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CASS - Cass Information Sys...

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Cass Information Systems, Inc.

CASS

NASDAQ

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as checking, savings, and time deposit accounts; commercial, industrial, and real estate loans; and cash management services to privately-owned businesses and faith-related ministries. Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and leased facilities in Fenton, Missouri and Colorado Springs, Colorado. The company was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. Cass Information Systems, Inc. was founded in 1906 and is headquartered in St. Louis, Missouri.

40.91 USD

0.015 (0.03667%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

144.96M

154.02M

183.83M

213.23M

199.19M

216.63M

235.59M

256.21M

278.64M

303.03M

Revenue %

-

6.25

19.35

15.99

-6.58

8.75

8.75

8.75

8.75

Ebitda

41.61M

-

-

58.59M

-

24.34M

26.47M

28.79M

31.31M

34.05M

Ebitda %

28.71

-

-

27.48

-

11.24

11.24

11.24

11.24

Ebit

-76.17M

-121.37M

-144.41M

53.62M

-5.99M

-81.35M

-88.47M

-96.22M

-104.64M

-113.8M

Ebit %

-52.55

-78.8

-78.56

25.15

-3.01

-37.55

-37.55

-37.55

-37.55

Depreciation

117.78M

121.37M

144.41M

4.97M

5.99M

105.69M

114.94M

125.01M

135.95M

147.85M

Depreciation %

81.26

78.8

78.56

2.33

3.01

48.79

48.79

48.79

48.79

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

782.52M

1.19B

955.41M

372.47M

349.73M

216.63M

235.59M

256.21M

278.64M

303.03M

Total Cash %

539.83

771.59

519.74

174.68

175.58

100

100

100

100

Receivables

-

4.99M

95.78M

110.65M

55.91M

58.62M

63.75M

69.33M

75.4M

82M

Receivables %

-

3.24

52.1

51.89

28.07

27.06

27.06

27.06

27.06

Inventories

-209.2M

514.93M

296.72M

-

-

43.33M

47.12M

51.24M

55.73M

60.61M

Inventories %

-144.32

334.33

161.41

-

-

20

20

20

20

Payable

835.39M

1.05B

1.07B

1.07B

1.15B

216.63M

235.59M

256.21M

278.64M

303.03M

Payable %

576.3

682

580.77

502.45

576.98

100

100

100

100

Cap Ex

-2M

-4.37M

-5.87M

-14.32M

-

-6.12M

-6.66M

-7.24M

-7.87M

-8.56M

Cap Ex %

-1.38

-2.84

-3.19

-6.72

-

-2.83

-2.83

-2.83

-2.83

Weighted Average Cost Of Capital

Price

40.91

Beta

Diluted Shares Outstanding

13.78M

Costof Debt

3.72

Tax Rate

After Tax Cost Of Debt

2.94

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

0

Total Equity

563.66M

Total Capital

563.66M

Debt Weighting

0

Equity Weighting

100

Wacc

6.13

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

144.96M

154.02M

183.83M

213.23M

199.19M

216.63M

235.59M

256.21M

278.64M

303.03M

Ebitda

41.61M

-

-

58.59M

-

24.34M

26.47M

28.79M

31.31M

34.05M

Ebit

-76.17M

-121.37M

-144.41M

53.62M

-5.99M

-81.35M

-88.47M

-96.22M

-104.64M

-113.8M

Tax Rate

20.86

20.86

20.86

20.86

20.86

20.86

20.86

20.86

20.86

20.86

Ebiat

-63.21M

-102.65M

-117.49M

43.15M

-4.74M

-66.47M

-72.28M

-78.61M

-85.49M

-92.98M

Depreciation

117.78M

121.37M

144.41M

4.97M

5.99M

105.69M

114.94M

125.01M

135.95M

147.85M

Receivables

-

4.99M

95.78M

110.65M

55.91M

58.62M

63.75M

69.33M

75.4M

82M

Inventories

-209.2M

514.93M

296.72M

-

-

43.33M

47.12M

51.24M

55.73M

60.61M

Payable

835.39M

1.05B

1.07B

1.07B

1.15B

216.63M

235.59M

256.21M

278.64M

303.03M

Cap Ex

-2M

-4.37M

-5.87M

-14.32M

-

-6.12M

-6.66M

-7.24M

-7.87M

-8.56M

Ufcf

1.1B

-499.76M

165.67M

319.41M

133.9M

-945.59M

46.04M

50.07M

54.46M

59.22M

Wacc

6.13

6.13

6.13

6.13

6.13

Pv Ufcf

-890.97M

40.88M

41.89M

42.92M

43.98M

Sum Pv Ufcf

-721.3M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6.13

Free Cash Flow T1

60.41M

Terminal Value

1.46B

Present Terminal Value

1.09B

Intrinsic Value

Enterprise Value

365.87M

Net Debt

-19.33M

Equity Value

385.2M

Diluted Shares Outstanding

13.78M

Equity Value Per Share

27.96

Projected DCF

27.96 -0.463%

DCF Levered

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