Cass Information Systems Inc Common Stock (CASS)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking for a business I can understand, with durable economics and a price that offers a margin of safety. Cass processes freight and utility invoices and runs a banking segment. Its niche can be sticky - once customers embed invoice workflow, switching is costly - but this is not a wide-moat franchise. The numbers show a solid but slowing enterprise. In fiscal 2025, the year ended 2025-12-31, revenue was $108.0 million, net income $35.1 million, and diluted EPS $2.61. In fiscal 2024, revenue was $109.9 million, net income $19.2 million, and diluted EPS $1.39. So profit jumped, but revenue actually slipped slightly. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $27.4 million, net income $10.6 million, and diluted EPS $0.81; a year earlier in fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $27.2 million, net income $8.9 million, and diluted EPS $0.66. Profit is moving, revenue is not. FairStock calls it a slow grower: profit 6.9% a year over five years, revenue 1.8%. At the close on 2026-10-13, the price was $53.71. FairStock's P/E is 19.39, P/B 2.81, dividend yield 2.34%, ROE 15.13%, ROCE 1.63%, and D/E 0.34. Free cash flow was $41.9 million, a 6.1% FCF yield, and the Piotroski F-Score is 7/9. But its Graham Number is $34.55, giving a -55.46% margin of safety, and the Altman Z-Score of 0.30 is very low. I see a decent cash-generating business, but the price already reflects much of the good news. I would want a wider discount before calling it a value opportunity.

In plain English: Cass helps manufacturers and retailers pay and track bills like freight and utility invoices, and it also runs a bank. The business is profitable, produces steady cash, and has low debt, but it is growing slowly. The stock price looks high compared with the company's profits and assets, so it does not look like a bargain by old-fashioned value rules.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer