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OFX Group

DB:OFZ
Snowflake Description

Flawless balance sheet with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OFZ
DB
A$320M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, Asia, and internationally. The last earnings update was 145 days ago. More info.


Add to Portfolio Compare Print
  • OFX Group has significant price volatility in the past 3 months.
OFZ Share Price and Events
7 Day Returns
-11%
DB:OFZ
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
-42.1%
DB:OFZ
1.4%
DE Diversified Financial
2.6%
DE Market
OFZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OFX Group (OFZ) -11% -14.1% -9.9% -42.1% -35% -51.5%
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • OFZ underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • OFZ underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
OFZ
Industry
5yr Volatility vs Market

Value

 Is OFX Group 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
Here we compare the current share price of OFX Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for OFX Group.

DB:OFZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$0.25 * 32.6%
A$0.08
Book Value of Equity per Share Median Book Value from the past 5 years. A$0.25
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:OFZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 30%) (0%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.812 * 5.96%)
5.07%

Discounted Cash Flow Calculation for DB:OFZ using Excess Returns Model Model

The calculations below outline how an intrinsic value for OFX Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:OFZ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (32.6% – 5.07%) * A$0.25)
A$0.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.07 / (5.07% - 0.23%)
A$1.40
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.25 + A$1.40
A$1.64
DB:OFZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OFZ represents 0.5969x of ASX:OFX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.5969x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.64 x 0.5969
€0.98
Value per share (EUR) From above. €0.98
Current discount Discount to share price of €0.77
= -1 x (€0.77 - €0.98) / €0.98
21.5%

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

Current Discount
Amount off the current price OFX Group is available for.
Intrinsic value
22%
Share price is €0.77 vs Future cash flow value of €0.98127
Current Discount Checks
For OFX Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OFX Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OFX Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 OFX Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OFX Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OFZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in AUD A$0.07
ASX:OFX Share Price ** ASX (2019-10-11) in AUD A$1.29
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of OFX Group.

DB:OFZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:OFX Share Price ÷ EPS (both in AUD)

= 1.29 ÷ 0.07

17.71x

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

  • OFX Group is good value based on earnings compared to the DE Diversified Financial industry average.
  • OFX Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does OFX Group's expected growth come at a high price?
Raw Data
DB:OFZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.6%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:OFZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.71x ÷ 13.6%

1.31x

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

  • OFX Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on OFX Group's assets?
Raw Data
DB:OFZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in AUD A$0.29
ASX:OFX Share Price * ASX (2019-10-11) in AUD A$1.29
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:OFZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:OFX Share Price ÷ Book Value per Share (both in AUD)

= 1.29 ÷ 0.29

4.38x

* Primary Listing of OFX Group.

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

  • OFX Group is overvalued based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess OFX Group'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. OFX Group has a total score of 3/6, 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.

Future Performance

 How is OFX Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OFX Group expected to grow at an attractive rate?
  • OFX Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • OFX Group's earnings growth is expected to exceed the Germany market average.
  • OFX Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OFZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OFZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.6%
DB:OFZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.6%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:OFZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OFZ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 172 1
2023-03-31 160 1
2022-03-31 140 39 28 2
2021-03-31 135 29 22 3
2020-03-31 128 39 21 3
2019-10-12
DB:OFZ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-03-31 130 19 18
2018-12-31 129 27 19
2018-09-30 128 36 20
2018-06-30 124 34 19
2018-03-31 121 32 19
2017-12-31 118 33 18
2017-09-30 115 34 18
2017-06-30 115 28 19
2017-03-31 115 23 20
2016-12-31 114 14 20
2016-09-30 113 6 20
2016-06-30 113 11 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OFX Group's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • OFX Group's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
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
DB:OFZ 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 3 Analyst Estimates (S&P Global) See Below

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

DB:OFZ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.11 0.11 0.11 1.00
2021-03-31 0.09 0.10 0.09 2.00
2020-03-31 0.08 0.09 0.08 2.00
2019-10-12
DB:OFZ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-03-31 0.07
2018-12-31 0.08
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.08
2017-06-30 0.08
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.08
2016-06-30 0.09

*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.
  • OFX Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess OFX Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
OFX Group has a total score of 4/6, 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.

Past Performance

  How has OFX Group 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 OFX Group's growth in the last year to its industry (Diversified Financial).
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.
  • OFX Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • OFX Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OFX Group's 1-year earnings growth is negative, it can't be compared to the Europe Diversified Financial industry average.
Earnings and Revenue History
OFX Group'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 OFX Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OFZ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 130.23 17.61 72.31
2018-12-31 128.88 18.69 71.76
2018-09-30 127.53 19.78 71.21
2018-06-30 124.06 19.23 68.73
2018-03-31 120.59 18.69 66.25
2017-12-31 117.93 18.45 64.39
2017-09-30 115.27 18.20 62.53
2017-06-30 115.25 18.90 62.85
2017-03-31 115.23 19.60 63.17
2016-12-31 114.32 19.93 62.49
2016-09-30 113.41 20.26 61.82
2016-06-30 113.16 21.04 59.98
2016-03-31 112.91 21.81 58.14
2015-12-31 111.83 22.66 56.97
2015-09-30 110.76 23.51 55.79
2015-06-30 104.08 23.89 51.13
2015-03-31 97.40 24.27 46.46
2014-12-31 91.30 21.34 46.38
2014-09-30 85.19 18.42 46.31
2014-06-30 81.72 17.19 45.34
2014-03-31 78.25 15.97 44.37
2013-12-31 72.62 17.11 38.14
2013-09-30 66.98 18.25 31.92
2013-06-30 61.36 17.69 28.34
2013-03-31 55.74 17.14 24.77

*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.
  • OFX Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • OFX Group used its assets more efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • OFX Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OFX Group'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 Diversified Financial 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.
OFX Group has a total score of 2/6, 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.

Health

 How is OFX Group'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 OFX Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OFX Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OFX Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OFX Group'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.
  • OFX Group has no debt, it does not need to be covered by short term assets.
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 OFX Group Company Filings, last reported 6 months ago.

DB:OFZ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 71.36 0.00 58.57
2018-12-31 71.36 0.00 58.57
2018-09-30 70.65 0.00 66.57
2018-06-30 70.65 0.00 66.57
2018-03-31 62.99 0.00 57.44
2017-12-31 62.99 0.00 57.44
2017-09-30 59.07 0.00 167.57
2017-06-30 59.07 0.00 167.57
2017-03-31 57.47 0.00 42.65
2016-12-31 57.47 0.00 42.65
2016-09-30 55.44 0.00 129.41
2016-06-30 55.44 0.00 129.41
2016-03-31 53.23 0.00 162.89
2015-12-31 53.23 0.00 162.89
2015-09-30 51.06 0.00 172.98
2015-06-30 51.06 0.00 172.98
2015-03-31 47.63 0.00 168.80
2014-12-31 47.63 0.00 168.80
2014-09-30 42.74 0.00 167.22
2014-06-30 42.74 0.00 167.22
2014-03-31 36.00 0.00 148.56
2013-12-31 36.00 0.00 148.56
2013-09-30 30.48 0.00 136.55
2013-06-30 30.48 0.00 136.55
2013-03-31 30.76 0.00 92.11
  • OFX Group has no debt.
  • OFX Group has not taken on any debt in the past 5 years.
  • OFX Group has no debt, it does not need to be covered by operating cash flow.
  • OFX Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess OFX Group'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. OFX Group has a total score of 6/6, 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.

Dividends

 What is OFX Group'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
4.59%
Current annual income from OFX Group dividends. Estimated to be 5.16% next year.
If you bought €2,000 of OFX Group shares you are expected to receive €92 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?
  • OFX Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • OFX Group's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
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
DB:OFZ 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 3 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:OFZ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.08 2.00
2021-03-31 0.07 3.00
2020-03-31 0.06 3.00
2019-10-12
DB:OFZ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.059 4.077
2018-11-19 0.056 3.328
2018-05-21 0.054 2.756
2017-11-14 0.053 3.533
2017-05-22 0.057 3.538
2016-11-14 0.059 3.929
2016-05-16 0.067 3.209
2015-11-09 0.072 2.966
2015-05-25 0.071 2.911
2014-11-24 0.059 2.364
2014-05-26 0.124 4.967

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

  • OFX Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • OFX Group has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of OFX Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess OFX Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 OFX Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OFX Group has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of OFX Group'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
Skander Malcolm
COMPENSATION A$787,781
AGE 50
TENURE AS CEO 2.7 years
CEO Bio

Mr. John Alexander Malcolm, also known as Skander, serves as Chief Executive Officer and Managing Director at OFX Group Limited since February 01, 2017. Mr. Malcolm served as the Chief Executive Officer at GE Capital Commercial Equipment Financing. He leads GE Healthcare's operations in Russia & CIS, Turkey & Central Asia, Middle East and Africa. He has over 20 years experience in the financial services sector in roles covering the United Kingdom, United States and Australia. He served as the Chief Executive Officer and President of Eastern & Africa Growth Markets at GE Healthcare Ltd., until January 22, 2016. He served as the Chief Financial Officer of GE Capital (NZ) Limited. He served as the Chief Executive of GE Capital Australia and New Zealand at General Electric Capital Corporation since February 2010. Mr. Malcolm joined GE in 2003 as Client Director of MasterCard, where he led the regulatory project to obtain a Specialist Credit Card Issuer License from APRA. He served as Managing Director, Card Solutions of GE Money since 2004 and Managing Director, Retailer Solutions since 2007. He has been a Director at OFX Group Limited since February 1, 2017. He served with Household International in the US and UK and with Westpac Banking Corporation. He previously worked with Household Finance in Britain. Mr. Malcolm is a graduate of the University of Sydney with a Bachelor of Economics degree.

CEO Compensation
  • Skander's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Skander's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the OFX Group management team in years:

1
Average Tenure
  • The average tenure for the OFX Group management team is less than 2 years, this suggests a new team.
Management Team

Skander Malcolm

TITLE
CEO, MD & Director
COMPENSATION
A$788K
AGE
50
TENURE
2.7 yrs

Selena Verth

TITLE
Chief Financial Officer
COMPENSATION
A$470K
TENURE
2 yrs

Mark Shaw

TITLE
Chief Operating Officer
COMPENSATION
A$38K
TENURE
0.6 yrs

Wendy Glasgow

TITLE
Chief Technology Officer
COMPENSATION
A$417K
TENURE
1.7 yrs

Matthew Gregorowski

TITLE
Investor Relations

Freya Smith

TITLE
Chief Legal Officer & Company Secretary
TENURE
4.1 yrs

Elaine Herlihy

TITLE
Chief Marketing Officer
TENURE
0.4 yrs

Jill Rezsdovics

TITLE
Chief People & Culture Officer
TENURE
1 yrs

Sarah Webb

TITLE
President of UK & Europe
TENURE
0.8 yrs

Yung Ngo

TITLE
President of Asia Pacific
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the OFX Group board of directors in years:

2.9
Average Tenure
59
Average Age
  • The average tenure for the OFX Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve Sargent

TITLE
Independent Chairman of the Board
COMPENSATION
A$230K
AGE
59
TENURE
2.9 yrs

Skander Malcolm

TITLE
CEO, MD & Director
COMPENSATION
A$788K
AGE
50
TENURE
2.7 yrs

Doug Snedden

TITLE
Non-Executive Independent Director
COMPENSATION
A$135K
AGE
61
TENURE
4.6 yrs

Grant Murdoch

TITLE
Non-Executive Director
COMPENSATION
A$125K
AGE
67
TENURE
6.1 yrs

Grant Murdoch

TITLE
Non-Executive Director
COMPENSATION
A$125K
AGE
67
TENURE
6.1 yrs

Lisa Frazier

TITLE
Non-Executive Independent Director
COMPENSATION
A$123K
AGE
50
TENURE
1.5 yrs

Connie Carnabuci

TITLE
Non-Executive Independent Director
AGE
55
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. May 19 Buy Health Employees Superannuation Trust Australia Company 04. Mar 19 24. May 19 674,547 €0.92 €622,581
12. Jun 19 Buy Renaissance Smaller Companies Pty Ltd Company 04. May 19 07. Jun 19 3,965,584 €0.95 €3,757,223
07. May 19 Sell Renaissance Smaller Companies Pty Ltd Company 20. May 17 03. May 19 -2,298,364 €1.35 €-3,114,199
07. May 19 Buy Renaissance Smaller Companies Pty Ltd Company 20. May 17 03. May 19 5,024,502 €1.00 €5,040,067
05. Dec 18 Buy John Malcolm Individual 28. Nov 18 28. Nov 18 28,240 €1.12 €31,769
30. Oct 18 Buy Pendal Group Limited Company 23. Aug 18 26. Oct 18 2,815,686 €1.33 €3,740,582
17. Oct 18 Sell Ellerston Capital Limited Company 28. Jun 18 16. Oct 18 -220,142 €1.37 €-296,497
X
Management checks
We assess OFX Group'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. OFX Group 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.

News

Simply Wall St News

Company Info

Description

OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, Asia, and internationally. It operates through two segments, International Payment Services and International Payment Solutions. The International Payment Services segment offers bank to bank currency transfer services to businesses and consumers. The International Payment Solutions segment provides OFX IT platform; client service; compliance sophistication; banking relationships; and payments services. The company was formerly known as OzForex Group Limited and changed its name to OFX Group Limited in September 2016. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australia.

Details
Name: OFX Group Limited
OFZ
Exchange: DB
Founded: 1998
A$197,368,521
248,297,698
Website: http://www.ofx.com
Address: OFX Group Limited
60 Margaret Street,
Level 19,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX OFX New Ordinary Shares Australian Securities Exchange AU AUD 11. Oct 2013
DB OFZ New Ordinary Shares Deutsche Boerse AG DE EUR 11. Oct 2013
CHIA OFX New Ordinary Shares Chi-X Australia AU AUD 11. Oct 2013
OTCPK OZFR.Y UNSPONSORD ADR Pink Sheets LLC US USD 01. Aug 2014
Number of employees
Current staff
Staff numbers
360
OFX Group employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:40
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/20
Last earnings filing: 2019/05/20
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.