Analysts have raised their fair value estimate for OFX Group from $1.22 to $1.37. This change reflects improved revenue growth forecasts and a slight reduction in the anticipated discount rate.
What's in the News
- OFX is expanding its partnership with Thredd to grow its presence in the US and select APAC markets. The company will offer integrated card, FX, and payments solutions for business clients (Client Announcements).
- OFX Group Limited (ASX:OFX) was removed from both the S&P/ASX Small Ordinaries and S&P/ASX 300 indices (Index Constituent Drops).
- The Board of Directors has authorized a share buyback plan, approving the repurchase of up to 23,312,221 shares, which represents nearly 10% of the company’s issued capital. The buyback program will run until August 18, 2026, and is intended for capital management purposes (Buyback Transaction Announcements).
Valuation Changes
- The Fair Value Estimate has increased from A$1.22 to A$1.37.
- The Discount Rate has declined slightly from 7.41% to 7.30%.
- The Revenue Growth Forecast has risen modestly from 5.37% to 5.97%.
- The Net Profit Margin is expected to decrease from 9.81% to 9.24%.
- The Future Price-to-Earnings (P/E) Ratio is now higher at 14.31x, compared to 12.28x previously.
Disclaimer
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