ASX Stock Scores: The #3 ranked stock is a microcap paying double-digit yields

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This weekly series takes a closer look at individual stocks from the various scans. Today, we’re looking at QuickFee (QFE), which sits at #3 on Stock Rank, an overall ranking that factors in value, quality, momentum and growth.

QuickFee (QFE) is a $30 million fintech you’ve probably never heard of. It’s tiny and thinly traded, but its earnings profile and capital management might raise an eyebrow.

The company helps accounting and legal firms manage cash flow by giving their clients flexible ways to pay. Clients can settle invoices online or spread the cost over a three to 12-month payment plan, while the firm receives the full amount upfront.

A quick look at the FY26 result and FY27 guidance tells most of the story, with a fairly stable top line, margin expansion and room for meaningful capital management.

• Underlying revenue down 1% to $16.8 million

• EBITDA up 58% to $3.8 million

• Maiden NPAT of $3.7 million

• Final unfranked dividend of 0.5 cents per share, following interim dividend of 0.5 cents per share

• Cash of $8.3m at 30 June 2026, plus another $1.9m of restricted cash held in escrow

• FY27 EBTDA guidance of $4.5-5.5 million vs. $3.8m in FY26

  • Year-on-year growth of 18-45%, with the $5.0m midpoint implying a 32% increase

Capital return and dividends

In September 2025, QuickFee sold its US Pay Now business to Aiwyn for US$26.3 million (about A$40 million). It kept the higher-margin US finance business, which had a loan book of US$7.5 million at the time. The deal also set up an exclusive reseller channel, where Aiwyn now embeds QuickFee’s Pay Later lending options directly inside its own accounting practice portals.

With the sale proceeds in hand, QuickFee returned 7.5 cents per share to shareholders, or $28.4 million. Against the 12 cent close before the stock went ex-capital return, that’s a yield of about 62% (not a typo).

The price action on the ex-date (21-Nov) was the interesting part. The stock briefly fell 62%, or 7.5 cents to match the return, but finished the session down just 44% at 6.7 cents. Add back the 7.5 cents and holders were effectively sitting on 14.2 cents, about 18% above the prior close.

The most incredible thing was the price action on the ex-return of capital day (21-Nov), where the stock briefly dipped 62% (or down 7.5 cents to match the capital return amount) but finished the session down just 44% to 6.7 cents. That means you're effectively up 16% (6.7 cents plus 7.5 cents capital returns totals 14.2 cents vs. the prior close of 12 cents).

Since then, the shares have climbed around 16% and paid two dividends of 0.5 cents each, an interim on 3 March and a final on 28 August. On a total return basis, that’s roughly 32% since November.

Valuation and the special dividend

This brings us back to the FY26 result, where the midpoint of FY27 guidance ($5m) values the business at 6x EBITDA. There’s more cash on the way too as QuickFee plans to pay a special dividend of up to 1 cent per share in late 2026, once the escrowed funds from the US sale are released. At the current 7.8 cent share price, that’s another 12.8% yield. The company also updated its capital management policy in late 2025, committing to minimum dividends of 1 cent per share a year.

This might explain why the stock has held steady in recent months, while the S&P/ASX Emerging Companies Index fell around 18% between 25 August and 23 October. If the shares drift towards a six-cent handle, the 1 cent minimum dividend alone works out to a yield of 15-16%. Pretty insane stuff for a microcap.

The main catch (outside of the usual business/macro risks) is liquidity. The stock's 20-day average volume is just ~54,000 shares (around $4,200 a day), so getting in and out can be difficult.