Stock fact sheet · data as of
Lesaka Technologies, Inc. (LSAK): fair value, margin of safety and Wheel Score
Technology · Software - Infrastructure · South Africa · High Growth
Is LSAK undervalued?
Lesaka Technologies, Inc. (LSAK) closed at 4.45 on 16 Oct 2026, 58% above the GLS average fair value of 2.82. 6 of the 7 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between Lynch (0.1562) and 10 Cap (10.44). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files LSAK under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for LSAK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 1.80 | -59% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 0.6301 | -86% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.1562 | -96% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.39 | -46% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 10.44 | +135% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 3.87 | -13% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 0.4340 | -90% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.72 | -139% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 7.56 | +70% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Lesaka Technologies, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 2.8/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.5%, ROE 1.0%, ROA 0.4% - with debt at 0.90 times equity and a free-cash-flow yield of 8.4%.
Lesaka Technologies, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Other Products And Services 68%, Insurance Revenue 32% (quarter Q4 FY2026).
Institutional ownership scores 3/10, insider activity 6/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 0.5% |
|---|---|---|---|
| GLS Moat | 2.8 / 10 | ROE | 1.0% |
| Debt / equity | 0.90 | ROA | 0.4% |
| Free-cash-flow yield | 8.4% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 6 · 5 / 10 |
Wheel Score 40: Weak
With a Wheel Score of 40 Lesaka Technologies, Inc. sits in the Weak band. The parts - Value 0/25, Health 13/20, Moat 4/15, Premium 14/20, Stability 9/20 - show where: Value (0/25) scores lowest.
Implied volatility is 85% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (14 of 20) because volatility this high usually comes with a reason. Chain open interest is 9,981 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 250k shares a day on a market cap of $382M, with a beta of 0.33 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -58% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 4 / 15 | moat 2.8/10 | |
| Premium | 14 / 20 | implied volatility 85% | |
| Stability | 9 / 20 | 250k shares/day, $382M cap, beta 0.33 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to Lesaka Technologies, Inc. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| ALLT Allot Ltd. | 9.04 | 8.73 | -4% | 54Fair | $446M |
| IMXI International Money Express, Inc. | 10.58 | 12.13 | +13% | 51Fair | $320M |
| KDK Kodiak AI, Inc. Common Stock | 1.59 | 0.0769 | -1968% | 31Weak | $319M |
| KPLT Katapult Holdings, Inc. | 5.78 | 108.69 | +95% | 39No options | $490M |
| PSFE Paysafe Limited | 5.55 | 132.69 | +96% | 45Weak | $290M |
| BKKT Bakkt Holdings, Inc. | 5.90 | - | - | 34Weak | $266M |
| MOVE Corvex, Inc. | 8.41 | - | - | 35Weak | $265M |
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Start free See the Sunday ScanQuestions about LSAK
Is LSAK undervalued right now?
No: at 4.45 the stock trades 58% above the GLS average fair value of 2.82 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of LSAK and what does it mean?
LSAK scores 40 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for LSAK?
2.82 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Lesaka Technologies, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does LSAK have listed options, and how liquid are they?
Yes. The nightly snapshot found 34 listed contracts with 9,981 open interest across all expiries and implied volatility of 85% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.