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Change Financial

ASX:CCA
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCA
ASX
A$8M
Market Cap
  1. Home
  2. AU
  3. Software
Company description

Change Financial Limited operates as a US-based fintech solutions and blockchain investment company that provides digital banking services. The last earnings update was 142 days ago. More info.


Add to Portfolio Compare Print
  • Change Financial has significant price volatility in the past 3 months.
CCA Share Price and Events
7 Day Returns
-3.7%
ASX:CCA
-0.6%
AU IT
0%
AU Market
1 Year Returns
-86%
ASX:CCA
10.1%
AU IT
4.8%
AU Market
CCA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Change Financial (CCA) -3.7% 75.6% 125.7% -86% -88.7% -
AU IT -0.6% 2.6% -0.2% 10.1% 47.6% 44.2%
AU Market 0% 0.9% 6.8% 4.8% 20.1% 12.2%
1 Year Return vs Industry and Market
  • CCA underperformed the IT industry which returned 10.1% over the past year.
  • CCA underperformed the Market in Australia which returned 4.8% over the past year.
Price Volatility
CCA
Industry
5yr Volatility vs Market

CCA Value

 Is Change Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Change Financial. This is due to cash flow or dividend data being unavailable. The share price is A$0.079.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Change Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Change Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CCA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.10
ASX:CCA Share Price ** ASX (2019-07-19) in AUD A$0.08
ASX:CCA Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.705 $0.06
Australia IT Industry PE Ratio Median Figure of 17 Publicly-Listed IT Companies 20.72x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Change Financial.

ASX:CCA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CCA Share Price ÷ EPS (both in USD)

= 0.06 ÷ -0.10

-0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Change Financial is loss making, we can't compare its value to the AU IT industry average.
  • Change Financial is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Change Financial's expected growth come at a high price?
Raw Data
ASX:CCA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia IT Industry PEG Ratio Median Figure of 12 Publicly-Listed IT Companies 1.21x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Change Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Change Financial's assets?
Raw Data
ASX:CCA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.00
ASX:CCA Share Price * ASX (2019-07-19) in AUD A$0.08
ASX:CCA Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.705 $0.06
Australia IT Industry PB Ratio Median Figure of 32 Publicly-Listed IT Companies 2.99x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:CCA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CCA Share Price ÷ Book Value per Share (both in USD)

= 0.06 ÷ 0.00

22.4x

* Primary Listing of Change Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Change Financial is overvalued based on assets compared to the AU IT industry average.
X
Value checks
We assess Change Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Change Financial has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CCA Future Performance

 How is Change Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.1%
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Change Financial expected to grow at an attractive rate?
  • Unable to compare Change Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Change Financial's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Change Financial's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:CCA Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia IT Industry Earnings Growth Rate Market Cap Weighted Average 26.1%
Australia IT Industry Revenue Growth Rate Market Cap Weighted Average 18.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CCA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CCA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:CCA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -7 -8
2018-09-30 1 -8 -9
2018-06-30 1 -8 -9
2018-03-31 1 -9 -10
2017-12-31 1 -9 -10
2017-09-30 1 -9 -9
2017-06-30 1 -8 -9
2017-03-31 0 -7 -9
2016-12-31 0 -6 -9
2016-09-30 0 -6 -8
2016-06-30 0 -5 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Change Financial is high growth as no earnings estimate data is available.
  • Unable to determine if Change Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CCA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Change Financial Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CCA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:CCA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.10
2018-09-30 -0.11
2018-06-30 -0.12
2018-03-31 -0.13
2017-12-31 -0.14
2017-09-30 -0.14
2017-06-30 -0.14
2017-03-31 -0.15
2016-12-31 -0.18
2016-09-30 -0.20
2016-06-30 -0.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Change Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of CCA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Change Financial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. Change Financial's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Change Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Change Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CCA Past Performance

  How has Change Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Change Financial's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Change Financial does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Change Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Change Financial's 1-year growth to the AU IT industry average as it is not currently profitable.
Earnings and Revenue History
Change Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Change Financial Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CCA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1.16 -8.01 2.36
2018-09-30 1.12 -8.53 2.91
2018-06-30 1.08 -9.05 3.46
2018-03-31 0.97 -9.58 4.03
2017-12-31 0.87 -10.12 4.60
2017-09-30 0.74 -9.44 4.31
2017-06-30 0.60 -8.77 4.02
2017-03-31 0.45 -8.72 4.20
2016-12-31 0.30 -8.67 4.38
2016-09-30 0.24 -8.16 3.84
2016-06-30 0.18 -7.66 3.29
2015-06-30 -2.17 0.51
2014-06-30 0.00 -0.60 0.36
2013-06-30 0.00 -0.14 0.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Change Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Change Financial has efficiently used its assets last year compared to the AU IT industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Change Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Change Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Change Financial has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CCA Health

 How is Change Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Change Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Change Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Change Financial has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Change Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Change Financial Company Filings, last reported 6 months ago.

ASX:CCA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.21 0.08 0.53
2018-09-30 0.21 0.08 0.53
2018-06-30 2.30 0.00 1.67
2018-03-31 2.30 0.00 1.67
2017-12-31 5.74 0.00 4.84
2017-09-30 5.74 0.00 4.84
2017-06-30 10.38 0.00 9.47
2017-03-31 10.38 0.00 9.47
2016-12-31 7.52 0.00 6.49
2016-09-30 7.52 0.00 6.49
2016-06-30 11.36 0.00 10.88
2015-06-30 0.60 0.00 0.75
2014-06-30 0.30 0.00 0.08
2013-06-30 0.15 0.00 0.10
  • Change Financial's level of debt (38%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 38% today).
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.

  • Change Financial has less than a year of cash runway based on current free cash flow.
  • Change Financial has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.2% each year.
X
Financial health checks
We assess Change Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Change Financial has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CCA Dividends

 What is Change Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Change Financial dividends.
If you bought A$2,000 of Change Financial shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Change Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Change Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CCA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia IT Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CCA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Change Financial has not reported any payouts.
  • Unable to verify if Change Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Change Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Change Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Change Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Change Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Change Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CCA Management

 What is the CEO of Change Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ash Shilkin
COMPENSATION $378,116
TENURE AS CEO 0.9 years
CEO Bio

Mr. Ashley Shilkin, also known as Ash, is a Founder of Change Financial Limited, has been its Chief Executive Officer since August 29, 2018 and served as its Executive Director until December 12, 2018. He served as Chief Executive Officer and Managing Director of Change Financial Limited until August 1, 2018. Prior to Change Financial, Mr. Shilkin was Chief Financial Officer of CO2 Australia Limited since March 1, 2006. Mr. Shilkin has a Masters in Commercial Law and a Bachelor of Commerce with double majors in Investment Finance and International Business Economics.

CEO Compensation
  • Ash's compensation has increased whilst company is loss making.
  • Ash's remuneration is higher than average for companies of similar size in Australia.
Management Team

Ash Shilkin

TITLE
Founder & CEO
COMPENSATION
$378K
TENURE
0.9 yrs

Clayton Fossett

TITLE
Chief Operating Officer
COMPENSATION
$177K

Ian Leijer

TITLE
Executive Director
COMPENSATION
$68K

Nick Roberts

TITLE
Chief Marketing Officer
COMPENSATION
$198K

Adam Gallagher

TITLE
Company Secretary
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure of the Change Financial board of directors in years:

0.7
Average Tenure
  • The average tenure for the Change Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors

Teresa Clarke

TITLE
Non-Executive Chairman
COMPENSATION
$40K
TENURE
0.8 yrs

Ian Leijer

TITLE
Executive Director
COMPENSATION
$68K
TENURE
4.5 yrs

Ben Harrison

TITLE
Director
COMPENSATION
$41K
TENURE
0.6 yrs

Harley Dalton

TITLE
Director
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
20. Feb 19 Buy Riverlife Capital Ventures Pty Ltd Company 20. Feb 19 20. Feb 19 16,667 A$0.06 A$1,000
20. Feb 19 Buy Harley Dalton Individual 20. Feb 19 20. Feb 19 67,039 A$0.06 A$4,022
20. Feb 19 Buy Ian Leijer Individual 20. Feb 19 20. Feb 19 200,000 A$0.06 A$12,000
X
Management checks
We assess Change Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Change Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CCA News

Simply Wall St News

How Change Financial Limited (ASX:CCA) Can Impact Your Portfolio Volatility

If you own shares in Change Financial Limited (ASX:CCA) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … If this beta value holds true in the future, Change Financial shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Since Change Financial tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Easy Come, Easy Go: How Change Financial (ASX:CCA) Shareholders Got Unlucky And Saw 93% Of Their Cash Evaporate

Change Financial Limited (ASX:CCA) shareholders will doubtless be very grateful to see the share price up 118% in the last month. … View our latest analysis for Change Financial We don't think Change Financial's revenue of US$1,155,490 is enough to establish significant demand. … A Different Perspective While Change Financial shareholders are down 93% for the year, the market itself is up 12%.

Simply Wall St -

Do Institutions Own Change Financial Limited (ASX:CCA) Shares?

The big shareholder groups in Change Financial Limited (ASX:CCA) have power over the company. … Change Financial is a smaller company with a market capitalization of AU$5.6m, so it may still be flying under the radar of many institutional investors. … institutional investors have not yet purchased much of the company

Simply Wall St -

Could Change Financial Limited's (ASX:CCA) Investor Composition Influence The Stock Price?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Change Financial is a smaller company with a market capitalization of AU$6.8m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Change Financial

Simply Wall St -

Are Change Financial Limited's (ASX:CCA) Interest Costs Too High?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is CCA growing fast enough to value financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Is Change Financial Limited's (ASX:CCA) Balance Sheet A Threat To Its Future?

The direct benefit for Change Financial Limited (ASX:CCA), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is CCA will have to adhere to stricter debt covenants and have less financial flexibility. … Is CCA growing fast enough to value financial flexibility over lower cost of capital

Simply Wall St -

CCA Company Info

Description

Change Financial Limited operates as a US-based fintech solutions and blockchain investment company that provides digital banking services. It operates through three business units: Consumer, Enterprise, and Blockchain. The company offers ChimpChange, a mobile banking platform. It also provides enterprise SaaS solutions; and ivyKoin, a blockchain based cryptocurrency used for business transactions. The company was formerly known as ChimpChange Limited and changed its name to Change Financial Limited in July 2017. Change Financial Limited was founded in 2011 and is based in Brisbane, Australia.

Details
Name: Change Financial Limited
CCA
Exchange: ASX
Founded: 2011
A$7,808,646
98,843,631
Website: http://www.changefinancial.com
Address: Change Financial Limited
82 Eagle Street,
Level 11,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CCA Ordinary Shares Australian Securities Exchange AU AUD 30. Jun 2016
OTCPK CNGF.F Ordinary Shares Pink Sheets LLC US USD 30. Jun 2016
CHIA CCA Ordinary Shares Chi-X Australia AU AUD 30. Jun 2016
Number of employees
Current staff
Staff numbers
28
Change Financial employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 10:39
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2017/08/31
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.