How does CCA's PS Ratio compare to its peers?

CCA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (1.6x).

How does CCA's PS Ratio compare vs other companies in the AU Diversified Financial Industry?

CCA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the Oceanic Diversified Financial industry average (2.1x).

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

CCA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

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

Insufficient data to calculate CCA's fair value for valuation analysis.

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

Insufficient data to show price forecast.

Change Financial (CHIA:CCA) - Stock Price, News & Analysis

CCA Stock Overview

Provides payments management platform and payment testing solutions in South East Asia, Oceania, Latin America, the United States, and internationally. More details

CCA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	6/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings are forecast to grow 99.72% per year

Earnings have grown 5.1% per year over the past 5 years

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$46M)

Change Financial Limited Competitors

Splitit Payments

ASX:SPT

AU$41.5m

EML Payments

ASX:EML

AU$334.8m

OFX Group

ASX:OFX

AU$323.5m

Cuscal

ASX:CCL

AU$459.7m

Price History & Performance

Summary of all time highs, changes and price drops for Change Financial
Historical stock prices
Current Share Price	AU$0.068
52 Week High	AU$0.098
52 Week Low	AU$0.047
Beta	0.91
11 Month Change	-13.92%
3 Month Change	-19.05%
1 Year Change	25.93%
33 Year Change	-32.00%
5 Year Change	-56.13%
Change since IPO	-88.57%

Recent updates

Shareholder Returns

	CCA	AU Diversified Financial	AU Market
7D	4.6%	-1.0%	-0.3%
1Y	25.9%	10.7%	18.4%

Return vs Industry: CCA exceeded the Australian Diversified Financial industry which returned 12.2% over the past year.

Return vs Market: CCA exceeded the Australian Market which returned 19.7% over the past year.

Price Volatility

Is CCA's price volatile compared to industry and market?
CCA volatility
CCA Average Weekly Movement	7.6%
Diversified Financial Industry Average Movement	6.4%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: CCA has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: CCA's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	79	Tony Sheehan	www.changefinancial.com

Change Financial Limited provides payments management platform and payment testing solutions in South East Asia, Oceania, Latin America, the United States, and internationally. The company provides Vertexon PaaS, a physical and virtual card issuing and transaction processing platform; and PaySim, payment testing solution. The company was formerly known as ChimpChange Limited and changed its name to Change Financial Limited in July 2017.

Change Financial Limited Fundamentals Summary

How do Change Financial's earnings and revenue compare to its market cap?
CCA fundamental statistics
Market cap	AU$46.02m
Earnings (TTM)	-AU$3.96m
Revenue (TTM)	AU$16.39m

2.8x

P/S Ratio

-11.6x

P/E Ratio

Is CCA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CCA income statement (TTM)
Revenue	US$10.64m
Cost of Revenue	US$7.58m
Gross Profit	US$3.06m
Other Expenses	US$5.63m
Earnings	-US$2.57m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0037
Gross Margin	28.74%
Net Profit Margin	-24.15%
Debt/Equity Ratio	0%

How did CCA perform over the long term?

See historical performance and comparison

CCA Stock Overview

Rewards

Risk Analysis

Change Financial Limited Competitors

ASX:SPT

AU$41.5m

ASX:EML

AU$334.8m

ASX:OFX

AU$323.5m

ASX:CCL

AU$459.7m

Price History & Performance

Recent News & Updates

Change Financial Limited to Report Q1, 2025 Results on Oct 29, 2024

Change Financial Limited, Annual General Meeting, Nov 21, 2024

Change Financial Limited Announces Retirement of Alastair Wilkie as Director

New minor risk - Shareholder dilution

Forecast breakeven date pushed back to 2026

Change Financial Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.

Recent updates

Change Financial Limited to Report Q1, 2025 Results on Oct 29, 2024

Change Financial Limited, Annual General Meeting, Nov 21, 2024

Change Financial Limited Announces Retirement of Alastair Wilkie as Director

New minor risk - Shareholder dilution

Forecast breakeven date pushed back to 2026

Change Financial Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.

Full year 2024 earnings released: US$0.004 loss per share (vs US$0.005 loss in FY 2023)

Change Financial Limited to Report Q4, 2024 Results on Jul 25, 2024

Change Financial Limited to Report Q3, 2024 Results on Apr 29, 2024

Change Financial Limited to Report First Half, 2024 Results on Feb 28, 2024

Change Financial Limited to Report Q2, 2024 Results on Jan 31, 2024

Less than half of directors are independent

Change Financial Limited to Report Q1, 2024 Results on Oct 31, 2023

Change Financial Limited, Annual General Meeting, Nov 22, 2023

Full year 2023 earnings released: US$0.005 loss per share (vs US$0.009 loss in FY 2022)

New minor risk - Financial data availability

Change Financial Limited to Report Fiscal Year 2023 Final Results on Aug 31, 2023

Change Financial Limited to Report Q4, 2023 Results on Jul 27, 2023

Change Financial Limited Provides Update on its Vertexon Payments as A Service (PaaS) Platform and Card Issuing Capabilities Update

Change Financial Limited Appoints Geoffrey Sam, OAM as Non-Executive Director

Less than half of directors are independent

First half 2023 earnings released: US$0.004 loss per share (vs US$0.006 loss in 1H 2022)

Change Financial Limited Announces Retirement of Alastair Wilkie as CEO, Effective 30 June 2023

Change Financial Limited Announces the Cessation of Benjamin Harrison as Director

Less than half of directors are independent

Change Financial Limited Announces Board Changes

Change Financial Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: US$0.009 loss per share (vs US$0.009 loss in FY 2021)

Less than half of directors are independent

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Change Financial Limited to Report First Half, 2022 Results on Feb 24, 2022

Change Financial Limited to Report Q2, 2022 Results on Jan 31, 2022

Non-Executive Director Harley Dalton has left the company

Full year 2021 earnings released: US$0.009 loss per share (vs US$0.028 loss in FY 2020)

New 90-day high: AU$0.20

Executive Director recently bought AU$70k worth of stock

Change Financial Limited (ASX:CCA) completed the acquisition of all the business assets of Wirecard NZ Limited and Wirecard Australia Pty Ltd.

Full year earnings released - AU$0.028 loss per share

Shareholder Returns

Price Volatility

About the Company

Change Financial Limited Fundamentals Summary

2.8x

-11.6x

Earnings & Revenue