OFX Group Limited

ASX:OFX Stock Report

Market Cap: AU$324.2m

OFX Group Valuation

Is OFX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OFX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OFX (A$1.35) is trading below our estimate of fair value (A$3.67)

Significantly Below Fair Value: OFX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OFX?

Key metric: As OFX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OFX. This is calculated by dividing OFX's market cap by their current earnings.
What is OFX's PE Ratio?
PE Ratio12.1x
EarningsAU$26.24m
Market CapAU$324.19m

Price to Earnings Ratio vs Peers

How does OFX's PE Ratio compare to its peers?

The above table shows the PE ratio for OFX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
TYR Tyro Payments
16.6x1.5%AU$426.9m
CCL Cuscal
14.1xn/aAU$444.4m
AFG Australian Finance Group
14.3xn/aAU$414.3m
SVR Solvar
17.8x22.0%AU$303.4m
OFX OFX Group
12.1x20.2%AU$318.3m

Price-To-Earnings vs Peers: OFX is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does OFX's PE Ratio compare vs other companies in the Oceanian Diversified Financial Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OFX 12.1xIndustry Avg. 16.6xNo. of Companies3PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OFX is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Global Diversified Financial industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is OFX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OFX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: OFX is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OFX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.35
AU$2.09
+54.8%
6.1%AU$2.27AU$2.00n/a3
Dec ’25AU$1.33
AU$2.09
+57.7%
6.1%AU$2.27AU$2.00n/a3
Nov ’25AU$1.40
AU$2.18
+56.4%
2.6%AU$2.24AU$2.11n/a3
Oct ’25AU$2.18
AU$2.55
+17.1%
4.2%AU$2.64AU$2.37n/a4
Sep ’25AU$2.07
AU$2.55
+23.3%
4.2%AU$2.64AU$2.37n/a4
Aug ’25AU$2.21
AU$2.55
+15.5%
4.2%AU$2.64AU$2.37n/a4
Jul ’25AU$2.20
AU$2.55
+16.0%
4.2%AU$2.64AU$2.37n/a4
Jun ’25AU$2.12
AU$2.55
+20.4%
4.2%AU$2.64AU$2.37n/a4
May ’25AU$1.61
AU$2.25
+39.6%
3.4%AU$2.37AU$2.17n/a4
Apr ’25AU$1.63
AU$2.25
+37.9%
3.4%AU$2.37AU$2.17n/a4
Mar ’25AU$1.53
AU$2.21
+44.2%
1.5%AU$2.25AU$2.17n/a3
Feb ’25AU$1.49
AU$2.21
+48.1%
1.5%AU$2.25AU$2.17n/a3
Jan ’25AU$1.51
AU$2.09
+39.0%
7.5%AU$2.20AU$1.82n/a4
Dec ’24AU$1.37
AU$2.09
+52.7%
7.5%AU$2.20AU$1.82AU$1.334
Nov ’24AU$1.52
AU$2.39
+57.3%
15.0%AU$2.74AU$1.82AU$1.404
Oct ’24AU$1.74
AU$2.39
+37.4%
15.0%AU$2.74AU$1.82AU$2.184
Sep ’24AU$1.86
AU$2.39
+28.5%
15.0%AU$2.74AU$1.82AU$2.074
Aug ’24AU$2.07
AU$2.31
+11.7%
17.8%AU$2.78AU$1.82AU$2.214
Jul ’24AU$1.98
AU$2.31
+16.7%
17.8%AU$2.78AU$1.82AU$2.204
Jun ’24AU$1.81
AU$2.26
+25.1%
16.0%AU$2.65AU$1.82AU$2.124
May ’24AU$1.44
AU$2.29
+59.1%
17.6%AU$2.60AU$1.72AU$1.613
Apr ’24AU$1.57
AU$2.29
+46.4%
17.6%AU$2.60AU$1.72AU$1.633
Mar ’24AU$1.93
AU$3.06
+58.8%
10.5%AU$3.35AU$2.61AU$1.533
Feb ’24AU$2.02
AU$3.06
+51.3%
10.5%AU$3.35AU$2.61AU$1.493
Jan ’24AU$2.38
AU$3.08
+29.5%
9.6%AU$3.35AU$2.67AU$1.513
Dec ’23AU$2.44
AU$2.92
+19.7%
12.9%AU$3.35AU$2.44AU$1.374

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 13:58
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

OFX Group Limited is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Silvia SpadeaBofA Global Research
Owen HumphriesCanaccord Genuity
Bob ChenDeutsche Bank