How to buy Mortgage Choice shares | A$1.06

Mortgage Choice Limited is a mortgage finance business based in Australia. Mortgage Choice shares (MOC) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.06 – an increase of 3.41% over the previous week. Mortgage Choice has a trailing 12-month revenue of around $173.3 million.

How to buy shares in Mortgage Choice

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 Mortgage Choice . Find the share by name or ticker symbol: MOC. 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 Mortgage Choice 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 $1.06, 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 Mortgage Choice . 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.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Mortgage Choice 's share price?

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

Its last market close was $1.06, which is 3.64% down on its pre-crash value of $1.1 and 103.85% up on the lowest point reached during the March crash when the shares fell as low as $0.52.

If you had bought $1,000 worth of Mortgage Choice shares at the start of February 2020, those shares would have been worth $413.79 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 $812.26.

Mortgage Choice share price

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

Mortgage Choice shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$1.06
52-week range	AUDA$0.52 - AUDA$1.595
50-day moving average	AUDA$0.9215
200-day moving average	AUDA$0.763
Target price	AUDA$1.55
PE ratio	13.6
Dividend yield	AUDA$0.07 (6.67%)
Earnings per share (TTM)	AUDA$0.075

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AUD 8

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• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
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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 Mortgage Choice 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 Mortgage Choice Limited by TradingView

Mortgage Choice price performance over time

Historical closes compared with the close of A$1.06 on 2020-10-20

1 week (2020-10-13)	0%
1 month (2020-09-21)	28.48%
3 months (2020-07-20)	46.21%
6 months (2020-04-20)	55.88%

1 year (2019-10-18)	-27.40%
2 years (2018-10-19)	-18.15%
3 years (2017-10-20)	-49.52%
5 years (2015-10-20)	-35.37%

Is Mortgage Choice under- or over-valued?

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

Mortgage Choice 's P/E ratio

Mortgage Choice 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Mortgage Choice shares trade at around 14x recent earnings.

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

Mortgage Choice 's EBITDA

Mortgage Choice 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $13.8 million.

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

Mortgage Choice financials

Revenue TTM	$173.3 million
Operating margin TTM	7.86%
Gross profit TTM	$44 million
Return on assets TTM	2.08%
Return on equity TTM	10.75%
Profit margin	5.44%
Book value	0.716
Market capitalisation	$132.5 million

TTM: trailing 12 months

Mortgage Choice share dividends

Dividend payout ratio: 92.86% of net profits

Recently Mortgage Choice has paid out, on average, around 92.86% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.67% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mortgage Choice shareholders could enjoy a 6.67% return on their shares, in the form of dividend payments. In Mortgage Choice 's case, that would currently equate to about A$0.07 per share.

Mortgage Choice '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 1 September 2020 (the "ex-dividend date").

Mortgage Choice share price volatility

Over the last 12 months, Mortgage Choice 's shares have ranged in value from as little as $0.52 up to $1.595. 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 Mortgage Choice 's is 0.7223. This would suggest that Mortgage Choice 's shares are less volatile than average (for this exchange).

Mortgage Choice overview

Mortgage Choice Limited provides mortgage broking services in Australia. It operates through two segments, Mortgage Choice Franchised Mortgage Broking and Mortgage Choice's Financial Planning Arm. The company offers assistance in determining the borrowing capacities of residential mortgage borrowers; and assessment of a range of home loans products, as well as submits loan applications on behalf of borrowers. It also provides assistance with car loans, equipment finance, general insurance, and personal loans to support personal and home pursuits and/or consolidate debts; and financial planning services. In addition, the company offers life, mortgage and income protection, car, home building and contents, lenders mortgage, and landlord insurance products. It provides loan origination services through its franchise network. The company was founded in 1992 and is headquartered in North Sydney, Australia.

Frequently asked questions

• What percentage of Mortgage Choice is owned by insiders or institutions?

  Currently 40.192% of Mortgage Choice shares are held by insiders and 21.581% by institutions.

• When does the fiscal year end for Mortgage Choice ?

  Mortgage Choice 's fiscal year ends in June.

• Where is Mortgage Choice based?

  Mortgage Choice 's address is: 100 Pacific Highway, North Sydney, NSW, Australia, 2060

• What is Mortgage Choice 's ISIN number?

  Mortgage Choice 's international securities identification number is: AU000000MOC5