PagSeguro Digital Ltd. (PAGS) stock analysis
Close on Nov 12, 2026Market cap $2.39BP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak4 of 30 checks passed
PagSeguro Digital passes 4 of the 30 checks behind our score; 21 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 0/6
- Past performance
- 2/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Earnings grew over 5 years
Net income grew 10.4% a year on average over the last five fiscal years.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 310% of total debt.
Net margin above the industry
PagSeguro Digital's net margin of 10.4% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Short-term assets cover short-term debts
Current assets are 1.36 times current liabilities.
What to watch
Revenue growing under 10% a year
Revenue grew 10.0% a year over the last three fiscal years, short of the 10% we look for.
Earnings growth not accelerating
Net income grew 0.1% over the last twelve months, against a 5-year average of 10.4% a year.
Growing slower than the industry
Revenue grew 8.5% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Net margin below its 5-year average
Net margin was 10.4% over the last twelve months, against a 5-year average of 10.6%.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth0/6
Revenue growing under 10% a year
Revenue grew 10.0% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth not accelerating
Net income grew 0.1% over the last twelve months, against a 5-year average of 10.4% a year.
Growing slower than the industry
Revenue grew 8.5% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings grew over 5 years
Net income grew 10.4% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 10.4% over the last twelve months, against a 5-year average of 10.6%.
Net margin above the industry
PagSeguro Digital's net margin of 10.4% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 310% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.36 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
PagSeguro Digital has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for PagSeguro Digital. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $48.82M
- Value traded per 1% price move
- $15.09M
Downside
High risk
- Typical loss in a bad month
- 26.8%
- Volatility (annualized)
- 54%
- Sharpe ratio, 1 year
- -0.38
- Beta to the S&P 500 (5Y)
- 1.48
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.5% | +10.0% | +24.5% | +40.6% | |
| Net income | +0.1% | +12.1% | +10.4% | +50.7% | |
| Free cash flow | – | +38.5% | +59.6% | +62.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 14.9% | – | |
| Return on assets | – | 7.0% | 2.9% | |
| Current ratio | 1.32 | 1.66 | 1.36 | |
| Inventory turnover | – | 81.7× | – | |
| Capex to revenue | 0.2% | 22.3% | 5.1% | |
| Diluted shares | 262.29B | 329.81B | 298M |
Where the cash went
Fiscal 2021 to 2025, five years combined
PagSeguro Digital generated 19.43B BRL from operations and spent 8.87B BRL on capital expenditure, dividends and share buybacks. 59% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2021 | 11.2% | 0.39× | 2.69× | 11.8% |
| FY2020 | 19.0% | 0.37× | 2.13× | 14.9% |
| FY2019 | 23.9% | 0.44× | 1.79× | 18.8% |
| FY2018 | 21.0% | 0.55× | 2.11× | 24.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero2.12B BRL
- Cash generatingOperating cash flow above zero7.56B BRL
- Return on assets improvedROA up on the prior year3.8% → 2.9%
- Earnings backed by cashOperating cash flow above net income7.56B BRL vs 2.12B BRL
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.51 → 1.36
- No dilutionShare count did not rise320M → 298M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.34 → 0.28
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