OFX Group
Market Cap
AU$335.2m
Last Updated
2019/10/19 10:36 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.
Snowflake
Fundamentals
Reasonable growth potential second-rate dividend payer.
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
Market Performance
7 Day Return
4.7%
OFX
5.3%
AU Diversified Financial
0.4%
AU Market
1 Year Return
-36.6%
OFX
-41.2%
AU Diversified Financial
9.8%
AU Market
Return vs Industry: OFX exceeded the Australian Diversified Financial industry which returned -41.2% over the past year.
Return vs Market: OFX underperformed the Australian Market which returned 9.8% over the past year.
Shareholder returns
| OFX | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.7% | 5.3% | 0.4% |
| 30 Day | -15.9% | -6.6% | -1.1% |
| 90 Day | -1.8% | -2.5% | -0.6% |
| 1 Year | -34.3%-36.6% | -40.2%-41.2% | 16.1%9.8% |
| 3 Year | -10.8%-19.6% | -56.3%-61.3% | 36.1%17.9% |
| 5 Year | -37.2%-46.4% | -54.1%-63.0% | 49.4%15.7% |
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 day ago | Simply Wall St
How Much Of OFX Group Limited (ASX:OFX) Do Insiders Own?3 weeks ago | Simply Wall St
Does OFX Group Limited (ASX:OFX) Have A Place In Your Dividend Portfolio?1 month ago | Simply Wall St
OFX Group Limited (ASX:OFX): What Can We Expect From This High Growth Stock?Valuation
Is OFX Group undervalued compared to its fair value and its price relative to the market?
12.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: OFX (A$1.35) is trading below our estimate of fair value (A$1.54)
Significantly Undervalued: OFX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: OFX is good value based on its PE Ratio (18.5x) compared to the Diversified Financial industry average (18.5x).
PE vs Market: OFX is poor value based on its PE Ratio (18.5x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
Low PEG Ratio: OFX is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: OFX is overvalued based on its PB Ratio (4.6x) compared to the AU Diversified Financial industry average (2.1x).
Next Steps
Future Growth
How is OFX Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
13.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OFX's forecast earnings growth (13.6% per year) is above the savings rate (2.3%).
Earnings vs Market: OFX's earnings (13.6% per year) are forecast to grow faster than the Australian market (10.3% per year).
High Growth Earnings: OFX's earnings are forecast to grow, but not significantly.
Revenue vs Market: OFX's revenue (5.6% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: OFX's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: OFX's Return on Equity is forecast to be high in 3 years time (25.2%)
Next Steps
Past Performance
How has OFX Group performed over the past 5 years?
-1.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: OFX's earnings have declined by -1.9% 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 (-5.8%) over the past year, making it difficult to compare to the Diversified Financial industry average (8.6%).
Return on Equity
High ROE: OFX's Return on Equity (24.7%) is considered high.
Return on Assets
ROA vs Industry: OFX has a higher Return on Assets than the Diversified Financial industry average last year.
Return on Capital Employed
ROCE Improving: OFX's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is OFX Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: OFX has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if OFX's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: OFX's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if OFX has a sufficient allowance for bad loans.
Low Risk Liabilities: OFX reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if OFX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: OFX has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if OFX has an appropriate level of bad loans.
Next Steps
Dividend
What is OFX Group's current dividend yield, its reliability and sustainability?
4.39%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: OFX's dividend (4.39%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: OFX's dividend (4.39%) is low compared to the top 25% of dividend payers in the Australian market (5.59%).
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 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81.3%), OFX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OFX's dividends in 3 years are forecast to be covered by earnings (86.9% payout ratio).
Next Steps
Management
What is the CEO of OFX Group's salary, the management and board of directors tenure and is there insider trading?
1.0yrs
Average management tenure
CEO
Skander Malcolm (50yo)
2.7yrs
Tenure
AU$787,781
Compensation
Mr. John Alexander Malcolm, also known as Skander, serves as Chief Executive Officer and Managing Director at OFX Group Limited since February 01, 2017. Mr. Malcolm served as the Chief Executive Officer at ...
CEO Compensation Analysis
Compensation vs. Market: Skander's total compensation ($USD539.32K) is about average for companies of similar size in the Australian market ($USD464.93K).
Compensation vs Earnings: Skander's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.0yrs
Average Tenure
Experienced Management: OFX's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Age and Tenure
2.9yrs
Average Tenure
59yo
Average Age
Experienced Board: OFX's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,656,049 |
| Max Price | AU$1.50 |
| Entity | Company |
| Shares | 2,301,575 |
| Max Price | AU$1.38 |
| Entity | Company |
| Shares | 3,965,584 |
| Max Price | AU$1.53 |
| Entity | Company |
| Shares | 674,547 |
| Max Price | AU$1.50 |
| Entity | Company |
| Shares | 5,024,502 |
| Max Price | AU$1.60 |
| Entity | Company |
| Shares | 2,298,364 |
| Max Price | AU$2.16 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, MD & Director |
| Shares | 28,240 |
| Max Price | AU$1.75 |
| Entity | Company |
| Shares | 2,815,686 |
| Max Price | AU$2.15 |
Ownership Breakdown
Management Team
Skander Malcolm (50yo)
CEO, MD & Director
- Tenure: 2.7yrs
- Compensation: AU$787.78k
Wendy Glasgow
Chief Technology Officer
- Tenure: 1.7yrs
- Compensation: AU$417.33k
Freya Smith
Chief Legal Officer & Company Secretary
- Tenure: 4.1yrs
Selena Verth
Chief Financial Officer
- Tenure: 2yrs
- Compensation: AU$470.40k
Matthew Gregorowski
Investor Relations
- Tenure: 0yrs
Mark Shaw
Chief Operating Officer
- Tenure: 0.6yrs
- Compensation: AU$38.34k
Sarah Webb
President of UK & Europe
- Tenure: 0.8yrs
Jill Rezsdovics
Chief People & Culture Officer
- Tenure: 1yrs
Yung Ngo
President of Asia Pacific
- Tenure: 0.6yrs
Elaine Herlihy
Chief Marketing Officer
- Tenure: 0.4yrs
Board Members
Steve Sargent (59yo)
Independent Chairman of the Board
- Tenure: 2.9yrs
- Compensation: AU$230.00k
Connie Carnabuci (55yo)
Non-Executive Independent Director
- Tenure: 0.5yrs
Doug Snedden (61yo)
Non-Executive Independent Director
- Tenure: 4.6yrs
- Compensation: AU$135.00k
Skander Malcolm (50yo)
CEO, MD & Director
- Tenure: 2.7yrs
- Compensation: AU$787.78k
Lisa Frazier (50yo)
Non-Executive Independent Director
- Tenure: 1.5yrs
- Compensation: AU$122.50k
Grant Murdoch (67yo)
Non-Executive Director
- Tenure: 6.1yrs
- Compensation: AU$125.00k
Grant Murdoch (67yo)
Non-Executive Director
- Tenure: 6.1yrs
- Compensation: AU$125.00k
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$335.202m
- Shares outstanding: 248.30m
- Website: https://www.ofx.com
Number of Employees
Location
- OFX Group Limited
- 60 Margaret Street
- Level 19
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OFX | ASX (Australian Securities Exchange) | Yes | New Ordinary Shares | AU | AUD | Oct 2013 |
| OFZ | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Oct 2013 |
| OFX | CHIA (Chi-X Australia) | Yes | New Ordinary Shares | AU | AUD | Oct 2013 |
| OZFR.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Aug 2014 |
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 | 2019/10/19 10:36 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.