Change Financial Limited, a fintech company, offers payment-as-a-service solutions to businesses and financial institutions in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.096|
|52 Week High||AU$0.09|
|52 Week Low||AU$0.20|
|1 Month Change||-12.73%|
|3 Month Change||-3.03%|
|1 Year Change||-48.11%|
|3 Year Change||11.63%|
|5 Year Change||-84.00%|
|Change since IPO||-82.86%|
Recent News & Updates
|CCA||AU IT||AU Market|
Return vs Industry: CCA underperformed the Australian IT industry which returned 8.7% over the past year.
Return vs Market: CCA underperformed the Australian Market which returned 21.1% over the past year.
Stable Share Price: CCA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: CCA's weekly volatility (10%) has been stable over the past year.
About the Company
Change Financial Limited, a fintech company, offers payment-as-a-service solutions to businesses and financial institutions in the United States. It provides Change Platform, a card issuing and payment platform. The company was formerly known as ChimpChange Limited and changed its name to Change Financial Limited in July 2017.
Change Financial Fundamentals Summary
|CCA fundamental statistics|
Is CCA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CCA income statement (TTM)|
|Cost of Revenue||US$5.75m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0087|
|Net Profit Margin||-55.08%|
How did CCA perform over the long term?See historical performance and comparison
Is Change Financial undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CCA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CCA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CCA is unprofitable, so we can't compare its PE Ratio to the Australian IT industry average.
PE vs Market: CCA is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CCA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CCA is overvalued based on its PB Ratio (4.1x) compared to the AU IT industry average (3.2x).
How is Change Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software 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 Change Financial 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.
How has Change Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCA is currently unprofitable.
Growing Profit Margin: CCA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CCA is unprofitable, but has reduced losses over the past 5 years at a rate of 23.6% per year.
Accelerating Growth: Unable to compare CCA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CCA is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-11.2%).
Return on Equity
High ROE: CCA has a negative Return on Equity (-49.53%), as it is currently unprofitable.
How is Change Financial's financial position?
Financial Position Analysis
Short Term Liabilities: CCA's short term assets ($6.7M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: CCA's short term assets ($6.7M) exceed its long term liabilities ($303.9K).
Debt to Equity History and Analysis
Debt Level: CCA is debt free.
Reducing Debt: CCA had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CCA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CCA has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 12.8% each year.
What is Change Financial current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CCA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CCA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CCA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CCA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CCA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alastair Wilkie (62 yo)
Mr. Alastair Paterson Wilkie serves as Chief Executive Officer of Change Financial Limited since October 25 2019. He served as Chief Operating Officer of Emerchants Limited from November 11, 2014 to April...
CEO Compensation Analysis
Compensation vs Market: Alastair's total compensation ($USD279.82K) is about average for companies of similar size in the Australian market ($USD303.55K).
Compensation vs Earnings: Alastair's compensation has been consistent with company performance over the past year.
Experienced Management: CCA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: CCA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Change Financial Limited's employee growth, exchange listings and data sources
- Name: Change Financial Limited
- Ticker: CCA
- Exchange: ASX
- Founded: 2011
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: AU$38.197m
- Shares outstanding: 397.89m
- Website: https://www.changefinancial.com
Number of Employees
- Change Financial Limited
- 82 Eagle Street
- Level 11
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:20|
|End of Day Share Price||2021/10/21 00:00|
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.