Payments Provider Zip Could be About to Re-rate

Dow Jones

Jul 03

0128 GMT - With shares of its U.S.-listed peers rising, Australian payments provider Zip could be set for a re-rate, according to its bull at Unified Capital Partners. Analyst Jonathan Higgins reckons that Zip is now the cheapest of the so-called buy-now-pay-later providers and has the potential to rally materially. He tells clients in a note that ASX-listed Zip is trading at about 10 times annual cash earnings, compared to an average multiple of close to 20 across peers including Sezzle and Affirm. With Zip's earnings increasingly skewed to the U.S. and its total-transaction-value yields similar to those at Affirm, Higgins sees no reason why the stock shouldn't re-rate soon. Unified has a buy rating on the stock and a target price of 4.85 Australian dollars. Shares are up 1.8% at A$3.145. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 02, 2026 21:28 ET (01:28 GMT)

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Analyst Jonathan Higgins reckons that Zip is now the cheapest of the so-called buy-now-pay-later providers and has the potential to rally materially. He tells clients in a note that ASX-listed Zip is trading at about 10 times annual cash earnings, compared to an average multiple of close to 20 across peers including <a href=\"https://laohu8.com/S/SZL.AU\">Sezzle</a> and <a href=\"https://laohu8.com/S/AFRM\">Affirm</a>. With Zip's earnings increasingly skewed to the U.S. and its total-transaction-value yields similar to those at Affirm, Higgins sees no reason why the stock shouldn't re-rate soon. Unified has a buy rating on the stock and a target price of 4.85 Australian dollars. Shares are up 1.8% at A$3.145. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2026 21:28 ET (01:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Payments Provider Zip Could be About to Re-rate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayments Provider Zip Could be About to Re-rate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-03 09:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0128 GMT - With shares of its U.S.-listed peers rising, Australian payments provider Zip could be set for a re-rate, according to its bull at Unified Capital Partners. Analyst Jonathan Higgins reckons that Zip is now the cheapest of the so-called buy-now-pay-later providers and has the potential to rally materially. He tells clients in a note that ASX-listed Zip is trading at about 10 times annual cash earnings, compared to an average multiple of close to 20 across peers including <a href=\"https://laohu8.com/S/SZL.AU\">Sezzle</a> and <a href=\"https://laohu8.com/S/AFRM\">Affirm</a>. With Zip's earnings increasingly skewed to the U.S. and its total-transaction-value yields similar to those at Affirm, Higgins sees no reason why the stock shouldn't re-rate soon. Unified has a buy rating on the stock and a target price of 4.85 Australian dollars. Shares are up 1.8% at A$3.145. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2026 21:28 ET (01:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZIP.AU","symbol_name":"Zip Co Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648632696","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648632696","pubTimestamp":1783042080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0128 GMT - With shares of its U.S.-listed peers rising, Australian payments provider Zip could be set for a re-rate, according to its bull at Unified Capital Partners. Analyst Jonathan Higgins reckons that Zip is now the cheapest of the so-called buy-now-pay-later providers and has the potential to rally materially. He tells clients in a note that ASX-listed Zip is trading at about 10 times annual cash earnings, compared to an average multiple of close to 20 across peers including Sezzle and Affirm. With Zip's earnings increasingly skewed to the U.S. and its total-transaction-value yields similar to those at Affirm, Higgins sees no reason why the stock shouldn't re-rate soon. Unified has a buy rating on the stock and a target price of 4.85 Australian dollars. Shares are up 1.8% at A$3.145.  Dow Jones NewswiresJuly 02, 2026 21:28 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZIP.AU":"Zip Co Ltd","BK7093":"消费信贷"},"translate_title":"支付提供商Zip可能即将重新评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZIP.AU":0.9},"content_text":"0128 GMT - With shares of its U.S.-listed peers rising, Australian payments provider Zip could be set for a re-rate, according to its bull at Unified Capital Partners. Analyst Jonathan Higgins reckons that Zip is now the cheapest of the so-called buy-now-pay-later providers and has the potential to rally materially. He tells clients in a note that ASX-listed Zip is trading at about 10 times annual cash earnings, compared to an average multiple of close to 20 across peers including Sezzle and Affirm. With Zip's earnings increasingly skewed to the U.S. and its total-transaction-value yields similar to those at Affirm, Higgins sees no reason why the stock shouldn't re-rate soon. Unified has a buy rating on the stock and a target price of 4.85 Australian dollars. Shares are up 1.8% at A$3.145. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2026 21:28 ET (01:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}