OFX GROUP LIMITED (OFX)
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OFX - OFX GROUP LIMITED

FNArena Sector : Diversified Financials
Year End: March
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.87
Index: ASX300 | ALL-ORDS | ALL-TECH

OFX Group, formerly OzForex, is an Australian provider of international payments and foreign currency exchange services. The company has been listed since 2013.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.23

22 Jul
2024

0.000

OPEN

$2.22

0.000

HIGH

$2.24

1,424,481

LOW

$2.21

OTHER COMPANIES IN THE SAME SECTOR
B4P . BFG . CCR . CNI . CPU . CVC . EP1 . EQT . EZL . FID . HMY . LFG . OBL . PGL . SOL . SVW .
FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

Last ex-div: 09/06 - ex-div 2.35c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx13.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx242.7 M
Book Value Per Share xxxxxxxxxxxxxxx71.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-20.8 M
Net Profit Margin xxxxxxxxxxxxxxx12.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx19.95 %
Return on Invested Capital xxxxxxxxxxxxxxx14.06 %
Return on Assets xxxxxxxxxxxxxxx4.94 %
Return on Equity xxxxxxxxxxxxxxx19.95 %
Return on Total Capital xxxxxxxxxxxxxxx20.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-23.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx54 M
Total Debt xxxxxxxxxxxxxxx56 M
Goodwill - Gross xxxxxxxxxxxxxxx72 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx88 M
Price To Book Value xxxxxxxxxxxxxxx2.29

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx22.4 M
Capex % of Sales xxxxxxxxxxxxxxx9.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx33 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx163 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx21 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

27/05/2024

1

Buy

$2.60

16.59%

Canaccord Genuity analysts maintain the Buy rating for OFX Group with an increased price target to $2.60 from $2.20 following the company's FY24 results release.

As per the broker, OFX reported net operating income growth of 5% to $224m, with adjusted EBITDA beating expectations at $61m, reflecting improved margins and operational efficiencies.

Revenue forecasts for 2024, 2025, and 2026 have been revised upwards by 2.8%, 2.4%, and 1.9%, respectively, with EPS forecasts lifted by 18.6% for 2024, 8.3% for 2025, and 3.9% for 2026.

Canaccord Genuity believes the company’s outlook remains positive, supported by strong performance, higher gross and net win margins, and significant potential for scale-up and valuation upside.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 16.00 cents.
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OFX STOCK CHART

FNArena News on OFX

1
Australian Broker Call *Extra* Edition – May 27, 2024

May 27 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 04, 2023

Aug 04 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Aug 03, 2023

Aug 03 2023 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – May 26, 2023

May 26 2023 - Daily Market Reports

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