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CCA

Change FinancialASX:CCA Stock Report

Market Cap

AU$38.2m

7D

-1.0%

1Y

-48.1%

Updated

21 Oct, 2021

Data

Company Financials
CCA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CCA Overview

Change Financial Limited, a fintech company, offers payment-as-a-service solutions to businesses and financial institutions in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Change Financial
Historical stock prices
Current Share PriceAU$0.096
52 Week HighAU$0.09
52 Week LowAU$0.20
Beta2.73
1 Month Change-12.73%
3 Month Change-3.03%
1 Year Change-48.11%
3 Year Change11.63%
5 Year Change-84.00%
Change since IPO-82.86%

Recent News & Updates

Shareholder Returns

CCAAU ITAU Market
7D-1.0%1.6%0.7%
1Y-48.1%8.6%21.4%

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.

Price Volatility

Is CCA's price volatile compared to industry and market?
CCA volatility
CCA Beta2.73
Industry Beta1.68
Market Beta1

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

FoundedEmployeesCEOWebsite
201180Alastair Wilkiehttps://www.changefinancial.com

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

How do Change Financial's earnings and revenue compare to its market cap?
CCA fundamental statistics
Market CapUS$28.61m
Earnings (TTM)-US$3.48m
Revenue (TTM)US$6.31m

4.5x

P/S Ratio

-8.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCA income statement (TTM)
RevenueUS$6.31m
Cost of RevenueUS$5.75m
Gross ProfitUS$564.95k
ExpensesUS$4.04m
Earnings-US$3.48m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0087
Gross Margin8.95%
Net Profit Margin-55.08%
Debt/Equity Ratio0%

How did CCA perform over the long term?

See historical performance and comparison

Valuation

Is Change Financial undervalued compared to its fair value and its price relative to the market?

4.08x

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).


Future Growth

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

48.5%

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.


Past Performance

How has Change Financial performed over the past 5 years?

23.6%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Alastair Wilkie (62 yo)

2yrs

Tenure

US$279,815

Compensation

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.


Leadership Team

Experienced Management: CCA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: CCA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Change Financial Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Change Financial Limited
  • 82 Eagle Street
  • Level 11
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:20
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.