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OFX

OFX GroupASX:OFX Stock Report

Last Price

AU$2.16

Market Cap

AU$524.1m

7D

-5.7%

1Y

79.3%

Updated

22 Jan, 2022

Data

Company Financials +
OFX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends0/6

OFX Stock Overview

OFX Group Limited provides international payments and foreign exchange services in Australia, New Zealand, Europe, North America, Asia, and internationally.

Rewards

Earnings are forecast to grow 11.49% per year

Earnings grew by 40.1% over the past year

Risk Analysis

No risks detected for OFX from our risk checks.

OFX Group Competitors

Equals Group

AIM:EQLS

UK£140.8m

Price History & Performance

Summary of all time highs, changes and price drops for OFX Group
Historical stock prices
Current Share PriceAU$2.16
52 Week HighAU$2.45
52 Week LowAU$1.02
Beta0.028
1 Month Change-7.30%
3 Month Change33.33%
1 Year Change79.25%
3 Year Change27.43%
5 Year Change24.14%
Change since IPO-15.63%

Recent News & Updates

Aug 19
OFX Group Limited's (ASX:OFX) CEO Might Not Expect Shareholders To Be So Generous This Year

OFX Group Limited's (ASX:OFX) CEO Might Not Expect Shareholders To Be So Generous This Year

Shareholders will probably not be too impressed with the underwhelming results at OFX Group Limited ( ASX:OFX...

Shareholder Returns

OFXAU Diversified FinancialAU Market
7D-5.7%-4.6%-2.8%
1Y79.3%-20.9%5.8%

Return vs Industry: OFX exceeded the Australian Diversified Financial industry which returned -20.9% over the past year.

Return vs Market: OFX exceeded the Australian Market which returned 5.8% over the past year.

Price Volatility

Is OFX's price volatile compared to industry and market?
OFX volatility
OFX Average Weekly Movement7.3%
Diversified Financial Industry Average Movement5.6%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: OFX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: OFX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998400Skander Malcolmhttps://www.ofx.com

OFX Group Limited provides international payments and foreign exchange services in Australia, New Zealand, Europe, North America, Asia, and internationally. It operates through five segments, Australia and New Zealand, Europe, North America, Asia, and International Payment Solutions. The company offers international payment services, such as bank to bank currency transfer services to businesses and consumers.

OFX Group Fundamentals Summary

How do OFX Group's earnings and revenue compare to its market cap?
OFX fundamental statistics
Market CapAU$524.07m
Earnings (TTM)AU$20.81m
Revenue (TTM)AU$147.15m

25.2x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OFX income statement (TTM)
RevenueAU$147.15m
Cost of RevenueAU$14.52m
Gross ProfitAU$132.63m
ExpensesAU$111.82m
EarningsAU$20.81m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.086
Gross Margin90.13%
Net Profit Margin14.14%
Debt/Equity Ratio0%

How did OFX perform over the long term?

See historical performance and comparison

Valuation

Is OFX Group undervalued compared to its fair value and its price relative to the market?

25.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OFX (A$2.16) is trading above our estimate of fair value (A$1.64)

Significantly Below Fair Value: OFX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OFX is poor value based on its PE Ratio (25.2x) compared to the Australian Diversified Financial industry average (17.3x).

PE vs Market: OFX is poor value based on its PE Ratio (25.2x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: OFX is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: OFX is overvalued based on its PB Ratio (5.7x) compared to the AU Diversified Financial industry average (1.1x).


Future Growth

How is OFX Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OFX's forecast earnings growth (11.5% per year) is above the savings rate (1.9%).

Earnings vs Market: OFX's earnings (11.5% per year) are forecast to grow faster than the Australian market (11.1% per year).

High Growth Earnings: OFX's earnings are forecast to grow, but not significantly.

Revenue vs Market: OFX's revenue (18.6% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: OFX's revenue (18.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OFX's Return on Equity is forecast to be high in 3 years time (22.1%)


Past Performance

How has OFX Group performed over the past 5 years?

-4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OFX has high quality earnings.

Growing Profit Margin: OFX's current net profit margins (14.1%) are higher than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: OFX's earnings have declined by 4.1% per year over the past 5 years.

Accelerating Growth: OFX's earnings growth over the past year (40.1%) exceeds its 5-year average (-4.1% per year).

Earnings vs Industry: OFX earnings growth over the past year (40.1%) exceeded the Diversified Financial industry 26.8%.


Return on Equity

High ROE: OFX's Return on Equity (22.8%) is considered high.


Financial Health

How is OFX Group's financial position?


Financial Position Analysis

Short Term Liabilities: OFX's short term assets (A$337.9M) exceed its short term liabilities (A$260.7M).

Long Term Liabilities: OFX's short term assets (A$337.9M) exceed its long term liabilities (A$17.3M).


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?

2.15%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OFX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OFX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OFX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OFX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OFX is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OFX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Skander Malcolm (52 yo)

4.92yrs

Tenure

AU$1,210,544

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 ($USD872.21K) is about average for companies of similar size in the Australian market ($USD751.45K).

Compensation vs Earnings: Skander's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OFX's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: OFX's board of directors are considered experienced (5.2 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 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
  • Implied Market Cap: AU$524.071m
  • Shares outstanding: 242.63m
  • Website: https://www.ofx.com

Number of Employees


Location

  • OFX Group Limited
  • 60 Margaret Street
  • Level 19
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:02
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.