お知らせ • Jul 12
OP Fiduciary Pty Ltd acquired OpyPro SaaS business of Openpay Group Ltd for AUD 10 million. OP Fiduciary Pty Ltd acquired OpyPro SaaS business of Openpay Group Ltd for AUD 10 million on July 10, 2023. The consideration is payable as a reduction against the secured debt owing to OP Fiduciary. As part of the sale, six employees will transfer to the acquirer who will continue to operate the business as a going concern.OP Fiduciary Pty Ltd completed the acquisition of OpyPro SaaS business of Openpay Group Ltd on July 10, 2023. お知らせ • Feb 06
Openpay Group Ltd. Announces Resignation of Yaniv Meydan as Non-Executive Director Openpay Group Ltd. announced that Yaniv Meydan has tendered his resignation as non-executive director, effective 4 February 2023. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Chairman of the Board Patrick Tuttle was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Full year 2022 earnings released: AU$0.62 loss per share (vs AU$0.56 loss in FY 2021) Full year 2022 results: AU$0.62 loss per share (further deteriorated from AU$0.56 loss in FY 2021). Revenue: AU$34.2m (up 30% from FY 2021). Net loss: AU$82.5m (loss widened 31% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in Australia. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.62 loss per share (vs AU$0.56 loss in FY 2021) Full year 2022 results: AU$0.62 loss per share (down from AU$0.56 loss in FY 2021). Revenue: AU$34.2m (up 32% from FY 2021). Net loss: AU$82.5m (loss widened 31% from FY 2021). Over the next year, revenue is forecast to grow 53%, compared to a 30% growth forecast for the Consumer Finance industry in Australia. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Yaniv Meydan is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.32 loss per share (down from AU$0.24 loss in 1H 2021). Revenue: AU$15.0m (up 12% from 1H 2021). Net loss: AU$42.0m (loss widened 65% from 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 169%, compared to a 54% growth forecast for the industry in Australia. Breakeven Date Change • Feb 25
No longer forecast to breakeven The 2 analysts covering Openpay Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.40m in 2024. New consensus forecast suggests the company will make a loss of AU$9.00m in 2024. Breakeven Date Change • Sep 23
Forecast to breakeven in 2024 The 2 analysts covering Openpay Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$1.40m in 2024. Average annual earnings growth of 64% is required to achieve expected profit on schedule. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.56 loss per share (vs AU$0.52 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$26.3m (up 46% from FY 2020). Net loss: AU$63.1m (loss widened 78% from FY 2020). Breakeven Date Change • Jul 29
Forecast to breakeven in 2024 The 2 analysts covering Openpay Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$9.20m in 2024. Average annual earnings growth of 48% is required to achieve expected profit on schedule. Recent Insider Transactions • Jul 02
CEO, MD & Director recently bought AU$99k worth of stock On the 23rd of June, Michael Eidel bought around 65k shares on-market at roughly AU$1.52 per share. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of AU$332k worth in shares. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.24 loss per share (vs AU$0.38 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: AU$13.4m (up 63% from 1H 2020). Net loss: AU$25.5m (loss widened 60% from 1H 2020). Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 79%, compared to a 109% growth forecast for the Consumer Finance industry in Australia. Is New 90 Day High Low • Feb 17
New 90-day high: AU$3.16 The company is up 13% from its price of AU$2.80 on 19 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 64% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: AU$2.90 The company is up 9.0% from its price of AU$2.66 on 30 October 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 05
New 90-day low: AU$2.55 The company is down 26% from its price of AU$3.45 on 04 September 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is flat over the same period. Recent Insider Transactions • Nov 07
CEO, MD & Director recently bought AU$117k worth of stock On the 5th of November, Michael Eidel bought around 43k shares on-market at roughly AU$2.73 per share. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of AU$165k worth in shares. Is New 90 Day High Low • Oct 28
New 90-day low: AU$2.75 The company is down 21% from its price of AU$3.47 on 30 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is flat over the same period.