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
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
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
is considered below, and whether this is a fair price.
Price based on past earnings
Change Financial's earnings available for a low price, and how does
this compare to other companies in the same industry?
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
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
Expected IT industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
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.
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.
Change Financial's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
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.
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.
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
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.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
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.
Ash's compensation has increased whilst company is loss making.
Ash's remuneration is higher than average for companies of similar size in Australia.
Founder & CEO
Chief Operating Officer
Chief Marketing Officer
Board of Directors Tenure
Average tenure of the
board of directors in years:
The average tenure for the Change Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
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.
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%.
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
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
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
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
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.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.