PayPoint (LSE: PAY) is one of the UK’s most overlooked and undervalued businesses. In a world where fintech companies, even those racking up huge losses, can attract multi-billion-pound valuations, PayPoint is languishing at a market value of around £440m and trading at a forward price-to-earnings (p/e) multiple of 8.6. It seems the market is struggling to understand how PayPoint works and the vital role it plays.
Filling a niche
PayPoint fills an interesting gap in the market between fintech and the world of cash payments. As well as offering point-of-sale systems for
