OFX Group
Market Cap
AU$285.3m
Last Updated
2021/04/14 08:11 UTC
Data Sources
Company Financials
Executive Summary
OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, Asia, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has OFX Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OFX is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: OFX's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
OFX
0.04%
AU Diversified Financial
1.2%
AU Market
1 Year Return
-3.8%
OFX
4.5%
AU Diversified Financial
33.9%
AU Market
Return vs Industry: OFX underperformed the Australian Diversified Financial industry which returned 4.5% over the past year.
Return vs Market: OFX underperformed the Australian Market which returned 33.9% over the past year.
Shareholder returns
| OFX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 0.04% | 1.2% |
| 30 Day | 8.1% | -4.1% | 2.9% |
| 90 Day | -5.0% | -12.1% | 4.2% |
| 1 Year | -1.6%-3.8% | 8.9%4.5% | 38.0%33.9% |
| 3 Year | -30.1%-36.3% | -54.5%-59.0% | 35.1%18.8% |
| 5 Year | -36.0%-45.5% | -54.0%-62.4% | 65.6%33.2% |
Long-Term Price Volatility Vs. Market
How volatile is OFX Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Have Insiders Been Buying OFX Group Limited (ASX:OFX) Shares?2 months ago | Simply Wall St
What Percentage Of OFX Group Limited (ASX:OFX) Shares Do Insiders Own?3 months ago | Simply Wall St
Is OFX Group Limited (ASX:OFX) A Strong Dividend Stock?Valuation
Is OFX Group undervalued compared to its fair value and its price relative to the market?
23.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OFX (A$1.14) is trading below our estimate of fair value (A$1.5)
Significantly Below Fair Value: OFX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OFX is poor value based on its PE Ratio (18.6x) compared to the AU Diversified Financial industry average (18.2x).
PE vs Market: OFX is good value based on its PE Ratio (18.6x) compared to the Australian market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OFX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OFX is overvalued based on its PB Ratio (3.8x) compared to the AU Diversified Financial industry average (1.2x).
Future Growth
How is OFX Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-10.2%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as OFX Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has OFX Group performed over the past 5 years?
-5.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFX has high quality earnings.
Growing Profit Margin: OFX's current net profit margins (11.1%) are lower than last year (12.6%).
Past Earnings Growth Analysis
Earnings Trend: OFX's earnings have declined by 5.7% per year over the past 5 years.
Accelerating Growth: OFX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OFX had negative earnings growth (-9.5%) over the past year, making it difficult to compare to the Diversified Financial industry average (-5.4%).
Return on Equity
High ROE: OFX's Return on Equity (20%) is considered high.
Financial Health
How is OFX Group's financial position?
Financial Position Analysis
Short Term Liabilities: OFX's short term assets (A$271.1M) exceed its short term liabilities (A$206.3M).
Long Term Liabilities: OFX's short term assets (A$271.1M) exceed its long term liabilities (A$24.9M).
Debt to Equity History and Analysis
Debt Level: OFX is debt free.
Reducing Debt: OFX has not had any debt for past 5 years.
Debt Coverage: OFX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OFX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is OFX Group current dividend yield, its reliability and sustainability?
1.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OFX's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2%).
High Dividend: OFX's dividend (1.42%) is low compared to the top 25% of dividend payers in the Australian market (5.37%).
Stability and Growth of Payments
Stable Dividend: OFX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: OFX has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.7%), OFX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Skander Malcolm (51 yo)
4.17yrs
Tenure
AU$1,134,998
Compensation
Mr. John Alexander Malcolm, also known as Skander, serves as Chief Executive Officer and Managing Director at OFX Group Limited since February 01, 2017. Mr. Malcolm served as the Chief Executive Officer at...
CEO Compensation Analysis
Compensation vs Market: Skander's total compensation ($USD865.62K) is above average for companies of similar size in the Australian market ($USD490.97K).
Compensation vs Earnings: Skander's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: OFX's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: OFX's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
OFX Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: OFX Group Limited
- Ticker: OFX
- Exchange: ASX
- Founded: 1998
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: AU$285.330m
- Shares outstanding: 243.87m
- Website: https://www.ofx.com
Number of Employees
Location
- OFX Group Limited
- 60 Margaret Street
- Level 19
- Sydney
- New South Wales
- 2000
- Australia
Listings
Biography
OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, Asia, and internationally. It oper...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/14 08:11 |
| End of Day Share Price | 2021/04/14 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.