.70M
Linear Growth: 100.0%
📊 Click to view full LSAK Owner Earnings analysis & methodology →
Owner Earnings Per Share:$0.17
Owner Earnings Yield:$3.63

Growth Assessment (1)

Owner Earnings Growth Rate:$100.00

Damodaran Growth Analysis (2)

Reinvestment Rate:32.8%
Fundamental Growth Rate (g):-0.9%

Intrinsic Value Models (1)

Return Scenarios (2)

Investment Assessment (1)

Buffett Assessment:Fair value
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (2)

Revenue Growth Rate (Linear):11.4%
Operating Income Growth Rate (Linear):68.7%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):100.0%
Operating Cash Flow Growth Rate (Linear):87.0%

Other Growth Rates (3)

Gross Profit Growth Rate (Linear):29.4%
Book Value Growth Rate (Linear):-4.7%
Owner Earnings Growth Rate:$100.00
C. Company Profile & Context

Corporate Information (6)

Symbol:LSAK
Company Name:LESAKA TECHNOLOGIES, INC.
Sector:Financial Services
Industry:Functions Related To Depository Banking, NEC
Exchange:NASDAQ
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:low
Volume Category:N/A

Share Structure (3)

Shares Outstanding:79.30M
Shares Outstanding Basic:79.30M
Shares Outstanding Diluted:79.48M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-08-30 18:04:47 UTC
Data Timestamp:2026-08-17T17:26:16.054488
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