How to buy Class shares | A$2.08

Class Limited is a software—application business based in Australia. Class shares (CL1) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.08 – a decrease of 1.89% over the previous week. Class has a trailing 12-month revenue of around $43.9 million.

How to buy shares in Class

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Class. Find the share by name or ticker symbol: CL1. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Class reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $2.08, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Class. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Class's share price?

Since the stock market crash in March caused by coronavirus, Class's share price has had significant positive movement.

Its last market close was $2.08, which is 12.02% up on its pre-crash value of $1.83 and 135.03% up on the lowest point reached during the March crash when the shares fell as low as $0.885.

If you had bought $1,000 worth of Class shares at the start of February 2020, those shares would have been worth $448.78 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,014.62.

Class share price

Use our graph to track the performance of CL1 stocks over time.

Class shares at a glance

• Key figures

Information last updated 2020-09-25.

Latest market close	AUDA$2.08
52-week range	AUDA$0.885 - AUDA$2.36
50-day moving average	AUDA$1.8436
200-day moving average	AUDA$1.4594
Target price	AUDA$2.32
PE ratio	35.2531
Dividend yield	AUDA$0.05 (2.48%)
Earnings per share (TTM)	AUDA$0.057

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AUD 8

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Class stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Class Limited by TradingView

Class price performance over time

Historical closes compared with the close of A$2.08 on 2020-09-29

1 week (2020-09-24)	2.97%
1 month (2020-09-01)	16.53%
3 months (2020-07-01)	51.82%
6 months (2020-04-01)	88.24%

1 year (2019-10-01)	38.67%
2 years (2018-10-01)	-6.73%
3 years (2017-09-29)	-39.53%
5 years (2015-09-27)	N/A

Is Class under- or over-valued?

Valuing Class stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Class's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Class's P/E ratio

Class's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, Class shares trade at around 35x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Class's EBITDA

Class's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $11.9 million.

The EBITDA is a measure of a Class's overall financial performance and is widely used to measure a its profitability.

Class financials

Revenue TTM	$43.9 million
Operating margin TTM	24.55%
Gross profit TTM	$25.4 million
Return on assets TTM	13.48%
Return on equity TTM	19.39%
Profit margin	15.58%
Book value	0.341
Market capitalisation	$250.7 million

TTM: trailing 12 months

Class share dividends

Dividend payout ratio: 87.26% of net profits

Recently Class has paid out, on average, around 87.26% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.48% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Class shareholders could enjoy a 2.48% return on their shares, in the form of dividend payments. In Class's case, that would currently equate to about A$0.05 per share.

Class's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 19 August 2020 (the "ex-dividend date").

Class share price volatility

Over the last 12 months, Class's shares have ranged in value from as little as $0.885 up to $2.36. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Class's is 1.8745. This would suggest that Class's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Class overview

Class Limited develops and distributes cloud-based accounting, investment reporting, and administration software for accountants, administrators, and advisers in Australia. The company offers Class Super, a cloud based self-managed super fund SMSF administration software to streamline various aspects of SMSF administration. It also provides Class Portfolio, a cloud software solution for streamlining investment portfolio accounting, administration, and reporting for companies, trusts, and individuals; and Class Trust. Class Limited was founded in 2005 and is based in Sydney, Australia.

Frequently asked questions

• What percentage of Class is owned by insiders or institutions?

  Currently 35.782% of Class shares are held by insiders and 24.177% by institutions.

• When does the fiscal year end for Class?

  Class's fiscal year ends in June.

• Where is Class based?

  Class's address is: 228 Pitt Street, Sydney, NSW, Australia, 2000

• What is Class's ISIN number?

  Class's international securities identification number is: AU000000CL11