The EML Payments Ltd (ASX: EML) share price has had a rocky 2021 when compared to its peer, Tyro Payments Ltd (ASX: TYR).
Since the start of the year, EML shares have tumbled around 7% while Tyro shares have soared above 20%.
This is despite the EML share price adding 3.46% during yesterday's market close, finishing at $3.89.
Let's take a look at the comparison between the two companies.
Compare the pair
While broader market volatility has played a part this year, the EML share price has suffered particularly in September.
In fact, the payments company's shares have fallen around 5% last month, while Tyro has gained 5%.
EML updated the market on Thursday, advising it has completed the acquisition of leading European payments provider, Sentenial. However, while the formal procurement was nothing unexpected, the company has been generally quiet since its full-year results in mid-August.
On the other hand, Tyro has also been silent on the news front, only reporting its usual weekly trading update. Although during late August, two brokers weighed in on the company's share price.
Analysts at Macquarie raised their price target for Tyro shares by 7.1% to $3.75. Investment firm, JPMorgan followed suit but cut its rating by 6.7% to $4.20. Based on the current share price of $3.89, this implies an upside of 7.4%.
It is worth noting though, EML shares did strongly rise throughout the year, before plummeting 45% in May. Regulatory concerns over the company's anti-money laundering financing compliance from the Central Bank of Ireland led investors to flee.
Since then, its shares have slowly been ticking upwards, but are well down from April 2021 levels. A complete contrast to Tyro shares which have moved higher throughout the year.
About the EML share price
When zooming out to share price performance over a 1 year period, EML shares have in fact travelled 35% higher. At current, the share price sits in the middle of its 52-week range of $2.47 to $5.89.
On valuation grounds, EML commands a market capitalisation of roughly $1.45 billion and has approximately 373 million shares on issue.
