How to buy OFX Group shares | A$1.175
Own OFX Group shares in just a few minutes.
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OFX Group Limited is a capital markets business based in Australia. OFX Group shares (OFX) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.175 – a decrease of 0.42% over the previous week. OFX Group has a trailing 12-month revenue of around $138.3 million.
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 Australian Securities Exchange (ASX). Our table below can help you choose.
- 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.
- 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. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $1.175, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of OFX Group . 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 we chose these brokersFor 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 OFX Group 's share price?
Since the stock market crash in March caused by coronavirus, OFX Group 's share price has had significant negative movement.
Its last market close was $1.175, which is 20.07% down on its pre-crash value of $1.47 and 29.83% up on the lowest point reached during the March crash when the shares fell as low as $0.905.
If you had bought $1,000 worth of OFX Group shares at the start of February 2020, those shares would have been worth $770.00 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 $783.34.
OFX Group share priceUse our graph to track the performance of OFX stocks over time.
OFX Group shares at a glance
|Latest market close||AUDA$1.175|
|52-week range||AUDA$0.905 - AUDA$1.545|
|50-day moving average||AUDA$1.135|
|200-day moving average||AUDA$1.2449|
|Dividend yield||AUDA$0.05 (4.03%)|
|Earnings per share (TTM)||AUDA$0.082|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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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. 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.
OFX Group price performance over time
|1 week (2020-10-12)||0.86%|
|1 month (2020-09-23)||6.82%|
|3 months (2020-07-19)||N/A|
|6 months (2020-04-19)||N/A|
|1 year (2019-10-19)||N/A|
|2 years (2018-10-19)||-44.84%|
|3 years (2017-10-19)||-19.24%|
|5 years (2015-10-19)||-58.04%|
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 14x. In other words, OFX Group 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.
OFX Group 's EBITDA
OFX Group 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $28.3 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||$138.3 million|
|Operating margin TTM||19.09%|
|Gross profit TTM||$125.2 million|
|Return on assets TTM||5.36%|
|Return on equity TTM||27.92%|
|Market capitalisation||$296 million|
TTM: trailing 12 months
OFX Group share dividends
Dividend payout ratio: 58.75% of net profits
Recently OFX Group has paid out, on average, around 58.75% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.03% 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 4.03% return on their shares, in the form of dividend payments. In OFX Group 's case, that would currently equate to about A$0.05 per share.
OFX Group '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 8 June 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 $0.905 up to $1.545. 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 OFX Group 's is 0.335. This would suggest that OFX Group 's shares are less volatile than average (for this exchange).
OFX Group overview
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.
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