How to buy OFX Group (OFX) shares
Learn how to easily invest in OFX Group shares.
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OFX Group is a capital markets business based in Australia. OFX Group shares (OFX) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollar. OFX Group has a trailing 12-month revenue of around $147.2 million. If you're looking to buy shares, check out the steps below.
How to buy shares in OFX Group
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for OFX Group . Find the share by name or ticker symbol: OFX. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until OFX Group reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of OFX Group . Optimise your portfolio by tracking how your stock and 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 affect your stock.
OFX Group stock price (ASX:OFX)Use our graph to track the performance of OFX stocks over time.
OFX Group shares at a glance
|52-week range||$1.015 - $2.45|
|50-day moving average||$2.1346|
|200-day moving average||$1.6496|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$0.083|
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Is it a good time to buy OFX Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.
OFX Group price performance over time
|1 week (2022-01-21)||2.78%|
|1 month (2021-12-29)||-7.88%|
|3 months (2021-10-29)||39.18%|
|6 months (2021-07-29)||48.00%|
|1 year (2021-01-29)||85.00%|
|2 years (2020-01-29)||54.70%|
|3 years (2019-01-29)||31.36%|
|5 years (2017-01-27)||27.59%|
Is OFX Group under- or over-valued?
Valuing OFX Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of OFX Group 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
OFX Group 's P/E ratio
OFX Group 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 26x. In other words, OFX Group shares trade at around 26x 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.
OFX Group 's EBITDA
OFX Group 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $28.9 million (£0.0 million).
The EBITDA is a measure of a OFX Group 's overall financial performance and is widely used to measure a its profitability.
OFX Group financials
|Revenue TTM||$147.2 million|
|Operating margin TTM||19.12%|
|Gross profit TTM||$117.9 million|
|Return on assets TTM||5.21%|
|Return on equity TTM||25.14%|
|Market capitalisation||$535.1 million|
TTM: trailing 12 months
OFX Group share dividends
Dividend payout ratio: 9.78% of net profits
Recently OFX Group has paid out, on average, around 9.78% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.62% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), OFX Group shareholders could enjoy a 1.62% return on their shares, in the form of dividend payments. In OFX Group 's case, that would currently equate to about A$0 per share.
While OFX Group 's payout ratio might seem low, this can signify that OFX Group is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 24 November 2020 (the "ex-dividend date").
OFX Group share price volatility
Over the last 12 months, OFX Group 's shares have ranged in value from as little as $1.015 up to $2.45. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while OFX Group 's is 0.0276. This would suggest that OFX Group 's shares are less volatile than average (for this exchange).
OFX Group overview
OFX Group Limited provides international payments and foreign exchange services in Australia, New Zealand, Europe, North America, Asia, and internationally. It operates through five segments, Australia and New Zealand, Europe, North America, Asia, and International Payment Solutions. The company offers international payment services, such as bank to bank currency transfer services to businesses and consumers. It also provides international payment solutions, including 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.
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OFX Group in the news
Is OFX Group Limited (ASX:OFX) Popular Amongst Insiders?
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