Change Financial Limited operates as a fintech company in the United States. More Details
+ 1 more risk
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Change Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CCA is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 22% a week.
Volatility Over Time: CCA's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of Australian stocks.
7 Day Return
1 Year Return
Return vs Industry: CCA underperformed the Australian IT industry which returned 83.4% over the past year.
Return vs Market: CCA underperformed the Australian Market which returned 5.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Change Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StIs Change Financial (ASX:CCA) In A Good Position To Deliver On Growth Plans?
11 months ago | Simply Wall StWhat Percentage Of Change Financial Limited (ASX:CCA) Shares Do Insiders Own?
1 year ago | Simply Wall StChange Financial (ASX:CCA) Shareholders Have Enjoyed An Impressive 227% Share Price Gain
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 AU 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 (11.4x) compared to the AU IT industry average (4.4x).
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.
- Examine Change Financial's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Change Financial competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
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 11.9% 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 (-10.9%).
Return on Equity
High ROE: CCA has a negative Return on Equity (-151.04%), as it is currently unprofitable.
How is Change Financial's financial position?
Financial Position Analysis
Short Term Liabilities: CCA's short term assets ($3.4M) exceed its short term liabilities ($1.1M).
Long Term Liabilities: CCA's short term assets ($3.4M) exceed its long term liabilities ($179.4K).
Debt to Equity History and Analysis
Debt Level: CCA is debt free.
Reducing Debt: CCA had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CCA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CCA has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.4% each year.
What is Change Financial current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CCA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CCA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CCA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CCA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CCA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alastair Wilkie (61 yo)
Mr. Alastair Paterson Wilkie serves as Chief Executive Officer of Change Financial Limited since October 25 2019. He served as Chief Operating Officer of Emerchants Limited from November 11, 2014 to April ...
CEO Compensation Analysis
Compensation vs Market: Alastair's total compensation ($USD300.26K) is about average for companies of similar size in the Australian market ($USD298.12K).
Compensation vs Earnings: Insufficient data to compare Alastair's compensation with company performance.
|Chief Executive Officer||1.33yrs||US$300.26k||0.78% |
|Chief Operating Officer||no data||US$256.25k||0.0097% |
|Executive Director & Finance Director||6.08yrs||US$68.05k||1.21% |
|Vice President Finance & Administration||0.33yr||no data||no data|
|Chief Technology officer||no data||no data||no data|
|Chief Marketing Officer||no data||US$197.60k||no data|
|Human Resources Manager||0.33yr||no data||no data|
|Head of Business Solutions||0.33yr||no data||no data|
|Head of Testing Solutions||0.33yr||no data||no data|
|Chief Architect||0.33yr||no data||no data|
|Group Manager & Head of Application||0.33yr||no data||no data|
|Head of Development-LATAM||0.33yr||no data||no data|
Experienced Management: CCA's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|Executive Director & Finance Director||6.08yrs||US$68.05k||1.21% |
|Non-Executive Director||2.17yrs||US$59.82k||0.68% |
Experienced Board: CCA's board of directors are not considered experienced ( 2.2 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 been substantially diluted in the past year, with total shares outstanding growing by 286.9%.
Change Financial Limited's company bio, 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$53.715m
- Shares outstanding: 397.89m
- Website: https://www.changefinancial.com
Number of Employees
- Change Financial Limited
- 82 Eagle Street
- Level 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CCA||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jun 2016|
|CCA||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jun 2016|
|CNGF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2016|
Change Financial Limited operates as a fintech company in the United States. It provides payment processor and mobile banking services through its mobile application. The company was formerly known as Chim...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/02/25 07:04|
|End of Day Share Price||2021/02/25 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.