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HiPay Valuation Multiples
Discover revenue and EBITDA valuation multiples for HiPay and similar public comparables like Rego Payment, Qliro, Transaction Media Networks, Usio and more.
HiPay Overview
About HiPay
Hipay Group SA provides payment solutions. The products include HiPay Fullservice, a single solution for online payments; HiPay Marketplace, a turnkey transaction management solution to ensure funds allocation and compliance with regulations; and HiPay Direct, a platform that offers online payments in a few clicks for startups and growing businesses.
Founded
2001
HQ

Employees
174
Website
Financials (LTM)
EV
$67M
HiPay Financials
HiPay reported last 12-month revenue of $89M and EBITDA of $10M.
In the same LTM period, HiPay generated $10M in EBITDA and $3M in net income.
Revenue (LTM)
HiPay P&L
In the most recent fiscal year, HiPay reported revenue of $88M and EBITDA of $15M.
HiPay expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $89M | XXX | $88M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $32M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $10M | XXX | $15M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $3M | XXX | $7M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $20M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HiPay Stock Performance
HiPay has current market cap of $49M, and enterprise value of $67M.
Market Cap Evolution
HiPay's stock price is $7.78.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $67M | $49M | 10.1% | XXX | XXX | XXX | $1.09 |
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Start Free TrialHiPay Valuation Multiples
HiPay trades at 0.8x EV/Revenue multiple, and 6.9x EV/EBITDA.
EV / Revenue (LTM)
HiPay Financial Valuation Multiples
As of April 18, 2026, HiPay has market cap of $49M and EV of $67M.
Equity research analysts estimate HiPay's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HiPay has a P/E ratio of 16.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $49M | XXX | $49M | XXX | XXX | XXX |
| EV (current) | $67M | XXX | $67M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 6.9x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBIT | 14.8x | XXX | 7.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.1x | XXX | XXX | XXX |
| P/E | 16.3x | XXX | 7.1x | XXX | XXX | XXX |
| EV/FCF | 16.3x | XXX | 12.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HiPay Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


HiPay Margins & Growth Rates
HiPay's revenue in the last 12 month grew by 4%.
HiPay's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
HiPay's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HiPay's rule of X is 21% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HiPay Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (35%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HiPay Public Comps
See public comps and valuation multiples for other Payment Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HiPay | XXX | XXX | XXX | XXX | XXX | XXX |
| Rego Payment | XXX | XXX | XXX | XXX | XXX | XXX |
| Qliro | XXX | XXX | XXX | XXX | XXX | XXX |
| Transaction Media Networks | XXX | XXX | XXX | XXX | XXX | XXX |
| Usio | XXX | XXX | XXX | XXX | XXX | XXX |
| Bango | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HiPay M&A Activity
HiPay acquired XXX companies to date.
Last acquisition by HiPay was on XXXXXXXX, XXXXX. HiPay acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HiPay
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHiPay Investment Activity
HiPay invested in XXX companies to date.
HiPay made its latest investment on XXXXXXXX, XXXXX. HiPay invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HiPay
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HiPay
| When was HiPay founded? | HiPay was founded in 2001. |
| Where is HiPay headquartered? | HiPay is headquartered in France. |
| How many employees does HiPay have? | As of today, HiPay has over 174 employees. |
| Is HiPay publicly listed? | Yes, HiPay is a public company listed on Euronext Paris. |
| What is the stock symbol of HiPay? | HiPay trades under ALHYP ticker. |
| When did HiPay go public? | HiPay went public in 2015. |
| Who are competitors of HiPay? | HiPay main competitors are Rego Payment, Qliro, Transaction Media Networks, Usio. |
| What is the current market cap of HiPay? | HiPay's current market cap is $49M. |
| What is the current revenue of HiPay? | HiPay's last 12 months revenue is $89M. |
| What is the current revenue growth of HiPay? | HiPay revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of HiPay? | Current revenue multiple of HiPay is 0.8x. |
| Is HiPay profitable? | Yes, HiPay is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HiPay? | HiPay's last 12 months EBITDA is $10M. |
| What is HiPay's EBITDA margin? | HiPay's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of HiPay? | Current EBITDA multiple of HiPay is 6.9x. |
| What is the current FCF of HiPay? | HiPay's last 12 months FCF is $4M. |
| What is HiPay's FCF margin? | HiPay's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of HiPay? | Current FCF multiple of HiPay is 16.3x. |
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